Pravasi Bharatiyas are ‘brand ambassadors’ of India on foreign soil, says PM Modi
Prime Minister?Narendra Modi?on Monday described Pravasi Bhartiyas as the “brand ambassadors” of India on foreign soil and said they have a significant place in the journey of the country as it enters the ‘Amrit kaal’ of the next 25 years. He was speaking after inaugurating the 17th edition of the?Pravasi Bharatiya Divas?convention in Madhya Pradesh’s Indore city.
“I consider Pravasi Bharatiyas as brand ambassadors of India on foreign soil. Your role is diverse. You are the brand ambassador for yoga, Ayurveda, cottage industry, handicrafts and also millets,” Modi said. “The GenNext Pravasis are also curious to know about the country of their parents’ origin,” he said.
Underground Mumbai Metro 3: 60 percent of track laying work completed, says MMRC
Nearly 60 per cent of track laying work on the underground?Mumbai Metro?Line 3 (Colaba-Bandra-SEEPZ) under Phase 1 has been completed, says the Mumbai Metro Rail Corporation (MMRC), which is implementing this line.?
According to MMRC, 82 per cent of progress in overall Phase 1 of the project has been finished, reported The Indian Express.
Mobility digital card to replace manual ticketing at DTC and cluster buses soon!
Soon Delhi Transport Corporation (DTDC) buses will get digital tickets. Officials said that the Delhi government will soon roll out digital ticketing solutions for all its bus services from Delhi Transport Corporation (DTC) to Delhi Integrated Multi-Modal Transit System (DIMTS) operated buses
Officials informed that the project aims to replace the manual ticket process with a digital and contactless system. Tenders for the project were opened on January 8, the Indian Express reported. The tender process involves supplying and operating electronic ticket machines for the first phase of the project. It also provides smart cards for purchasing tickets.
US stocks outperform Indian equities by nearly 310 basis points CAGR over the last 10 years
The decade of 2013-22 belonged to US equities (S&P500) followed by Indian equities (Nifty50) and Developed Markets (MSCI DM). US equities (S&P500) have given staggering returns of 15% CAGR for a period of the last 10 years, which is much higher when compared with the Nifty 50 and MSCI DM of 11.9% and 11.4%, respectively. These findings are from the report titled, The Alpha Strategist by Motilal Oswal Private Wealth.
This showcases that US equities returns have outperformed Indian Equities by nearly 310 basis points CAGR over the last 10 years. The compound annual growth rate (CAGR) is the average annual rate of growth over two time-period or two years.
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2023 MG Hector revealed: Gets level-2 ADAS, India’s biggest touchscreen?
MG Motor India has unveiled the next-generation Hector SUV with a bunch of features, design language and the biggest touchscreen infotainment screen in India. It will be available in 5, 6, and 7-seater options in 7 body paint options including an exclusive shade of brown. While it has retained the powertrain options of the previous generation, the new Hector gets level 2 Advanced Driver Assistance Systems (ADAS) technology with 11 features including traffic jam assist, adaptive cruise control and auto turn indicators.
Re-KYC for Bank Account: Is it mandatory? What RBI says
Periodic updation of KYC details of customers is mandatory for banks. The Reserve Bank of India (RBI) has, however, simplified the process for the periodic updation of KYC (re-KYC). In a statement dated January 5, the RBI reiterated the need for period updation of KYC details of customers and the ways in which they can do that.
How Budget 2023 can help salaried employees: HRA, Tax Slab, 80C to 80D deductions – 5 points
Budget 2023 expectations of salaried employees: Budget 2023 can play a big role in improving the lives of salaried employees, who are also one of the largest groups of taxpayers in the country. Experts say it is a great opportunity for the Government to announce some long-pending revisions in Income Tax Rules that will contribute to the ease of living for salaried employees.
With just a few weeks left for Union Budget 2023, salaried employees are expecting some big tax relief announcements in view of the rising cost of living. While the details of Budget 2023 will be known only on February 1, we talked to some experts as to how Budget 2023 can help salaried employees. Here are the 5 points they suggested.
Three tips to manage your emergency fund effectively
A financial emergency can have a devastating impact on your life. Without adequate prep, such an event can lead to a heavy loss of wealth and investments, spoil your credit score, and leave you ill-equipped to achieve crucial financial goals. An adequate emergency fund is an effective tool that can cushion your finances against the impact of a financial crisis. While an emergency fund is essential, managing it well is equally important.
Here are some tips you can consider to manage your emergency fund efficiently.