ED arrests realty businessman in Rs 645 crore New Delhi: The Enforcement Directorate (ED) has arrested real estate businessman Vikram Wadhwa under the provisions of the (PMLA), 2002, in connection…
Category: Banking And Finance
How to convert your NRO account to a resident bank account after returning to India? Process and documents required
A NRO (non-resident ordinary) account serves as a convenient way for people living abroad to manage income earned in India such as rent, dividends or pension. However, once a non-resident…
From credit score impact to financial burden, 5 loan risks every borrower and guarantor should know
When you apply for a personal loan, it is generally viewed as a personal finance decision. Still, when a new guarantor is introduced into the scheme of things, the responsibility…
Asset allocation calculator: Find your ideal equity-debt mix based on age, risk profile and investment horizon
Not sure how to split your portfolio between equity and debt? While your age is an important factor to start with, asset allocation is never one-size-fits-all. The right depends on…
The SIP lesson hidden in RCB’s 18-year wait and back-to-back IPL titles
For 18 long years, Royal Challengers Bengaluru (RCB) fans waited. They endured heartbreak, near misses and endless jokes about a team packed with superstars but short on silverware. Yet through…
Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisis
New Delhi: Banks have sanctioned Rs 35,000 crore loans under the () to and industries impacted by the West Asia conflict. The scheme, approved by the Union Cabinet on May…
UPI security, LPG price revision, PAN rules: Key financial changes effective from June 1
As June begins, several financial and regulatory changes are set to come into effect that could impact millions of consumers across the country. Some major changes include updates to UPI…
UPI sets new record: Transactions reach ₹29.9 lakh crore in May
Transactions through the Unified Payments Interface (UPI) touched a an all-time high in May, with the total value of transactions surging to ₹29.90 lakh crore and volumes reaching 23.2 billion,…
8th Pay Commission fitment factor: Will it be 2.57, 2.86 or 4.0? Here’s what experts say
The fitment factor used during the 7th Pay Commission was set at 2.57 in 2016. Whereas for the 6th Pay Commission, this metric was 1.86, which was about 20 years…