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People can receive ₹10 lakh without telling authorities after Center modifies FCRA

Union Home Ministry has amended the Foreign Contribution Regulation Act (FCRA) giving certain relaxations such as allowing relatives to send more money to India freely, granting Indians the ability to receive up...

Central Bank of India launches Cent Kranti Credit Camp Abhiyan

During the ongoing celebrations of Azadi Ka Amrit Mahotsav, Central Bank of India has launched a mega credit campaign CENT KRANTI ABHIYAN with effect from 1st August to 31st August, 2022....

Adani group wins race to buy Ambuja Cements, ACC for $10.5 bn from Holcim

Ambuja Cement and ACC Cement from Holcium Group was bought by Adani Group For 82 thousand crores. Adani Group is preparing to raise overseas debt of $ 4.5 billion i.e. about 33...

Carlyle and Advent close in on $1 billion stake in Yes Bank

The effort by Yes Bank to enlist Carlyle and Advent as equity investors for roughly $1 billion has picked up steam, following the proposed sale of the lender's stressed assets to JC...

Things You Should Know About Prepaid Cards

What is prepaid card A prepaid debit card is like a gift card it has money stored in it which allows you to spend whatever you need. Once the balance is spend...

What is Tokenization and why you should use it

In a world where online fraud and cyberattacks constantly create hurdles in the adoption of digital payments, therefore to prevent online and digital data breaches tokenization is introduced by RBI. However due...

Why is Kuwait’s Currency Dinar Value the Highest in the World?

Kuwait is a small country located between Iraq and Saudi Arabia on the Persian Gulf. Its economy is primarily dependent on oil which makes it one of the wealthiest nations in the...

How has the US Dollar Become the Most Traded Currency in the World?

The USD (United States Dollar) tops the list of most traded currencies. It is issued by the Federal Reserve (Fed). It is the official currency of the United States. It accounts for...

Top 5 Most Traded Currencies in the World

Forex is an abbreviation for Foreign Exchange. It is the transaction of exchanging one currency for another. It can be performed for a variety of reasons, including commercial, tourism, and to enable...

Indermit Gill to be the next Chief Economist of World Bank from India

Indermit Gill will be the second Indian national to become the chief economist of the World Bank, after Kaushik Basu. Gill is currently the World Bank's vice president for equitable growth, finance, and...