The FinTech Hub
Source: Live Mint Certain life situations, such as employment gaps or emergencies like the COVID-19 pandemic, can create significant financial stress. This can be especially challenging for those motivated to pursue new ventures, such as starting a filmmaking project, only to be held back by financial concerns. Unexpected expenses can further complicate matters. When considering…
Source: Live Mint Right outside Fernandes’s home is a poster of a woman who passed away recently. It grabs his attention each time he opens his gate. His eyes are then drawn to one of his favourite possessions, his bicycle, long unused, which reminds him of happier days. Now, he can barely pick up his…
Source: Live Mint Your time is invaluable, and calculating your personal loan’s EMI shouldn’t consume it. Say goodbye to lengthy calculations and embrace the convenience of an EMI calculator. But what exactly is an EMI calculator? It’s an online tool designed to help you calculate your Equated Monthly Instalment (EMI) quickly and accurately. How does…
Source: Live Mint Union Finance Minister Nirmala Sitharaman announced income tax changes in the Union Budget 2024, with certain updates scheduled to take effect from October 1. These crucial proposals, approved in the Finance Bill, include revised TDS rates that will be implemented on that date. What is Tax Deducted at Source (TDS)? TDS is…
Source: Live Mint Financial constraints are a reality for many at some point in their lives. In challenging times, taking out a loan can provide temporary relief. However, this can sometimes lead to a more significant problem known as a debt trap. What is a debt trap? A debt trap occurs when you take on…
Source: Live Mint Soros explained these ideas succinctly: “I can state the core idea in two relatively simple propositions. One is that in situations that have thinking participants, the participants’ view of the world is always partial and distorted. That is the principle of fallibility. The other is that these distorted views can influence the…
Source: Live Mint Life is unpredictable, and you never know when you or a loved one might face a medical emergency that requires hospitalisation. Such situations can be both stressful and financially burdensome. To help manage these unexpected expenses, banks offer medical loans, providing crucial financial assistance when you need it most. Key features of…
Source: Live Mint The Ministry of Finance has released new guidelines for regularising irregular accounts across various small savings schemes. These guidelines apply to multiple accounts, including NSS-87, PPF accounts for minors, and Sukanya Samriddhi schemes. All post offices and financial institutions must follow these procedures to ensure compliance and efficiency. This update was officially…
Source: Live Mint I am a non-resident Indian Citizen working abroad. I sold my agricultural land on 15 October 2022. As per Sec, I deposited the indexed capital gain in a capital gain account with a nationalised bank. 54B to purchase another agricultural land within two years from the date of sale. i.e. by 14th…
Source: Live Mint The income tax department’s online tax return filing and processing system has proved to be a vast improvement over the old manual system. However, more than a decade after the online system was launched, taxpayers continue to face difficulties, best exemplified by a recent Supreme Court order. In this case, the taxpayer…
