The Unified Pension Scheme (UPS), which comes into effect from April 1, 2025, is a major change in India’s pension system for Central Government employees. This new scheme is focused on offering a guaranteed monthly pension to employees, giving them more financial security after retirement. Unlike the existing National Pension System (NPS), where returns depend … Read more
The Government of India is planning a big update to the pay structure of central government employees through the upcoming 8th Pay Commission. One important part of this update is the proposed fitment factor of 2.86. This fitment factor is a number that helps calculate the new salary based on the old one. Simply put, … Read more
As India moves toward a cleaner, greener future, the role of solar energy has become more prominent than ever. In line with this national shift, Punjab National Bank (PNB), one of India’s largest public sector banks, has launched the PNB Solar Rooftop Loan 2025. This scheme is part of a broader strategy to support the … Read more
The Reserve Bank of India (RBI) plays a critical role in ensuring financial stability, promoting secure banking practices, and adapting the financial system to evolving economic and technological realities. In 2025, the RBI introduced a comprehensive set of regulatory updates aimed at strengthening the oversight of financial institutions, supporting responsible lending practices, modernising currency management, … Read more
The year 2025 has brought a new wave of reforms in the Indian personal loan sector. With rapid digitization, increased demand for instant credit, and rising concerns over defaults in unsecured lending, the Reserve Bank of India (RBI) has taken proactive steps to ensure consumer protection and financial system stability. The new personal loan rules … Read more
The year 2025 brings significant updates in the world of credit cards. These updates range from fee adjustments to changes in reward structures and eligibility criteria. Consumers in India, the US, and other major markets will need to stay updated with these changes to avoid unnecessary charges and continue gaining maximum value from their credit … Read more
India is home to millions of families who cannot afford even basic medical treatment. For them, a single health emergency can result in long-term debt or loss of life. To solve this, the Indian government introduced a free health insurance scheme known as the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY). This card is … Read more