Bank holidays next week: Private and public sector banks in several parts of India will remain closed for two days in the upcoming week between 4 and 10 May, 2026,…
Category: Banking And Finance
Centre allows 100% FDI in insurance via auto route
NEW DELHI: The on Saturday notified the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2026, which allows 100% in an insurance company through the automatic route. The notification states…
Section 80C income-tax relief: From PPF to EPF and NPS — Here’s which investment options give you ₹1.5 lakh deduction
Section 80C of the Income-Tax Act (ITA) provisions for certain investments by taxpayers to be eligible for up to ₹1.5 lakh deduction when taxable income is calculated for a given…
2008 housing crash fears resurfaces — but can buyers really follow Dave Ramsey’s 25% mortgage rule in 2026?
Are we looking at another crash? Many Americans, who have lived through 2008 market collapse, are increasingly growing uncomfortable amid a steady stream of headlines warning of a possible downturn.…
DA: Highest Dearness Allowance increase of 11% was in 2021 in the 7th CPC — Here’s how much hikes have been announced
Dearness Allowance for central government employees and pensioners (including railways and defence personnel) has been hiked from 58% of Basic Pay to 60%, with effect from January, the Finance Ministry…
8th CPC: What is the role of pay commissions in calculation of Dearness Allowance?
Constituted by the Centre every 10 years to revise the allowances, pay and pensions of its employees, the Central Pay Commission (CPC) is responsible for decisions on contributions, retirement benefits…
Bank deposit risk explained: What happens to your money if a lender fails to return it?
Bank deposits are often considered one of the safest places to park money, especially for those seeking stability and assured returns. However, in the rare event of a bank failure,…
India notifies 100% foreign investment in insurance sector, LIC limit stays at 20%
The central government on Saturday notified 100% Foreign Direct Investment () in companies under the automatic route, allowing greater participation from foreign investors, reported ET Now, citing agencies. () will…
Tax-saving FDs vs regular FDs: Interest rates, lock-in and tax benefits compared
Fixed deposits (FDs) remain a popular investment choice for investors seeking stable and predictable returns. As of May 2026, major banks in India are offering interest rates of up to…
Mandatory but delayed: Why third-party motor insurance claims take years to settle
Third-party motor insurance is meant to pay for the damage caused in road accidents. In practice, that payment is taking years to come through, with lakhs of claims stuck in…