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Source: Live Mint Starting April next year, when the new income tax law comes into force, income tax officials could get the authority to access your social media accounts and emails. The new income tax bill’s clause 247 states that an authorised income tax officer will have the power to gain access by overriding the…
Source: Live Mint While personal loans are being made easily accessible in India, they are a solution in waiting for money to fulfill all possible needs, be it a health issue or weddings. Their easy availability might be concealing some serious threats. Five things worth considering before availing a personal loan are listed below: Personal…
Source: Live Mint In a major step towards improving the timeliness and accuracy of credit reporting, the Reserve Bank of India (RBI) has introduced a new policy mandating banks to report credit bureau accounts on a 15-day cycle from January 1, 2025. This shift from the earlier monthly cycle is expected to give lenders and…
Source: Live Mint To match the score of DSP’s fund, the new kid on the block, the sum of the funds that gave positive returns would need to be more than doubled. Among the 11 funds in this category, six recorded negative returns in the last year, according to the pension fund regulator’s NPS Trust…
Source: Live Mint Former Infosys CFO Mohandas Pai on Wednesday said income tax officers being able to access a taxpayer’s social media account and email starting the next financial year 2026-27, is an “assault on our rights.” The ex-Infosys top official shared a news report on the matter and said the government should provide taxpayers…
Source: Live Mint Unlike a soft inquiry which is carried out when you check your credit score, a hard inquiry happens when you apply for a loan. This leads to an adverse impact on your credit score, albeit temporarily. It is for this reason that it borrowers are recommended to apply for multiple loans within…
Source: Live Mint A 900 credit score is epitome of financial discipline. But can we achieve it and does it make a significant financial impact from almost perfect? Let’s strip out the myths from reality. What is a 900 credit score? Indian credit scores range between 300 and 900, of which 900 is issued by…
Source: Live Mint Credit cards are an integral part of the financial lives of most Indians today, bringing convenience and several advantages, including reward points. Reward points are highlighted as one of the key advantages but the question that has to be taken seriously is: Are they worth it? It is important for card users…
Source: Live Mint No matter how carefully a person plans their loan repayments, sudden financial emergencies can still arise. Current loan borrowers who require assistance can resolve their situation through loan restructuring to restructure terms into more sustainable payment periods. Understanding loan restructuring gives debtors better debt management tools to avoid default. What is loan…
Source: Live Mint Total credit card expenditure in January 2025 declined to ₹1.8 trillion, reflecting a 2 per cent month-on-month decline and a 14 per cent year-on-year jump. Notably, the month-on-month decline in credit card expenditure can be attributable to a base effect since December saw elevated spending on account of year-end and new-year-related expenditures….
