National Savings Certificate (NSC) is a government-backed savings scheme that offers guaranteed returns. The popular scheme, launched in May 1989, is suitable for conservative small investors who are averse to taking much risk when it comes to investing. NSC account can be opened with a minimum deposit of Rs 1,000 at any post office in
Amidst the changes in interest rates in recent months, many big public sector banks (PSU banks) have cut the interest rates of their fixed deposit (FD) schemes. The Reserve Bank of India (RBI) has cut the repo rate twice this year, which has also affected the FD rates of banks. However, despite this, some banks
If you are preparing to file Income Tax Return (ITR), then this news is important for you. So far, the Income Tax Department has not made ready ITR e-filing utilities on its portal for Assessment Year 2025-26 (FY 2024-25). What is the latest status on ITR utilities? As of May 20, 2025, there is no
The Modi government in January this year announced setting up the 8th Pay Commission, which will, among several other steps, decide on salary and pension revision for over 1 crore central government employees and pensioners. Since the pay panel announcement, speculations are rife that the new pay panel may settle for a fitment factor in
Written by Pavani Soni The self-help sections in bookstores are replete with texts on ‘How to be rich (quickly)?’. There are numerous courses and discourses on means of generating passive income, exploring side gigs, and becoming the rich dads. With an expansive life expectancy, it’s natural to seek sustenance beyond regular employment. But there’s another
The Employees Provident Fund Organisation (EPFO), which has more than 7 crore active members working in the organised private sector in the country, has ushered in some landmark reforms on the policy front this year. There are several other initiatives in the pipeline. The purpose of these changes is to simplify the process, bring more
The Central Board of Direct Taxes (CBDT) has rolled out as many as seven ITR (income tax return) forms incorporating some key changes in them to align with budget announcements made last year to meet policy objectives and evolving tax norms. These forms, however, have been notified with quite a delay this year if compared
Top 5 debit cards offering complimentary airport lounge access in India: After banks saw a growing demand for credit cards offering complimentary lounge access at airports in India and abroad by Indian users, they started offering the key facility for travelers on their select debit cards also, along with other important benefits like cashback, air
A social media post has again brought the spotlight on how alleged corruption continues in the tax regime and haunts people who want to expand their businesses. The post, shared by Vinod Gupta, revealed his frustration over delays in getting his Goods and Services Tax (GST) registration. He alleged in the post that after failing
US President Donald Trump’s decision to double tariffs on steel and aluminium imports is set to impact India’s metal exports worth $4.56 billion, according to a report by the Global Trade Research Initiative (GTRI). The revised tariffs, which will take effect on June 4, 2025, are expected to make Indian metal products significantly more expensive
The Indian stock market is currently going through a phase of volatility, with the Nifty 50 and BSE Sensex hovering below their record highs. After a good 2023 and 2024, midcaps and smallcaps corrected sharply. This was due to profit-booking, liquidity issues, and high PE multiples, leading investors back to largecaps. Yet, structural growth for
ITR Filing AY2025-26: With almost a two-month delay, the Income Tax Department has made available two Excel-based offline utilities for ITR-1 and ITR-4, which are applicable basically to individual taxpayers with less than Rs 50 lakh annual income. Ideally, taxpayers need an ITR form applicable to them based on their income status and a corresponding
Patanjali Ayurved, the company founded by yoga guru Ramdev, has come under fresh scrutiny from the Ministry of Corporate Affairs (MCA), which has issued a notice seeking an explanation over a series of financial transactions flagged as suspicious by federal economic intelligence agencies. A report by Bloomberg reveals that the government is probing possible fund
