PM Kisan Maan Dhan Yojana: Are you eligible for PM Kisan Maan Dhan Yojana [ad_1] Step 4 The following categories of beneficiaries of higher economic status shall not be eligible for benefits under the scheme: All Institutional Land holders; and former and present holders of constitutional posts and former and present Ministers/ State Ministers and former/present Members of Lok Sabha/ ...

How a woman can quietly plan, prepare for divorce [ad_1] Getting a divorce has obvious emotional implications but what’s often overlooked is the financial aspect of spousal separation. To maintain the same lifestyle as she had when married, a woman must ensure a reasonable alimony/maintenance amount in the event of divorce. Here are some handy tips to make sure as ...

How EPS pensioners can submit Digital Life Certificate using FaceRD app [ad_1] Jeevan Pramaan is a digital life certificate for pensioners that is biometrically enabled and based on Aadhaar. Employees’ Pension Scheme 1995, provides social security to members during the service, administered by EPFO. According to an EPFO official tweet, “Face Authentication technology for Digital Life Certificates (DLC) of EPS’95 ...

Banks seek clarity on ‘grey areas’ from RBI on Rupee Vostro accounts The banks reached out to the Reserve Bank of India (RBI) to seek clarity on legal and regulatory grey areas around proposed rupee Vostro accounts before operationalising them to settle international trade, including that with Russia, the Economic Times reported. What are Vostro accounts? ...

India’s current account deficit likely jumped to a near-decade high: Poll India’s current account deficit likely widened to its highest in nearly a decade in the April-June quarter, driven by soaring global commodity prices and the biggest capital outflows since the global financial crisis of 2008, a Reuters poll found. With the Indian rupee near a record ...

CBI books PSL Group for cheating Canara Bank to tune of Rs 428.50 cr The CBI has filed a case against PSL Group and its directors for allegedly cheating Canara Bank to the tune of Rs 428.50 crore by defaulting on credit repayments, officials said. The agency on Thursday conducted searches at seven locations in Mumbai and ...

Post-IPO, Tamilnad Mercantile Bank to up focus on RAM, go on phygital mode Tamilnad Mercantile Bank (TMB) made a muted market debut on Thursday, with the stock listing at its issue price of Rs 510. It corrected and ended the session at Rs 508.45, a decline of 0.3 per cent, and as its leader spoke about the lender’s plans. ...

FSDC stresses on the need to monitor India’s financial sector risks The Financial Stability & Development Council (FSDC), chaired by Finance Minister Nirmala Sitharaman, on Thursday highlighted the need to monitor financial sector risks and the steps needed to mitigate them at a time when interest rates are rising in many emerging and developed economies amid inflationary pressures. ...

Bond yields rise 8 bps, as OIS rates surge on US inflation data Government bond prices fell sharply on Thursday, with yield on the 10-year benchmark paper climbing 8 basis points, as a surge in overnight indexed swap rates spilled over into the sovereign debt market, dealers said. The rupee too weakened versus the dollar as the ...

State Bank of India ready to open rupee trade account with Russian banks State Bank of India (SBI) is willing to work with Russian banks not facing sanctions and remain on the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network to open a special rupee vostro account (SRVA) for invoicing in Indian currency. The country’s largest lender in a ...