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Source: Live Mint Indian tourists are the largest group visiting Sri Lanka, thanks to the country’s proximity—a quick 2.5-hour flight from Mumbai—and its affordability. Following the Sri Lankan rupee’s collapse in 2022, the country became one of the most budget-friendly luxury destinations. Even 4- and 5-star hotels can be booked in the ₹5,000-10,000 range, particularly…
Source: Live Mint The Ministry of Defence, in a notable announcement, has confirmed that eligible civilian defence employees serving in the Army Ordnance Corps (AOC) and Indian Army will receive a 40-day productivity-linked bonus (PLB) for the financial year 2023-24. This decision, backed by presidential sanction, reflects the government’s recognition of the significant contributions made…
Source: Live Mint With high school approaching, I want him to explore the world and its opportunities, so he can make informed decisions about his educational path. Like any parent, this is a top priority for me too, knowing that these choices will shape not only his academic journey but also his future. I am…
Source: Live Mint In 2022, the Indian government introduced a flat 30% income tax on gains from cryptocurrencies and Non-Fungible Tokens (NFTs). Investors riding the current rally should be aware of their advance tax and reporting obligations to avoid penalties under the Income Tax (IT) Act. With a 1% TDS deducted on sales of these…
Source: Live Mint Unlike direct investment in stocks, which involves cumbersome account setups, regulatory complexities, and high costs for Portfolio Investment Scheme (PIS) or Non-PIS demat accounts, mutual funds offer a streamlined and cost-effective alternative. Mutual funds also allow a person to spread risk across market caps, sectors and asset classes, providing NRIs with professionally…
Source: Live Mint The deadline to file income tax returns (ITR) by corporates and individuals requiring audit for the financial year 2024-25 is November 15, 2024. The deadline was set for October 31, 2024, initially, but was extended to November 15. Any further extension to this deadline is unlikely. This income tax return submission is…
Source: Live Mint Passive income is both a dependable financial safety net and a catalyst for future expansion. However, the first critical step is to maintain a clear boundary between personal and business finances—this foundational strategy enables sustainable growth and effective financial management. Also Read: Thank digital tools for small businesses going formal on their…
Source: Live Mint Children’s Day 2024 celebrates the innocence and potential of every child. For parents, the occasion can be an opportunity to rethink their future planning for their kids. Sound planning requires well-calibrated and smart investments in options like mutual funds, fixed deposits and other schemes. Multiple government schemes have been launched for parents…
Source: Live Mint With the shift towards digital payments, the credit card landscape has evolved, too. Along with the rapid changes in the credit card space, there is a need for enhanced security measures. The EMV chip technology or credit card security chips is one such measure. What is EMV chip technology? Europay, Mastercard, and…
Source: Live Mint Many people buy credit cards to earn rewards and cash back and benefit from the same. Undoubtedly, they are a great choice for people who can manage them. However, a lot of people struggle with missed deadlines and managing multiple cards at once seamlessly. Credit cards can be managed easily with the…
