A term insurance with a limited premium payment plan is a smart choice for individuals looking to balance affordability with long-term coverage. It allows policyholders to pay off the premium within a shorter duration while still enjoying full coverage for the entire policy term. In such a term plan, while the policyholder pays the premiums
By Neeraj Agarwala I want to give Rs 80 lakh to my daughter to purchase a property. Will she have to pay gift tax? —Ramesh Mahandis Gifts received by an individual from a specified relative are fully exempt from tax, regardless of the amount. Specified relative includes a parent, so the gift of Rs 80
The government is expected to introduce the Insurance Amendment Bill 2024 during the winter session of Parliament, proposing some bold reforms for India’s insurance industry. Narayanan V delves into the potential changes and their impact on the industry What is likely to be included in the Bill? The Insurance Amendment Bill 2024 is expected to
Investing in dynamic bond funds can help individuals optimise returns across varying phases of the interest rate cycle. These funds have the flexibility to invest in both short-term and long-term bonds, depending on the fund manager’s assessment of the interest rate scenario. Predicting interest rate movements is a complex and nuanced process, even for seasoned
A clarification has been sought from the Centre on whether more employees have been appointed on a contractual basis than in regular or permanent roles in central government employment over the past five years. In the Rajya Sabha, Members of Parliament Javed Ali Khan and Ramji Lal Suman raised questions asking the government whether more
Are senior citizens aged above 75 exempt from paying income tax? A post has gone viral on social media platforms like WhatsApp claiming that as India commemorates 75 years of its Independence, senior citizens above 75 will not have to pay income tax any longer. Is there any truth in this claim? PIB Fact Check
EPFO 3.0: The government is gearing up to introduce several measures aimed at enhancing services for EPFO members under the EPFO 3.0 initiative. As part of this plan, as reports suggest, the Union Labour Ministry is considering increasing employees’ pension contributions and issuing an ATM card, similar to a debit card, that would allow them
Coworking firm Incuspaze has plans to expand its portfolio by an additional 20 lakh sq. ft. by December 2025. To fuel this ambitious growth, the company plans to raise USD 25 million through a pre-IPO funding round, according to a press release. Incuspaze, which provides managed flexible office spaces to corporates, is looking to expand
From April 1, 2025, all central government employees (except the armed forces) will get the option to choose from two pension schemes — the National Pension System (NPS) and the Unified Pension Scheme (UPS). The NPS, which was launched in January 2004, replaced the Old Pension Scheme (OPS), and covers all departments under the central
Chennai-headquartered Indian Overseas Bank (IOB) has introduced a specialized Ultra HNI Savings Bank (SB) Scheme designed exclusively for high-net-worth individuals (HNIs). This premium banking initiative offers three distinct variants viz. IOB SB PRIME, IOB SB PRIORITY, and IOB SB PRIVILEGE, each packed with unique benefits tailored to meet the financial needs of affluent customers. Key
Stock markets are set to be influenced by global trends, macroeconomic data releases, and developments in US tariffs during a holiday-shortened week, analysts said. Investors will also keep a close watch on foreign investor activity, geopolitical tensions, and their impact on the US dollar and crude oil prices. Ajit Mishra, SVP of Research at Religare
The combined market valuation of seven of the top 10 most valued companies surged by Rs 2,10,254.96 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers. Last week, the BSE Sensex climbed 1,134.48 points or 1.55 per cent, and the NSE Nifty rose 427.8 points or 1.93 per cent.
According to a joint report by NAREDCO and EY, India’s real estate industry is on track to reach a $1-trillion market valuation by 2030, driven by PropTech innovations and government initiatives like the Smart Cities Mission and the Digital India campaign. Technology continues to play a pivotal role in shaping the sector. In 2024, the
