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Vishu Kaineettam: Tradition that Teaches the Joy of Giving and Saving

Vishu is one of the most important and joyful festivals celebrated in the Indian state of Kerala and by Malayali communities worldwide. It marks the beginning of the Malayalam New Year, usually falling on April 14th or 15th. More than just a celebration, Vishu is a time of hope, prosperity, and new beginnings. Vishu 2025 falls on Monday, April 14, bringing with it the joy of new beginnings and cherished traditions. One of the most heartwarming parts of Vishu is a tradition called Vishu Kaineettam, where elders give money to children. It’s a simple act filled with love and blessings, and it carries a deeper meaning that can be used to teach valuable lessons about saving and planning for the future. Vishu 2025 is just around the corner, so let’s explore what is Vishu and it’s significance. What Is Vishu and Why Is It Celebrated? Vishu is celebrated with great excitement and positivity. People believe that the way you begin Vishu will influence your entire year, so everyone wakes up early to see the “Vishu Kani” – a beautiful arrangement of items meant to bring luck and prosperity. The Vishu Kani usually includes rice, fruits, vegetables, flowers (especially the bright yellow Konna flowers), gold or coins, a mirror, and a holy book, all placed in front of a statue or photo of Lord Vishnu or Lord Krishna. Families make sure that the first thing they see on Vishu morning is this carefully prepared display, believing it will bring blessings for the year ahead. The Joy of Vishu Kaineettam After seeing the Vishu Kani, there’s another special moment that everyone looks forward to – Vishu Kaineettam. This is a tradition where elders in the family give money to children and younger members. It’s usually in the form of coins or cash, given by hand, often with a warm smile and a blessing for a happy and successful year. Children eagerly collect their Kaineettam and feel proud and happy, not just for receiving money but because it’s a sign of love and care from their family. For many, it’s one of the most exciting parts of Vishu. Kaineettam - An Early Lesson in Saving While Vishu Kaineettam is a fun tradition, it also offers a great opportunity to teach children about the importance of saving. Instead of spending all the money right away, parents and elders can encourage kids to put part of their Kaineettam into a piggy bank or savings jar. This small act can lead to big life lessons. It teaches children: That money is valuable and should be used wisely. That saving a little now can help them reach their goals later. That it feels good to plan and be responsible. Some families even take this time to start a new habit—encouraging children to save for something special, like a toy, a book, or even to donate to someone in need. Over time, this helps build a strong foundation for good money habits and financial responsibility. Vishu Festival means New Beginnings and Life Lessons Vishu is a time of joy, food, fireworks, and family. But beyond the celebrations, it also reminds us of the importance of values – love, respect, and gratitude. Traditions like Vishu Kaineettam help keep families connected across generations, while also offering simple ways to teach important life skills. This year while celebrating vishu 2025, as elders give their blessings through Kaineettam, it’s a perfect moment to also give a little guidance. Encourage children to save a part of what they receive, and help them understand that every coin saved is a step toward a brighter future. Conclusion Vishu Kaineettam is more than a festive tradition – it’s a way to share love, blessings, and wisdom. In a world that moves fast, these small, meaningful customs help us slow down and pass on values that truly matter. So let this Vishu festival not only celebrate new beginnings, but also the start of good habits, thoughtful savings, and lasting memories.

Understanding the Married Women’s Property Act (MWP) in India

The Married Women’s Property Act, 1874, is a crucial piece of legislation that safeguards the property rights of married women in India. Before its enactment, a woman's property was often considered part of her husband's assets, leaving her financially vulnerable. This law ensures that a married woman retains full ownership and control over her property, providing financial independence and security. In this article, we’ll explore the key provisions, benefits, and significance of the Married Women’s Property Act, 1874 in India. Background and Purpose of the Act During colonial times, Indian women had limited property rights. Their assets were often controlled by their husbands or male family members. The Married Women’s Property Act, 1874, was introduced to protect the financial interests of married women, ensuring they had legal ownership over their own property and earnings. The main objectives of the Act are:To grant married women absolute ownership of their propertyTo protect their assets from being seized for their husband's debtsTo enable them to make independent financial decisions Key Provisions of the Married Women’s Property Act, 1874 1. Right to Own Property A married woman has full ownership over any property acquired before or after marriage. Property inherited, gifted, or purchased by her remains her own and cannot be claimed by her husband or in-laws. 2. Protection from Husband’s Debts A married woman's property cannot be used to settle her husband's debts unless she has willingly signed as a guarantor. This ensures financial security for women, even if their husbands face financial difficulties. 3. Right Over Earnings and Savings Any income earned by a married woman through employment, business, or investments belongs solely to her. Her earnings cannot be forcibly taken by her husband or family. 4. Insurance Policies for Married Women Under Section 6 of the Act, if a husband takes out a life insurance policy in his wife’s name or for her benefit, the money from the policy cannot be claimed by creditors in case of his financial trouble. This provision ensures that wives and children receive financial protection even if the husband has outstanding debts. 5. Right to Enter Contracts and Legal Transactions A married woman has the right to enter contracts, buy or sell property, and engage in business activities in her own name. She can sue or be sued in matters related to her property. Significance of the Act for Women’s Empowerment The Married Women’s Property Act plays a crucial role in women’s financial independence and legal rights. Here’s why it is important: Financial Security – Women have complete control over their wealth and assets.Legal Protection – Protects a wife’s property from misuse or wrongful claims.Encourages Women’s Investments – Women can confidently invest in property, savings, and businesses.Strengthens Women’s Autonomy – Women can make independent financial decisions. Limitations and Need for Amendments While the Act was revolutionary for its time, it has some limitations in today’s context: It does not clearly address jointly owned property between spouses. Women may still face challenges in enforcing their rights due to social and legal hurdles. The Act does not cover divorce settlements and alimony provisions comprehensively. To enhance women’s property rights, experts suggest modernizing the Act by including provisions for joint ownership, better enforcement mechanisms, and clearer guidelines for property division during divorce. Conclusion The Married Women’s Property Act, 1874, remains a landmark law that empowers women by giving them financial and legal control over their property. It plays a key role in protecting married women from financial dependency and exploitation. However, with changing societal norms, there is a need to strengthen and update the Act to ensure that women’s property rights are upheld in all aspects of marriage and family law. By being aware of these rights, women can take charge of their financial future and ensure long-term security for themselves and their families.

PAN 2.0: The Next-Gen Permanent Account Number (PAN) Card

Introduction The Permanent Account Number (PAN) Card is a crucial document for financial and tax-related transactions in India. With the rapid digitalization of government services, India is set to introduce PAN 2.0, a modernized version of the existing PAN card with enhanced features, better security, and seamless integration with digital platforms. In this blog, we will cover: What is PAN 2.0? How is PAN 2.0 different from the old PAN card? How to apply for PAN 2.0? How to get a new PAN Card 2.0? What is PAN 2.0? PAN 2.0 is the upgraded version of the traditional PAN card, designed to enhance security, usability, and integration with modern digital financial systems. It is being developed by the Income Tax Department of India, incorporating advanced digital features such as real-time verification, enhanced fraud prevention, and improved accessibility. Key Features of PAN 2.0 Digital-First Approach: PAN 2.0 will be issued in a digital format (e-PAN) with an option for a physical card. Real-Time Issuance: Faster application process with instant PAN allotment linked to Aadhaar. Enhanced Security: Uses encrypted QR codes, biometric linking, and AI-driven fraud detection. Seamless Integration: Directly linked with banking, income tax filings, UPI, and digital wallets. AI-Based Verification: Prevents duplicate and fraudulent PAN issuance. How is PAN 2.0 Different from the Existing PAN Card? Feature Existing PAN Card PAN 2.0 Format Physical + e-PAN Primarily Digital (with optional physical card) Issuance Time 7-10 days Instant (if linked to Aadhaar) Security Basic QR Code Encrypted QR, AI verification, biometric-linked Verification Process Manual and time-consuming AI-based, real-time verification Integration Used for taxation Linked to UPI, digital wallets, and financial services Fraud Protection Can be misused or duplicated Advanced fraud detection and encryption PAN 2.0 is not just an identity document but a fully digital financial identity system! How to Apply for PAN 2.0? Applying for PAN 2.0 is expected to be a hassle-free, digital-first process. The Income Tax Department will issue it through online platforms, and Aadhaar-linked applications will be processed instantly. Steps to Apply for PAN 2.0 Online Visit the Official PAN Portal Go to the NSDL (Protean) or UTIITSL website (official PAN service providers). The government may also launch a dedicated PAN 2.0 portal for faster processing. Select ‘Apply for PAN 2.0’ Choose whether you want e-PAN (Digital) or Physical PAN Card + e-PAN. Enter Aadhaar Details Since PAN 2.0 is linked to Aadhaar, users can enter their Aadhaar number for instant authentication. Verify with OTP An OTP (One-Time Password) will be sent to your registered mobile number for Aadhaar verification. Upload Documents (if required) In some cases, you may need to upload a passport-size photo and signature digitally. Payment & Processing Pay a nominal fee (if applicable). For Aadhaar-linked applications, PAN 2.0 will be generated instantly. Download e-PAN (Digital PAN) After successful verification, you can download your PAN 2.0 immediately. If you opted for a physical PAN card, it will be delivered to your address within a few days. How to Get a New PAN Card 2.0? If you already have a PAN card and want to upgrade to PAN 2.0, follow these steps: Upgrade Your Existing PAN to PAN 2.0 Existing PAN holders can update to PAN 2.0 via the official PAN portal. Log in with your PAN and Aadhaar details and complete the upgrade process. Apply for a Duplicate PAN 2.0 (If Lost or Damaged) If your existing PAN is lost, you can apply for a reissue of PAN 2.0 with new security features. Apply for a Completely New PAN 2.0 (For First-Time Users) First-time applicants can follow the online application process mentioned earlier. Conclusion: The Future of PAN 2.0 The introduction of PAN 2.0 is a significant step toward modernizing India’s tax and financial system. With instant issuance, enhanced security, and seamless integration with digital payments, PAN 2.0 will make financial transactions easier and safer. For individuals and businesses, PAN 2.0 will simplify tax filings, banking, and financial transactions. The digital-first approach will help eliminate fraud, duplication, and delays in PAN issuance. Are you ready for the PAN 2.0 revolution? Stay tuned for updates as India rolls out this game-changing upgrade!

Interim Budget 2024: Capex Target Raised to ₹11.11 Lakh Crore, Fiscal Deficit to Reduce

What is capex? Capex, short for capital expenditure, refers to the funds a company invests in acquiring, maintaining, or improving fixed assets such as property, equipment, infrastructure, or technology. These expenditures are typically made to enhance the capacity or efficiency of the business or to extend its productive life. Capex is considered a long-term investment and is recorded as an asset on the company's balance sheet, rather than being expensed immediately like operational expenditures. 2024 Budget Update on capex In a bid to invigorate India's economic growth, Finance Minister Shrimat Nirmala Sitharaman unveiled the Interim Union Budget for 2024-25 in Parliament today, revealing an 11.1% surge in capital expenditure. The allocation now stands at ₹11,11,111 crore, equivalent to 3.4% of the GDP. This strategic move aligns with the government's overarching goal of propelling economic advancement and fostering employment opportunities. It also builds upon the remarkable achievement of tripling capital expenditure over the past four years, showcasing a steadfast commitment to sustainable progress and development. Fiscal Deficit after Budget 2024 Fiscal deficit refers to the variance between government expenditure and income. For FY24, the fiscal deficit has been narrowed to 5.8%, down from the estimated 5.9%. Moving forward, the target for 2024-25 has been set at 5.1%, lower than the revised budgeted figure for 2023-24. The objective is to reach a fiscal deficit target of below 4.5% by 2025-26. IMF Report on Indian Economy The International Monetary Fund (IMF) forecasts India's ascent to the position of the third-largest economy by 2027, marking a substantial contribution to global economic expansion. Supported by optimistic projections from renowned international bodies such as the World Bank, IMF, OECD, and ADB, India's growth trajectory is anticipated to range between 6.1% and 6.7% in the fiscal year 2024-25. These estimations underscore India's increasingly pivotal role in shaping the future landscape of the global economy. Summary In the fiscal year 2024-25, total receipts, excluding borrowings, are estimated at ₹30.80 lakh crore, while total expenditure is projected to be ₹47.66 lakh crore, with tax receipts expected to reach ₹26.02 lakh crore. Budget 2024 sets forth a vision to transform India into a "Viksit Bharat" by 2047, highlighting a comprehensive approach to development across diverse sectors. (Internal Research)

Budget 2024 Highlights and Updates

In her sixth consecutive budget presentation, Union Finance Minister Shrimati Nirmala Sitharaman unveiled the Interim Budget 2024 amidst the looming Lok Sabha elections. Eschewing populist measures, she maintained status quo on direct and indirect tax rates. With a forward-looking vision spanning the next five years, Hon’ble Finance Minister forecasted unprecedented growth, earmarking a substantial Rs 11.1 lakh crore for capital expenditure in the upcoming fiscal year, marking an 11% surge from the current year. Noteworthy is the government's ambition to trim the fiscal deficit target to 5.1% of GDP in the forthcoming fiscal, with a further target of 4.5% in FY26. Given its interim nature, a more comprehensive fiscal year budget is slated for presentation post the formation of a new government following the Lok Sabha Elections. Here are the key highlights: Direct and indirect tax rates remain unchanged. The government has waived income tax demands up to ₹25,000 (up to 2009-10) and ₹10,000 from 2010-11 to 2014-15, benefiting approximately one crore taxpayers. A new scheme is set to aid middle-class individuals residing in rented accommodations to purchase or construct their own homes. Additionally, tax benefits for start-ups and investments by sovereign wealth or pension funds have been extended for an additional year until March 31, 2025. Capital expenditure sees an 11% increase, now reaching ₹11.11-lakh crore. Meanwhile, the fiscal deficit projection for FY25 stands at 5.1%, lower than the revised estimate of 5.8% in FY24. Government borrowing for the next fiscal year is slated at ₹14.13-lakh crore, a decrease from ₹15.43 lakh crore in FY24. The expected growth rate for nominal GDP in FY25 is 10.5%. Disinvestment from central public sector enterprises (CPSEs) is targeted to reach ₹50,000 crore for FY25, up from ₹30,000 crore in FY24. The gross tax revenue goal for FY25 sees an 11.46% increase to ₹38.31-lakh crore, with direct tax collection targeted at ₹21.99-lakh crore and indirect tax at ₹16.22-lakh crore. The government plans to publish a white paper addressing pre-2014 economic mismanagement. Next-generation reforms will be introduced in collaboration with states and stakeholders. Additionally, a high-powered panel will be established to tackle population growth challenges and demographic changes. In summary, the interim budget serves as a temporary financial blueprint during an election year, catering to immediate fiscal requirements until a new government assumes office. The comprehensive union budget is slated for unveiling post-elections, usually around April-May. As customary, the interim budget tends to avoid major policy pronouncements and significant reforms. (Internal Research)

How To Get NOC For Bike​

Thinking of selling your old bike or transferring it to someone in a different city or state? Before you do that, you need to get a No Objection Certificate (NOC) from the RTO and your lender (if the bike is under loan). This document is essential to legally transfer ownership and complete re-registration. In this blog, we’ll explain how to get a NOC for bike, why it matters, what documents you need, and how to avoid delays in the process. Key Takeaways NOC is a legal document that shows no dues or objections for vehicle transfer Required for sale, re-registration in another state, or loan closure Issued by the RTO and lender (if financed) Missing NOC can delay transfer or cause legal issues You can apply in person or online (in many states) Table of Contents What Is a NOC for a Bike? When Do You Need a NOC? Who Issues the NOC? Documents Required for Bike NOC Step-by-Step Process to Get a NOC from RTO How to Get a NOC from a Bank or NBFC Common Mistakes to Avoid Final Thoughts FAQs What Is a NOC for a Bike? A No Objection Certificate (NOC) is an official document that certifies: The bike has no pending dues or fines The lender or RTO has no objection to the sale or transfer of the bike The vehicle is not under theft, legal dispute, or hypothecation It is mandatory when transferring ownership to another person or re-registering the vehicle in a different state. When Do You Need a NOC? You’ll need a NOC in the following cases: Selling your bike to someone in a different state or RTO jurisdiction Transferring ownership to another person or family member Relocating permanently to another state and re-registering the bike Clearing a loan from a bank or NBFC and removing hypothecation Without a valid NOC, the RTO may refuse to complete the transfer, and you may face fines. Who Issues the NOC? There are two types of NOCs for a two-wheeler: Type Issued By When Needed RTO NOC Regional Transport Office For ownership transfer or re-registration Bank/NBFC NOC Lender After closing a bike loan (to remove hypothecation) If your bike was purchased on loan, you need both bank NOC and RTO NOC for full ownership transfer. Documents Required for Bike NOC Here’s what you typically need: Copy of Registration Certificate (RC)Copy of insurance policyPollution Under Control (PUC) certificateID and address proof2 passport-sized photographsCompleted Form 28 (for RTO NOC)Loan closure documents + Form 35 (for lender NOC)Original RC (if RTO demands it for stamping) Note: Forms can be downloaded from the Parivahan website or collected from your RTO. Step-by-Step Process to Get a NOC from RTO Step 1: Fill Form 28 Available at the RTO or online at https://parivahan.gov.in Step 2: Submit Required Documents Along with the filled form, submit copies of RC, insurance, PUC, ID proof, and photographs. Step 3: Pay the Fee NOC fee varies by state (usually ₹100–₹300). Pay via cash or online, depending on your RTO’s process. Step 4: Police Clearance Some RTOs send the form to the local police station for NOC verification. Step 5: Receive NOC It usually takes 7–15 working days. The NOC will mention that the RTO has no objection to the bike being transferred or re-registered elsewhere. How to Get a NOC from a Bank or NBFC If your two-wheeler loan is paid off: Request loan closure certificate from the lender Submit a written request for No Objection Certificate (NOC) The bank/NBFC will issue: Loan closure letter NOC Form 35 (used to remove hypothecation from the RC) You’ll need to take this to the RTO to update your registration and get full ownership rights. Common Mistakes to Avoid Not checking for pending challans — May delay NOC processingLosing bank NOC — It’s difficult to get a duplicate laterSkipping hypothecation removal — You can’t sell the bike until it’s doneIncorrect Form 28 details — Ensure RC and chassis numbers are accurateMissing deadline after NOC — Complete ownership transfer or re-registration within the valid NOC period (usually 6 months) Final Thoughts Knowing how to get a NOC for bike is essential if you’re planning to sell, relocate, or clear a vehicle loan. It ensures that ownership transfers happen smoothly and legally. With more processes going digital, getting a NOC has become easier — but you still need to follow the steps carefully and keep all documents ready. A little planning now can save you from major delays later. FAQs Q1. Is NOC mandatory to sell a bike in the same city? Not always. If both buyer and seller are under the same RTO, a NOC may not be needed. Q2. How long is a bike NOC valid? Usually 6 months from the date of issue. After that, you may need to reapply. Q3. Can I get an NOC online? In some states, yes. Visit https://parivahan.gov.in to check availability in your region. Q4. What is Form 28? Form 28 is the application form used to request a No Objection Certificate from the RTO. Q5. Is NOC needed for removing hypothecation? Yes, you need an NOC from your lender (bank/NBFC) after loan repayment. Q6. What if I lost my bank NOC? Contact your bank’s branch and request a duplicate. It may take time and require additional documents. Q7. Can I sell my bike without removing hypothecation? No. The buyer won’t be able to register the vehicle in their name unless hypothecation is cleared.

How to Open Pradhan Mantri Jan Aushadhi Kendra

Introduction Healthcare is a basic necessity, yet many people in India struggle to afford quality medicines. To address this issue, the Government of India launched the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) in November 2008. This scheme, initiated by the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, aims to make generic medicines available at affordable prices to all, especially to the economically weaker sections of society. This article helps you in understanding how to open Pradhan Mantri Jan Aushadhi Kendra. About the Scheme Under this initiative, special outlets called Janaushadhi Kendras have been set up across the country to sell generic medicines at much lower prices than branded ones. As of 30th September 2024, 13,822 functional Janaushadhi Kendras are providing cost-effective medicines to people. The scheme offers a wide range of 2,047 drugs and 300 surgical items, ensuring that essential medicines are accessible to all. The scheme is implemented by the Pharma & Medical Bureau of India (PMBI), a society registered under the Societies Registration Act. This organization was previously known as the Bureau of Pharma PSUs of India (BPPI). Objectives of PMBJP Before learning how to open Pradhan Mantri Jan Aushadhi Kendra, one should understand the main goals of this initiative are: Ensuring Access to Affordable Medicines: The scheme aims to provide high-quality medicines at low prices, making them accessible to the poor and underprivileged sections of society. Spreading Awareness About Generic Medicines: Many people believe that expensive medicines are better in quality. PMBJP works to educate people and remove this misconception through awareness campaigns. Generating Employment: By encouraging individuals to open Janaushadhi Kendras, the scheme creates self-employment opportunities and promotes entrepreneurship. Salient Features of PMBJP Government and Private Participation: The scheme is run by both government agencies and private entrepreneurs. Increased Incentives: Kendra owners now receive up to ₹5 lakh, with a 15% monthly purchase incentive, capped at ₹15,000 per month. Special One-Time Incentive: A ₹2 lakh grant for furniture, computers, and fixtures is given to Kendras in North-Eastern States, Himalayan areas, islands, backward districts, and those run by women, Divyang, SC/ST entrepreneurs, or ex-servicemen. Affordable Medicines: Jan Aushadhi medicines cost 50%-90% less than branded medicines. Quality Assurance: Medicines are procured only from WHO-GMP-certified suppliers and tested in NABL-accredited laboratories for quality control. Eligibility and Incentives for Opening a Pradhan Mantri Bhartiya Janaushadhi Kendra (PMBJK) Eligibility Criteria For Individuals: Applicants must have a D. Pharma or B. Pharma degree. If they do not, they must employ someone with this qualification and provide proof at the time of application or final approval. For Other Applicants: Entrepreneurs, pharmacists, trusts, societies, and charitable organizations must employ a B. Pharma or D. Pharma degree holder and provide proof at the time of application. For Government Hospital Premises: Reputed NGOs and charitable organizations are preferred for setting up PMBJKs, but individuals are also eligible. Margins and Incentives for a Pradhan Mantri Jan Aushadhi Kendra Operating Margin: The operating agency will receive a 20% margin on the MRP (excluding taxes) of each medicine sold. Special Incentives: PMBJKs opened by women entrepreneurs, Divyang (persons with disabilities), SC, ST, ex-servicemen, or in backward districts, Himalayan regions, island territories, and North-Eastern States will receive an additional ₹2 lakh as a one-time grant.This includes: ₹1.50 lakh for furniture and fixtures, ₹0.50 lakh for computers, internet, printer, etc. The grant is provided only once per family (One Family – One Grant Rule). Note: The term "relative" includes spouse, unmarried dependent siblings, or any direct ancestors or descendants of the applicant. Requirements for Opening a Pradhan Mantri Bhartiya Janaushadhi Kendra (PMBJK) Space Requirement: The applicant must have a minimum of 120 sq. ft. space, either owned or rented, with a Lease Agreement or Space Allotment Letter. PMBI does not assist in arranging space. Pharmacist Proof: The applicant must provide proof of securing a registered pharmacist (State Council registration), either at the time of application or before final approval. Category Certification: Applicants under women entrepreneurs, Ex-servicemen, Divyang, SC, ST, aspirational districts, Himalayan, Island, or North-Eastern States must submit valid proof. The selected category cannot be changed later. Distance Policy: Minimum 1 km distance between two PMBJKs across all districts.No distance restriction within 500 meters of district government hospitals or private hospitals with 100+ beds or attached to medical colleges. PMBI will approve locations based on viability after a market survey. Cheque Submission: Applicants must provide three cheques (from an Indian nationalized bank) in favor of PMBI for supply payments. One cancelled cheque must also be submitted to PMBI. Application Process for Opening a Pradhan Mantri Bhartiya Janaushadhi Kendra (PMBJK) Application Fee: A non-refundable fee of ₹5,000 must be submitted along with the application form. Exempted Categories: Women entrepreneurs, Divyang (persons with disabilities), SC, ST, ex-servicemen, and entrepreneurs from aspirational districts, Himalayan regions, island territories, and North-Eastern states do not have to pay this fee, provided they submit proof of their category. Bank Details for Payment: Bank: Bank of Baroda Branch: Parliament Branch, New Delhi Account Holder: Pharmaceuticals & Medical Devices Bureau of India (PMBI) Virtual Account Number: BPPIZCL07PAF0001 IFSC Code: BARB0PARLIA How to Apply Applications can be submitted online through the official PMBJP website: https://janaushadhi.gov.in Contact Address For any inquiries, applicants can contact: Chief Executive Officer, Pharmaceuticals & Medical Devices Bureau of India (PMBI) Office Address: B-500, Tower B, 5th Floor, World Trade Center, Nauroji Nagar, New Delhi – 110029. Telephone: 011-49431800 Conclusion PMBJP is a revolutionary step towards affordable healthcare in India. Providing low-cost generic medicines not only improves public health but also boosts employment and awareness. With the continuous expansion of Pradhan Mantri Jan Aushadhi Kendra, the scheme is playing a vital role in ensuring "Health for All" across the nation.

Everything You Need to Know About CIF Number

Introduction The traditional role of banks was limited to accepting deposits and giving loans. However, over the years, numerous changes have occurred within the banking industry. Banks today offer a wide range of services. They have diversified their offerings in order to cater to the increasing requirements of their clients. Technology has set the doors wide open for innovative fintech solutions, bringing the convenience of on-the-go banking through smartphones or computers. A huge portion of the credit goes to CIF (Customer Information File), without which it would be impossible to digitise all the accounts. CIF bridges the gap existing between various localised customer information saved in different banks across the country so that account holders can operate from anywhere and at any time. Let’s get to know what is CIF number, and the vital role it plays in banking! Details Stored Under CIF Number The CIF in banking terminology stands for “Customer Information File”. It consists of the details of the customer like the name, gender, date of birth, contact information, address, credit rating, account type, etc. We can say it contains the Personal Identifiable Information (PII) which is used to identify a customer. It comes with an 11-digit CIF number that enables the bank to identify the customer and know all his or her transactions, irrespective of the location from where the transaction has originated. When is the CIF Number Generated? The CIF Number is a system-generated number which is enabled at the time a customer enters into any banking relationship. The CIF number is unique to each customer of the bank. Generally, the bank follows the below process to generate the CIF Number: Adhere to KYC Norms, collect comprehensive information, and identification documents from the customer Store the collected information in the bank’s system database, which will be useful for identifying the customer in all future transactions. The bank’s information system will generate a unique CIF Number for the customer which will be an alpha-running serial number. In all future transactions of the bank’s various services, the CIF Number will be the reference point for identifying the customer. Typically, the CIF Number would be quoted in all correspondence by the bank with the customer. This ensures that all authorised staff within the bank can identify a customer by reference to the CIF Number. How to Find CIF Number? Depending on the varied processes across the banking industry, the following are the typical ways in which your bank may allow you to access this CIF number. Welcome Kit: When initiating the banking relationship, your bank will send you a Welcome Kit enclosing a letter informing the terms and conditions for opening the bank account along with details of the Account Number and CIF number. Internet Banking: Login to your Account through an online interface. In your Profile TAB, you will find the CIF number. Bank App: Open your bank’s app and log in. Look through the app's account details or settings part to see whether your CIF number is there. Your Pass Book: The CIF Number is generally typed on the first page of your pass-book along with your other account information. Cheque Book: The CIF number is usually also printed on the first page of your cheque book. Your Account Statement: The CIF number is usually indicated at the top of the Account statement along with other Account details. SMS: In any SMS sent by your bank, check if the CIF number is shared. Email Alerts: Go through the Emails sent by your bank to locate the CIF number. Branch: Visit your nearby branch and ask for your CIF number. Note to carry identification documents as this information will not be shared by the bank staff unless they verify your identity. Customer Support: Call the customer support number for any assistance in getting the CIF number. How Does the CIF Number Help the Customer? The customer gets seamless service in any branch of the bank by quoting the CIF Number. Once the CIF number is allotted, for subsequent availing of the bank’s services/products, the need for submitting identification documentation/going through the KYC process multiple times is eliminated. Faster customer service due to a reduced processing time as all required customer information is easily available to the bank. Uninterrupted banking service in case of transfer of account to another branch of the bank. How Does the CIF Number Help the Bank? The CIF Number helps the bank to identify each customer and distinguish between a large number of customers with the help of this number. The CIF helps the bank to understand the dealings of the customer across its various services. The CIF also helps the bank to understand the customer’s preferences and use this information for cross-selling its multiple products and can be collated for use in targeted marketing campaigns. The CIF Number helps the bank to give better customer service as queries/disputes can be trailed most effectively. The CIF Number helps the bank comply with regulatory guidelines as fraudulent activity can be reduced due to better monitoring. Compliance with Income Tax rules is also enabled by the CIF Number as tax evasion is eliminated due to the possibility of multiple IDs of a single customer being ruled out due to technological support. The CIF Number strengthens security and data privacy requirements. Highlights of CIF Unique 11-digit identifier Holds all your personal information related to your account Crucial for smooth banking operations Ensures personalized financial services and data security Essential for seamless functioning behind the scenes Makes digital banking possible Effortlessly manage your multiple accounts and tailor services just for you. Conclusion This should clarify what is CIF number. It acts as a repository of data, by consolidating comprehensive information about any customer of the bank across various accounts/services of the bank. Hence, the CIF Number helps the bank to effectively manage customer information and have control over its database. Similar to a person’s fingerprint, the CIF number thus serves as a digital fingerprint, which helps the bank maintain a single profile of a customer within the bank's ecosystem leading to large benefits to both the bank and the customer.

India at Paris Olympics 2024

The Indian contingent is set to kick off its campaign at the 2024 Paris Olympics on July 25. With 117 athletes competing in 69 medal events across 16 sports, the nation is gearing up for an action-packed Olympics. Following a record medal haul of seven, including a gold, at Tokyo 2022, India aims to surpass this tally at Paris 2024. India at Olympics 2024: Neeraj Chopra Defending Gold All eyes will be on Neeraj Chopra, who will be defending his gold medal in the men’s javelin throw, with aspirations of breaching the 90-meter mark for the first time in his career. The javelin qualifiers are scheduled for August 6, with the final taking place two days later. PV Sindhu and Mirabai Chanu: Medal Hopes Two-time Olympic medallist PV Sindhu will compete in badminton events from July 27 to August 5. Meanwhile, Tokyo 2020 silver medallist Mirabai Chanu will participate in the women’s 49kg weightlifting event on August 7. Boxing Prospects Boxers Nikhat Zareen, a two-time world champion, and Tokyo bronze medallist Lovlina Borgohain are strong contenders for individual medals. Their performances will be crucial for India's medal tally. Archery and Shooting: Early Starts Archers Deepika Kumari and Tarundeep Rai will be the first Indians to compete in Paris, starting with the individual ranking rounds on July 25. India's first medal event, the mixed team 10m air rifle, will occur two days later, featuring two Indian teams: Sandeep Singh/Elavenil Valarivan and Arjun Babuta/Ramita Jindal. Olympics 2024 India’s Full Schedule (All times in Indian Standard Time) July 25, Thursday Archery Women’s ranking round - 1:00 PM Men’s ranking round - 5:45 PM July 26, Friday Opening Ceremony - 11:30 PM July 27, Saturday Badminton Men’s singles group stage - 2:30 PM onwards Women’s singles group stage - 12:50 PM onwards Men’s doubles group stage - 1:40 PM onwards Women’s doubles group stage - 1:40 PM onwards Boxing Women’s 54kg round of 32 - 7:00 PM onwards Hockey Men’s Group B: India vs. New Zealand - 9:00 PM Rowing Men’s single sculls heats - 12:30 PM onwards Shooting Mixed team 10m air rifle qualification - 12:30 PM Men’s 10m air pistol qualification - 2:00 PM Mixed team 10m air rifle medal rounds - 2:00 PM onwards 10m air pistol women’s qualification - 4:00 PM onwards Tennis Men’s singles first round - 3:30 PM onwards Men’s doubles first round - 3:30 PM onwards Table Tennis Men’s singles preliminary round - 6:30 PM onwards Women’s singles preliminary round - 6:30 PM onwards Men’s singles round of 64 - 11:30 PM onwards Women’s singles round of 64 - 11:30 PM onwards July 28, Sunday Badminton Men’s singles group stage - 2:30 PM onwards Women’s singles group stage - 12:00 PM onwards Men’s doubles group stage - 12:50 PM onwards Women’s doubles group stage - 1:40 PM onwards Shooting 10m air rifle women’s qualification - 12:45 PM onwards 10m air pistol men’s final - 1:00 PM onwards 10m air rifle men’s qualification - 2:45 PM onwards 10m air pistol women’s final - 3:30 PM onwards Rowing Men’s single sculls repechages - 1:06 PM onwards Table Tennis Men’s singles round of 64 - 1:30 PM onwards Women’s singles round of 64 - 1:30 PM onwards Swimming Men’s 100m backstroke heats - 2:30 PM onwards Women’s 200m freestyle heats - 2:30 PM onwards Boxing Men’s 71kg round of 32 - 2:46 PM onwards Women’s 50kg round of 32 - 3:50 PM onwards Tennis Men’s singles first round - 3:30 PM onwards Men’s doubles - 3:30 PM onwards Archery Women’s team elimination round - 1:00 PM onwards Women’s team quarter-finals - 5:45 PM onwards Women’s team semi-finals - 7:17 PM onwards Women’s team bronze medal match - 8:18 PM onwards Women’s team gold medal match - 8:41 PM onwards July 29, Monday Swimming Men’s 100m backstroke semi-finals - 1:02 AM onwards Women’s 200m freestyle semi-finals - 1:20 AM onwards Badminton Women’s singles group stage - 1:40 PM onwards Men’s doubles group stage - 12:50 PM onwards Men’s singles group stage - 2:30 PM onwards Women’s doubles group stage - 1:40 PM onwards Shooting Men’s trap qualification - 12:30 PM onwards Mixed team 10m air pistol qualification - 12:45 PM onwards Women’s 10m air rifle final - 1:00 PM onwards Men’s 10m air rifle final - 3:30 PM onwards Rowing Men’s single sculls semi-finals - 1:00 PM onwards Table Tennis Men’s singles round of 64 - 1:30 PM onwards Women’s singles round of 64 - 1:30 PM onwards Men’s singles round of 32 - 11:30 PM onwards Women’s singles round of 32 - 1:30 PM onwards Tennis Men’s singles second round - 3:30 PM onwards Men’s doubles second round - 3:30 PM onwards Hockey Men’s Group B: India vs. Argentina - 4:15 PM Archery Men’s team elimination round - 1:00 PM onwards Men’s team quarter-finals - 5:45 PM onwards Men’s team semi-finals - 7:17 PM onwards Men’s team bronze medal match - 8:18 PM onwards Men’s team gold medal match - 8:41 PM onwards July 30, Tuesday Swimming Men’s 100m backstroke final - 12:49 AM onwards Women’s 200m freestyle final - 1:11 AM onwards Archery Men’s individual elimination rounds - 3:30 PM onwards Women’s individual elimination rounds - 3:30 PM onwards Badminton Men’s singles group stage - 2:30 PM onwards Women’s singles group stage - 12:00 PM onwards Men’s doubles group stage - 12:50 PM onwards Women’s doubles group stage - 1:40 PM onwards Shooting Men’s trap qualification - TBD Women’s trap qualification - TBD Mixed team 10m air pistol bronze medal match - 1:00 PM onwards Mixed team 10m air pistol gold medal match - 1:30 PM onwards Men’s trap final - 7:00 PM Table Tennis Men’s singles round of 32 - 1:00 PM onwards Women’s singles round of 32 - 1:00 PM onwards Rowing Men’s single sculls quarter-finals - 1:40 PM onwards Boxing Men’s 51kg round of 16 - 2:30 PM onwards Women’s 54kg round of 16 - 3:50 PM onwards Women’s 57kg round of 32 - 4:38 PM onwards Equestrian Dressage individual day 1 - 2:30 PM onwards Tennis Men’s singles second round - 3:30 PM onwards Men’s doubles quarter-finals - 3:30 PM onwards Archery Men’s individual round of 32 - 4:15 PM onwards Women’s individual round of 32 - 4:30 PM onwards Hockey Men’s Group B: India vs. Ireland - 9:00 PM Rowing Men’s single sculls semi-finals - 1:00 PM onwards Shooting Men’s trap qualification - TBD Women’s trap qualification - TBD Men’s 10m air rifle final - 1:00 PM onwards Mixed team 10m air rifle final - 3:00 PM onwards August 6, Tuesday Athletics Men’s javelin throw qualification - 3:00 PM onwards Shooting Men’s 50m rifle 3 positions qualification - 12:30 PM onwards Women’s 50m rifle 3 positions qualification - 12:30 PM onwards Wrestling Women’s freestyle 53kg qualification - 2:30 PM onwards Women’s freestyle 53kg repechage - 6:00 PM onwards Women’s freestyle 53kg final - 7:30 PM onwards August 8, Thursday Athletics Men’s javelin throw final - 7:00 PM onwards Shooting Men’s 50m rifle 3 positions final - 7:00 PM onwards August 11, Sunday Closing Ceremony - 11:30 PM Olympics Key Highlights India’s athletes will compete in 16 sports: archery, athletics, badminton, boxing, equestrian, fencing, golf, gymnastics, hockey, judo, rowing, shooting, swimming, table tennis, tennis, and wrestling. Neeraj Chopra, PV Sindhu, and Mirabai Chanu are among the star athletes. India will aim to surpass its previous best of seven medals from the Tokyo Olympics. Stay tuned for more updates and detailed schedules as the Olympics approach.

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