West Bengal Chief Minister Suvendu Adhikari on Wednesday introduced forms for ‘Annapurna Bhandar’ scheme, which will be verified by officials before enrolment. The Bharatiya Janata Party government has announced ₹3,000…
Category: Banking And Finance
EPFO 3.0: Want to withdraw 100% of your PF money? Check the latest withdrawal rules
EPFO subscribers may soon be able to access their provident fund savings more easily, as the retirement body is allowing subscribers to transfer funds directly to their bank accounts through…
8th Pay Commission latest update: Big salary hike unlikely! Why Centre may settle for a moderate pay revision
Speculation around the 8th Pay Commission continues to grow, as central government employees await clarity on implementation and salary revisions. Meanwhile, reports suggest the government may not agree to several…
US degree now costs more than a 2BHK in Bengaluru and Gurgaon – How parents are prioritising
For Indian parents, sending their children abroad for is increasingly becoming an emotional decision with massive financial consequences. To put things in perspective, the cost of foreign education today —…
Bank holiday today, May 28: Are SBI, HDFC Bank and other banks open or closed for Bakrid/Eid al-Adha?
Banks in most states will remain closed today (Thursday), on Bakrid/Eid al-Adha, May 28, 2026, Since /Eid al-Adha is a gazetted holiday, it will be observed as a public holiday…
Non-banks increase microfinance share amid muted demand
Kolkata: last month expanded their loan share in the microfinance segment that, however, shrank in aggregate due to a 5% month-on-month exposure drop by through what’s seen as a traditionally…
EPFO: Want to avail pension benefit? Here’s why retirees need Form 10C — FAQs on details, documents you need
The Employees’ Provident Fund Organisation (EPFO), which administers the government’s retirement savings scheme for salaried individuals, provides pension benefit for all subscribers who have an account for more than 10…
Who is a Resident but Not Ordinarily Resident and what are the tax implications?
When an NRI returns to India permanently, tax residency does not change immediately upon arrival. Instead, the change generally occurs after crossing the 182-day threshold in a financial year, or…
LIC launches revamped Jeevan Sathi policy
, on Wednesday launched a revamped plan, which offers a combination of savings and protection. New Jeevan Sathi single premium and premium were launched by LIC CEO and MD R…
Are gifted shares taxed in India? Key rules, exemptions explained
While the term ‘gift’ is commonly understood as a ‘present’ given to someone, it also carries a specific legal meaning. Under Indian law, individuals are allowed to gift money, movable…