The government has established the Minimum Support Price (MSP) system in agricultural economies to guarantee farmers a minimum price for their commodities. The government sets the MSP in order to shield farmers from changes in the market and guarantee them a fair price for their produce. Here’s a summary of its advantages, methods, and rules: …
The British economy entered a recession in the second half of 2023, which created a challenging environment for Prime Minister Rishi Sunak’s expected election this year. Sunak has promised to quicken expansion. The gross domestic product (GDP) contracted by 0.1% in July, September, and October, and then by 0.3% in the three months that followed …
The Supreme Court overwhelmingly determined on Thursday that the electoral bonds programme, which gives political donors complete confidentiality, and significant legal changes permitting big business to make unlimited political contributions are “unconstitutional and manifestly arbitrary.” In his main judgement, Chief Justice Chandrachud noted that the total non-disclosure of the source of political money through electoral …
A couple’s ability to manage their money well may be essential to their continued success as a unit. Here are five suggestions to assist couples in successfully managing their finances: Open Communication: Have honest discussions about expectations, spending patterns, and financial goals. Plan frequent money meetings to go over goals for savings, budgeting, and any …
In order to obtain a licence as a stock broker in India, one must comply with the regulatory standards established by the Securities and Exchange Board of India (SEBI). Here’s a thorough guide: 1. Qualification Standards: Educational Requirements: Usually, a bachelor’s degree in economics, finance, commerce, or a similar discipline is needed. Experience: It is …
India has taken a significant step towards bolstering its financial cooperation and digital connectivity with the successful launch of its Unified Payment Interface (UPI) services in Mauritius and Sri Lanka. Additionally, in Mauritius, RuPay card services have been introduced, further enhancing the reach of Indian digital payment solutions. Through these strategic initiatives, India aims to …
Indian Launched UPI Payment services in Sri Lanka and Mauritius Read More »
An industry standard test used in India to verify the expertise and ability of those working in the mutual fund distribution industry is the NISM VA (National Institute of Securities Markets – Mutual Fund Distributors) certification. The Securities and Exchange Board of India (SEBI) established the National Investor School (NISM) with the goal of defending …
What is NISM VA certification? Examination, Eligibility Criteria Read More »
Mutual funds and bank deposits are two popular investing choices, each with unique traits, advantages, and dangers. Investors must be aware of the distinctions between these options in order to make wise choices depending on their investment horizon, risk tolerance, and financial objectives. Deposits in banks: Savings accounts, certificates of deposit (CDs), and fixed deposits …
Overview of IRDA Established by the Insurance Regulatory and Development Authority Act, 1999, the Insurance Regulatory and Development Authority of India (IRDA) is a statutory agency. Its main goal is to promote and regulate India’s insurance sector. In addition to fostering fair competition and ensuring the financial soundness of insurance businesses, IRDA safeguards the interests …
What is IRDA and its role? Exam and Certification! Read More »
The task of determining the policy repo rate to meet the inflation target while keeping growth in mind has been given to the monetary policy committee. Although it is still high and was 5.69 percent in December 2023, retail inflation in the current fiscal year has decreased from its top of 7.44 percent in July …
The Repo Rate is Left Unchanged by the RBI for the Sixth Time in a Row Read More »
