Investors love to earn higher returns on their investments but without taking too much risk. Typically, high-risk investment options give you higher returns but the Post Office Savings Schemes give you several options where you can earn similar or even higher returns than fixed deposits (FDs) without any risk. Retired people and those who avoid
NPS Monitoring Rule: The Department of Pension and Pensioners’ Welfare (DoPPW) has informed that an NPS oversight mechanism would be set up in each ministry and department to ensure proper monitoring of contributions made by central government employees towards the National Pension System (NPS). The Monitoring Rule for NPS (National Pension System), under the NPS
Gold prices ahead of Dhanteras, Diwali: Domestic gold prices have rallied nearly 30% in the past one year and are now hovering around Rs 80,000 per 10 grams level for the last one week. Since last year’s Diwali on November 10, the precious metal has seen its price jump from Rs 60,750 to Rs 78,700
Question: What are the tax implications for gifts and bonuses received during Diwali under the Income Tax Act, 1961? Response given by CA (Dr.) Suresh Surana:During Diwali, individuals often receive gifts from employers, relatives, and friends. It is essential to understand that, under the provisions of the Income Tax Act, 1961 (hereinafter referred to as
MobiKwik, a prominent digital financial services platform in India, has introduced an Instant Fixed Deposit (FD) feature within its mobile application, collaborating with Small Finance Banks (SFBs). This initiative is designed to streamline the savings experience for its users. With MobiKwik Fixed Deposits, individuals can commence their investment journey with a minimum amount of Rs
Dwarka Expressway, India’s first elevated eight-lane highway, is rapidly evolving into a leading commercial and residential corridor in Delhi NCR. It has become a prime destination for real estate development in the Capital, offering opportunities for both businesses and homeowners. Residential and Commercial Boom Along the Expressway The construction of the Dwarka Expressway has triggered
Central government pensioners turning 80 will receive an additional pension in the form of additional compassionate allowance, the Department of Pension and Pensioners’ Welfare (DoPPW) clarified in an Office Memorandum issued on October 18. The DoPPW, which comes under the Ministry of Personnel, PG & Pensions, has shared new guidelines regarding additional pensions for central
When it comes to choosing between term insurance and whole life insurance, this can be tricky. Term insurance is like renting coverage for a fixed period. During this period, you pay either a lump sum or periodically to get a coverage to give your loved ones a financial security in case of your death. While
India’s retail sector has witnessed unprecedented growth over the past decade, driven by rapid urbanization, rising disposable incomes and a shift towards organised retail. Notably, in cities like Gurugram, the retail sector has grown exponentially with the increasing presence of global brands and businesses. According to a report by the Boston Consulting Group (BCG) and
Capital markets regulator SEBI barred five individuals from the securities markets for one year and directed them to impound illegal gains of nearly Rs 1.53 crore made from their front-running activities.The regulator also imposed a penalty of Rs 10 lakh on Nikhil Khaitan, Rs 5 lakh on Om Prakash Khaitan, Manju Khaitan, Neha Khaitan, and
In a testament to India’s burgeoning luxury real estate market, there has been an unprecedented surge in ultra-luxury residential sales. Over the past three years, a staggering 49 ultra luxury homes, each commanding a price tag of Rs 100 crore or more, have changed hands in the country’s premier metropolitan hubs of Mumbai and Delhi-NCR
The Reserve Bank of India (RBI) is likely to go for a rate cut in its April MPC meeting, which may prompt banks to lower the interest rates on their fixed deposits further. It may be noted that some of the banks and financial institutions have already reduced their FD rates following the 25 bps
In a recent Twitter post Elon Musk announced that “xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).” Musk had bought Twitter/X for $44 billion in 2022. Therefore, for all practical purposes, there is a clear loss of over $11
