Money

Investors should utilize the pandemic as an opportunity to create resilient portfolios

Investors are willing to invest in global themes as they want to invest in top companies across the world, thereby diversifying their portfolio further and avoiding single country risks.

New NPS Rule: Eligibility condition to get lump sum compensation modified for these employees

Representations were received for extending the benefit under CCS (Extra Ordinary Pension) Rules, to the employees appointed on or after 01.01.2004 and covered under NPS.

NPS Rules, benefits, invalid pension, disability pension, family pension

Your Money: Remain invested via SIP to tide over market cycles

The year 2020 has been a wake-up call for a balanced asset allocation plan

Local mutual funds have seen redemptions with net selling of $ 6.5 bn, as retail investors booked profits.

Longer holding period, more chance of alpha: Piyush Gupta, Director, Funds Research, CRISIL

The Reserve Bank of India (RBI) has proactively cut interest rates in the past couple of years to aid economic growth on the back of the slowdown and the impact of the pandemic.

With Sebi and the industry’s focus to penetrate the hinterland coupled with low yield from traditional fixed instruments, the share of B30 cities could rise.

DDA launches new housing scheme; 1,354 flats on offer, check application deadline and other details

The scheme is completely online, done through the newly developed AWAAS software of the Delhi Development Authority (DDA) from processing of application to possession of flats, a senior official said.

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Affordable housing gets a major boost in Haryana

The Affordable Housing segment is set to get a major boost with the Haryana Cabinet’s go-ahead for amendment in Affordable Housing Policy-2013 Haryana Development and Regulation of Urban Areas Act 1

5 most important financial resolutions for 2021

This is the time of the year when a majority of us make some resolutions as regards our physical fitness but only a few make resolutions for remaining financially fit.

New year gift for Central Government Employees! Modi govt extends disability compensation to all

"Disability compensation" has been extended to all serving central government employees who get disabled in the line of duty and are retained in service in spite of such disablement

Disability compensation for central govt employees

Your Money: 7 new rules impacting savings and investments from January 1, 2021

From writing cheques to using credit cards to making investments in mutual funds, there are a handful of key personal finance changes to keep an eye on while moving into 2021.

from January 1, 2021, new rules, your money, investments, savings, Contactless payments, Standard term life insurance plan, mutual funds

Over 4.84 crore Income Tax Returns for 2019-20 filed till December 31

An analysis of the data showed that filing of tax returns by individuals for 2019-20 has slowed in the current year, while filing by businesses and trusts have increased.

income tax returns filed this year

Your Money in 2021: Smart moves for a healthier financial life

Taking care of one's finances and creating a solid financial plan have become more important now, particularly in view of the Covid-19 like situations, which can turn our lives topsy-turvy.

EPFO begins crediting 8.5% interest for close to six crore subscribers for 2019-20

“We had said that it would be our endeavour to provide 8.5% rate of interest on EPF for 2019-20. We have issued a notification to provide the same. We have also begun the process to credit the said

The directive came following the finance ministry ratification of the interest rate by EPFO’s highest decision-making body Central Board of Trustees (CBT), which it approved in March this year.

Investment Roadmap for 2021: Proper asset allocation for good returns

Rebalance your portfolio, ensure a mix of cyclical and defensive stocks, and keep away from speculative stocks

Insurance: Term policy as foundation for a sound financial plan

A term insurance plan can provide long-term assurance to beneficiaries, and critical care benefits to the policyholder

GoAir announces expansion of services to UAE

Currently, flights to the UAE are operated under an Air Bubble Agreement since international commercial flights to and from India remain suspended from March 23 in the wake of the coronavirus pandemic

Post Office Savings Bank likely to be interconnected with other banks by April

India Post serves more than 50 crore Post Office Savings Bank (POSB) customers through 1.56 lakh post offices across the country. It has an outstanding balance of Rs 10.81 crore under POSB schemes. 

EPFO begins crediting 8.5% interest for 2019-20, to reflect in EPF accounts from January 1

A large number of members of the Employees Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20, a senior officia

The minister also said that he has asked to ensure that all those members who are retiring on December 31, must get 8.5 per cent rate of interest (for 2019-20).

Income Tax Return: Over 4.73 cr ITRs filed till December 30 for 2019-20

Over 4.73 crore income tax returns (ITRs) for fiscal 2019-20 have been filed till December 30, amid the government extending the deadline for filing ITR till January 10 for individuals. Earlier, the d

The Income-tax department also submitted that the number of returns filed this year has already exceeded by about 6% to 5.95 crore as on January 10, 2021, compared with 5.62 crore as on August 31, 2019 (last date of return filing).

Still waiting for your income tax refund? Just filing ITR is not enough to get it

In case you haven't got the last year's income tax refund amount yet, check if the bank account, which you had selected to get the refund, is prevalidated or not.

income tax, income tax return, ITR, income tax refund, prevalidation of bank account, how to prevalidate your bank account

Key developments in the Indian insurance industry in 2020

IRDAI, ever since the onset of the COVID-19 pandemic, has been leaving no stone unturned to make insurance products and services within the maximum reach of the consumers in the most convenient way po

Mumbai sees historic surge in home sale registrations in December 2020: Knight Frank India

The home sales particularly peaked in the last days of the month with 3059 units being registered between December 28 and December 30, 2020.

Small savings interest rates remain unchanged for January to March 2021

The post office schemes carry the highest safety as they are backed with a sovereign guarantee on the amount invested.

Small Savings Schemes Interest rates, October 2020, PPF, NSC, NSC, KVP, Time-deposits, Public Provident Fund (PPF), Senior Citizens Savings Scheme (SCSS), SSY, Post Office schemes, savings schemes

Resilience sums up Indian real estate in 2020

The COVID-19 pandemic has paved the way for innovation and change, causing both developers and occupiers to take a relook at their real estate portfolios.

Biggest money lessons of 2020 you should never forget

As the momentous year draws to a close, we take a look at its biggest money lessons which will forever guide us in our journey to secure our financial future.

Deadlines extended for filing GST, declaration under Vivad Se Vishwas scheme and Income Tax returns

On the indirect tax compliance, the government has extended the date for filing annual returns under GST for financial year 2019-20 to February 28 from the previous deadline of December 31.

Further, in order to provide relief for the third time to small and middle-class taxpayers in the matter of payment of self-assessment tax, the due date extended, the government said.

Extension of ITR Filing Last Date! One can file income tax return for FY 2019-20 by this date

Direct Tax professionals had urged the FM to extend the last date for filing tax audit report, income tax returns for audit cases.

ITR, Filing, Last Date, extension, income tax return, financial year

Why is timely repayment of loans important? Find out

Loans are useful and obviously help us during our difficult times but late payments and default can have an adverse long term effect on your overall credit history.

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