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Source: Live Mint With global warming, dwindling biodiversity and rising pollution threatening posterity and widening economic disparities, campaigns such as Race to Zero and the United Nations’ Sustainable Development Goals matter more than ever. Investors these days are conscious about where their money goes, and environment, social and governance (ESG) has evolved as a framework…
Source: Live Mint The bill, passed by the Lok Sabha on 3 December, says that nominees are only custodians and safekeepers representing the beneficiaries (if there is a testamentary document, e.g., Will/Trust deed) and heirs (in the absence of a testamentary document). They are not owners. However, nomination is important as it aids the process…
Source: Live Mint Under what circumstances a tenant whose landlord is a non-resident Indian (NRI) can apply for a reduction in tax deducted at source (TDS) on rent and what are the documents needed to support the application? Tax must be deducted at the rate of 30% (plus applicable surcharge and cess) on the rent…
Source: Live Mint Why is Pushpa locked away in a red sandalwood shipping container for 40 days with just a book (instead of Duolingo) in Japan? Why do Japanese goons have guns? Was that first fight at Yokohama port only staged so that Pushpa could say, ‘I’ve gone international’? Why is there no connection to…
Source: Live Mint Understanding the MTF In an MTF arrangement, the broker essentially provides a loan to purchase securities. The investor pays an initial margin, a percentage of the transaction value, while the broker finances the remainder. The broker holds the units as security and charges interest. Taxability of MTF transaction gains The nature of…
Source: Live Mint The Employee Provident Fund Organisation (EPFO) allows individuals to only have one Universal Account Number (UAN). Think of UAN as an umbrella account that can house multiple member IDs. When you switch jobs, your member ID changes but your UAN remains the same. However, in some cases, you may be allotted a…
Source: Live Mint In case you fall short of money and urgently need it, one of the most feasible options is to raise a personal loan. There could be numerous reasons for raising it. For instance, you need some money to go on a vacation abroad, or you need it to consolidate your existing loans, or…
Source: Live Mint It is sometimes overwhelming to read credit card statements especially when it relates to the minimum balance you owe. Let’s break it down so you can understand what it is, how it works, and what it can do to your pocket. What are credit cards? Banks and other financial institutions issue credit…
Source: Live Mint Personal loans provide ready access to money, but with responsibilities and downsides. Knowing when to seek a personal loan is the secret to sound financial decisions. Here are closer looks at when it makes sense to take out a personal loan. Understanding personal loans A personal loan allows you to borrow a…
Source: Live Mint Knowing your CIBIL score is the first step towards understanding your financial health. An OTP was earlier required to check your CIBIL score. However, recent changes have enabled you to view your score using only your PAN card. Let’s take you through this easy and effective procedure. What is CIBIL score? A…
/cdn.vox-cdn.com/uploads/chorus_asset/file/24511279/STK417_H_Herrera_Money_01.jpg?w=400&resize=400,250&ssl=1 "Walmart sued over illegally opening bank accounts for delivery drivers")