If you’re planning to take a home loan, this could be a good time for you. The Reserve Bank of India (RBI) made a significant cut of 0.50% in the repo rate on June 7, bringing it down to 5.5%. Since February 2025, the RBI has reduced the repo rate by a total of 1%.
The real fear isn’t about ghosts. It’s about lost years, ruined credit, and regret. Is there something scarier than a haunted house? Yes, it’s a Rs 50,000 investment gone because of a tip you didn’t question. A dream home loan is cancelled because your EMIs ate your savings. Or five years gone, just waiting for
The Income Tax Department is now using modern data analysis techniques to detect those who have hidden or shown less income. For this, the department is working with various government agencies to collect information about such individuals who spend heavily but do not report their income properly. What is the new update? The Central Board
Many banks have recently updated their rules regarding credit card usage at airports for lounge access. Joining the list, another leading bank ICICI Bank has announced some changes too for its credit card users. These changes will take effect on July 1 this year. According to the latest update, eligible ICICI Bank credit cardholders can
EPFO pensioners alert: Members of the Employees’ Provident Fund Organisation (EPFO) frequently raise queries on social media platforms, including ‘X’, seeking information from the retirement fund body regarding EPF fund withdrawal and transfer, pension eligibility under the Employees’ Pension Scheme (EPS), and other PF-related matters. From time to time, the EPFO also issues clarifications to
DA Hike for July-December 2025: Central government employees and pensioners are hopeful that the last dearness allowance (DA) revision in the 7th Pay Commission will be better than the last one announced for the January-June cycle 2025. The government hiked DA by 2% for the first half of the current calendar year. At present, the
Income tax returns (ITRs) for AY 2025-26 (financial year 2024-25) finally started, with almost a two-month delay, on May 30, 2025. The Central Board of Direct Taxes (CBDT) on May 30 released two Excel-based utilities for ITR-1 and ITR-4 filers. Usually, the government makes online and offline ITR utilities available in the second or third
Housing sales in India’s top 15 tier 2 cities dropped by 8% year-on-year in the first quarter of 2025, according to a report by real estate data analytics firm PropEquity. A total of 43,781 units were sold in Q1 2025 compared to 47,378 units in Q1 2024. However, despite the dip in volume, sales value
It seems that the high-interest-rate regime, which prevailed for almost three years, has come to an end in the wake of the RBI slashing the repo rate by 100 basis points (bps) this year. However, there are some private sector banks that are still offering attractive interest rates on their fixed deposits (FDs) for senior
IndiGo airline operator InterGlobe Aviation reported a drop in first-quarter profit on Wednesday. The company posted a profit of Rs 2,176.3 crore for the April–June period, down 20.25 per cent from Rs 2,728.8 crore a year ago, and down 29 per cent sequentially from Rs 3,067.5 crore in Q4 FY25. Revenue from operations stood at
It was a quiet yet resilient day on Dalal Street as benchmark indices ended the session on a flat note with a slight upward tilt. The Sensex settled at 81,465.28, up 0.16%, while the Nifty wrapped up the day at 24,855.05, also gaining 0.18%. Meanwhile, the Nifty Bank ended the day at 56,150, down 0.13%.
It seems that long waits and weeks of uncertainty after filing income tax returns (ITRs) have become the thing of the past, at least for many individual taxpayers. This year, many taxpayers are receiving their income tax refunds within mere hours of e-filing their income tax returns. This is a major shift from past years
The Mumbai Metropolitan Region Development Authority (MMRDA) has deposited Rs 560.21 crore with the Registry of the Bombay High Court in an arbitration matter that involved Mumbai Metro One Private Limited (MMOPL). MMOPL, a subsidiary of Anil Ambani-promoted Reliance Infrastructure (R-Infra), is a joint venture between the company and MMRDA. While Reliance Infra holds 74
