Economy / Livemint
EPFO has released a circular detailing the settlement of physical claims in death cases. The numerous cases mentioned by the EPFO include a) Where incorrect member details are given in aadhaar, b) Unavailability of aadhaar in respect of pre-aadhaar death cases, c) Aadhaar got deactivated, d) others
Sebi held consultations with the industry representatives from AMFI and various AMCs, and has now proposed that mutual fund schemes may invest in such overseas mutual funds which have exposure to Indian securities not more than 20 percent of their net assets
RBI's decision to allow UPI for cash deposits at ATMs may render debit cards irrelevant as mobile payments surge. Debit card usage has stagnated, while mobile payments have more than doubled in the last three years, according to RBI data.
Explore the extravagant lives of Korea's super-rich, their lavish spending on designer items, and the hollowness of their displays of wealth. Follow the stories of individuals like David Yong and Aren Yoo, reflecting on the consequences of flaunting wealth and the importance of discretion.
SBI Automotive Opportunities Fund is a thematic mutual fund that aims to generate long-term capital appreciation for unit holders by investing in a portfolio of companies engaged in automotive and allied activities. The scheme opened for subscription on May 17 and will close on May 31.
From time to time, Sebi has released circulars to make a set of rules which govern the criteria for credit rating agencies. The regulator has now released a master circular to enable the investors to have access to all the directions at one place.
One way to check the authenticity of notice sent by the tax department is to cross check the email ID from where it is sent. Alternatively, you can authenticate the veracity of notice by visiting the tax department website.
Investors should focus on long-term financial goals by continuing with the same index in a Systematic Investment Plan (SIP) rather than switching annually to the best-performing index of the previous year, as revealed by a study from WhiteOak Capital Mutual Fund.
Angel One launched an engaging and fun educational platform for youngsters Fin One catering to young investors. It aims to deliver infotainment content that engages, entertains, and empowers, cutting across geographical & socioeconomic barriers
Deepak Shenoy has lent a counter-view on the issue saying that taxes are not high at all in real estate, compared to all the subsidies one gets in the sector.
Maternity insurance plans have become increasingly popular amid rising healthcare costs, with an 80 per cent YoY rise in FY24.
Gold consumption in China has increased by over 6% this year despite higher prices. There is a lesson for the rest of the world in this
Indian workers do not face a level-playing field when it comes to receiving social security benefits in some countries like the US and UK. And it may not get better.
For withdrawal of your EPF money, you should ensure that you have seeded relevant details in the EPFO database. These details are as follows: Aadhaar, bank account number along with IFSC details and your Permanent Account Number (PAN).
Retirement goals are among the most important since the accumulated money is consumed over years and the post-retirement stage for most is quite long.
SBI offers home loans in the range of 9.15 percent to 9.65 percent based on the CIBIL score. The higher the score, the lower the interest rate. When the CIBIL score is above 750, the bank charges 9.15 percent and when the score is between 550 to 649, the bank gives loan at 9.65 percent
Investors can take exposure to gold via ETFs and Sovereign Gold Bonds. Gold should be viewed as a diversification tool in a portfolio, not for high returns. Central banks' strong demand for gold has surged prices, with majority purchases from emerging markets.
Indian regulators drive real estate sector transformation with progressive reforms including RERA Act, GST, and REIT regulations. SM REITs democratize access to real estate investing, offering transparency, liquidity, and diversification for retail investors.
The EPFO has come out with an arrangement wherein 19 regional offices are linked to 36 collaborating regional offices in order to expedite the claim settlement process.
Whether its an RIA, PMS provider, MF distributor or RA, ascertain their qualifications, experience and charges before you proceed
Some of Indias largest property developers including Prestige Group, D B Realty, and Brigade Group have outlined mega budgets to expand their hospitality businesses, looking to capitalise on the hotel sectors promising growth trajectory
Kangana Ranauts assets entail 50 insurance policies issued by the Life Insurance Corporation (LIC), gold weighing 6.7 kg amounting to 5 crore, silver weighing 60 kg amounting to 50 lakh and diamonds amounting to 3 crore.
The number of individual traders in the derivative segment has surged from 710,000 in 2018-19 to 4.52 million in 2021-22 and 9.57 million in 2022-23
Books like 'The Money Book for the Young, Fabulous & Broke,' 'Let's Talk Money,' and 'The Intelligent Investor' offer practical insights on managing money, investing, and building wealth for young adults.
Medical tourism is on the rise globally, with individuals seeking top healthcare treatments worldwide. Global health insurance plays a crucial role in ensuring a seamless healthcare journey, addressing financial challenges and providing access to quality care across borders.
Investing in mutual funds tracking Nifty Bank Index and Nifty PSU Bank Index offers exposure to specific sectors. Nifty Bank Index includes liquid Indian banking stocks, while Nifty PSU Bank Index focuses on public sector banks.
State Bank of India raises fixed deposit interest rate on these tenors
SCSS, POMIS, and FRSBs are low-risk options for seniors seeking regular income. SCSS offers 8.2%, POMIS 7.4%, and FRSBs 8.05% interest annually. Combining investments in all three can yield a monthly income of approximately 52,000, with room to grow using FRSBs.
Income tax return filing deadline of July 31 is exactly 75 days from now. The tax department has already released the requisite forms. You can check the form that is applicable in your case, and you can then start the process to avoid the last-minute glitches
The IT department has been issuing a flurry of tax notices to NRIs who sold property in India in the past and did not pay capital gains tax or failed to file an ITR to report the sale
Warren Buffett suggests investors to do their own research. He likes to do analysis on his own by reading all financial statements. The stock he buys, he does not want to sell often. He said that you should buy companies which even a fool can run because someday a fool will
SEBI relaxes KYC norms on portability of KRA records
Before the covid-19 pandemic, Indias real estate business was in a slump. Many developers defaulted and quit the market. Larger developers, meanwhile, gained share. Godrej Properties, whose shares shot up 239% in the last five years, was among them. Heres the inside story.
The Government of India introduced NPS from Jan 1, 2004 (except for armed forces) before rolling it for the general public five years later. The scheme is aimed at providing pension cum investment as security for old age to the citizens of India.
Generally, the seller is bound to disclose any material defect in the property in the sellers title of which they are aware and the purchaser cannot in the ordinary course discover
In an interview, the asset management firms head of passive funds shares his views on passive investments and the shift in interest from benchmark-based indices to more-broad based and thematic indices
A personal effect is a movable property held by a taxpayer for their or a dependent family members personal use, and can include items like apparel and furniture
Most banks tend to offer higher rates of interest on long duration fixed deposits. The top banks listed here give interest in the range of 6.5 to 7.5 percent per annum.
To create future wealth, prioritize saving over spending by making it a habit. Savings bridge the gap between current financial well-being and future security, catering to emergencies and luxuries. Tracking expenses and budgeting can aid in increasing savings for a prosperous future.
Tax filing can be complex, leading to costly errors. Seek advice from a seasoned CA to avoid common mistakes like selecting the wrong form, handling F&O transactions and more.
Different sectors peak and fall at various stages in an economic cycle. By entering or exiting various sectors at the right time, one can maximize the overall return profile of their portfolio.
I have identified a buyer to sell my property in Bengaluru when I travel to the country this year. But, because of the 120-day rule, I no longer qualify as a non-resident in India
In a directive dated 29 April, the central bank noted three unfair practices with respect to interest on loans that banks need to stop
Using personal loans for medical expenses is a choice that demands thoughtful deliberation. This is because personal loans can present both advantages and drawbacks when used for medical purposes.
As personal loans are typically unsecured, there's no need to release any assets from lien or hypothecation. Your personal loan will automatically close once the bank receives the required funds.
Repaying top-up home loans promptly is important, and it's wise to be cautious about overleveraging. Consider opting for these loans only when you need extra funds for essential purposes like renovations; otherwise, it's best to avoid them.
The services sector PMI was reported at 60.8 in April, the manufacturing PMI was bright too and GST collections have started this fiscal year with a new record high. Reason enough for optimism?
An intellectually homogenous establishment that determines how artists are rewarded can cramp diversity of thought. Conventional thinking doesnt create art.
On the campaign trail, the US President said xenophobia was responsible for stalling economic growth in India, China and Japan. His comment is puzzling, especially in India, which has the worlds fastest-growing major economy and prides itself on inclusivity.
Interest rates will probably stay higher for longer not just in the US, but here in India too. It could restrain a revival in private investment and constrain what the government can spend.