1. RBI’s New Monetary Policy Team

What’s New?

A new team (MPC) was formed on 1 October 2024 to manage India’s money policies.

Who’s in the Team?

RBI Governor (Leader)
RBI Deputy Governor (Monetary Policy Expert)
3 External Members: Prof. Ram Singh (DSE), Shri Saugata Bhattacharya (Economist), Dr. Nagesh Kumar(Institute for Studies in Industrial Development)
Term: 4 years

2. NPS Vatsalya: Pension for Kids 👧👦

What is it?
A pension plan for children to start saving early.

Key Features:

Who can join? Kids below 18 (including NRIs/OCIs).
Minimum Payment: ₹1,000/year.
Withdrawal Rules:
Before 18: Take 25% (only in emergencies).
At 18:
- 20% cash + 80% pension (if savings > ₹2.5 lakh).
- Full cash (if savings < ₹2.5 lakh).

How to Join?

Online: Use eNPS portal → Choose ‘NPS Vatsalya’.
Offline: Visit banks like SBI, HDFC, etc.

Goal: Teach kids to save for the future! 🚀

3. GIFT IFSC: List Your Company Globally 🌍

What is GIFT IFSC?
A financial hub in Gujarat for Indian/foreign companies to raise funds globally.

Benefits:

List shares/bonds on international markets.
Tax savings and fast approvals.
Great for startups and tech firms.

Rule: Companies must sell 10% shares to the public.

4. New Tax Rules 2024 💸

Income (Yearly)	Tax Rate
Up to ₹3 lakh	0%
₹3–7 lakh	5%
₹7–10 lakh	10%
₹10–12 lakh	15%
₹12–15 lakh	20%
Above ₹15 lakh	30%

Extra Benefits:

Salaried people: Save ₹75,000 (standard deduction).
Family pension: Save ₹25,000.

5. Faster Stock Settlements (T+0) ⚡

What is T+0?

Stocks bought today → Money received same day.

Why it’s good?

Less risk, lower costs.
Works for 25 popular stocks.

6. Important Insurance Companies 🏦

List:

LIC (Life Insurance)
GIC (General Insurance)
New India Assurance

7. Safer NPS Accounts 🔒

New Rule: Use Aadhaar + OTP for NPS login.

8. Easier Debt Solutions 📜

implified rules to help individuals and businesses resolve unpaid loans or debts faster.

Key Changes:

Faster closures of failed companies.
Help for stuck real estate projects (e.g., unfinished homes).
Simpler rules for personal guarantors (people who promise to repay others’ loans).

Example: If a builder can’t finish a housing project, new rules help buyers either get their money back or ensure the project is completed. 🏗️💡

Goal: Reduce stress, save time, and protect people’s money!

9. Faster Global Payments 🌐

What is SWIFT GPI? (Global Payments Innovation)

A fast and trackable system for sending money across borders.

Key Benefits:
✅ Speed: Payments arrive in <24 hours (often instantly!).
✅ Trackable: Like a “live GPS” for your money – know where it is!
✅ Transparent Fees: No hidden charges – see fees upfront.

Example: Sending ₹1 lakh to the USA? SWIFT GPI lets you track it like an Amazon package! 🌍💸

(Used by 4,500+ banks globally.)

10. Remote Trading in GIFT IFSC 🖥️

It allows investors to trade (buy/sell) on GIFT City’s international stock exchanges from anywhere in India using digital platforms. No need to visit Gujarat physically!