#MintCharts | An overview of state budgets for FY24, released by the central bank last month, shows that total social sector spending by states is projected to rise 9.2% to ₹24 trillion. Fourteen states have budgeted for greater increases, led by Jharkhand, Tamil Nadu, Andhra Pradesh, and Telangana in the 19-22% range. States like Punjab, West Bengal, Rajasthan, Gujarat, and Maharashtra are below the all-India average.

#ISRO today launched its first mission of the year 2024. The space agency blast off the XPoSat (X-ray Polarimeter Satellite) and 10 other satellites from the spaceport of Sriharikota on a PSLV-C58 rocket

Read more: https://www.read.ht/R8wy

Today's #MintMetric by Bibek Debroy!

#PersonalFinance | RIAs follow a process before creating a financial plan. They seek details of existing savings, investments, liabilities, expenses and financial goals.

They also analyse their clients’ risk appetite based on a few questions. It helps them allocate their funds in debt and equities in the right proportion.

Read here: https://read.ht/R9E0

#PersonalFinance | Building a portfolio is a complex exercise, & it has to be maintained too. One must keep in mind the volatility risk of the asset class, liquidity, lock-in rules & taxation.

Here's a look at how four commonly used asset types - equity, cash, gold & fixed income - have done in different periods.

#PersonalFinance | The dawn of 2024 presents an opportunity to make impactful changes for a healthier and wealthier lifestyle.

Here are five small lifestyle changes that can positively impact an individual's physical well-being and financial stature.

https://www.livemint.com/money/personal-finance/invest-in-yourself-5-lifestyle-changes-that-can-boost-your-health-and-wealth-in-2024-11703590916398.html

The count of billionaires promoters of India Inc.'s listed firms has increased by 21% in 2023 as per reports.

The billionaire promoters in 2023 swelled to a record high of 152 in 2023 as against 126 in 2022. In addition to this, a 16% uptick was also recorded in their combined net worth in 2023 at $858.3 billion.

Read here: https://www.read.ht/R9GZ

#DataRewind | Just 28,060 foreigners visited India during the whole of 1953, a figure that had grown to over 10 million a year by the time covid-19 halted travel in 2020. The UK sent more than one-fourth of them, followed by the US, with a 22% share.

#MintCharts | Freight rates for a standard 40-foot shipping container sharply declined from $9,700 in February 2022 to $1,077 by October 2023, but recent attacks in the Red Sea have prompted a resurgence in shipping costs as vessels opt for the longer Cape of Good Hope route due to security concerns.

#PersonalFinance | Bank fixed deposits (FDs) continue to be popular investment products not just among senior citizens who are looking for guaranteed income, but also among investors who can't stomach risks.

Here is a list of banks that offer the highest FD rates for deposits up to ₹1 crore over various tenures.

Today's #MintMetric by Bibek Debroy!

Supreme Court has refused to allow a probe by a special investigation team into allegations against the #AdaniGroup following a report by #Hindenburg Research a year ago.

It directed SEBI to expedite its investigation into two remaining cases involving the Adani Group within three months

Read more: https://www.read.ht/RaEJ

Elon Musk's SpaceX launched a Falcon 9 rocket on Tuesday with the first set of Starlink satellites that can beam phone signals from space directly to smartphones.

"Falcon 9 launches 21 Starlink satellites to orbit from California, including six with Direct to Cell capabilities," said SpaceX, while tweeting the video of the launch.

https://www.livemint.com/science/news/spacex-falcon-9-rocket-launches-first-set-of-satellites-with-direct-to-cell-capabilities-elon-musk-11704288548141.html

#MintCharts | The number of fintech firms giving more than 5,000 loans in a year more than doubled from 24 in 2018-19 to 54 in 2022-23. Over the same period, fintech companies that gave over 100,000 loans a year rose six-fold to 36. Growth in the number of other categories of lenders, which give similar types of loans, was slower.

#PersonalFinance | Reverse mortgages in India, allowing homeowners over 60 to mortgage their properties without repayment obligations, face challenges due to traditional preferences, property age restrictions, residency clauses, and insurance requirements - ✍ Sashind Ningthoukhongjam

Read more: https://www.read.ht/RaVe

Today's #MintMetric by Bibek Debroy!