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Source: Live Mint India’s population today has surpassed 1.4 billion (World Bank, 2023). While a significant portion of the population remains young, with those aged 15-29 comprising around 27% (UNFPA, 2023), the number of senior citizens has also surged to more than 10% of the population, or roughly 140 million people (Ministry of Statistics, 2023)….
Source: Live Mint India’s Unified Payments Interface (UPI) transactions rose to 16.73 billion for the month of December 2024, according to data collected from the National Payments Corporation of India (NPCI) website. This rise is killing the nation’s Toffee or candy business. The transactions rose 8 per cent month-on-month (MoM) to its December level, when…
Source: Live Mint But what has worked in favour of Angane is the double income from giving French tuition in the evenings and her day job as a marketing executive. She has decided to stay back in India, instead of exploring post-study work options in France. Reasons: Better job prospects in India and higher living…
Source: Live Mint The Income-Tax (I-T) Department is allowing taxpayers who qualify for the section 87A tax rebate for FY24 to now claim it in the updated Income-Tax Return (ITR) forms — ITR-2 and ITR-3, according to a report by Business Today. Eligible taxpayers will soon be able to submit a revised or belated income…
Source: Live Mint Deepak Shenoy, Founder and Chief Executive Officer (CEO) of Capitalmind, a financial advisory firm, wants the Reserve Bank of India (RBI) to increase the limit for mutual funds investing in foreign stocks by over 10 times to $50 billion. The RBI has set a limit of $8 billion which Shenoy argued has…
Source: Live Mint India’s initial public offering (IPO) market reached a “historic milestone” as it doubled proceeds from $5.5 billion in 2023 to $11.2 billion in 2024, as per the Global Data report. Further, Company Profiles Analyst Murthy Grandhi, promises “even bigger fireworks” in 2025, according to an ANI report. “India’s IPO market hit a…
Source: Live Mint Not long ago gold seemed to have lost its lustre. In the decades after President Richard Nixon abandoned the gold standard in 1971, the yellow metal fell out of favour with central banks, which hoarded their reserves in dollars instead. In the 1980s and 1990s investors and households grew weary of its…
Source: Live Mint Savings have long been the backbone of financial stability in Indian households. Deeply ingrained in the nation’s ethos, the act of saving has traditionally ensured resources for future uncertainties, children’s education, and retirement. Recent trends, however, tell a troubling story. The household savings rate has seen a sharp decline, prompting questions about…
Source: Live Mint Advance tax payment: The deadline to make your advance tax payment is fast approaching — in only three days, on December 15. So, what happens if you fail to pay tax by deadline? You could be liable for penalties and interest for delay. Thus, we bring you all you need to know…
Source: Live Mint The taxpayers’ deadline is approaching. December 31 is the last day to file belated income tax returns (ITR) with a ₹5,000 late fee. We look at how to file your delayed ITR online and what happens if you miss it. What is Belated ITR Filing? Those who could not file their ITR…
