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Lok Sabha passes bill to cut salaries of MPs by 30 per cent

The Salary, Allowances and Pension of Members of Parliament (Amendment) Bill, 2020 was introduced in the Lower House on Monday.

It will replace the Salary, Allowances And Pension of Members of Parliament (Amendment) Ordinance, 2020.

PPF account Extention – How to extend your account with or without fresh contributions

After the maturity of the PPF account, account holders can either extend the PPF account with fresh contributions or extend the account with no fresh contributions. Industry experts say it is better t

post office saving schemes, inactive ppf account, PPF, NSC, TD, MIS, SSY, SCSS know service charges on small saving schemes, recurring deposit,

Demand for residential real estate to halve this fiscal, 5-15% price correction likely across ticket sizes

With demand going down, capital values will remain under pressure across cities. CRISIL expects a price correction of 5-15% across ticket sizes.

real estate, residential real estate, Demand for residential real estate, price correction, CRISIL, developers, RERA, demonetisation, unaffordability, delay in completions

Taking a joint home loan? 4 disadvantages to keep in mind

Among the benefits of a joint loan, people mostly prefer opting for it, not only for the approval of a bigger loan amount but also as they get a chance to get an additional concession and increased ta

home loan, loan, bank loan, loan restructuring, joint home loan,

Now get combo of Health and Term Life Insurance in a single plan – Check details

PolicyBazaar has partnered with Bajaj Allianz Life Insurance and Religare Health Insurance to offer its customers a combination of Term and Health Insurance plan.

Health insurance, Term Life Insurance, combo of Health and Term Life Insurance, PolicyBazaar, Bajaj Allianz Life Insurance, Religare Health Insurance, Religare’s Care Advantage, Bajaj Allianz Smart Protect Goal term life insurance plan

New stock market investors need to adapt 10, 10, 10 strategy: Vivek Bajaj, StockEdge

Someone who does not have additional disposable capital and is in the phase of savings on monthly basis should go with mutual funds, particularly SIPs.

stock market, retail investors, ipo, sip, demat account opening, share price,

Covid-19 insurance claims cross Rs 3000 cr

The Irdai data revealed that in the current financial year till August, standalone health insurance companies have seen premiums of Rs 6,268 crore compared to Rs 4,981 crore in the same period last ye

SBI Life Insurance, life insurance, insurance policy, yes bank,

EPS overhaul: Personal pension accounts on the cards

The plan requires roughly a third of the total Employees’ Provident Fund (EPF) contribution on behalf of new employees with a monthly salary above Rs 15,000, to go to their personal pension accounts

Currently, the government is believed to be sanctioning about Rs 6,000 crore annually to the EPS pool.

Loan moratorium: Check out your options for debt repayments

The government is firmly against any waiver of interest that piled up on unpaid EMIs during the moratorium. As things stand, these borrowers would be saddled with bigger loans than at the beginning of

Pay accrued interest in small amounts as early as possible

As of now the RBI is figuring out the way forward and no clear instructions have been given to the bank. Officially the moratorium is over in Aug 2020.

For the bank manager, it will be a loss of business therefore he will suggest otherwise. But you are the consumer, you should decide when you want to go ahead with the purchase.

Over 35,000 direct tax disputes resolved under Vivad Se Vishwas

This is even as nearly 6 lakh such cases are pending in different forums, including commissioner of appeals, tribunals, high courts and the Supreme Court.

EPF withdrawals at Rs 39,400 crore since March

Subscribers belonging to Maharashtra had withdrawn the maximum at Rs 7, 838 crore followed by Karnataka at Rs 5,744 crore and Tamil Nadu (including Puduchery) at Rs 4,985 crore, labour minister Santos

Multi Cap Funds: SEBI provides options after leaving MF players confused

Compared to current allocations, AMCs need to collectively allocate about 18 per cent more or Rs 27,000 crore in small cap companies to realign the portfolios of existing Multi Cap Funds.

Why we avoid money talks and here is how you can change that

It is imperative that people, young and old, are taught the importance of not only managing their finances but be allowed the freedom to seek help and guidance whenever they feel the need.

money matters, save, invest, start investing, 5 best ways to start investing, Rs 1000 per month, PPF, stocks, mutual funds, Recurring Term Deposits, NSC, SIP, investment tips

RBI resolution plan guidelines favourable for residential real estate, says ICRA

Real estate has been identified as one of the more deeply impacted sectors, and consequently, relatively high leverage levels have been permitted for the sector.

real estate, real estate in India, RBI resolution plan guidelines, residential real estate, ICRA

EPF members withdraw Rs 39.4k crore during March 25-August 31

Employees provident fund (EPF) members withdrew Rs 39,402.94 crore between March 25 and August 31, Parliament was informed on Monday.

fiscal deficit, revenue collection, gdp growth, economic growth

Cross-country remote working arrangements: An overview of tax implications

Business needs may require cross-country remote working arrangements. However, it is critical to factor country-specific regulatory and tax considerations.

Remote working arrangements, overview on tax implications, cross-country implications, income tax, COVID-related travel restrictions, ROR status, Double Taxation Avoidance Agreement

How RBI loan restructuring scheme will impact your finances

Experts say it is wise to repay any existing loans before making fresh investments, as the interest cost saved by repaying the loan is likely to be much higher than the return an investor can expect t

For the bank manager, it will be a loss of business therefore he will suggest otherwise. But you are the consumer, you should decide when you want to go ahead with the purchase.

How to change nominee in NPS account online

Currently, the existing subscribers of NPS, who wish to change their nomination are required to submit the form physically to the Points of Presence for updation.

nps nomination form, nps nominee rules, S2 Form, National Pension System, pfrda, pran, cra

Sebi clarifies on asset allocation norms for multicap schemes

It said mutual funds have many options to meet with the requirements of its circular pertaining to asset allocation framework for multi cap schemes based on the preference of their unit holders.

The regulator said the need was felt to review characteristics of multicap schemes and take necessary steps to clearly distinguish multicap schemes from other categories.

Why term insurance is a must in financial planning

Individuals up to the age of 40 years need a life cover equivalent to 20-30 times of their annual income

Mutual Funds: Check out multi-asset allocation funds 

Multi asset allocation funds invest in equity, debt and gold which help cushion the risks associated with investing in just one asset class

MF Investment: Why you should not stop your Mutual Fund SIP

SIPs should not be treated as an instrument to time the market. Many investors stop SIP thinking that the market has hit the peak.

mutual fund, mutual fund investment, MF investment, SIP, mutual fund SIP, stock market, stock market investment

Have a high credit score? Your loan approval chances can still hit a roadblock

While a higher credit score can improve your chances for availing a loan, there are other crucial parameters that lenders factor in while evaluating your application.

credit score, credit history, loan, loan approval chances, Minimum income eligibility, job profile, High FOIR, loan EMI, loan eligibility

Rising demand: Irdai may increase timelines of two Covid-specific policies — Corona Rakshak, Corona Kavach

The regulator had allowed insurance companies to come up with Corona Kavach, an indemnity plan that will cover all the hospitalisation expenses.

The sum insured in Corona Kavach policy ranges from Rs 50,000 to Rs 5 lakh.

SEBI asks AMCs to restructure Multi-Cap Funds: What would be its impact on risk, return?

As per the new guideline, the minimum asset allocation in equity and equity related instruments of a Multi Cap Fund must be 75 per cent or more.

mutual fund, MF, equity-oriented fund, Multi Cap Fund, asset allocation, SEBI, minimum asset allocation, equity and equity related instruments, risk and return of Multi Cap Funds

LG Manoj Sinha launches health insurance scheme for residents of J-K

The scheme will provide health insurance cover free of cost to all residents and shall include the serving and retired employees and their families as well, he said.

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