Saudi Sovereign-Wealth Fund Reveals Funds for First Time Forward of Bond Sale

DUBAI—Saudi Arabia provided a primary look contained in the efficiency of its $600 billion sovereign-wealth fund, disclosing a return that was in keeping with the broader market and revealing that it invested $2 billion in Russian belongings earlier than the struggle in Ukraine. The Public Funding Fund has employed banks to presumably increase billions of … Read more

seventh pay fee: Dearness allowance (DA) more likely to be hiked quickly for central govt staff

Sources have stated that the federal government is more likely to hike the dearness allowance (DA) element for central authorities staff quickly. The hike in DA will profit central authorities staff, central authorities pensioners and household pensioners getting pension from the central authorities. The final time DA was hiked was in March 2022. Throughout this … Read more

10-Yr Treasury Yield Hits 4%

The yield on 10-year U.S. authorities bonds hit 4% for the primary time in additional than a decade Wednesday, the newest leg of a traditionally steep rise that has jolted monetary markets this 12 months. Rising yields have ratcheted up borrowing prices for households, companies and the federal government and have slammed the inventory market, … Read more

5 cash modifications that may come into impact from October 1

RBI card tokenisation As per the RBI mandate, from October 1, 2022, full card quantity, CVV and expiry date and every other delicate data associated to playing cards can’t be saved by retailers for processing on-line transactions. In line with the RBI, “Tokenisation refers to alternative of precise card particulars with an alternate code referred … Read more

Variety of bank cards shrink by 23 lakh in a month

(This story initially appeared in on Sep 28, 2022) MUMBAI: The entire variety of bank cards declined by 22.6 lakh on a web foundation in August this yr to 7.8 crore from over 8 crore within the earlier month resulting from a change within the RBI‘s regulation that required lenders to deactivate playing cards that … Read more

Prime 7 funding choices for senior residents who need common earnings

After retirement, senior residents often search for funding avenues providing mounted returns. Listed below are seven fashionable funding choices that senior residents can take into account for an everyday earnings. A few of these investments additionally supply earnings tax advantages to the traders. Senior Citizen Financial savings Scheme (SCSS) Authorities-backed Senior Citizen Financial savings Scheme … Read more

Financial institution holidays in October 2022: Banks can be closed for 21 days in October, test the total vacation listing right here

October is a festive month in India since it’s marked with vital celebrations and holidays. In October we’ve the festivals of Durga Puja, Deepawali, Laxmi Puja, Karva Chauth and lots of extra. On the second Saturday and Sunday of every month, all personal and public banks are formally closed. Banks can be closed for 21 … Read more