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Governments are stepping in to protect local producers
Last month, RBI raised the limit of each transaction on UPI 123 from 5,000 to 10,000. NPCI has, therefore, told banks and service providers to follow the new limits before Jan 1 next year
During the Trade Fair, the Taxpayers' Lounge provides various income tax services, such as help with PAN applications, e-filing, and foreign taxation queries
The CBDT has released a new circular on condoning delays in filing ITR, replacing previous guidelines, effectiveOctober 1, 2024.
Facing pressure from falling prices and surging imports, Indias top steelmakers expect revenues to drop further in Q3, hoping cost relief and demand recovery will drive a Q4 rebound
Bengaluru is home to the largest number of global capability centres (GCCs) in India. This week, Karnataka became the first state to launch a GCC policy. The idea is to take this momentum to other cities in the southern state that is a tech hub. Mint explains how it will work:
Credit Cards: Several cards give access to airport lounges but often times, there are limits to the number of times you can access these lounges within a time frame.
Personal loan: It's common to raise a loan for a number of reasons which include, but not restricted to, organising a wedding, buying a luxury item, going on a vacation and getting a house renovated, and buying expensive furniture, et al.
In response to misleading promotions under CSR, the CCPA is drafting guidelines to define surrogate advertising and prescribe penalties. Companies must prove new products are genuinely available to avoid indirect promotion of banned goods, while genuine brand extensions will remain permissible.
Considering you have 18 years to retirement, you can consider a combination of BAFs and aggressive hybrid funds to generate better risk-adjusted return.
Personal loan: If you want to raise 10 lakh to go on a vacation to the US, your monthly instalment on the loan will depend on the rate of interest that the bank charges and the tenure of repayment
Several Indian creators have released high-quality shows of late to cater to the growing number of smart TV owners. But in the absence of sponsors, many have struggled to recoup their investments. Will the rapid growth of smart TVs help attract more brands and jump-start the creator ecosystem?
In case RBI's six-member core policy committee cuts the repo rate in its Dec meet, the lending rates would follow suit. So would be fixed deposit interest rates. Given all this, depositors are recommended to lock their FDs at the prevailing interest rates
Personal loan: It provide quick access to funds without collateral, making them versatile for various needs. However, they come with high interest rates and strict eligibility requirements. Understanding the pros and cons is essential for making informed financial decisions.
Personal loan: To make informed financial choices, borrowers must understand the total costs of personal loans, including interest rates and processing fees. Consulting a financial advisor and comparing multiple lender offers can help identify the best deal.
India's account aggregator system faces critical gaps three years after it was rolled out, particularly in data sharing among banks and fintech startups.
Deep fake: This is not the first time when fraudsters tried fleecing gullible investors with the aid of a public figure's video. Prior to this, social media has witnessed videos of Sachin Tendulkar, Mukesh Ambani and NR Narayana Murthy doling out investing advice to the public
Multiplex chains assert that higher rates enhance box office success. Critics highlight potential footfall increases with lower prices. Concerns about affordability persist, especially for families in smaller towns facing steep ticket costs.
KYC validation is crucial for mutual fund investments. An incomplete KYC can hinder new investments and complicate current management. Use your PAN and Aadhaar to validate your KYC for smooth investing.
Credit card users significantly prefer online shopping during festive sales, with over 48% relying solely on credit cards for online purchases. Discounts and offers on platforms like Amazon and Flipkart, along with cashback options, drive this shift in consumer behavior.
A year or two of poor initial returns wont affect a conservative retirement portfolio. But for an aggressive one, those initial losses will be damaging even if there is a strong recovery in equities.
The Supreme Court overturned a Bombay HC ruling which had classified these items as non-capital goods, and upheld a 2018 Delhi high court deicsion that had favoured telecom companies
Credit cards have expiry dates, beyond which they cannot be used. Issuers set these dates for security upgrades and to prevent wear and tear. Check the expiry on the card and statements, renew subscriptions, dispose of expired cards safely, and keep contact details updated with the issuer.
Bank Holiday today: Are banks closed on November 20 for Maharashtra assembly elections 2024? Find here
The dates and announcement timelines of the schemes roll-out and campaign launch are still being discussed..The plan, which is being deliberated at various levels and departments of the government including the tourism ministry, aims to achieve its targets by 2029-30.
A tax tribunal order in 2009 said small coconut oil packs should be classified as edible oil, a decision that allowed them to be taxed a lower rate. Now, the Supreme Court is set to decide if it should be so.
As the frenzy in personal loans cools, banks are turning more to large project loans. For the 27,000 crore debt component of the Cauvery Basin Refinery and Petrochemicals Ltd, there are six lenders in contention, including SBI, BoB and PNB.
Celebrity endorsements play a key role in driving popularity and adoption, especially in the mass and mass-premium categories. Earlier this month, former Swiggy executive Karthik Gurumurthy announced the brand nameTen X Youof the new athleisure venture he has co-founded with Sachin Tendulkar.
Establishing a private trust for a differently abled child allows parents to control asset management and distribution, ensuring funds are used for specific needs like medical care and education, while protecting resources from mismanagement.
The government construction company will leverage its land bank and engage in redevelopment projects, competing with private builders while taking up stalled housing projects nationwide.
When a credit card user doesn't clear his/her bill on time, it leads to a negative entry in the defaulter's credit report, thus jeopardising their creditworthiness.
The country must also develop indigenous technologies to increase the share of nuclear power in its energy mix, Periasamy Kumaran said.
Daksh Gupta, a 22-year-old Indian-American, is the founder and CEO of Greptile, an AI firm, which has already raised $5.3 million. He recently shot to prominence after his post on X, where he backed an 84-hour workweek.
Amazon Prime Video's ad-supported tier launch may reshape India's streaming landscape, intensifying competition for advertising budgets.
Certain rules come into play involving taxes, the interest accrual period, and the duration for which the funds can remain unclaimed.
This approach is different from the usual process where the defaulting taxpayers would be summoned by the tax department for investigation
Personal Loans: The important factors in a personal loan approval include the individuals credit score, age, income, profession, KYC, city of residence, debt-to-income ratio, etc.
Secured and unsecured personal loans serve different needs. Unsecured loans rely on credit scores and have higher interest rates, while secured loans require collateral, providing lower rates and larger amounts. Evaluate your financial situation carefully before deciding on a loan type.
Public Provident Fund has been offering an interest of 7.1 percent per annum with effect from Jan 1, 2024. The minimum investment one can make is 500 while the maximum is 1.5 lakh in a financial year.
The Reserve Bank of India (RBI) warns investors about deepfake videos of Governor Shaktikanta Das circulating on social media. These fake videos claim to launch or promote some RBI-backed investment schemes, which is a trap for investors looking to put aside some money.
Personal loans provide quick funds with minimal documentation and no collateral requirements. However, they come with higher interest rates. The application process involves verifying income, credit score, and other criteria, and funds are usually disbursed quickly upon approval.
Credit scores: In India, credit scores between 300 and 900 indicate financial reliability, assessed by agencies like CIBIL and Equifax. A score above 750 is excellent, unlocking benefits like lower interest rates and better loan options. Understanding credit is crucial for financial success.
Personal loans provide quick cash for events or emergencies and have fixed or floating interest rates. Fixed rates remain constant, while floating rates vary with market conditions. Assessing your financial needs is essential to select the right loan type and avoid high-interest debt.
Personal loans: It offer flexible financing for diverse needs, from weddings to medical expenses. They are typically unsecured and attract higher interest rates. Various types include home renovation, travel, and debt consolidation loans, each tailored to different financial circumstances.
Market turbulence isnt just a challengeits a chance to grow. Resist impulsive decisions, refine your approach, and let time work in your favour.
Mutual Funds: Stress test is relevant because it indicates the time period it will take to liquidate 25 percent and 50 percent of the portfolio in case of a stress event. For a few fund houses, this time period is still as long as 55 days
Personal loans: Eligibility for personal loans includes a good credit score, stable income, and low debt. Understanding lender requirements and researching loan options can enhance your chances of approval. Personal loans offer quick financial relief, yet not everyone meets the necessary criteria.
Personal loans: They are flexible and fast approval options for various financial needs. They require careful consideration of terms, credit score, and repayment plans to align with long-term financial goals, ensuring responsible borrowing without collateral risks.
Best Mutual Funds: There are around 8 value funds which have delivered over 18 percent annualised return in the past 3 years. Value mutual funds follow value investment strategy and identify stocks that are currently undervalued but are expected to perform well over time as the value is unlocked.
The investments would be made under state-owned NTPC Ltds renewable energy arm, NTPC Green Energy, which is set to launch its 10,000 crore IPO on Tuesday.s