The FinTech Hub
Source: Live Mint Standard Deduction: Income taxpayers can lower their income without providing any documentation or disclosures by using the standard deduction, which is a fixed sum subtracted from taxable salary income. After being eliminated for several years, the standard deduction provision was reinstated in the 2018 budget announcement. Under Section 16 of the Income…
Source: Live Mint For India to ensure consistent economic growth and achieve its ambitious target of becoming the third-largest economy by 2027, it needs robust financial systems in which the insurance sector plays a critical role. The sector’s development is crucial to bridging protection gaps, enhancing financial resilience, and driving sustainable growth towards Amrit Kaal….
Source: Live Mint Rohit Murarka, Business Head, Kotak Cherry believes the market is expecting some kind of stimulus in the budget as the overall economy, especially demand conditions, is facing a slowdown. Murarka suggested that investors diversify investments across various asset classes like equities, fixed income, real estate, and commodities. This strategy helps mitigate risks…
Source: Live Mint As the Union Budget 2025 draws near, there’s a growing buzz about potential changes in Income Tax policies for the common man. Experts have offered several recommendations focusing on significant changes to personal income tax, specific tax areas like EVs and crypto, housing benefits, savings incentives, and more. These proposed reforms aim…
Source: Live Mint Adani Wilmar released its December quarter performance today, January 27, reporting a 104.5% jump in its consolidated net profit, reaching ₹411 crore in Q3FY25, which marks the highest quarterly PAT for the company. In the same quarter last year, the company reported a net profit of ₹201 crore, and in the preceding…
Source: Live Mint To address financial needs, you typically have two alternatives: save regularly to accumulate enough money or borrow it now and repay it over time. Borrowing can be made for a range of purposes, whether to meet a personal emergency (personal loan) or to invest in your business (business loan), among other reasons….
Source: Live Mint In the current financial landscape, women entrepreneurs are becoming a strong and emerging force in India. To promote and support the participation of women in the economy, the government has introduced several loan schemes to empower such entrepreneurs. Such schemes aim to empower women by providing them with the financial resources needed…
Source: Live Mint Dr Agarwal’s Health Care IPO: Dr Agarwal’s Health Care’s initial public offering (IPO) is scheduled to kick off for subscription on Wednesday, January 29, and will remain open until Friday, January 31. The company aims to raise ₹3,027.26 crore through the offering, which is a combination of a fresh issue of 0.75…
Source: Live Mint Small industries contribute a significant portion to the Indian economy and provide a major source of employment in the country. However, this sector also faces immense competition from major multinational companies. Some businesses may find it difficult to access funds in favourable terms. Therefore, the government of India has several loan schemes…
Source: Live Mint If you have just started using a credit card, it is understandable to be tempted to use it for a range of expenses. And as you use the card for anything—ranging from making a bill payment to buying merchandise—you will be entitled to a 45-day interest-free period. During this moratorium of sorts,…
