Blog - NewNerve

Impact of Digital Wallets on the Travel Experience

5Oct

By AnkitNo Comments

Blog, Lifestyle, Payments, Travel

Impact of Digital Wallets on the Travel Experience

Digital wallets are reshaping the travel landscape, providing a seamless and secure payment method that enhances the customer experience. As the travel industry adapts to modern consumer preferences, the integration of digital wallets is becoming increasingly essential. The Evolution of Payment Methods in Travel Historically, travelers relied on cash and traditional credit cards for transactions. However, the rise of digital wallets represents a significant shift in this paradigm. According to a report by PYMNTS.com, 74% of travelers now view digital wallets as essential gear for their vacations, with this trend particularly pronounced among affluent and millennial travelers. This demographic shift indicates a growing preference for seamless, cashless payment solutions. What is Digital ...

Investing for Beginners: A Step-by-Step Guide for Indian Youngsters

5Oct

By AnkitNo Comments

Pesronal Finance

Investing for Beginners: A Step-by-Step Guide for Indian Youngsters

Investing can seem overwhelming, especially for young Indians eager to secure their financial future. However, with the right approach and knowledge, you can navigate the investment landscape confidently. This guide will provide engaging insights into investing, tailored strategies for different age groups and income categories, and real-life examples to make it relatable and actionable. Why Start Investing Early? Starting early gives your money more time to grow through the power of compounding. For instance, if you invest ₹1,000 monthly at an average return of 12% per annum, in 10 years, you could accumulate approximately ₹1.5 lakh. Imagine what you could achieve if you start in your 20s! Investment Strategies by Age Group 1. In Your 20s: Start Small and Smart Income Level: Typi...

The Unified Pension Scheme (UPS): A New Era in Retirement Planning

26Aug

By Ankit1 Comment

Blog, Politics, Viral

The Unified Pension Scheme (UPS): A New Era in Retirement Planning

The Government of India has recently introduced a groundbreaking new pension scheme called the Unified Pension Scheme (UPS), set to launch in April 2025. This innovative scheme aims to revolutionize the retirement planning landscape by merging the existing National Pension System (NPS) and introducing a more inclusive and comprehensive approach to pension benefits for government employees. Key Features of the Unified Pension Scheme (UPS) Assured Pension: The UPS guarantees a pension equal to 50% of the average basic pay over the last 12 months before retirement, provided the employee has at least 25 years of service. For those with less than 25 years of service, the pension is proportionate, with a minimum of 10 years required to qualify. Family Pension: In the event of the retire...

2024 Paris Olympics: A Call for Reflection and Growth: Medals to Population Ratio

15Aug

By AnkitNo Comments

Blog, Sports, Viral

2024 Paris Olympics: A Call for Reflection and Growth: Medals to Population Ratio

The 2024 Paris Olympics has ignited a conversation around the performance of nations not just in terms of medal counts, but also when adjusted for population. This perspective allows us to see which countries truly "punch above their weight" on the Olympic stage. Here’s a breakdown of the medal-to-population ratios for some of the top-performing countries, including India. Top-Performing Countries: Medals to Population Ratio Dominica Medals: 1 Population: 71,986 Ratio: 1 medal per 71,986 people Grenada Medals: 1 Population: 112,523 Ratio: 1 medal per 112,523 people Saint Lucia Medals: 1 Population: 183,600 Ratio: 1 medal per 183,600 people Kenya Medals: 11 Population: 55.65 million Ratio: 1 medal per 5.06 million people...

Cyber Heist in Noida: Rs. 16.5 Crore Stolen from Nainital Bank

15Jul

By AnkitNo Comments

Banking, BFSI, Blog, Cyber Crime

Cyber Heist in Noida: Rs. 16.5 Crore Stolen from Nainital Bank

Noida, India - A major cyber heist has rocked the city of Noida, with Rs. 16.5 crore stolen from a branch of Nainital Bank. The incident, which occurred on [Date of Incident], has raised serious concerns about the vulnerability of Indian banks to cyberattacks. According to reports, the criminals exploited a security flaw in the bank's system to siphon off the funds. While the exact method of the heist remains unclear, authorities are currently investigating the incident and attempting to trace the stolen funds. The incident has sparked widespread panic among customers and has highlighted the urgent need for enhanced cybersecurity measures in the banking sector. Read More on: How Cyber Thieves Cleaned Out Rs 16.5 Crore From Nainital Bank Noida Branch (ndtv.com) Also Read: Cy...

PM Modi Unveils ₹29,400 Crore Infrastructure Bonanza for Mumbai

14Jul

By AnkitNo Comments

Blog, Economics, Finance, Goverment Notice/Circulars

PM Modi Unveils ₹29,400 Crore Infrastructure Bonanza for Mumbai

Prime Minister Narendra Modi visited Mumbai today, July 13, 2024, and announced a slew of major infrastructure projects worth over ₹29,400 crore.[1][3] The key projects launched by PM Modi include: Laying the foundation stone for the Thane-Borivali Tunnel Project, valued at ₹16,600 crore. This 11.8 km tunnel will create a direct connection between the Western Express Highway at Borivali and Ghodbunder Road in Thane, reducing travel time by 1 hour.[1] Launching the Goregaon Mulund Link Road (GMLR) project, worth over ₹6,300 crore. This will connect the Western Express Highway at Goregaon to the Eastern Express Highway at Mulund, cutting travel time from 75 minutes to just 25 minutes.[1][3] Initiating the Kalyan Yard remodelling project and the Gati Shakti Multi...

PM Modi Shifts Gears: Overhaul for State-Run Firms, Not Privatization

13Jul

By Ankit1 Comment

BFSI, Blog, Economics, Finance

PM Modi Shifts Gears: Overhaul for State-Run Firms, Not Privatization

In a surprising move, Prime Minister Narendra Modi has announced a shift in strategy regarding state-owned enterprises (SOEs). While the government had previously indicated a strong push for privatization, Modi has now opted for a complete overhaul of these firms, aiming to improve their efficiency and competitiveness. This change in direction comes after extensive consultations with industry experts and stakeholders. The government acknowledges that while privatization can be a viable option in certain cases, it believes that a comprehensive revamp of SOEs is crucial for their long-term success. The overhaul will include a multi-pronged approach: Modernization of Operations: SOEs will be equipped with cutting-edge technology and streamlined processes to enhance thei...

KPMG Launches ‘Clear on Climate Reporting’ Platform to Assist Companies with Climate-Related Financial Disclosures”

12Jul

By AnkitNo Comments

Blog

KPMG Launches ‘Clear on Climate Reporting’ Platform to Assist Companies with Climate-Related Financial Disclosures”

KPMG, the global professional services firm, has launched a new digital platform called "Clear on Climate Reporting" to help businesses navigate the complex landscape of climate-related financial reporting. [2] The hub offers a wide range of resources to assist companies in addressing various climate-related reporting challenges, including: Understanding Financial Implications Determining the impacts of climate-related matters on financial statements [1] Providing relevant and transparent disclosures to enable investor understanding [1] Adhering to IAS 1 requirements for information that could influence investor decisions [1] Accounting for Emissions and Green Initiatives Accounting for emissions programs and voluntary carbon credit sc...

World Bank Projects in India: Understanding its Key Priorities and Focus Area

6Jul

By AnkitNo Comments

Blog, Development Projects, Economics, Finance

World Bank Projects in India: Understanding its Key Priorities and Focus Area

The World Bank, a global financial institution dedicated to fighting poverty and fostering development, plays a significant role in India's economic and social progress. The World Bank projects in India are carefully aligned with the country's development priorities, reflecting a collaborative approach to achieving shared goals. Here's how: 1. Aligning with National Development Plans: The World Bank projects in India are designed to support India's national development plans, such as the Sustainable Development Goals (SDGs) and the National Development Strategy. This ensures that projects address key areas of focus for the Indian government. For example, the "India Climate Resilient Agriculture Project" directly contributes to achieving SDG 2 (Zero Hunger) and SDG 13 (Climate Ac...

Gurgaon’s Skyrocketing Property Rates: A Tale of Demand, Supply, and Development, 2024

28Jun

By AnkitNo Comments

Blog, Real Estate

Gurgaon’s Skyrocketing Property Rates: A Tale of Demand, Supply, and Development, 2024

Gurgaon, once a sleepy town, has transformed into a bustling metropolis, attracting businesses, residents, and investors alike. This rapid growth, however, has come at a price – a staggering increase in property rates. While the reasons behind this surge are multifaceted, a confluence of factors has propelled prices to unprecedented heights in the last couple of years. The Demand-Supply Imbalance The primary driver of this price escalation is the ever-increasing demand for residential and commercial spaces in Gurgaon. The city's strategic location, proximity to Delhi, and thriving IT and corporate sector have made it a magnet for professionals, entrepreneurs, and families seeking a better quality of life. This influx of people has created a significant demand-supply gap, pushing property...