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Source: Live Mint If you have invested in tax-saving instruments during the year, it is imperative that you submit the proof of investment to your employer in order to claim deduction for those investments. For the uninitiated, salaried employees are supposed to intimate their employer about the investment they made in tax-saving financial instruments during the year….
Source: Live Mint That’s not all. While you are waiting for your funds, you learn that some other investors in the same bond got their money back in full and on time. This is what happened to 68-year-old Rakesh Seksaria, who invested ₹10 lakh in Andhra Pradesh Power Finance Corporation Ltd (APPFCL) bonds. The 9.4%…
Source: Live Mint Axis Bank IndianOil credit card is a co-branded credit card which is offered by Axis Bank providing you with exclusive offers and cashbacks on fuel transactions. If you are someone who spends a considerable amount of money on fuel refills, then this credit card is an option for you to consider. Key…
Source: Live Mint Vivad se Vishwas Scheme 2024: Taxpayers facing income tax disputes can choose to settle their tax disputes under the Vivad se Vishwas Scheme 2024. This scheme was announced in Budget 2024 and allows taxpayers to pay a lower tax amount. “Under this scheme, you must pay the disputed tax amount and a…
Source: Live Mint Implications for India’s monetary policy The Reserve Bank of India (RBI) faces a delicate balancing act. With the Fed signalling a slower pace of rate cuts in 2025, foreign capital inflows into India could diminish, especially as US treasury yields become increasingly attractive. This may prompt the RBI to consider steps to…
Source: Live Mint The landscape of international investments through exchange-traded funds (ETFs) in India has become increasingly complex, with investors facing unprecedented challenges in accessing global markets. Regulatory constraints and market dynamics have created a unique investment environment where overseas ETFs are trading at substantial premiums. The regulatory stranglehold The Reserve Bank of India (RBI)…
Source: Live Mint In the modern digital age, Amazon has become the preferred online retailer for everything ranging from groceries to electronics. It’s no wonder why we often shop there given its wide selection and easy usage. But it could be hard to choose the best credit card for your Amazon spending since there are…
Source: Live Mint Retirement planning is essential for ensuring financial security in the future. Adopting a proactive, planned investment approach can significantly aid in developing a solid corpus. Industry experts suggest that a person can create a diversified, growth-oriented strategy by combining instruments like systematic investment plans (SIPs) with government-backed programs like the Employees’ Provident…
Source: Live Mint The Pradhan Mantri Fasal Bima Yojana was started by the Indian government to aid farmers by providing them with financial support following a loss. By using the official website, farmers can report crop losses and receive compensation from the government. The program covers all crop losses brought on by natural disasters such…
Source: Live Mint Using a credit card for an expensive item is not unusual. People tend to use a credit card to buy almost everything ranging from a gadget to jewellery, and smartphone to flight tickets. Most banks invariably give a 40-45 day interest free period for making the payment. However, when the bill is…
