Author: admin@thebankingtimes.in
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India’s Unemployment Rate at 5.6% in May 2025, Urban Women Face Highest Joblessness: PLFS
📅 Date of Report: May 2025📌 Source: Periodic Labour Force Survey (PLFS), Monthly Report Overview: The unemployment rate (UR) in India for individuals aged 15 years and above stood at 5.6% in May 2025, according to the latest PLFS-CWS data released by the Ministry of Statistics and Programme Implementation. The survey captures short-term employment trends…
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🟡 Sovereign Gold Bond 2017-18 Series XII: Premature Redemption Price Announced for June 18, 2025
📅 Date of Update: June 17, 2025💰 Redemption Price: ₹9,919 per unit What’s the Update? The Reserve Bank of India (RBI) has announced the redemption price for investors who wish to prematurely redeem their Sovereign Gold Bond (SGB) 2017-18 Series XII on the upcoming due date – June 18, 2025. According to the Government of…
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🏦 Important Banking Update for Bankers : Key Decisions from Conciliation Meeting Held on 17th June 2025
📅 Date of Update: June 17, 2025🗂️ Source: Ministry of Labour & Employment – Office of Chief Labour Commissioner (C)📝 F. No. 21(17)/2025-IR The Ministry of Labour & Employment, under the Office of the Chief Labour Commissioner (Central), held a key conciliation meeting on June 17, 2025 (F. No. 21(17)/2025-IR) to address several unresolved issues…
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Jumped Deposit Scam: NPCI Clarifies Misconceptions & Ensures UPI Remains Safe
Recently, some news reports and social media posts have raised alarms about a new form of digital fraud termed the “Jumped Deposit” scam, supposedly targeting UPI (Unified Payments Interface) users. These reports have caused confusion and fear among users who rely on UPI for fast and secure digital transactions. To address this concern, the National…
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💳 RuPay JCB Launches 25% Cashback Offer Across 8 Asian Countries for Indian Travellers!
Mumbai, June 16, 2025 — In a big boost for Indian international travellers, RuPay, India’s indigenous card payment network, in collaboration with JCB International Co. Ltd. (Japan’s leading global payments brand), has rolled out an exclusive 25% cashback offer for RuPay JCB Debit and Credit cardholders. This limited-time offer is valid for in-store purchases (i.e.,…
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GIFT City: Changing the Financial Landscape of India
What is GIFT City? GIFT City, located in Gandhinagar, Gujarat, is India’s first International Financial Services Centre (IFSC). It’s designed to rival global financial hubs like Singapore, Dubai, and London. The city operates with regulatory flexibility, world-class infrastructure, and a special legal and tax framework to attract international and domestic investors. How is GIFT City…
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India’s Capital Markets Surge in 2024–25: Equity, IPOs, and Mutual Funds Break Records
India’s capital markets witnessed a robust revival in 2024–25, marked by a sharp uptick in equity fund mobilisation, record-breaking IPO activity, and strong investor participation in mutual funds. Equity Market Momentum Doubles Resource mobilisation in the primary segment of the equity market witnessed a dramatic surge. Funds raised through preferential allotments and qualified institutional placements…
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Income Tax Filing AY 2025-26: Excel Utility vs Common Offline Utility – What Taxpayers Must Know
June 2025 – Two weeks after opening the income tax return (ITR) filing window for Assessment Year (AY) 2025–26, the Income Tax Department released the Common Offline Utility (COU) on June 10, enhancing the offline filing experience for taxpayers. This utility is part of a phased rollout strategy by the department to ensure smoother adoption…
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Introduction to Cheque Bounce Charges
In our daily financial dealings, cheques remain one of the most widely used and trusted methods for making payments, especially for larger transactions. But what happens when things don’t go as planned? What if the cheque you issue or receive bounces? It can be a frustrating situation for both parties involved, but more importantly, it…
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Pearl Kapur: India’s Youngest Billionaire at 27
Born in Punjab in 1997, Pearl Kapur has rapidly ascended the entrepreneurial ladder to become India’s youngest billionaire. With a Master’s degree in Investment Banking from Queen Mary University of London, Kapur’s journey is a testament to innovation and strategic foresight. 🚀 Founding Zyber 365 Group In May 2023, Kapur founded Zyber 365 Group, a…