97% of Indians are planning to travel this festive and holiday season, with 33% having already booked their travel, according to the Amex Trendex India findings released by American Express today. Leisure tops the list of travel motivations (63%), followed by the desire to explore new places (54%) and reconnect with family and friends (27%).
A new Single Pension Application Form 6-A has been introduced for retiring employees to submit their pension claims, effective from November 16, 2024. This form will be available for online submission through the Bhavishya and e-HRMS platforms starting October 15, 2024. Retiring central government employees are now required to fill out the new Form 6-A
NPS Calculator: The National Pension System (NPS) has gained recognition as a prominent retirement planning instrument for employees in both the public and private sectors across the nation. It is specifically designed to promote long-term savings for retirement, offering an effective means to accumulate a pension corpus. For individuals seeking to secure a pension through
The Goods and Services Tax (GST) Council is expected to consider a proposal to remove GST (goods and services tax) on premiums for term life and health insurance. The proposal, if approved, will offer a significant relief to policyholders and support the insurance sector by lowering costs. The Group of Ministers (GoM) on GST recently
Emaar India — the Indian business entity of the Dubai-based realty major Emaar, famous for developing Burj Khalifa — is now entering the Mumbai market with an offering in Alibag. It will soon be launching its first ultra-luxury villa project — The Casa Venero — in Alibag, Maharashtra. The company has set up their sales
You invest your hard-earned money to meet various financial goals, be it for yourself or your loved ones. But what happens to these investments if you pass away suddenly? Who will get the benefit? Will your family members be able to claim these after your death? Such questions can worry you, as death is a
Saving should be approached with a specific goal and a predetermined target amount in mind. This strategy facilitates the accumulation of the necessary funds to achieve particular financial objectives, such as financing a child’s education or preparing for retirement. It is essential to adopt the principle of “Income minus Savings equals Expenses,” rather than the
The Union Budget 2024, presented in July this year, introduced some major changes to the tax rules for mutual fund investments, impacting both short-term and long-term capital gains. Investors selling mutual fund units within a year will now face a higher tax rate on their profits. For those holding investments for over a year, the
Pay Commission pensions revisions: The Centre recently gave details about subsequent pension revisions and other reforms undertaken for senior citizen pensioners falling in the age bracket of 80 to 100 years. In the Rajya Sabha, Parliamentarians Sadanand Mhalu Shet Tanavade, Baburam Nishad, and Subhash Barala sought details on the increase in grievance redressal by Pension
Stock market participants are expected to track global trends and the trading activity of foreign investors in a holiday-shortened week ahead, with no significant domestic triggers in sight, analysts said. The equity markets will remain closed on Wednesday for Christmas. Looking ahead, analysts pointed out that while no major domestic events are scheduled, several global
In 2024, fundraising through Initial Public Offerings (IPOs) in India hit a record high of Rs 1.6 lakh crore. This milestone was fueled by robust economic growth, favorable market conditions, and enhancements in the regulatory framework. The year saw diverse companies, ranging from large to small market capitalizations, tapping into the IPO route, with the
Starbucks workers’ union, representing more than 10,000 baristas, initiated a five-day strike on Friday, citing unresolved issues related to wages, staffing, and schedules. Initially impacting Starbucks stores in Los Angeles, Chicago, and Seattle, the strike is now expanding to Columbus, Denver, and Pittsburgh. The union, Workers United, plans to escalate the walkouts, potentially involving “hundreds
Inflation is an inevitable part of the economy, and its impact on our purchasing power is often underestimated. Inflation is typically around 6% annually. This means that the cost of goods and services increases by about 6% annually. But what does this really mean for you and your savings? What is Inflation? Adhil Shetty, CEO
