Under the Karnataka government’s ‘Bhoo Guarantee’ 2026 scheme, property owners in Bengaluru can convert their B-Khata properties to A-Khata by paying just 2% of the guidance value instead of the…
Category: Banking And Finance
Marginal relief in income tax explained: Who it applies to and how it works under new vs old tax regime
According to the Union Budget for 2025-26, presented by Finance Minister Nirmala Sitharaman, starting from financial year 2026-27, there will be no income tax under the new regime on annual…
₹1 lakh monthly salary plan: How much should go to SIP, FD, PPF and emergency fund?
Organising assets intelligently when your net monthly take-home salary is ₹1 lakh is vital for building lasting wealth, financial security, and mental tranquillity. An effective financial blueprint should ideally include…
Government gives final nod to Emirates NBD’s $3 billion majority stake in RBL Bank
Dubai-based has received all regulatory and governmental approvals including from the Government of India for its acquisition of a majority controlling stake in Limited, paving the way for the imminent…
Gift tax rules explained: Who can give you money or assets without tax implications?
Gifts received in the form of money, property, or assets are treated as income under the Income Tax Act. If the value of such gifts exceeds the prescribed threshold, they…
RBI imposes penalty on IIFL Finance
Mumbai: The Reserve Bank on Friday said it has imposed a penalty of Rs 3.1 lakh on for certain deficiencies in regulatory compliance. The penalty was imposed for non-compliance with…
Buying or selling property in India as an NRI? Here are the rules you should know
Non-Resident Indians (NRIs) can buy and sell property in India, but such transactions are governed by the Foreign Exchange Management Act (FEMA), Reserve Bank of India (RBI) regulations and income…
Domestic travellers can now buy annual travel insurance for frequent trips: What’s included, how it works and more
Domestic travellers in India can now access a yearly insurance option for frequent trips, providing continuous protection and covering flights, trains, coaches, and highway travel, eliminating the need to purchase…
You can earn up to ₹69,000 monthly income from ₹1 crore FD in small finance banks. Here’s how
In an environment of persistent inflation and evolving interest rates, investors are increasingly looking for stable, predictable income options that protect capital while delivering regular returns. In 2026, small finance…
Better recoveries, low slippages pull down PSU banks write-offs to multi-year lows in FY26
Mumbai: Loan write-offs by declined to multi-year lows in the fiscal year 2025-26 on the back of lower slippages and better recoveries. As per an analysis of bank earnings by…