Kotak Mutual Fund has launched an open-ended equity scheme focused on the transportation and logistics theme. The New Fund Offer (NFO), Kotak Transportation & Logistics Fund, opened on November 25 and will be available for subscription until December 9, 2024. Kotak Transportation & Logistics Fund investment objective The new fund aims to generate long-term capital
Big changes are on the way for how taxpayers interact with the government, thanks to the newly-approved PAN 2.0 Project. The Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, has given the green light to this tech-driven overhaul. With a budget of Rs 1,435 crore, the project promises to make taxpayer
Every parent wants to secure their child’s future, especially financially. A child insurance plan can be a smart move, providing the support needed to meet their life goals, even in your absence. By investing in a child plan, you are helping to ensure your child’s dreams are within reach, no matter what. Child Insurance Plan
In case of treatment in an emergency at a non-empaneled hospital or when expenses are incurred at an empaneled hospital, the beneficiary must submit a Medical Reimbursement Claim (MRC) to get reimbursed, according to rules framed by the government for the Central Government Health Scheme (CGHS). Submission of reimbursement claim Serving employees are required to
The government on Monday unveiled the Rs 1,435 crore PAN 2.0 Project. The project unveiled by Information and Broadcasting Minister Ashwini Vaishnaw aims to transform the Permanent Account Number (PAN) into a “common business identifier” for all digital systems of government agencies. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi
Is your 500 rupee note fake? Every now and then, we hear news of agencies detecting fake currency notes in various parts of the country. With the withdrawal of 2000 rupee notes, the 500 rupee note has become the highest-denomination currency in circulation. The Finance Ministry has shared data related to fake currency notes, including
8th Pay Commission: Over 1 crore central government employees and pensioners are eagerly awaiting an announcement from the Modi government with regard to the setting up of the 8th Pay Commission, which will give its recommendations to the Centre on salary and pension revision for central staff based on the current economic realities of the
Old Age Pension Scheme in Delhi: Good news for senior citizens living in Delhi. Ahead of the assembly elections, the state government has expanded the old-age pension scheme for seniors. Aam Aadmi Party’s national convenor Arvind Kejriwal has announced that now more than 5.3 lakh elderly people in Delhi will get a pension of Rs
Imagine receiving an offer from your bank for a personal loan—no lengthy application, no waiting period, and no need for collateral. That’s the appeal of a pre-approved personal loan. Designed for customers with a strong credit profile and reliable repayment history, these loans provide instant access to funds with minimal hassle. However, is accepting one
Zerodha Fund House on March 10 announced the launch of its new scheme Zerodha Silver ETF, an open-ended exchange traded fund tracking domestic prices of physical silver. Zerodha Fund House is an asset management company, a joint venture between Zerodha Broking Ltd and Smallcase Technologies Pvt Ltd. Zerodha Silver ETF subscription dates Zerodha Silver ETF
Paytm has expanded its UPI statement download feature by introducing an Excel format option, enhancing its financial management tools for users. The feature, which was previously limited to PDF downloads, now allows users to retrieve detailed transaction records in an easily analysable format, catering to individual users, accountants, and businesses. From what is understood, the
A rather somber Monday afternoon for the markets. After some initial buying, the indices are in the red with the Nifty slipping below 22,500 and the Sensex declining nearly 200 points pulled lower by banks, cement, capital goods. What’s even more worrying is the sharp cut across the small and midcap space. The BSE Smallcap
Anil Ambani-led Reliance Infrastructure, has been in the spotlight after announcing a merger with its wholly-owned subsidiary, Reliance Velocity. The share price of Reliance Infrastructure saw a strong rally last week, gaining over 12% in just five days. However, in today’s trading session, it took a dip of 2% after rising for three consecutive sessions.
