How to become crorepati: Genius doesn’t do different things; they do things differently. Similarly, a smart investor becomes a millionaire or a billionaire by investing wisely. For example, if a…
Category: Banking And Finance
Transfer tax on shares, mutual funds: When it is tax-free and when it is not – explained
Investors are allowed to transfer equity shares or to family members, but the tax treatment differs from that for transfers to non-family members. In general, asset transfers in India, such…
DA hike update: Central government staff to protest on April 16
The wait for the next dearness allowance (DA) hike is getting longer, and patience among central government employees seems to be running thin. For the first time in many years,…
Gold loans soar in India, but it’s southern households leading the charge
have expanded fourfold since March 2022, emerging as the second-largest segment in the after housing loans, with an outstanding value of ₹16.8 lakh crore. However, this rapid growth has been…
Don’t let these 5 mistakes weaken your term insurance cover
Buying term insurance often feels like ticking an important box in your financial plan. It promises peace of mind that your family will be financially secure even if something happens…
8th Pay Commission: Unions push for Rs 69,000 minimum pay and 6% annual hike
Central government employees may see a major overhaul in salaries and benefits if the is accepted. The draft committee of the National Council (Joint Consultative Machinery), known as NC-JCM, has…
I lost Rs 10,000 in a week as war hit stock markets. Why I didn’t stop my SIPs
A few weeks ago, I watched my portfolio bleed for days amid the ongoing West Asia war and found myself asking a question I hadn’t asked in years: should I…
8th Pay Commission: NC-JCM Staff Side seeks ₹69,000 minimum pay, 6% increment annually – check details
The National Council-JCM Staff Side has submitted a 51-page memorandum to the 8th Pay Commission, proposing a minimum basic pay of ₹69,000 with a fitment factor of 3.833. The recommendations…
RBI holds talks with banks on ways to boost deposits
India’s central bank is seeking input from commercial lenders on how they can bring in larger and more stable deposits, as a shift in into equities and other investment products…