The FinTech Hub
Source: Live Mint Investing in US stocks allows Indian investors to own a slice of the world’s most influential companies, while global exchange-traded funds (ETFs) provide an avenue to diversify portfolios beyond domestic markets. While India’s mutual fund (MF) industry has hit the Reserve Bank of India’s $7 billion cap for overseas investments, platforms such…
Source: Live Mint I’ll be selling my house in a few months. At the time of selling, can I add the cost of furnishing to the cost of acquisition? If yes, what all qualifies as furnishing? – Sanish Jain Under income tax provisions, taxable capital gains from the sale or transfer of a house are…
Source: Live Mint As you enter your apartment, you unlock your phone again to find the app still showing the discount on the latest model of your 18-month-old phone. Without much thought, you click ‘Buy Now.’ Read this | Navigating – and optimising – the three phases of wealth creation What’s at play here is…
Source: Live Mint Employees’ Provident Fund Organisation (EPFO) has launched a new feature for its members as employees can now change personal details like their name and date of birth online without any verification from their employer or approval from the EPFO, reported the news agency PTI on Saturday, January 18. The EPFO members who…
Source: Live Mint In 2023, Kamath stepped down as head of fixed income of the mutual fund segment to head the newly set-up alternatives business. According to a private presentation accessed by Mint, the AIF will only lend to financial services-related companies and is targeting an internal rate of return (IRR) of 11% to 14%….
Source: Live Mint In FY 2023-24, the new tax regime became a default regime. This shift has led many taxpayers to wonder whether traditional tax-saving investments such as PPF (Public Provident Fund), NSC (National Savings Certificate), post office saving scheme and NPS (National Pension System) are still relevant for the purpose of investment. The tax-saving…
Source: Live Mint For conservative investors who avoid taking risks, fixed deposits (FDs) provide a reliable, consistent long-term investment return. Currently there are several banks in India that provide an interest of over 8% on FDs. Out of all the banks, small finance banks provide relatively higher interest rates compared to public, private and foreign…
Source: Live Mint The Employees Provident Fund Organisation (EPFO) has simplified the process of transferring provident fund accounts of members who have changed jobs. The current requirement for employees to submit online transfer claims to previous and present employers has been removed. EPFO, in a circular released on January 15, provided details about cases in…
Source: Live Mint The Cabinet has approved the constitution of the 8th Pay Commission to revise salaries of Central government employees, Union Minister Ashwini Vaishnaw announced on Thursday. The announcement comes days ahead of Budget 2025. What is 8th Pay Commission? The 8th Pay Commission will revise the pensions, allowances, and salaries of central government…
Source: Live Mint Although Indians are increasingly adopting financial assets like stocks and mutual funds, they still have to go a long way in terms of prudent retirement planning, believes Sriram Iyer, the chief executive of HDFC Pension Management. Speaking at the 17th edition of Mint Annual BFSI Summit on Friday, he said that while…
