Finance – THE ECONOMIC INDIA

06 Aug

VT Markets Redefines Gold Trading Hours with Launch of XAUUSD247

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New product lets clients trade gold CFDs 24 hours a day, seven days a week, with lower costs and built-in risk controls New Delhi [India], August 6: VT Markets today announced XAUUSD247, a gold CFD product letting eligible clients trade gold around the clock, including weekends and selected market holidays, subject to product availability. The launch builds on VT Markets’ Bold as Gold campaign, introduced in June 2026 to establish a new benchmark in gold trading. The introduction of XAUUSD247 is the next step under this overall campaign, built around the fact that gold markets move even when trading hours are closed. “Gold doesn’t…

06 Aug

Why Registered Chit Funds Are Becoming a Preferred Financial Planning Option in Kerala

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Kochi (Kerala) [India], August 6: As financial priorities evolve, individuals look for alternative ways of savings apart from the traditional methods. People are looking for financial solutions that not only promote regular saving habits but also help them gain access to their money when they need it for planned and unplanned expenses. In today’s changing financial scenario, Registered Chit Funds have proved to be one of the most reliable choices for Financial Planning. The growing popularity of Chits in Kerala can be attributed to the way they help people in making savings in a disciplined manner while fulfilling different financial…

04 Aug

Jainam’s ‘Kal Jaante Hain, Kal Banaate Hain’ Cuts Through the Noise of an Always-On Market

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The two-film campaign brings alive how investors and traders navigate a world of constant signals, opinions and information, reinforcing the value of perspective and understanding Surat (Gujarat) [India], August 3: Jainam, an end-to-end financial services company, has launched its first brand campaign under its transformed brand identity, titled ‘Kal Jaante Hain, Kal Banaate Hain’. The two-film campaign explores the everyday experience of participating in financial markets, where investors and traders encounter multiple voices, signals, opinions and directions. Rooted in slice-of-life situations and everyday conversations, such as discussions at chai tapris and during daily commutes to conversations in offices and other…

01 Aug

India’s gross GST collections reach ₹2.11 lakh crore in July on account of stronger domestic, import collections

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India’s gross Goods and Services Tax (GST) collections have reached ₹2,11,000 crore (₹2.11 lakh crore) in July 2026, marking a 15.4% year-on-year growth. For the government, this represents the fastest growth rate in 14 months, and the second time in the current financial year when monthly GST inflows crossed the ₹2 lakh crore milestone. This surge has come on the back of tax revenues from imports, along with steady domestic economic activities. Breakdown of July 2026 Revenue The total domestic GST revenues (gross) have increased 10.1% year on year to ₹1.45 lakh crore (increasing from ₹1.31 lakh crore in July…

31 Jul

Building Credit From Scratch: A Young Indian’s Guide to a Healthy Score

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Mumbai (Maharashtra) [India], July 31: Rohit was just 23 when a bank in Pune rejected his two-wheeler loan application. He had a steady IT job, no debts, and enough savings for the down payment. But the guy had zero credit history. To the bank, he wasn’t a bad risk — he was invisible. This kind of rejection happens a lot more than people think, which brings up the weird truth about the credit system: you need credit just to get any credit in the first place. In India, there’s that three-digit credit score, usually the CIBIL score, which lands anywhere…

30 Jul

How Villages Are Getting Access to Loans Through Their Phones

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Mumbai (Maharashtra) [India], July 30: Picture this: somewhere in a village, a farmer, a tailor, or a small shopkeeper grabs their phone — nothing fancy, just a basic one — pokes a few buttons, and boom. Money pops into their account. No need to hunt for a bank branch, fill out stacks of paperwork, or stand sweating in a long queue. Instead, all it takes is a phone, a signal, and a credit score that gets built quietly in the background. That’s not just some tech fantasy. It’s everyday life now for millions in rural Kenya, India, Bangladesh, and the…

29 Jul

Debt, Discipline, and Dreams: The New Financial Playbook for Young India

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Mumbai (Maharashtra) [India], July 29: Puva never planned on racking up debt for a concert. She’d already missed Coldplay in Mumbai, and honestly, that bugged her. So when tickets for Ahmedabad popped up two days later, she grabbed her bag, messaged a friend, and just went. The wristbands were glowing in sync with the music, the phone lights flooded the crowd, and the rush of being part of it all—she put every bit of it on a BNPL app, split into four easy chunks. It didn’t feel like debt. It felt like freedom. Like she’d made the right call for…

28 Jul

India’s GDP Growth Projected Between 6.8-7.2% for 2026: Finance Ministry Officials

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Mumbai (Maharashtra) [India], July 28: When the Economic Survey hit Parliament this year, it tossed out a number that quietly put a lot of nerves at ease: 6.8 to 7.2 percent. That’s where the Finance Ministry expects India’s growth to land for FY27, which kicks off next April. Not exactly earth-shattering, but it says a lot about the country’s ambitions—India, still the world’s fastest-growing big economy, wants to stick to a steady pace, even as the global outlook gets more unpredictable by the day. Why does this number matter? Well, look at what came before it. The fiscal year that’s…

27 Jul

Top Benefits of Switching to a Digital Zero Balance Savings Account

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New Delhi [India], July 27: Banking habits have changed significantly over the past few years. Many customers who once relied on traditional Savings Accounts now prefer digital banking solutions that offer greater convenience, flexibility, and accessibility. If you currently use a traditional account with minimum balance requirements, switching to a Digital Zero Balance Savings Account may better align with your everyday banking needs. With online account opening, digital banking services, and simplified account management, a Zero Balance Savings Account can make routine banking more convenient while reducing the need for branch visits. Before making the switch, it is helpful to…

23 Jul

Can a Credit Card Improve Your Credit Score?

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New Delhi [India], July 23: Your credit score is a reflection of how well you manage debt. It is a number from 300 to 900 that lenders and credit card issuers evaluate to determine whether they can offer you a loan or credit card. If you don’t have a credit score, you need to take on some form of debt to begin credit activity. If you have built a decent score and wish to improve it, one of the ways is using your credit card. Credit Card and Credit Score: The Correlation In order to acquire a credit card, you…