Auto Added by WPeMatico
Saving ₹25,000 every month is a significant milestone; still, deciding where and how to invest it can be challenging. SIPs in mutual funds, direct stocks, fixed deposits, bonds, and other similar investment avenues can offer investors a wide range of options. Even then, the final investment decision should consider a combination of factors, including financial…
Come September 1, several rules, deadlines, and financial changes will take effect that could impact your money, taxes and budgeting plans. Here’s a look at what’s changing next month. ITR Deadline: Business or people with professional income need to act now The August 31 deadline forms part of the revised return-filing calendar introduced through changes…
There is an increasingly growing demand for education loans from Tier II and III cities, lending data from Kuhoo Finance platform over a one-year period showed. The report added that smaller cities in India now account for 86.5% of applications on the platform. Among states, Uttar Pradesh and Maharashtra topped the list for number of…
The National Council (Staff Side) of the Joint Consultative Machinery (JCM) for central government employees has formally submitted a representation requesting an increase in the Bonus Payable Ceiling from ₹7,000 to ₹21,000 per month. The push comes just ahead of the Dussehra festival, the typical period when the central government issues official orders regarding the…
Bank holidays September 2026: Banks across different parts of India will remain closed on several days in September due to festivals, regional celebrations and other occasions, according to the Reserve Bank of India (RBI) holiday calendar. The United Forum of Bank Unions (UFBU) has announced a nationwide strike on September 11, citing delays in introducing…
The Employees’ Provident Fund (EPF) is a government-backed investment and retirement savings option in India. Salaried individuals are eligible to open an EPF account when basic pay and dearness allowance are up to ₹15,000. You can further opt for voluntary provident fund (VPF), if the basic pay and DA exceed ₹15,000 per month. For FY26,…
The commonly cited limit for a standard UPI transaction is generally ₹1 lakh. However, this is not a universal ceiling applicable to every payment made through the Unified Payments Interface (UPI). The National Payments Corporation of India (NPCI) and the Reserve Bank of India (RBI) have permitted higher transaction limits for certain categories. These include…
The 8th Central Pay Commission (8th CPC) is in its consultation stage now, with plans to interact with employee and pensioner associations, federations, unions of central government, UT employees and other stakeholders across the country. Chaired by former Supreme Court Justice Ranjana Prakash Desai, the commission includes Pankaj Jain, a former IAS, as Member-Secretary, and Professor…
Private credit involves loans extended by non-bank financial institutions and other private lenders. The asset class has expanded at a double-digit pace over the past five years, with industry estimates putting assets under management at around $25-30 billion. It has also become increasingly common in wealth-management portfolios. Data from EY India shows that 166 private…
Employee Stock Option Plans (ESOPs) can create life-changing wealth, but unlocking that value comes with significant upfront costs. A startup employee granted stock options worth ₹1 crore must pay several lakhs just to convert them into actual shares. On top of the exercise price, the employee may owe substantial perquisite taxes—all before selling a single…