The Finance Ministry last week announced 2% hike in Dearness Allowance (DA) for central government employees and pensioners (including railways and defence personnel), effective from 1 January 2026. This effectively…
Category: Banking And Finance
RBI asks banks to report overseas rupee OTC derivative contracts to CCIL
Mumbai: The RBI on Monday asked banks to report all over-the-counter (OTC) foreign exchange derivative contracts involving the rupee undertaken globally by their related parties to , while providing them…
Tata AIA launches ‘Shubh Health Criti’ market-linked health fund covering 60+ critical illnesses; check key features
Tata AIA Life Insurance on Monday, 27 April, introduced ‘Shubh Health Criti’, a unit-linked life insurance plan. It aims to redefine traditional protection by enabling customers to build a dedicated…
LIC child plans 2026 for education, IRR growth: Compare Jeevan Lakshya, New Children’s Money Back and Jeevan Tarun
Do you have a child and are you looking to secure their educational future? There are several prominent LIC child plans to help parents combat rising educational costs, inflation, and…
SCSS vs SSY vs SBI FD vs PPF: Returns, lock-in, tax benefits, and who should invest
The world is going through very difficult times. This is primarily due to the ongoing US-Israel war against Iran and the never-ending Russia-Ukraine conflict. These tensions have strained international relations…
Sold your new house too soon? Here’s what happens to your Section 54 exemption
I have been living in Singapore for 15 years. In February 2025, I sold my old residential property and used the proceeds to buy a new residential property. I had…
EPF savings: Why ignoring EPS records can cost you your retirement income
Employees’ Provident Fund (EPF) contributions form a key part of retirement savings for salaried individuals, combining employee and employer contributions each month along with annual interest. Alongside the EPF account,…
When do NRIs have to pay income tax in India? Check eligibility, rules, I-T return forms & more
Income-Tax regulations in India outline special provisions for certain types of income earned by non-resident Indians (NRIs). As per the law, NRIs have to pay tax on income earned or…
More people are stopping SIPs: Should you also consider exiting?
If you’ve opened your investment app lately and felt a bit uneasy, you’re not alone. Seeing your SIP (Systematic Investment Plan) portfolio in the red can make anyone question whether…
India’s banking system turns sluggish amid loan recovery delays and legal hurdles: CII report
New Delhi: India’s banking system needs urgent reforms to address delays in loan recovery, simplify legal frameworks, and improve overall efficiency, according to the Confederation of Indian Industry’s (CII) ‘Report…