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…
Category: Banking And Finance
5 diversified equity funds that have delivered the highest alpha
For investors seeking returns that consistently beat benchmark indices, alpha is one of the most important measures of a fund’s performance. It reflects a fund manager’s ability to generate excess…
I asked ChatGPT: Which Indian metro is best for buying a home on a ₹1 lakh salary? Here’s how it ranked…
I asked AI among the megalopolises in India where is it best to buy an apartment or house now at ₹1 lakh salary, here’s what it said I asked ChatGPT…
Repo rate explained: How RBI rate cuts and hikes affect your EMIs, savings, and investments
The RBI announces its monetary policy decisions at its bi-monthly Monetary Policy Committee (MPC) meetings, and one of the most closely watched decisions is the policy repo rate. It directly…
8-4-3 rule SIP strategy explained: How ₹5,000 monthly investment can grow into crores with compounding
Do you aspire to build long-term wealth? Do you know that building long-term wealth does not always require a large or humongous investment? With devotion, discipline, patience and the power…
Buying land in India: Should NRIs use NRE or NRO funds?
I’m a US NRI. I am currently in the process of purchasing land in my hometown in India. I have funds available in both my NRE and NRO accounts in…
UPI transactions soar to record of Rs 29.9 lakh crores in May
New Delhi: Summer travel and IPL fever pushed transaction through the popular (UPI) to a record highs of Rs 29.90 lakh crore and 23.2 billion in value and volume terms,…
Five timeless investing lessons from Warren Buffett’s most storied ‘no’
Crisis or no crisis, Warren Buffett remains an intense thinker; he won’t invest where he can’t understand the business or protect the downside. This disciplined investment philosophy is why he…
Sukanya Samriddhi Yojana: If opened at 5, will it mature at 21 or 26? Can you withdraw earlier?
One of the most confusing aspect of Sukanya Samriddhi Yojna (SSY) is its maturity timeline. Many parents open the account several years after their daughter’s birth—when she is 5, 6…
Gold and silver prices today, 1 June: Check retail rates of 24K, 22K gold and 999 silver in Delhi, Mumbai, other cities
Gold price today 1 June: Gold rate declined in morning deals on MCX on Monday, 1 June, dragged by a stronger dollar and elevated crude oil prices, even as investors’…