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Girl Power: Instruments To Help You Achieve Your Daughter’s Financial Goals by Image: Shutterstock Covid-19 was raging and several parts of Mumbai were locked down, but that didn’t stop Sarika Sinha from giving her daughter the best gift a parent can. Last month, the Mumbai-based finance professional opened a Sukanya Samriddhi Yojana account for her daughter Praashvi, now two. “I will put the maximum Rs 1.5 lakh in this scheme every year,” she beams. Financial planners say the Sukanya scheme is a good option for parents with daughters below 10 years. “The scheme offers assured ret...

Daily Monitor Friday January 15 2021 Close to Shs66.6b, which is transacted through Fintechs on a daily basis, is now locked up due to a shutdown of the Internet. PHOTO | FILE Summary Advertisement Financial Technology companies also known as Fintechs have said they expect to lose at least Shs66.6b on a daily basis after government shut down the Internet on Wednesday.  The loss is expected to affect a wide range of Fintech operations, many of which support financial transactions, spreading to banks, telecoms (mobile money) and insurance companies.  Finetech provide an enabling system for fi...

More than 300 million transactions, which are estimated to be worth Shs666b, are conducted through the Fintechs system on a daily basis