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The Centre on Monday released ₹21.35 crore worth of scholarships via Direct Benefit Transfer (DBT) to more than 6,000 agriculture students, who are now set to receive monthly deposits without delays, the government said in a statement. Union Agriculture Minister Shivraj Singh Chouhan launched the disbursement through the National Scholarship Portal (NSP). “The initiative is…
Many credit card users are falling into unexpected debt traps. This happens through the Minimum Amount Due (MAD) payment option. Several cases reveal how this seemingly-harmless choice backfires. Mint Money referred to Ashutosh Singh, who got his first credit card in 2023. He was 26 and planning an MBA education loan. When his bill arrived,…
International Youth Day, celebrated on 12 August, recognises the vital role of young people in society. Financial planning is another important area for young people, as the habits they build early can shape their long-term financial future. Here’s what experts have to say about why the 20s can be an ideal time to start building…
Yashpal, a supervisor at a construction company in Bhalswa, was having just another workday in Delhi on 22 June 2010 when things took a turn for the worse during his lunch break. An iron rod fell upon him from a mobile cane, resulting in the amputation of his left leg. Since the accident occurred at…
The Employees’ Provident Fund Organisation (EPFO) has issued 1,49,806 pension payment orders for higher contributions to retired applicants in line following the November 2022 Supreme Court order, PTI reported. The apex court in its order asked the Centre to facilitate higher contribution to the pension scheme as per their actual wage so that members can…
The Employees’ Provident Fund Organisation (EPFO) has introduced waiting periods for members seeking partial or full withdrawal of their PF balances. With the implementation of the EPF Scheme 2026, questions have emerged over how the new rules affect members’ access to their retirement savings. The changes were explained in the Lok Sabha, where the government…
Missing just five of the market’s best-performing days over the last 21 years could have significantly reduced investors’ wealth, according to an analysis by Abakkus Mutual Fund. The study compared the compounded annual growth rate (CAGR) of major Indian equity indices between April 2005 and July 2026, highlighting the difference between staying invested throughout the…
An NRI living in Germany jointly owns a residential property in India with her resident sister. They had each contributed 50% of the purchase price seven years ago and now plan to sell the property. While the NRI wants to remit her share of the sale proceeds abroad, her sister plans to reinvest her share…
The 8th central pay commission (CPC) is in its consultation stage, having closed submission for suggestions and data from employee representative groups, unions and other stakeholders as of July. Earlier this month, the panel posted a number of notices on its website regarding official state visits and stakeholder meetings across India in August and September….
India’s parking crunch is increasingly becoming a financial risk for vehicle owners. From scratches and broken mirrors to theft, flooding and falling trees, parked vehicles can suffer significant damage even when they are off the road. “One of the biggest challenges of owning a vehicle in Indian cities today begins even before you start the…