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With rising education costs, parents are increasingly investing in mutual funds for their children. Investments can be made in a minor's name across various fund types, with a parent acting as guardian. Upon turning 18, the child gains control of the account after completing KYC procedures.
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News and Media
India is planning to allow more foreign investment in Public Sector Banks. The current limit is 20%. The government wants to strengthen these banks. This will help them raise more capital. The government will keep at least 51% stake. This ensures the banks remain public. The goal is to make them globally competitive.
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News and Media
The digital euro project is gaining momentum, potentially launching in mid-2029, according to ECB's Piero Cipollone. Euro-area finance ministers have reached an agreement on customer holding limits, marking a significant step forward. Discussions among member states are progressing positively, suggesting a concrete timeline for the digital currency's introduction.
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News and Media
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