The FinTech Hub
Source: Live Mint Following the announcement made by the Union Finance Minister Nirmala Sitharaman during Budget 2024, the Central Board of Direct Taxes (CBDT) has set up an internal committee to oversee a comprehensive review of the Income Tax (I-T) Act. The key goal of this review is to make the income tax law concise, clear and…
Source: Live Mint Applying for a personal loan can be a crucial financial decision, offering you the necessary funds for various needs—be it education, medical emergencies, or home renovations. However, before diving into the application process, it’s essential to consider several factors to ensure you make an informed choice. Here are five critical aspects you…
Source: Live Mint I have been working in the US for many years. I want to remit some money to my brother in India. Are these funds taxable in my hands or his? I have already paid tax on the money here. Should I transfer the funds to my account so that my brother can…
Source: Live Mint Personal loans are a flexible financial tool that can help you manage unforeseen expenses, consolidate debt, or fund significant purchases. However, securing approval for a personal loan can be challenging. To enhance your chances of approval, here are five essential tips to consider before applying. What is a personal loan? A personal…
Source: Live Mint You double-check your statement, confirm the transactions aren’t yours, and rule out the possibility that a family member used your card. The charges seem random and the merchants are unfamiliar. Panic sets in as you realise that your card has likely been compromised. What should you do next? Block your card immediately…
Source: Live Mint No one wants to be that “dumb” investor to invest right at the top, see a substantial decline, and then be told: “Of course, the market was set for a crash. Didn’t you see all the signs?” So, we wait some more. The solution is not having the perfect foresight about what…
Source: Live Mint Bank credit in India has been driven by the growth in personal loans which hints at increasing household leverages. These leverages had probably led to exponential rise in the domestic asset prices. This may be attributed either to the changing mindset or overstated economic prospects. It is difficult to deny both possibilities…
Source: Live Mint France is stunning, but it comes with a hefty price tag. Paris and the French Riviera, in particular, have an uncanny ability to drain your wallet before you even realize it. By the end of your trip, you’ll likely be left staring at your credit card statement, realizing that the airfare from…
Source: Live Mint In an increasingly complex financial landscape, investors are constantly seeking effective ways to manage their wealth. Portfolio Management Services (PMS) have emerged as a popular investment option in India, offering tailored solutions to meet individual financial goals. PMS allows investors to leverage professional expertise to maximise returns while minimising risks. Let’s explore…
Source: Live Mint Speaking at an event organised in collaboration with the Financial Planning Standards Board (FPSB) India on the World Financial Planning Day on 4 October, Dipesh Shah and Pradeep Ramakrishnan, executive directors at International Financial Services Centres Authority (IFSCA), talked about how GIFT City, primarily perceived as an investment destination, has much more…
