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Understanding of Intraday Trading. Generally, individuals are not able to earn gains because they not selecting the appropriate stocks for their portfolio.
Therefore, as a trader for trading in a day, it becomes more important to know that how to pick the right stocks to succeed. In other words, Traders base their profits on different kinds of purposes. E-Voting System of NSDL for Shareholders. What is e-Voting?
An e-Voting is voting via an electronic system where shareholders can vote on resolutions of companies requiring voting via Postal Ballot as per extant rules and regulations without having the necessity of sending their votes by post. MCA (Ministry of Corporate Affairs) has authorized NSDL for setting up an electronic platform to facilitate shareholders to cast votes in electronic form. Thus, NSDL has set-up an electronic infrastructure to facilitate shareholders to cast votes in electronic form via the internet. Pradhan Mantri Shram Yogi Maandhan Yojana.
Pradhan Mantri Shram Yogi Maandhan (PMSYM) is a central government scheme that is for old age protection and social security of Unorganized Workers (UW).
Contribution by the UW Subscriber: Via ‘auto-debit’ facility from their savings bank account or Jan- Dhan account from the date of joining PMSYM till the age of 60 years. The Central Government will also give an equal matching contribution in their pension account. There are approximately 42 crores, such as Unorganized workers, in the country. Mostly Unorganized Workers (UW) are engaged as home-based workers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washermen, rickshaw pullers, landless laborers, own-account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather workers, audio-visual workers or workers in similar other occupations. Note: Family pension is applicable only to a spouse. Aadhaar not mandatory for birth, and death registration. The Registrar General of India (RGI) has clarified in a recent reply to an RTI request that the provision of Aadhaar is not mandatory for the registration of births and deaths.
As per the RGI circular cited in the RTI response that If Aadhaar is provided voluntarily, it must not be printed on any document or stored in any database of births and deaths in full form. Visakhapatnam-based advocate M.V.S. Anil Kumar Rajagiri had filed an RTI request asking whether Aadhaar was mandatory for the registration of death or not. What happens if you pay only the minimum amount of your Credit Card? From the last few years usage of Credit Cards are increased day by day in India.
Credit Cards attract more consumers swiftly because with the usage of Credit Cards cardholders avails many offers such as online discounts, cash backs, and rewards points along with the internet-free credit period. The Central Bank of India Launches RuPay Select Contactless Debit Card. In collaboration with the NPCI (National Payments Corporation of India), the Central Bank of India has launched a variant of a contactless debit card called ‘RuPay Select.’
The Central Bank of India has launched the contactless Debit Card ‘RuPay Select’ on the occasion of Bank’s Foundation Day. The RuPay Debit Select Card will focus on customers’ lifestyle, fitness, nutrition, and personal care. The cardholders of the Central Bank RuPay Select Debit card will be able to avail of complimentary membership and concessional access to golf courses, gyms, spas, and restaurants. In also addition, they would be entitled to discounted health check-ups with this NCMC (National Common Mobility Debit Card). These cards also come with features like facilitating offline transactions in both transits as well as retail purchases. Further, the bank also launched another customer utility product such as FASTAG in association with OSTA. Next week RBI conducts 3rd Open Market Operations purchase of State Developments Loans. On 23rd December 2020, the RBI will conduct the 3rd auction of State Developments Loans (SDLs) aggregating ₹ 10,000 crore under the Open Market Operations (OMO).
Whereas, the result of the auction also will be announced on December 23 itself. The RBI has conducted two Open Market Operations in State Development Loans covering all states/UTs for a cumulative amount of ₹ 20,000 crore. In October the first-ever auction under OMOs in SDLs was conducted, and the second was in November. RBI said in a statement that “It has now been decided to conduct another purchase auction of SDLs under Open Market Operations (OMOs) for an aggregate amount of ₹ 10,000 crore on December 23, 2020.” The central bank will purchase the SDLs via a multi-security auction using the multiple price method. On WhatsApp with the help of a chat app, SBI General Insurance Plans to offer affordable health cover soon. In India, WhatsApp is set to be entered into the insurance business.
Payments feature of WhatsApp is now available to users nationwide. The Company said that “it expects to facilitate the purchase of “affordable sachet-sized” health insurance via its platform by the end of the year as part of its efforts to provide users in India with greater access to financial solutions.” There are currently up to 20 million WhatsApp payment users with support from banking partners such as SBI, HDFC, ICICI, and Axis Bank. WhatsApp India Head Abhijit Bose was quoted by PTI as saying at the Facebook Fuel for India 2020 event, “WhatsApp is deeply committed to India with over 400 million active users, this is our largest market. Our primary focus will always be to provide the most simple, reliable, private, and secure experience for people to connect. WhatsApp has designed its payments feature on NPCI (National Payments Corporation of India’s), and UPI (Unified Payment Interface) system. SBI Life launches 'Smart Future Choices' insurance saving product - Funds Instructor.
Kisan Credit Card Loan Scheme - Funds Instructor. The Kisan Credit Card (KCC) scheme was launched in 1998 to provide short-term formal credit to farmers and it was created by NABARD (National Bank for Agriculture and Rural Development).
The scheme was launched by the Government of India To fulfill the credit requirement for farmers in some necessary fields such as agriculture, fisheries, and animal husbandry sectors. The scheme helps farmers to avail short term loan, and provide them some credit limit that helps them to purchase equipment, and helps them to meet their other many expenses.
The KCC scheme saves Indian farmers from the high rate of interest charged by the local money lenders. Jeevan Pramaan Patra - Funds Instructor. After retirement, most of the senior citizens are dependent on pensions, which is the sole mode of income for many retired persons.
Both Central and State Government employees are also getting a pension on monthly basis after retirement. Therefore, to encourage financial independence after retirement, the Government introduced various sponsored pension schemes to help individuals build a retirement corpus. How to read your NPS Statement? - Funds Instructor. Investors get a transaction statement by email every month like the consolidated monthly account statements for their investments in shares and mutual funds, and the statement tells them how their NPS investments fared. Sometimes investors opt for online transactions while investing in NPS and the monthly statement sent to them can be used for record-keeping. Here Funds Instructor tells investors how do they must read their NPS statement and understand what’s happened with their investments. IndiaFirst Life launches Guaranteed Protection Plan - Funds Instructor.
IndiaFirst Life Insurance Company has announced to launch of the IndiaFirst Life Guaranteed Protection Plan. The company services its customers in over 98% of pin-codes across nationwide. The IndiaFirst Life Insurance Company offers 7 plan options under the IndiaFirst Life Guaranteed Protection Plan, and an individual can select any of the options as per their requirement. For digital transformation, the LIC Housing Finance unveils Project RED - Funds Instructor. With the aiming to do 95% of work by the digital mode, mortgage lender LIC Housing Finance has launched Project RED (Re-imagining Excellence through Digital Transformation). The lender has engaged Boston Consulting Group (BCG) as its consultant for this project, and the company plans to implement it in the next 21 months. The company expects double-digit growth in the current financial year. Siddhartha Mohanty, MD, and CEO said that “September was the best compared to any other September.
I believe this momentum will continue till November due to the festive season.” PNB launches a campaign Gram Sampark Abhiyan - Funds Instructor. Banks sanctions ₹ 1.86 lakh crore to 50 lakh MSMEs under the Credit Guarantee Scheme - Funds Instructor. SBI tied up with HUL for easy credit access and payment solutions to retailers - Funds Instructor. On 1st October, 2020 India’s largest public-sector lender SBI, and packaged consumer goods company HUL (Hindustan Unilever Limited) announced a partnership to enable credit access to small dealers, retailers, and customers. As well as the partnership among both will also offer digital payment solutions for small store owners and distributors of the company’s products.
After the tie-up with SBI, HUL’s retailers will be able to avail credit facility through HUL’s ‘Shikhar’ app. HUL’s Shikhar app is an online ordering platform that is designed for its retailers. Understanding of LIC Pradhan Mantri Vaya Vandana Yojana - Funds Instructor. Know about money market. #Equityshares. #meritdemerits #stock. #Bullsmarket #Bearmarket. #stocks. #fundsinstructor #investment. #fundsinstructor #Aboutus.