Money

Soon, RBI to launch new on-device wallet for small value UPI transactions, product for feature phones

The RBI is going to simplify process flow through a new "on-device" wallet for small value UPI transactions. The Central Bank is also going to launch a UPI-based payment product for feature phone users.

Unchanged repo rate positive for home loan borrowers: Realtors

The unchanged repo rate will help maintain status quo on the prevailing low interest rate regime for some more time. This works well the home loan borrowers as the environment of affordability will continue.

EMIs on home loans to remain unchanged as RBI maintains status quo on repo rate

The status quo on the policy rate comes as a relief to those servicing EMIs on home loans and car loans as they will continue paying the same rate of interest as applicable to them currently.

After the market rally: Get ready for next phase of investment journey

This is the ideal time to calmly walk through your portfolio, perform a risk assessment, make a sensible portfolio adjustment and keep the excess cash at an appropriate asset class

Your Queries (Income Tax): Long-term capital loss on NCD can be set off against long-term capital gain

Capital gain or loss can only arise when there is a ‘transfer’ of capital asset. Fixed deposits made with an NBFC cannot be transferred for a consideration.

Your Money: Follow the 12:80:80 asset allocation approach

Investors need to make decisions rationally and not let market noise or emotional biases get in the way of their mutual fund decisions.

How to save on extra charges when sending money overseas

Apart from fluctuating money exchange rates, there are other charges involved in transferring money from one country to another.

Group health insurance Vs Individual health insurance: Which one should you opt for first?

If you are confused about which one to opt for between the group insurance and personal health policy while claiming reimbursements, the choice remains with the individual and the amount of claim.

Shivalik Small Finance Bank, Indiagold partner to launch India’s first loan against digital gold

Digital gold is an affordable medium to own and save with gold without the trouble of physically handling and storing the asset, SSFB said in a statement.

Realtors expect RBI to maintain status quo on key policy rates

The RBI policy meeting comes against the backdrop of uncertainty around the Omicron virus on the one hand and the US Fed continuing to sound hawkish and markets pricing in accelerated tightening globally on the other.

DSP Investment Managers launches two ETFs – Know what they are and whom they suit

DSP Nifty Midcap 150 Quality 50 ETF follows a zero-bias, rule-based strategy by replicating the Nifty Midcap 150 Quality 50 Index, without fund manager 'thinking' or emotions involved.

ITR Filing: Taxpayers now need to give a quarter-wise breakup of dividend income – Here’s why

With effect from FY21, the government has made dividend distributed by an organisation taxable in the hands of investors.

National Pension System Returns: Over 12% in NPS equity schemes in 12 years!

The NPS equity schemes have recorded more than 12 percent returns over a period of 12 years

NPS returns high, cover widening fast: PFRDA

Subscribers to NPS have got average return of 10-12% over the last 12 years, PFRDA Chairman Supratim Bandyopadhyay on Monday said.

There will be ‘mild increase’ in term plan premiums: Bajaj Allianz Life MD Tarun Chugh

Addressing a virtual press conference, Chugh said it is difficult to estimate the likely impact of the Omicron variant of Covid-19 on India’s life insurance industry at present, and his company is now back to “scenario planning”, which the insurer has been doing in the last 18 months.

Your Money: Go for floater funds, floating rate bonds or market-linked debentures

The repo rate is currently at an all-time low of 4%. The repo rate is likely to remain in the 4-5% range for some time now, given the prevailing macroeconomic scenario.

Your Queries (Loans): You can avail tax deduction for interest paid on education loan

There are pros and cons of both options. In favour of the loan are the facts that interest rates are low currently and you will be able to get a cheap loan.

Mutual funds: Know the role of alpha & beta in MF returns

A skilled fund manager can use the idea of beta while making a portfolio to generate positive alpha

Allow us to regulate hospitals to protect policyholders interest: Irdai member

The member explained that as an insurance regulator, Irdai wants to protect public against continuous increase in health insurance premiums.

DLF Cyber City Developers awarded US Green Building Council’s LEED Zero Water Certification

In India, DCCDL is now the first commercial developer and the largest globally to achieve LEED Zero Water for Cybercity, Gurugram.

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