The Government of India will present the Interim Budget on 01 February 2024. Why is it an Interim Budget and not an Annual Budget?
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Pig butchering scam involves fattening the victim before butchering. Scammers gain the trust of users by using fake profiles. They use the pretense of love and friendship to gain the trust of users and then induce them to send money for jobs and high-return investments and steal the money.
Remember Yes Bank’s AT1 bonds that were written off when the RBI forced a reorganization of the bank in 2020? Many elderly people lost their retirement savings in AT1s. AT1 bonds are pseudo-equity bonds. They pay higher coupons than regular bonds or FDs. However, when a bank suffers losses, AT1 bonds are the first ones […]
Today, 29 September 2023, is an unusual day in the financial markets. It is a trading day for all financial instruments but a settlement holiday for some. Quarter-end has added to the confusion. Why so? The Government of Maharashtra moved the public holiday for Eid-e-Milad from 28th September to 29th September. So, the Clearing Corporation […]