The 8th Pay Commission has recently concluded its Puducherry visit on 9 September, and is now gearing up for its upcoming visit to Chandigarh on 16, 17 and 18th September,…
Category: Banking And Finance
Father faces ₹12.83 lakh penalty over minor child’s ₹1.17 crore interest income; ITAT Delhi grants relief
A ₹1.17 crore interest income earned by a minor led to a ₹12.83 lakh penalty for his father, even though the income declared in the man’s income tax return (ITR)…
Should you prepay your loan early? Expert weighs in on interest savings, EMIs and future borrowing
Prepaying a loan can reduce outstanding debt and save interest. But does closing a loan early make someone a better borrower, and is prepayment always the best way to manage…
Credit score 780, but home loan application rejected? Expert explains what lenders look for
Your credit score is like your financial report card. It is a three-digit number provided by leading credit bureaus across the nation, such as CRIF High, Experian, Equifax and TransUnion…
Russia’s Sberbank plans major India push, to build business hub
New Delhi: Sberbank CEO and executive board chairman on Friday announced plans to build new financial and technology infrastructure tools as well as establish the largest , as Russia’s biggest…
He had ₹15 lakh in savings but still lost money. Here’s how a 32-year-old fixed his portfolio
Being careful with money does not always mean that one has made a sensible financial decision. Let’s talk about a 32-year-old software engineer who has built up ₹15 lakh in…
Education loans: Parent or student — who should sign on the dotted line?
Taking out an education loan allows families to finance higher education without draining their hard-earned savings or long-term investments. However, families often overlook a crucial structural decision: whether the primary…
Digital Credit and Inclusion Index: Borrowers from Tier II cities are driving India’s digital credit story, finds report
When it comes to India’s digital credit story, it is the tier 2 cities that are leading the charge, according to findings from the Digital Credit & Inclusion Index (DCII)…
SBI developing solution to use UPI data for checking creditworthiness of small biz
Mumbai: (SBI) is developing a solution to use UPI data as a proxy to assess a small business entity’s creditworthiness in the absence of GST registration, a top official said…
SWP: Here’s how to generate ₹50,000 per month as steady income while keeping your corpus invested
A systematic withdrawal plan (SWP) is a feature for mutual fund investors, which allows them to withdraw fixed amounts at regular intervals, while still keeping the corpus invested. It is…