Cash purchases of jewellery over Rs 2 lakh to attract 1% tax from April 1

Now cash purchases of jewellery will attract 1 per cent TCS (tax collected at source) from April 1 if the amount exceeds Rs 2 lakh, as against the current threshold of Rs 5 lakh, according to a PTI re

Protection of consumer’s interests in digital mode of payment

Instructions have been issued on Merchant Discount Rate (MDR) Structure on June 28, 2012, capping the MDR @ 0.75% for payment made through debit cards up to Rs. 2000/- and @ not exceeding 1 % of trans

No official estimation of percentage of black money held in India in cash: Minister

In the last financial year (2015-16) 648 disclosures involving undisclosed foreign assets worth Rs.4164 crore were made in the one-time three months’ compliance window ending 30th September 2015, un

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Online EPF withdrawal, pension fixation likely by May

In a bid to put an end to tedious paper work by its members, the Employees’ Provident Fund Organisation (EPFO) is likely to launch online facility for settlement of claims, including EPF withdrawal

Here’s how you can become a crorepati saving just Rs 3000 a month

If you thought that you need to earn lots of money or win a lottery to become a crorepati, then think again. Small savings can also generate crores of rupees for you. It's a myth that if you are earni

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Keen to take over UTI AMC, LIC stalls listing plans

Life Insurance Corporation (LIC) continues to stall UTI AMC’s listing although three other PSU shareholders — State Bank of India (SBI), Punjab National Bank(PNB) and Bank of Baroda(BoB) — agree

Fixed income investment: Here’s how investors can bond with the best

Fixed income investments happen mostly through the mutual fund route, and rightly so, because of the advantages of accessibility and liquidity.

Income Tax saving investments: Top 5 options available for high-income individuals

The Finance Bill 2017 has proposed a surcharge of 10% of total taxes for taxpayers having income between R50 lakh to R1 crore.

Mutual funds: All you want to know about arbitrage funds

Arbitrage funds take advantage of the price differential of a stock in the cash market and the futures markets.

Mutual Fund industry bets big on SIP to hit Rs 20-trillion AUM mark

Fund houses are betting big on investments through systemic investment plan (SIP) to achieve the magical figure of Rs 20 trillion assets under management (AUM) for the industry by end of the current c

EPFO: Online withdrawal, pension fixation to be a reality by May

Retirement fund body EPFO is expected to launch online facility for settlement of claims, including EPF withdrawal and pension fixation, by May this year to put an end to tedious paper work by its mem

States’ market borrowings set to soar 22% to Rs 4.5 trillion in FY18

Even as the Centre has contained its fiscal deficit at 3.2 per cent for FY-18, the states are looking the other way and their gross market borrowings next financial year are estimated to jump by nearl

market borrowing

The Big Story about actual savings under Prime Minister Awas Yojana: What is the catch?

In a bid to boost low-cost housing, the Prime Minister had on New Year’s eve announced two new interest subsidy rates of 4% and 3% for loan amounts of up to Rs 9 lakh and Rs 12 lakh, respectively, u

Why you should not buy life insurance just to save taxes

Life insurance, as the name suggests, is structured to indemnify or cover your life from uncertainties. It’s not an option, but a necessity. Sadly, if you ask 100 people why they buy life insurance,

RBI draft norms on rationalisation of MDR for debit card transactions: What has changed?

The Reserve Bank of India has decided to amend the Merchant Discount Rate (MDR) on debit card transactions on the basis of merchant turnover rather than the present slab-rate based on transaction valu

NITI Aayog launches Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana to incentivize digital payments

The Government of India has initiated numerous steps to combat the scourge of corruption and black money in the last two-and-a-half years. The Union Cabinet had approved a slew of initiatives in Febru

Your first home on 20-year loan to cost up to Rs 5.28-lakh less now

Giving muscle to affordable housing across the country, the Union government has recently announced two new slabs of interest subvention. Previously, the subsidy was allowed to people earning up to Rs

5 ways to keep your money safe while doing cashless transactions

We are making lots of cashless transaction nowadays but are we aware of the safety measures? Making payments online is a very good step to follow as it helps you in maintaining a budget while tracking

SEBI likely to allow mutual funds to trade in commodities soon

With an aim to deepen the nascent commodity market, SEBI is likely to give mutual funds the go-ahead to trade in commodity markets in a month, while the regulator is also in talks with the RBI to allo

Should you buy a health cover even if your employer is covering you?

There is no better incentive/perk than a group health insurance provided by an employer to his/her employee, considering the rising cost of medical treatments in India. A group health cover is extende

Aadhaar card made compulsory for EPF: Get enrolled for it by following 4 steps

All individuals who have not received their Aadhaar cards yet, or haven't even enrolled themselves for the Aadhaar card, need to get up and immediately get their cards made from the Aadhaar Seva Kendr

What are the rules for claiming LTC? Here are four things to know

Who doesn't want to travel when one's travel expenses are being borne by one's company? Yes, many organisations provide perks and benefits to their employees which are reimbursed in the form of remune

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All public sector banks to join BHIM by February-end

BHIM is the common platform across the nation for making simple, easy and quick payment transactions using Unified Payments Interface (UPI). Keeping this in view, the National Payments Corporation of

Aadhaar Updates: UIDAI demonstrates zero tolerance against unauthorized agencies and websites

Demonstrating zero tolerance to unauthorized websites and mobile applications providing Aadhaar-related services illegally by charging excessive money from the public, Unique Identification Authority

Looking for home loan? 10 reasons why your loan application may get rejected

More and more people are aspiring to purchase property. Property prices are going up, banks are fighting the increasing number of NPAs, and getting a home loan can be a challenge even if you have chan

How to maintain an emergency fund? 5 things to know

Financial planning involves maintaining an emergency fund, which means everyone who is earning and also have dependents, should keep some amount secured to meet a sudden demand. If by any chance some

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Want to invest in equity instruments? Here are 3 ways

Your investments should be well diversified and properly reviewed from time to time. When we talk about reviewing equity investments, it simply means that any equity investment requires an adequate in

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