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Corporate participation in NPS at 12-month high: NSO
Corporate subscribers are largely voluntary, which means they can choose other investment alternatives. That they are choosing to put aside a part of their monthly income in NPS is testament to its rising popularity for retirement planning and long-term investing.
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What’s happening on India’s employment front?
More than 80% of the hired frontline workers held either a graduation degree, or at least a high school diploma. Nevertheless, the need for upskilling in this cohort was immense, with sign-ups for such courses jumping by 194% between FY22 and FY23.
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NSE mulls longer trading hours
Trading in futures and options (F&O) will also be allowed in this 3-hour evening session. Usually, trading in F&O happens during regular day sessions, which begins at 9:15 am and concludes at 3:30 pm.
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Groww set to outpace Zerodha in active client count soon
Zerodha added 33,000 new users in July, and about 88,000 in August. In contrast, Groww saw 2.5 lakh new users joining the platform last month.
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Indians saving more in physical assets than financial: FinMin, SBI
As per data from the Finance Ministry, home loans have consistently registered double digit growths since May 2021. Even vehicle loans have been growing at a solid 20% since September 2022
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Crypto continues to lose its sheen
Yesterday, after the Fed decided to keep the benchmark interest rate unchanged between 5.25-5.5%, bitcoin fell 0.6% over the last 24 hours to trade at $26,612.21 today
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No takers for graduates below 25 years, notes SWI 2023 report
In 2004, salaried women workers only made 70% of what their male counterparts did. By 2017, women had begun making 76% of what men did. However, the pay disparity has not narrowed since
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OPS harmful in the long-run, says RBI
A recent RBI bulletin highlighted that the long-term financial damage of going back to OPS far outweighs the short-term lure of OPS
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Rights you must know of as a tenant
If, as a tenant, you are worried about unreasonable, erratic maintenance charges and society fees, fret not. Not only do you have the right to protest against it, but you can also approach the local authorities in case the total money charged under the head of maintenance exceeds 50% of your overall rent.
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Household savings in India dip to record levels, loans rise sharply
As per RBI data, household debt stood at 37.6% of India’s GDP, as opposed to constituting 36.9% of the country’s GDP in FY 22
