8th Pay Commission Salary Calculator: With the announcement of the 8th Pay Commission, the Central government employees are now keen to know about the changes in their salaries that will be implemented post the formation of the committee under the new pay commission. The Central government employees received much-anticipated update in January regarding the formation
The Life Insurance Corporation of India (LIC) has introduced a new pension scheme, the Smart Pension Plan, designed to offer retirees a steady and reliable income. This single-premium, non-par, non-linked plan provides a range of annuity options, including choices for single life and joint life annuities. LIC, promoting the plan on its X (formerly Twitter) account
Porting your health insurance policy can be a smart move to secure better coverage, lower premiums, or improved benefits. However, the process isn’t always seamless. Even small mistakes or oversights can lead to unexpected coverage delays, gaps in protection, or even claim rejections. Understanding the common pitfalls can help you navigate the transition smoothly and
The proposals introduced by Finance Minister Nirmala Sitharaman in the Finance Bill 2025 have been widely appreciated by stakeholders for their tax-friendly approach, particularly for those taxed under Section 115BAC of the Income Tax Act, 1961 (‘the Act’). Optically, the proposals made in the said bill look more fascinating as they have narrowed down the
There is a need for regulatory bodies such as the Pension Fund Regulatory and Development Authority (PFRDA) and the Employees’ Provident Fund Organisation (EPFO) to collaborate and build synergies to address the roadblocks in the growth of pension fund corpus, according to Rahul Bhagat, CEO of DSP Pension Fund. ALSO READNo refund for late ITR
Worried and anxious about the current volatility in the Indian equity market, where the small and midcaps (SMIDS) in particular have been hammered, investors are now wondering what they should be doing with the existing mutual fund SIPs. Many investors, in panic, have already discontinued or stopped their SIPs. The Association of Mutual Funds in
Despite a sharp surge in property prices the demand for luxury housing remained strong in 2024. The segment resisted economic slowdown, as the HNIs and UHNIs did not shy away from buying big-ticket luxury properties. This growing affinity of India’s middle and upper-class buyers towards luxury projects puts forward a bigger picture. This premiumization trend
The Indian stock market has been experiencing prolonged volatility, with negative returns stretching over several months. This has left many investors questioning whether they should halt their Systematic Investment Plans (SIPs) and shift to safer options like fixed deposits (FDs). SIPs are a popular investment tool, allowing investors to invest small amounts regularly in mutual
The Indian real estate sector continues to be a crucial pillar of economic growth. While the 2025 Union Budget didn’t introduce major overhauls, the reforms announced are set to provide much-needed support to the industry. With a strong emphasis on infrastructure development, tax relief measures, and investment-friendly reforms, the industry is set to benefit across
Using a credit card for large purchases is common. But paying off big bills later can be stressful. In such cases, converting your credit card balance into EMIs is a good option. Credit cards make shopping easy. With just a swipe, you can complete transactions instantly. Most banks offer credit cards with minimal paperwork. Plus
Cryptocurrency exchange Bybit announced that one of its Ethereum cold wallets was compromised. An attacker managed to transfer approximately $1.5 billion worth of assets to an unidentified address, triggering widespread concern in the crypto community. Bybit confirms breach Bybit CEO Ben Zhou confirmed the security breach on Friday, stating that only one ether wallet was
Stocks tumbled on Friday following weaker-than-expected economic reports, signalling potential adverse effects of President Donald Trump’s policies on US business activity. The S&P 500 and Dow Jones Industrial Average both fell by 1.7%, their steepest one-day declines since December 18, 2023. Meanwhile, the Nasdaq composite dropped by 2.2%. Business activity nears stall speed A report
The process to modernise Semi-Conductor Laboratory (SCL), country’s first chip fabrication unit, has finally started. The company has invited bids to improve the existing 180 nanometre (nm) fabrication line at an estimated cost of around Rs 4,000 crore, officials said.The augmentation and enhancement of the existing 8 inch fab, which uses 180 nm technology node
