Amitava Chakrabarty
Covid-19: What leads to bitcoin surge during pandemic period?
From around $7,000 on January 1, 2020 to around $17,000 on November 27, 2020, bitcoin has surged during the Covid-19 pandemic.
Gold slides from all-time high level: What investors should do now?
As a luxury good, as an investment, a reserve asset, as a technology component – gold has various use and benefits from diverse sources of demand.
Merger of Lakshmi Vilas Bank into DBS to provide respite to aggrieved customers, investors
Approval of the Union Cabinet came nearly a week after a 30-day moratorium by on Lakshmi Vilas Bank was put by the Reserve Bank of India.
Cryptocurrency: How different is it from other investments?
The most prominent cryptocurrency – bitcoin has witnessed a spectacular rally in the last 12 months, with its value going up by over 80 per cent during the period.
Gold Investment: Know benefits of investing in digital gold over physical gold
Investment in gold is known as safe haven investment as it acts as a diversifier and mitigates losses in times of market stress.
Covid-19: How this timely decision of RBI helped new investors enter financial markets
This gave the financial sector just enough time to put the technologies in place to enable the video-based eKYC process to allow new customers enter the financial markets digitally during the lockdown.
SBI Alert: Beware! That free Covid-19 testing offer may be a trap
Taking advantage of the Corona nervousness, cyber criminals have adopted various methods to trap people by sending emails containing Covid-19 related communications.
Investing for just saving and return: Know if it’s the right way to achieve your financial goals
Unless you know what your financial goals are, you can't determine how much to save and where to invest to reach the goals on time by taking minimum risks.
Flexi Cap option provides escape route to Multi Cap schemes from enhancing small-cap exposure
Multi Cap funds of most Asset Management Companies have majority of asset allocation in large-caps, moderate allocation in mid-caps and negligible allocation in high-risk small-caps.
Decoding the financial needs of Generation Z
From simpler investment products and all-cash transactions to sophisticated technology-driven investments vehicles and online dealings – India has seen a sea change in the investment landscape.
Income Tax Act allows tax benefits up to Rs 2 lakh on NPS contributions: Know the eligibility
The NPS was first introduced as defined-contribution New Pension Scheme in January 2004 to replace the defined-benefit Old Pension Scheme for government employees.
Jeevan Pramaan amid Covid-19: How pensioners may get Digital Life Certificate issued at doorstep
To help the elderly pensioners, who are not tech savvy, India Post Payments Bank (IPPB) has launched the doorstep Digital Life Certificate (DLC) service.
Investing in cryptocurrency? You may get interest, take loan against deposits
Apart from getting interest on the cryptocurrency deposit, customers may also opt for rupee loans against crypto, where the cryptocurrency will act as collateral.
Need to submit ITR proof? You have to use Income Tax Acknowledgement
For professionals and others, who don't get regular salary, Income Tax Returns (ITRs) are used as income proof for various purposes.
New Format of ITR-V: Know how advantageous, disadvantageous it’s for you
Details like your income, deductions, taxes paid, tax payable, tax refund etc have been removed from the Income Tax Return Verification Form (ITR-V).
LTC Scheme: Can you take LTC advance, auto loan to buy a car?
Under the LTC scheme, an amount up to 100 per cent leave encashment and 50 per cent of the value of deemed fare is to be paid in advance to an employee opting for the same.
With figures of income, deductions, taxes removed, ITR-V can no longer be used as an income proof
Earlier, ITR-V was treated as a proof of filing of return of income as it used to contain data of income, deductions, tax payable, taxes paid etc of an assessee.
Kotak Life launches Kotak Health Shield, forays into comprehensive health insurance segment
It also provides benefits like daily hospitalisation cash benefit, waiver of premium on being diagnosed with minor conditions, and income benefit on being diagnosed with major conditions.
Sundaram Bluechip Fund reopens for subscription – should you invest?
Sundaram Bluechip Fund is an open-ended equity scheme that predominantly invests in large-cap stocks to generate capital appreciation.
Q&A on LTC Scheme: Can you make multiple purchases, pay in cash? Here are the answers
The LTC Cash Voucher Scheme has made the eligible employees curious, who want to know how to avail the scheme, what to purchase, how to pay etc.
LTC Scheme: Remember! Saving on taxes will give you no benefits
On purchasing cars, two-wheelers, ACs, etc, the beneficiaries have to pay the government first the GST of 28 per cent to get the additional reimbursement of around 27 per cent.
Mutual Fund: Time increased for submission of application forms, but you may not get same day NAV
With almost all the services reopened, AMFI had requested the market regulator SEBI to restore the original cutoff timings for MF transactions.
Income Tax Return: Lack of instructions makes ITR filing difficult for AY 2020-21
Along with uploading Excel and Java utilities of ITR Forms, CBDT also publishes the PDF files containing instructions to help filing of the respective tax filing utilities.
Government’s Festival Advance, LTC schemes give impetus to digital payments
While the Festival Advance Scheme is meant for the Central Government employees, the LTC Scheme may also be availed by state governments and private sector organisations.
Staying on rent, but not getting HRA? Know how retired, other individuals may claim tax benefits
Most salaried individuals, who stay in rented accommodations, are eligible to claim tax deduction on rent paid out of the House Rent Allowance (HRA) they get.
Corona Kavach, Rakshak: How to renew, port, migrate your Covid specific health insurance policy
The IRDAI has issued the norms on renewability, portability and migration of standard Covid specific products – Corona Kavach and Corona Rakshak.
Risk labelling to help investors choose right mutual fund scheme to meet investment goals
To make things easier for the investors, market regulator Securities and Exchange Board of India (SEBI) has introduced a new risk labelling system.
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