The issue of service charges levied by banks on credit and debit card transactions at petrol pumps was taken up in taken up in Parliament in the recently concluded winter session by a Lok Sabha member. A parliamentarian raised a volley of questions to the government about the service charges imposed by banks on credit
Every year, lakhs of LIC policies mature, and thousands of policies become due for payment due to death claims. However, in some cases, claimants and nominees do not come forward to claim their rightful money. So, what happens to these funds when they remain unclaimed? Unclaimed funds held by the Life Insurance Corporation of India
Mutual Fund SIP Calculator: When evaluating the potential results of consistently investing a fixed amount of money each month in a Mutual Fund SIP (Systematic Investment Plan) over a ten-year period, it is common for novice investors to contemplate the returns they may achieve. Various online Mutual Fund SIP calculators, including those provided by fund
PM Kisan Samman Nidhi Yojana 19th Installment: The Pradhan Mantri Kisan Samman Nidhi Yojana (PM Kisan) is a crucial initiative aimed at providing financial support to small and marginal farmers in India. Farmers who are eligible receive Rs 6,000 annually which is directly transferred to their bank accounts. Following the release of the 18th installment
A Parliamentary Committee has highlighted the poor response to the government’s contributory pension scheme for unorganised workers — Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SMY). Banasree Purkayastha looks at the reasons behind it & how it can be made more popular Also ReadGet more interest money on EPF claim; interest will be paid up to
Crores of depositors who invested their hard-earned money with Sahara India are eagerly waiting for a refund, even after more than a year has passed since the launch of the CRCS-Sahara refund portal on July 18, 2023. This was done following a Supreme Court order to facilitate the repayment of money to Sahara depositors who
ELSS Mutual Funds: Today, investors have a wide range of options, including fixed deposits, debt instruments, equities, real estate, and more. While some investments, like bank fixed deposits, offer fixed returns in the range of 7% to 8%, these returns may not meet the expectations of all investors. On the other hand, options like equities
Credit card spending moderated in November 2024, followed by strong festive demand in October 2024, reporting a ~16.1% drop month on month (MoM) to ~Rs 1.7 tr. Spending through Point-of-Sale (PoS) transactions dropped by ~14% MoM whereas online spending declined by ~17.5% MoM. This was largely on expected lines, given the high base due to
Paytm has been issued a show cause notice by the Enforcement Directorate (ED) for alleged violations of the Foreign Exchange Management Act (FEMA), the company revealed on Saturday. The notice pertains to irregularities in the acquisition of two subsidiaries—Little Internet Private Limited and Nearbuy India Private Limited—between 2015 and 2019, according to Paytm’s statement. Reassuring
The central government has appointed Tuhin Kanta Pandey as the new Chairperson of SEBI, succeeding Madhabi Puri Buch after her three-year tenure. Buch, the first woman to helm the regulator assumed office on March 2, 2022, had her last working day on February 28 (Friday). As per SEBI’s tradition, a farewell was expected for Buch
Taxpayers who wish to update their income tax returns for the previous two years can do so before March 31. While an updated return can be filed at any time, it must be submitted within two years from the end of the relevant assessment year. For instance, those looking to update their return for the
Despite the government’s focus on affordable housing and the launch of ambitious schemes like PMAY, homes still remain unaffordable for many in India, especially in major cities. So, the question is: what makes housing unaffordable and what can be done to help make cities more livable and sustainable for everyone? In a past video posted
Tuhin Kanta Pandey assumed charge as the 11th chairman of capital markets regulator Sebi on Saturday. Pandey, a career bureaucrat who was serving as the Finance Secretary till now, was appointed chairman of the Securities and Exchange Board of India (Sebi) by the government on Thursday. He replaces Madhabi Puri Buch, whose three-year tenure ended
