Monday, September 28
Post offices across India will start accepting digital payments at counters from August after completing the rollout of a new application in their IT system, official sources said. Post offices have not been able to accept digital payments as they don't have their accounts synced with UPI (unique payment interface) system. "The Department of Posts is implementing its IT infrastructure which will have new applications that are enabled to perform transactions with Dynamic QR Code. Rollout will be completed at all post offices by August 2025," an official source told PTI. Pilot rollout of the new system under IT 2.0 has been started in the Karnataka circle. QR-based booking of mail products was successfully carried out at the Mysore head office (HO), Bagalkot HO and its subordinate offices. I
Union Environment Minister Bhupender Yadav on Friday said the government is unlikely to implement the air conditioner temperature range of 20 degrees Celsius to 28 degrees Celsius anytime soon and that it will be introduced gradually over time.Asked at the India Climate Summit when the new AC temperature range would be implemented, Yadav said any such situation "may arise only after 2050"."I do not think it will happen immediately; capacities will be gradually built for it over time," he said.Yadav said that achieving climate targets must be done in line with national circumstances and the CBDR-RC Common But Differentiated Responsibilities and Respective Capabilities) principle.India's nationally determined contributions (NDCs), or national climate plan, submitted to the UN climate body, e
India's forex reserves declined by $1.02 billion to $697.93 billion for the week ending June 20, data by the Reserve Bank of India showed on Friday.India's foreign exchange reserves stood at $698.95 billion as of June 13, up over $2 billion from the previous week.The forex reserves had touched an all-time high of $704.885 billion in end-September 2024.Typically, the RBI, from time to time, intervenes in the market through liquidity management, including through the selling of dollars, with a view to preventing a steep depreciation in the rupee.The RBI closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive volatility in the exchange rate, without reference to any pre-determined target level or band.
Around 17 equity mutual funds have offered over 20% XIRR on SIP investments in the last 10 years which includes some prominent names such as Parag Parikh Flexi Cap Fund, Quant Small Cap Fund, Motilal Oswal Midcap Fund, Quant Mid Cap Fund. There were around 156 funds in the mentioned time period.The top funds in the list were small cap funds. Quant Small Cap Fund and Nippon India Small Cap Fund offered 25.32% and 23.84% XIRR respectively on SIP investments in the last 10 years. <iframe title="Equity Mutual Funds: Over 20% XIRR in 10 years" aria-label="Split Bars" id="datawrapper-chart-1tl1f" src="https://et-infographics.indiatimes.com/graphs/1tl1f/1/" scrolling="no" frameborder="0" style="width: 0; min-width: 100% !important; border: none;" height="526" data-external="1"&g
