Soon, Your SIP Could Be Deducted Directly from Your Salary! 💰
Just like PF and NPS deductions, your Mutual Fund SIP may also be deducted automatically from your salary every month.
🔹 SEBI has proposed a payroll-linked SIP facility for salaried employees.
🔹 Employees can choose to join the facility—it will not be mandatory.
🔹 The deducted amount will be invested in mutual funds, and the units will be allotted in the employee's own name.
🔹 The aim is to make investing easier, encourage regular savings, and help people build long-term wealth.
🔹 SEBI has also proposed relaxing certain rules to make this salary-based SIP system possible.
Note: This is only a proposal for now and has not been implemented yet.
Source:- @interview_lib
Just like PF and NPS deductions, your Mutual Fund SIP may also be deducted automatically from your salary every month.
🔹 SEBI has proposed a payroll-linked SIP facility for salaried employees.
🔹 Employees can choose to join the facility—it will not be mandatory.
🔹 The deducted amount will be invested in mutual funds, and the units will be allotted in the employee's own name.
🔹 The aim is to make investing easier, encourage regular savings, and help people build long-term wealth.
🔹 SEBI has also proposed relaxing certain rules to make this salary-based SIP system possible.
Note: This is only a proposal for now and has not been implemented yet.
Source:- @interview_lib
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For Prelims and Mains preparation, specifically targeting RBI Assistant, Insurance exams, and other related opportunities.
Join: @banking_library
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Dedicated to RBI Grade B preparation, along with IFSCA Grade A and other Regulatory Body examinations.
Join: @GradeB_Aspirants_Hub
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Join: @interview_lib
Follow the right channel for the right exam, and let us help you navigate your preparation journey with clarity and direction. ❤️
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Prime Minister Narendra Modi is set to become India’s longest continuously serving democratically elected prime minister on June 10, overtaking the record held by independent India’s first prime minister, Jawaharlal Nehru.
Modi, who first took oath as prime minister on May 26, 2014, will complete 4,399 consecutive days in office on June 10.
This will surpass Nehru’s record of 4,398 days, which spanned from May 13, 1952, when he took oath after India’s first general elections, until his death on May 27, 1964
The milestone marks another landmark in Modi’s political career. He had already overtaken former prime minister Indira Gandhi’s longest uninterrupted tenure on July 25, 2025.
Gandhi served continuously as prime minister from January 24, 1966, to March 24, 1977 — a period of 4,077 days.
Modi, who first took oath as prime minister on May 26, 2014, will complete 4,399 consecutive days in office on June 10.
This will surpass Nehru’s record of 4,398 days, which spanned from May 13, 1952, when he took oath after India’s first general elections, until his death on May 27, 1964
The milestone marks another landmark in Modi’s political career. He had already overtaken former prime minister Indira Gandhi’s longest uninterrupted tenure on July 25, 2025.
Gandhi served continuously as prime minister from January 24, 1966, to March 24, 1977 — a period of 4,077 days.
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India's real GDP growth for the fiscal year 2025-26 reached a robust 7.7%, accelerating from 7.1% in 2024-25.
According to provisional estimates released by the Ministry of Statistics and Programme Implementation (MoSPI), the fourth-quarter growth alone hit 7.8%, sustaining the economy's position among the fastest-growing major economies globally
According to provisional estimates released by the Ministry of Statistics and Programme Implementation (MoSPI), the fourth-quarter growth alone hit 7.8%, sustaining the economy's position among the fastest-growing major economies globally
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The government has waived excise duty on certain variants of ethanol-blended petrol. In a notification, the Union Finance Ministry announced that petrol blended with 22 per cent, 25 per cent, 27 per cent, and 30 per cent ethanol has been exempted from central excise duty.
The Ministry said, all four fuel grades will now attract a nil rate of excise duty. The move is aimed at strengthening India’s ethanol blending programme, which seeks to reduce dependence on imported crude oil, cut carbon emissions, and enhance demand for domestically produced ethanol.
The Ministry said, all four fuel grades will now attract a nil rate of excise duty. The move is aimed at strengthening India’s ethanol blending programme, which seeks to reduce dependence on imported crude oil, cut carbon emissions, and enhance demand for domestically produced ethanol.
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