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For The First Time, Economists Mapping Out How Households With TVs, Refrigerators Can Gauge a Country’s Level of Development

New Delhi: Apart from income, health, or education, a country’s level of development can also be gauged by looking at household items like refrigerators, televisions, or washing machines, according to a team of economists. Economists Rutger Schilpzand and Jeroen Smits from Radboud University in the Netherlands have coined the term for material wealth growth for

US Fed Slashes Interest Rates By 25 Basis Points Amid cooling Inflation, Weakening Labour Market

Washington: The US Federal Reserve has slashed interest rates by 25 basis points amid cooling inflation and a weakening labour market, marking the second rate cut in this easing cycle. “Since earlier in the year, labour market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress

India’s Healthcare Delivery Sector to Reach $250 Billion by 2029; 18 Pc Growth Projected: Report

New Delhi: India’s healthcare delivery sector is expected to reach $250 billion by 2029, according to a report. The report by Praxis Global Alliance showed that the sector is currently valued at approximately $135 billion, and is projected to grow at a CAGR of 18 percent. “This growth is driven by rising health awareness, government

Government Moves to Provide Financial Aid to Meritorious Students, Okays Scheme Providing Collateral and Guarantor Free Loans

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the PM-Vidyalaxmi scheme, which provides financial aid to meritorious students in a mission mode. The mechanism will facilitate and drive the extension of education loans to meritorious students who get admission in the nation’s top 860 quality higher educational institutions, covering

Central Government to Give Retired Employees Additional ‘Compassionate Allowance’ After 80

New Delhi: In a proactive move, the central government has announced that pensioners aged 80 and older will qualify for an additional pension called a compassionate allowance, according to a recent notification from the Department of Pension and Pensioners’ Welfare (DoPPW) under the Ministry of Personnel, PG and Pensions. DoPPW has also issued new guidelines

India Saved Pilferages worth $40 Bn by Eliminating Fake Beneficiaries in Last 8 Years with DBT Schemes, Streamlined Essential Services: Finance Minister Sitharaman

Washington: India’s government’s Direct Benefit Transfer (DBT) schemes have saved $40 billion in pilferages in the last eight years, according to Union Finance Minister Nirmala Sitharaman. Speaking at the Wharton Business School, University of Pennsylvania, during her US visit this week, the minister said over 51 ministries and departments in the central government now use

Priyanka Gandhi’s Investment Portfolio Reveals She Favours PSU Stocks, Relies on Government Companies for Returns

New Delhi: Congress General Secretary Priyanka Gandhi Vadra often criticises the government, but her key investment choice includes Public Sector Unit (PSU) shares. According to the affidavit submitted by Priyanka Gandhi, who is making her electoral debut by contesting the by-election for the Wayanad Lok Sabha in Kerala, she has also invested in the stock

Account Holders in Andhra’s Three ICICI Bank Branches Lose Rs 28 Crore

Vijayawada: Account holders in three ICICI Bank branches in Andhra Pradesh’s Palnadu and NTR districts have lost about Rs 28 crore. The Crime Investigation Department (CID) is investigating the loss of fixed deposits and gold by 72 account holders in the Chikaluripet and Narsaraopet branches in the Palnadu district and the Vijayawada branch in the

Monthly SIP Investments Cross Rs 24,000 Crore for First Time in India

New Delhi: For the first time in India, monthly systematic investment plan (SIP) numbers surged to Rs 24,508.73 crore in September, up from Rs 23,547.34 crore in August, a 4 percent increase, the Association of Mutual Funds in India (AMFI) data showed on Thursday. The SIP contributions crossed the Rs 24,000 crore mark for the

Report Highlights that Post-Covid Investors Want Regular Returns, Tax Benefits

New Delhi: According to a report released on Monday, the degree of returns, regularity of returns, and tax benefits are the most important elements affecting post-COVID investing decisions. The report, jointly produced by the PHD Research Bureau, PHD Chamber of Commerce and Industry, and Jagan Institute of Management Studies (JIIMS), Rohini, aims to analyse the factors