In November 2023, several mutual fund houses strategically maintained cash allocations exceeding 10% of their assets under management (AUM). This deliberate choice aimed to offer flexibility for potential investment opportunities and to tackle unforeseen redemption pressures. Let’s delve into the specifics of these funds and explore the broader context of cash allocations in the mutual…
In a revealing podcast episode of ‘Figuring Out’ with Raj Shamani, the esteemed former Reserve Bank of India (RBI) Governor, Raghuram Rajan, disclosed intriguing insights into the financial facets of his tenure, shedding light on his annual salary and the significant perks that accompanied his role. During the engaging conversation, Rajan, who steered the RBI…
Finland, known for its stunning landscapes, rich cultural heritage, and efficient social systems, has been a sought-after destination for travelers worldwide. However, intending visitors must be aware of the country’s recent adjustment to its minimum daily financial requirement for those staying within its borders. This change holds significant implications for travelers seeking short-term stays in…
The European Union has long been a beacon of unity and collaboration among its member states. One of the fundamental aspects promoting this unity is the Schengen Zone, which enables passport-free travel across its member countries. Recent developments indicate that Bulgaria and Romania, two Balkan nations, may soon find themselves part of this coveted area,…
As the year 2024 unfolds, staying abreast of income tax-related deadlines becomes crucial for individuals, businesses, and financial institutions alike. Timely compliance not only ensures smooth operations but also aids in avoiding penalties and maintaining regulatory adherence. To assist in navigating the intricate landscape of tax regulations, here’s a comprehensive calendar outlining essential dates related…
Kotak Mahindra Bank, a prominent name in the Indian banking sector, recently underwent a significant change in its top leadership. With the departure of its founder director Uday Kotak, the bank witnessed a transition in its managerial positions, welcoming accomplished individuals to steer the institution towards its next phase of growth and innovation. Who is…
As the year 2023 drew to a close, numerous crucial deadlines loomed on December 31, affecting various financial, banking, and regulatory aspects. Some of these deadlines were extended, providing individuals with additional time to comply, while others remained fixed, necessitating timely action. The following is a comprehensive breakdown of deadlines that either lapsed or were…
The digital payment landscape has evolved significantly, offering users innovative ways to conduct transactions securely and conveniently. Among these advancements, the National Payments Corporation of India (NPCI) has introduced a new mode of payment called UPI Tap & Pay, which utilizes NFC technology to streamline UPI transactions. This article serves as a comprehensive guide, outlining…
The year 2023 marked a significant milestone for Mumbai’s real estate sector, witnessing a remarkable surge in property registrations and stamp duty collections. This article provides a detailed analysis of the trends and patterns observed in the Mumbai real estate market throughout the year, shedding light on various aspects such as property registrations, stamp duty…
In recent years, India has witnessed a monumental shift in its payment landscape. The advent of the Unified Payment Interface (UPI) has transformed how transactions are conducted across the nation. A closer inspection of the Reserve Bank of India’s (RBI) data unveils a notable trend: as UPI transactions soar, there’s a palpable decline in the…