May 7, 2026

financial literacy

US Education Department asks colleges to step up as student loan nonpayment rates rise – The Times of India

US Education Department asks colleges to step up as student loan nonpayment rates rise – The Times of India

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US Education Department warns colleges over rising student loan defaults The U.S. Department of Education has issued fresh guidance directing colleges and universities to strengthen their efforts to prevent student loan defaults. The Department reminded institutions of their shared responsibility under Title IV of the Higher Education Act (HEA) to support borrowers throughout their repayment…

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Over Rs 72,000 crore in unclaimed bank deposits transferred to RBI fund: Government – The Times of India

Over Rs 72,000 crore in unclaimed bank deposits transferred to RBI fund: Government – The Times of India

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More than Rs 72,000 crore in unclaimed bank deposits, including amounts lying with foreign lenders, have been transferred to a fund maintained by the Reserve Bank of India (RBI), the government told Parliament on Tuesday. The money is held in the Depositor Education and Awareness (DEA) Fund and reflects balances that have remained untouched for…

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Capital market: Mutual funds could beat banks in credit; Kotak AMC Nilesh Shah explains what investors should do – The Times of India

Capital market: Mutual funds could beat banks in credit; Kotak AMC Nilesh Shah explains what investors should do – The Times of India

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Credit provided by India’s capital markets could eventually surpass bank lending, Kotak Mahindra AMC managing director and CEO Nilesh Shah said on Tuesday, underscoring a structural shift in how the economy is financed.Speaking at an event in Mumbai, Shah said credit, which was traditionally dominated by banks, is increasingly being provided by capital markets and…

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‘Panch-Jyoti’: RBI’s 5-year strategy to boost financial inclusion; key goals and action points explained – The Times of India

‘Panch-Jyoti’: RBI’s 5-year strategy to boost financial inclusion; key goals and action points explained – The Times of India

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Reserve Bank of India Governor Sanjay Malhotra on Monday unveiled the National Strategy for Financial Inclusion (NSFI) 2025-30, aimed at expanding financial access and usage across India over the next five years. The strategy promotes a holistic, ecosystem-based approach to improve the quality, reach, and consistency of last-mile financial services. Objectives focus on women, households,…

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Even six-figure salaries aren’t enough: What high-earning Americans are doing to stretch their paychecks and protect their careers – The Times of India

Even six-figure salaries aren’t enough: What high-earning Americans are doing to stretch their paychecks and protect their careers – The Times of India

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Despite earning six figures, many Americans find themselves caught in the grip of rising living costs, which experts have coined ‘the illusion of affluence’. To cope, folks are tapping into credit cards for everyday needs, maximizing rewards on essentials, and subscribing to buy-now-pay-later services. This financial strain is reshaping social interactions, leading some to forgo…

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