Investing can feel confusing when prices jump, headlines shout, and friends promise easy profits. Benjamin Graham’s The Intelligent Investor offers a calmer way to think about money. Its lessons centre…
Category: Banking And Finance
More households are moving up income ladder: How India’s wealth pyramid could change by FY31
India’s pyramid is undergoing a significant shift, with millions of households moving from low-income categories into the middle and higher-income brackets. Data cited in the ’s Red Herring Prospectus (RHP)…
UPI MDR from 15 October: How merchant charges compare with credit, debit card fees and credit-linked UPI
The National Payments Council of India (NPCI) has announced a merchant discount rate (MDR) on select UPI transactions conducted from person to merchant, effective from 15 October. The revised framework,…
Got a stipend while studying? ₹18.34 lakh ITAT case explains when students can claim income-tax exemption
A postgraduate medical student received ₹18.34 lakh as stipend from Aligarh Muslim University while pursuing an MS in General Surgery. The Department treated the amount as taxable salary, but the…
UPI MDR from October 15: Will your mutual fund SIP, insurance premium or OTT AutoPay get costlier?
From 15 October, selected above ₹2,000 will attract MDR. But recurring payments through UPI AutoPay and mandates are treated differently, while mutual fund and other capital-market payments have a separate…
EPFO wage ceiling raised from Rs 15,000 to Rs 25,000: Who will benefit
Millions of workers could get wider access to retirement and social security benefits after the government approved a major increase in the EPFO wage ceiling. The Union Cabinet on Wednesday…
AU Small Finance Bank vehicle loan portfolio crosses Rs 50,000-crore mark
New Delhi: , which has received RBI’s in-principle approval to transition into a , on Wednesday said its crossed the milestone of Rs 50,000 crore in (AUM). The portfolio surpassed…
Do you pay tax on credit card cashback, referral bonus or old phone sale? Explained
Cashback earned through a credit card transaction, money earned by referring a friend to a fintech app, or proceeds from selling an old phone online may all put money or…
What will happen to investors on digital broking platform? INDmoney CEO responds to UPI MDR charges
A proposal to apply a Merchant Discount Rate (MDR) of 0.02%, capped at ₹300, to capital market transactions via UPI has sparked an industry-wide debate over who will ultimately bear…
‘Inevitable, more competition’: Nithin Kamath backs UPI MDR but flags cost burden for brokers
Zerodha co-founder Nithin Kamath said the Merchant Discount rate (MDR) on UPI was “probably inevitable” given the widespread adoption of the payment system. In a post on X on Wednesday,…