There is no real need for life insurance when you have just started off your career, unless you have financial dependents. The more compelling need for getting oneself insured at an early stage is for
The RBI has kept the repo rate unchanged at 6.25 percent for the second straight time and thereby it seems to have changed its policy stance from ‘accommodative’ to ‘neutral’. The RBI in its r
It’s always a good practice to pay off your debt as early as possible. An outstanding loan is a financial burden which keeps growing due to the interest rate working on the amount. The longer you ke
Currently, a large number of billers are providing multiple ways of payment options to their customers. Various organisations felt the need of having a single platform to make all these payments and b
Reserve Bank may finally go for a 25 basis points rate cut in August if a good monsoon contains core inflation at a moderate 4-5 per cent, says a Bank of America Merrill Lynch (BofAML) report.
Lots of people often wonder why their premium rates usually go up at the time of policy renewal. Some of them also have to pay a higher premium while buying a policy and then they think that the insur
The government’s emphasis on digitisation and going cashless—although they have their own advantages--seems to be turning into a double whammy for Indian consumers day by day.
This has been a historic budget wherein for the first time, the rail budget was merged with the General Union Budget and advanced to the first day of February. Post demonetization, the expectation was
ATM cards have made one's life easy. You do not have to stand in a queue in a bank for withdrawing money. ATM cards can also be used for online shopping. Not only this, ATM cards come up with various
The government is looking at raising retirement fund body EPFO's investment in exchange traded funds (ETFs) to 15 per cent from existing 10 per cent, Union Labour Minister Bandaru Dattatreya said toda
If you have been keeping yourself abreast of the happenings in the insurance sector, you must have come across the term called ‘high deductible health plans’. Today, we are going to learn all abou
It is the month when love in all its forms and types is celebrated by every couple. Valentine’s Week, starting from February 7 to February 14, brings lots of joy and happiness among people irrespect
The much-awaited Union Budget 2017-18 seems to have maintained a right balance between populism and fiscal prudence. However, a few sectors like insurance and e-commerce felt disappointed as they hard
While we all intently listen to each and every word that the finance minister spells out in his Budget speech, there is more to the Union Budget proposals than what meets the eye…err ears. If you mi
Investors have pumped in nearly Rs 54,000 crore into various mutual fund schemes in January, with liquid, income and equity funds attracting the most of the inflows.
Demonetisation has been unquestionably 'the event of the year'. Reading India’s demonetisation, Donald Trump’s much-anticipated corporate tax plan to lower the business tax rate to 15% (thereby ca
An ideal investment portfolio is targeted to meet every financial goal of an investor, and it needs to be reallocated every now and then to make the most out of market movements. Each investment instr
If you think that your entire salary is taxable, then that is not true. The overall package, which is termed as CTC, comprises many allowances. While calculating taxes, employees must know which allow
Hit hard by the demonetization drive and having failed to get a major push by the Budget, the real estate sector was looking towards the February 8 credit policy announcement with much hope. It was ex
The RBI has kept the repo rate unchanged at 6.25 percent contrary to the expectations of economists who were hoping for a 0.25 percent cut in the rate. However, RBI Governor Urjit Patel, analysing cer
In a surprise move, RBI governor Urjit Patel preferred to keep the key policy rate unchanged at 6.25 per cent in his third policy review, although bankers, market analysts and financial experts were h
As the government seeks to promote digital transactions, Finance Minister Arun Jaitley today exuded confidence that the charges on such payments would come down with increase in volumes.
The government has halved the tax rate from 10 per cent to 5 per cent for individual tax payers who fall in the Rs 2.5 to Rs 5 lakh tax slab. This is supposed to largely increase the tax compliance as
It's a myth that financial planning means only making investments towards your financial goal. Doing financial planning gives you the holistic view of your finances, right from budgeting your househol
Bharat Interface for Money (BHIM) is now available on play store with an updated version – 1.2. BHIM is a different mobile application for doing financial transactions as compared to other mobile wa