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INDIA WEALTH STATISTICS 2024
Has government changed PPF, NSC, SCSS and other small savings interest rates for July-September 2026 quarter?Small savings scheme interest rates: The Finance Ministry has kept interest rates on all small savings schemes unchanged for the July–Septe...
Best Proverb of the Day: “If a man is proud of his wealth, he should not be praised until...” — The timeless lesson reflected in Ratan Tata's lifeBest Proverb of the Day: Ancient wisdom from Socrates highlights that true worth isn't in wealth, but its impact. Ratan Tata exemplifies th...
Nearly 1 million new millionaires created worldwide in 2025, UBS report findsThe year 2025 saw a striking 10.8% increase in global personal wealth, the highest growth rate in years, unleashing nearly one million new ...
Treat administrative data as national asset: PK MishraIndia's administrative data should be treated as a national asset to enhance policymaking and service delivery, according to Principal Secr...
India's external debt rises to $762.8 billion in FY26, debt-to-GDP ratio climbsIndia's external debt reached $762.8 billion by March 2026, a rise of $26.3 billion year-on-year, pushing the debt-to-GDP ratio to 20.8%. T...
India is plotting a game-changer for RBI, banks, corporates, investorsIndia is planning a high-frequency index to track its vast informal economy, covering millions of unincorporated companies. The proposed Mo...
Economic indicators point to resilient Indian economy despite global headwinds: MoSPI SecretaryIndia's economy is demonstrating remarkable resilience against global challenges, according to Saurabh Garg, Secretary of MoSPI. He highlig...
Sovereign investors with $29 trillion pivot to energy assets, flag dollar fearsGlobal financial giants managing $29 trillion are pivoting towards energy assets and infrastructure, seeking portfolio resilience amidst es...
Plan afoot to create index for unincorporated enterprisesThe index, proposed by the ministry of statistics and programme implementation (MoSPI), will provide insights into the health of the large ...
Heatwave linked to 212 deaths in Spain Sunday-Wednesday: Public instituteSpain is grappling with a severe heatwave, with preliminary estimates suggesting over 200 deaths between Sunday and Wednesday. This follows...
Does hustle culture suit Indians? 7 things to know about building wealth in a rigged system
MoSPI mulls adding coal assets valuation to national accountsIndia's statistics ministry is exploring ways to put a price tag on its non-renewable resources, starting with coal. This move aims to prov...
FundsIndia raises Rs 44.6 crore through maiden secured NCD issueFundsIndia has raised Rs 44.6 crore through its maiden private placement of secured non-convertible debentures, marking its entry into the ...
Service output index to debut next month with FY25 baseIndia is set to launch the Index of Service Production (ISP) next month, a crucial new monthly indicator mirroring the Industrial Productio...
India's asset wealth management AUM projected to reach US$ 1.7 trillion by 2030: PwC reportIndia’s asset and wealth management industry is projected to reach US$1.7 trillion in AUM by 2030, driven by rising retail participation, g...
India to release first-ever monthly index tracking services sector output from July 14India is launching a new Index of Services Production (ISP) to track the services sector's growth, mirroring the Index of Industrial Produc...
MoSPI releases discussion paper to identify apt method to compile coal monetary asset accountsIndia's Ministry of Statistics has released a discussion paper on valuing coal assets monetarily, aligning with UN environmental accounting...
Not money savvy & only getting worse? 7 silent money mistakes draining middle-class India dry
Hit-and-run deaths top 1,000 in Gujarat as road fatalities remain highGujarat's roads are becoming increasingly perilous, with hit-and-run incidents and reckless driving claiming over a thousand lives this yea...
ISRO invites proposals from Indian researchers to study XPoSat Mission dataLaunched on January 1, 2024, the XPoSat, or X-ray Polarimeter Satellite, currently orbits Earth in a near-equatorial orbit at an altitude o...