Indian government bonds came under pressure this week, with the benchmark 10-year yield moving above 7% as higher crude oil prices, a global debt-market selloff and concerns over the liquidity…
Category: Banking And Finance
PPF: Here’s how much investment of ₹2,000 per month earns you — Even 5 years’ delay can impact your total corpus
The Public Provident Fund (PPF) is a top choice when it comes to long-term financial planning. Launched by the Centre in 1986, it is a reliable, low-risk government backed savings…
Bank of India mobilises $2.33 billion via FCNR(B), enough to meet one-quarter lending needs: CEO
Mumbai: State-owned lender has mobilised USD 2.33 billion (around Rs 20,000 crore) through FCNR(B) deposits, which will largely replace bulk deposits and provide liquidity sufficient to meet about three months…
₹1 crore fine penalty: Why did IRDAI penalise Canara HSBC for mis-selling insurance to an 88-year old? What went wrong
Thehas levied a ₹1 crore penalty on Canara HSBC Life Insurance Company Limited over mis-selling of a life insurance policy to an 88-year-old customer, according to a Moneycontrol report. The…
Court orders EPFO to pay 6% interest for 35-day delay in settling claim — Here’s how to check status, file grievances
A consumer court last week ordered the Employees’ Provident Fund Organisation (EPFO) to pay 6% interest as compensation to a retired employee for a 35-day delay in settling his PF…
₹20,000 extra every month: Why paying off your personal loan first may win over an SIP
Got a pay raise? Have extra ₹20,000 every month? But how to decide what to do with the money: repay your personal loan faster or start investing it through a…
8th Pay Commission: How much salary hike will a 1.83 or 2.0 fitment factor give you?
A central government pensioners’ union, in a meeting with the 8th Central Pay Commission (CPC) in Chennai, demanded a 3.83 fitment factor. The All India Federation of Pensioners Association (AIFPA)…
MahaRERA orders developer to refund homebuyers: 7 checks to make before booking a flat
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed a developer to refund amounts that buyers were able to establish they had paid for flats, along with applicable interest. The…
Income tax reassessment notice: High court strikes down Section 147A of I-T Act – what it means for taxpayers
In a significant ruling, the Punjab & Haryana High Court has struck down the newly introduced Section 147A of the , 1961, which sought to retrospectively clarify the role of…
DA news update: Punjab employees call off pen-down strike after state govt assures ‘no disciplinary action’
Punjab DA news update: Employees of the Punjab ministerial office called off their pen-down strike after assurance from Chief Secretary KAP Sinha that show-cause notices seeking disciplinary action against those…