The Union Ministry of Petroleum & Natural Gas (PNG) has indicated that liquified petroleum gas (LPG) cylinders for households under the Pradhan Mantri Ujjwala Yojana (PMUY) have been reduced from…
Category: Banking And Finance
EPF nomination: How to check, add and validate your nominee online | A step-by-step guide
Registering an is a mandatory requirement under the EPF Scheme, 1952, for all EPF members to nominate a beneficiary. It helps ensure a smooth and hassle-free settlement of provident fund…
Muted returns on market bets steer funds back to banks
MUMBAI: are staging a quiet comeback as volatility and muted returns from prompt investors to reconsider the safety of fixed-income instruments. As per data, bank deposits stood at Rs 256.9…
Cryptocurrency F&O: How are gains taxed in India? Know rules and ways to report in ITR
Cryptocurrency futures and options (F&O) refers to the trading of derivative contracts based on underlying digital assets like Bitcoin and Ethereum. It allows you to take positions on price movements…
Indian rupee in free fall: What the govt is doing to lure foreign capital and lift currency
India’s currency has been under pressure for quite some time, with the rupee touching record lows against the US dollar. This depreciation is caused by several factors, including economic uncertainty,…
India banks could raise $35-$40 billion via RBI’s foreign currency deposit scheme, PNB CEO Ashok Chandra says
MUMBAI: India’s expects the banking sector to raise $35 billion to $40 billion via foreign currency deposits under a scheme announced by the central bank on Friday, a top executive…
Do you have to pay tax on your NRE deposit interest? Key rules NRIs should know
NRE accounts are a type of bank account available to Non-Resident Indians (NRIs) for parking income earned outside India. Funds in a non-resident external account are maintained in Indian rupees…
Nifty Midcap150 Momentum 50: This index combines mid-cap potential with momentum factor
Mid-cap stocks are known for having a higher growth potential than large-cap stocks. On the other hand, the strategy focuses on stocks that are already showing strong price performance and…
Top 5 multi-cap funds with lowest expense ratios and highest long-term returns for investors to track
Multi-cap funds provide exposure to companies across large-, mid- and small-cap segments, making them a diversified investment option for many investors. When evaluating multi-cap funds, factors such as expense ratios,…