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Source: Live Mint The Delhi government has announced an expansion of its old-age pension scheme, bringing an additional 80,000 senior citizens under its ambit. With this move, the total number of beneficiaries will rise to 5.3 lakh. AAP national convenor Arvind Kejriwal made this announcement on Monday, emphasising the government’s efforts to support senior citizens…
Source: Live Mint If you are planning to raise a personal loan then one of your key concerns could be to determine how easily and comfortably you can repay the same. Notably, borrowers can determine the loan repayment tenure on the basis of numerous factors. At the outset, it is worth mentioning that the personal loan…
Source: Live Mint With the year ending, it is time for all the generic investors to adjust their focus on their portfolios owing to the shift in the market dynamics. Many portfolios have become excessively tilted towards equities as the Nifty50 has noted new highs and mid-cap stocks have performed exceptionally. “It is suggested that…
Source: Live Mint My daughter is 21 years old, dependent and has no income of her own. She has been studying in the USA since 2022 and is thus an NRI. She has a savings bank account in India, a PAN and an Aadhaar. I understand NRIs cannot avail of any items under section 80C,…
Source: Live Mint Inflation has a direct effect on financial security. High inflation reduces purchasing power and damages long-term savings. Money saved for long-term objectives like retirement or education gradually loses value due to rising living expenses. What is inflation? Simply put, inflation is the gradual increase in everyday products and services costs. This implies…
Source: Live Mint A personal loan is a flexible financial option that facilitates quick access to funds for home improvements, meeting medical emergencies, travelling, or educational purposes. Equated Monthly Installments (EMI) comprise fixed monthly payments toward the principal and the interest components of the borrowed amount. This article explains how EMIs work, what affects them,…
Source: Live Mint The Unique Identification Authority of India (UIDAI) has extended the deadline for free updates to Aadhaar details until December 14, 2024. Citizens can modify information such as their name, address, or date of birth without any charges via an entirely online process. After the deadline, updates will incur a processing fee. Why…
Source: Live Mint You must have read media reports about how credit card customers received email/SMS messages about fraudulent transactions done on their credit cards from foreign locations. Did you know that international online transactions on credit cards don’t need a one-time password (OTP)? Hence, if someone gets your credit card details, they can do…
Source: Live Mint The central government has launched the PAN 2.0 project, revising the country’s current permanent account number (PAN) system. The Income Tax Department (ITD) plans to streamline and digitise the existing PAN system in India through PAN 2.0. The PAN 2.0 project was approved by the Cabinet Committee on Economic Affairs (CCEA), headed…
Source: Live Mint Fixed-deposit schemes will never go out of fashion among investors who are looking for a reliable, consistent, and long-term return on investments. The financial tool is beneficial for even those who want to invest money in a low-risk investment tool for a shorter duration, like one, three, or six months. Fixed deposits…
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