NATIONAL STRATEGY FOR FINANCIAL INCLUSION
Putin’s advisor warns of US conspiracy to wipe out $35 trillion debt using crypto and gold market
Anton Kobyakov, a Putin advisor, alleges the U.S. is manipulating cryptocurrency and gold markets to alleviate its $35 trillion national debt. He claims Washington aims to "rewrite the rules" to position these assets as alternatives to the traditional currency system, addressing declining trust in the dollar. Kobyakov warns this strategy could destabilize global finance.
Hood stock surges 14% as Robinhood joins S&P 500: Analysts are bullish – suggesting strong buy
Robinhood stock surged 14% after the trading app pioneer joined the S&P 500 index. Once known for meme stock volatility, Robinhood has rebuilt trust with investors through strong crypto trading, options growth, and interest income.
President Xi Jinping calls for united response by BRICS countries to face Trump's trade challenges
President Xi Jinping urged BRICS nations to unite against US trade policies, which he believes disrupt the global economy and undermine international trade rules. He called for upholding multilateralism, promoting democracy in international relations, and increasing the voice of Global South countries. Xi also highlighted his Global Governance Initiative and emphasized open cooperation for shared opportunities and win-win outcomes.
PGIM India AMC partners with Cybrilla to bring mutual funds on ONDC platform
PGIM India Asset Management has partnered with ONDC and Cybrilla Technologies to expand mutual fund access across India. The integration aims to empower distributors, lower costs, and introduce innovative formats like daily SIPs, reinforcing PGIM’s mission of financial inclusion and democratizing investments, especially for smaller towns and rural investors.
Gold falls Rs 200 to Rs 1,07,670/10 g, silver declines Rs 1,000 in Delhi markets
Gold prices on Monday retreated from record levels to trade at Rs 1,07,670 per 10 grams, down by Rs 200, in the national capital due to fresh selling by stockists, according to the All India Sarafa Association.
NPCI grants TPAP approval to Viyona Fintech
This milestone enables Viyona to offer Unified Payments Interface (UPI) services in collaboration with partner banks, further strengthening India's expanding digital payments ecosystem, Viyona Fintech said in a statement.
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No family wealth? CA shares how to build generational wealth with just few 'boring' habits
Nitin Kaushik shared tips on building wealth without family money. He advises prioritizing survival over status. Avoid luxury early and invest in assets like land or gold. Think generationally, not quarterly. Protect wealth and build systems for passive income. Mastering budgeting and investing is key. Anyone can leave behind an empire with these habits.
Quess adds 1.33 lakh new formal jobs, 23% includes women: Pulse report
India's formal economy is expanding, with record EPFO enrollments driven by young workers, as revealed by Quess Corp's report. Female labor force participation is rising, particularly in IT and ITeS sectors. Retail, BFSI, and telecom are key employment sectors, while states like Madhya Pradesh show strong workforce stability. Policy changes and infrastructure improvements are crucial for sustained growth and inclusivity.
Global impact investor Accion closes $61.6 million second fund, aims to allocate 30% to Indian startups
This is the second fund for Accion Venture Lab, which has invested in Indian fintech startups such as MSME lending company Aye Finance, consumer lending startup Olyv (previously Smartcoin), and fintech infrastructure startup Transbnk, among others.
India, Israel to sign bilateral investment treaty this week
Israeli Finance Minister Bezalel Smotrich's upcoming visit to India aims to strengthen economic ties, with the signing of a bilateral investment treaty (BIT) expected. This BIT seeks to protect investors and boost confidence through assured treatment and dispute resolution. Discussions will also lay the groundwork for a free trade agreement (FTA) to further enhance trade between the two nations.
Is range-bound trade set to continue for Nifty this week?
Indian stock market witnessed Nifty rebounding from 24,400, yet facing resistance near 25,000. Analysts suggest stock-specific strategies due to expected volatility. A breakout above 25,000 could propel Nifty towards 25,500, while support lies at 24,400. Metal and consumption stocks show promise, IT and financial stocks are currently under selling pressure.
India cautions SCO against misuse of export measures
India cautioned against weaponizing export measures at the SCO trade ministers' meeting, emphasizing the need for fair trade practices and a functional WTO. India highlighted diversifying supply chains, addressing trade imbalances, and ensuring climate measures don't discriminate. The nation also proposed SCO workstreams for the digital economy and spotlighted the AVGC sector's potential.
India reaffirms commitment to WTO-centred, fair trade system at SCO Trade Ministers' Meeting
India stressed the scope to leverage the Shanghai Cooperation Organisation's (SCO) collective strengths for shared prosperity at the SCO Trade Ministers' Meeting held in Vladivostok and highlighted the need for export diversification, reducing dependency, and building resilient supply chains, the Ministry of Commerce and Industry said in a statement Sunday.
GST Council's decision to simplify tax structure will make taxation more 'transparent': IOB
The Goods and Services Tax (GST) council is set to simplify the tax structure. This move aims to make taxation more transparent. Indian Overseas Bank anticipates a boost in rural consumption by 8-10 percent. Increased demand is expected across various sectors. Farmers will benefit from reduced costs on agricultural products. Price cuts on essentials will provide relief to consumers.
PNB signs Rs 21,000 cr MoU with Rajasthan govt under Rising Rajasthan initiative
Punjab National Bank (PNB) has committed Rs 21,000 crore to Rajasthan's Rising Rajasthan initiative, aiming to boost socio-economic progress through its extensive network and digital resources. During a visit to Jaipur, PNB's MD & CEO, Ashok Chandra, distributed 2,000 loan sanction letters to women entrepreneurs and emphasized digital adoption, financial inclusion, and fraud prevention.
Centre issues draft standards to make everyday products accessible for people with disabilities
The government is drafting accessibility standards for everyday items. This includes kitchenware, furniture, and grooming products. The goal is barrier-free access for persons with disabilities. The standards cover 20 categories. They include braille, tactile features, and clear labeling. The framework follows the 'POUR' approach. Products must be Perceivable, Operable, Understandable, and Robust. The government will offer incentives for compliance.
Niti Aayog recommends strategies to double India's pulses production by 2047 and self-sufficient by 2030
Niti Aayog suggests ways for India to become self-reliant in pulses. The goal is to double pulse production by 2047. Production may reach 34.45 million tonnes by 2030. By 2047, it may further rise to 51.57 million tonnes. The plan includes better farming methods and technology. Focus is on high-quality seeds and climate-smart practices.
'I am not willing to believe it': Mahmood Madani slams foreign narrative of Muslim 'genocide' in India
Mahmood Madani, president of Jamiat Ulema-e-Hind, dismissed foreign narratives of Muslim genocide in India. He credited civil society for preventing unrest after the Pahalgam attack. Madani praised law enforcement's increased professionalism and advocated for inclusivity. He endorsed India's disengagement policy with Pakistan, citing a lack of benefit from past engagement.
RBI panel on financial stability reviews US tariff impact, financial inclusion efforts
The Financial Stability and Development Council convened to address potential economic challenges arising from US tariffs and geopolitical tensions. Discussions centered on simplifying KYC procedures and advancing financial inclusion initiatives outlined in the National Strategy for Financial Inclusion 2025-30. The council emphasized coordinated regulatory efforts to bolster financial sector resilience and closely monitor emerging risks.
AMFI announces appointment of new Chairman and Vice Chairman
AMFI has appointed Sundeep Sikka as its new Chairman and Vishal Kapoor as Vice Chairman, effective immediately. The leadership change follows the tenure of outgoing Chairman Navneet Munot and Vice Chairman Anthony Heredia, as the industry body continues its work on investor protection and mutual fund growth.
Why a family’s Rs 18 lakh yearly expense today could rise to Rs 1.37 crore in 30 years. CA shares formula to beat inflation
Chartered Accountant Nitin Kaushik highlights how inflation can erode wealth, even for affluent families, using the example of a Surat business family whose expenses could increase 7.6x in 30 years. He emphasizes that financial security isn't just about current income but about strategic planning, building assets, and diversifying income to outpace inflation and maintain lifestyle.
Centre notifies Unified Pension Scheme rules
The Centre has announced rules for the Unified Pension Scheme (UPS) for central government employees opting for it under the National Pension System (NPS). The Central Civil Services (Implementation of the Unified Pension Scheme under the National Pension System) Rules, 2025, will regulate service matters, including enrollment, switch facility, and contributions.
Anand Mahindra calls for ‘more reforms to unleash consumption and investment’ after GST rate cuts
On Wednesday, Finance Minister Nirmala Sitharaman unveiled major changes to the GST structure, reducing taxes on a range of items spanning essentials, automobiles, farm inputs and electronic goods. Branded as the “Next-Gen GST Reform,” the decision was pitched as a Diwali gift that would lower household expenses, ease business costs and stimulate wider economic activity.
Bengaluru proofreader, a class 10 passout, builds ₹1 crore corpus, now earns ₹60K a month without working
A Bengaluru proofreader's retirement story inspires many. He accumulated over ₹1 crore in 25 years through consistent savings. He lives debt-free and maintains a simple lifestyle. His investments generate a monthly passive income. He credits his success to frugality and discipline. He believes patience is essential for building wealth. His story highlights the power of long-term financial planning.
Vishakha Mulye named Aditya Birla Capital's new MD & CEO for five years
Aditya Birla Capital has appointed Vishakha Mulye as its new MD and CEO, effective September 1, for a five-year term. Mulye's 'One ABC, One P&L' strategy has driven growth and profitability, focusing on digital transformation and simplified finance. Rakesh Singh has also been appointed as Executive Director and CEO (NBFC), expanding the company's lending and wealth management solutions.
Use of advanced tech can play key role in addressing speech, hearing disabilities: President Murmu
President Droupadi Murmu on Monday emphasised that the use of advanced technologies can play a key role in addressing speech and hearing disabilities. Murmu highlighted that AIISH, as a national institute, should continuously strive to serve as a role model for similar institutions in India and abroad.
Quantum Mutual Fund collaborates with ONDC to widen access to mutual funds
Quantum Asset Management has joined the ONDC network to simplify mutual fund distribution. The move enhances financial inclusion by enabling seamless investor access to products via existing buyer apps, particularly in underpenetrated rural markets.
In China, SCO member states formally adopt India's vision of "One Earth, One Family, One Future"
The declaration unveiled “a common vision of the idea of creating a community of shared future for mankind” and encouraged dialogue around India’s G20 slogan, “One Earth. One Family. One Future.” SCO Member states called on the wider international community to join the SCO’s Initiative “On Global Unity for a Just World, Harmony and Development.” The leaders reaffirmed that cooperation must be based on mutual respect, equality, justice and “mutually beneficial cooperation.”
India to become world's third largest economy soon, says RBI Governor Sanjay Malhotra; hails PM Jan Dhan Yojana
RBI Governor Sanjay Malhotra stated that India is poised to become the world's third-largest economy, attributing this growth to the Pradhan Mantri Jan Dhan Yojana. He highlighted the scheme's success in opening 55 crore accounts, fostering financial inclusion and enabling citizens to participate in the nation's economic progress. India's recent GDP growth of 7.8% further supports this positive outlook.
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