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Bank holidays this week: All public and private banks across India will remain closed today, since 2 August is a Sunday which is a weekend holiday. All Sundays of the month are marked as holiday for all scheduled and non-scheduled banks. Hence, SBI, HDFC, ICICI, PNB and other banks across the country will remain closed…
August is set to bring a series of financial and banking-related changes that may affect consumers across the country, including taxpayers, bank account holders, and railway passengers. This month will see updates to certain banking rules, the implementation of CKYC 2.0, RBI monetary policy decision and other regulatory changes. In addition to these rule changes,…
In the last one year, while the Nifty 50 Index has delivered a negative return of around -2% (as of 30 July), the individual REITs have done well. The individual REITs have delivered returns ranging from 8% to 19%, depending on which individual REIT an investor bought. However, an individual needs to have the expertise…
Are you riding or driving an electric vehicle (EV)? Then, you must have an insurance policy that specifically covers the battery, as it accounts for nearly 50% of the vehicle’s cost. Insurance for EVs is more expensive than for petrol- and diesel-powered vehicles. Most insurance policies do not cover batteries. The cover for batteries can…
United States President Donald Trump’s policies have driven inflation higher and increased potential social security payouts for Americans in 2027 threatening the country’s retirement programme, according to an analysis by The Motley Fool. In fact, it reported that the next projected payout in 2027 would be the fifth highest increase over the past 36 years…
India’s leading consumer companies are preparing for another round of price hikes on everyday products, with toothpastes, tires and paints among the categories expected to get costlier ahead of the festival season. The move is being linked to a surge in commodity prices amid prolonged US-Iran conflict in West Asia, raising concerns that inflationary pressures…
Social Security benefits vary by retirement age, with a maximum of $5,181 available at 70. For 2026, benefits at 62 are $2,969, at 67 are $4,152, and payments are adjusted for SSI due to calendar changes, emphasising separate programs for different needs.
The Centre will ensure gig workers in India have access to social security schemes through the Labour Codes, Union Labour and Employment Minister Mansukh Mandaviya informed in a written reply to the Rajya Sabha, PTI reported. Responding during Question Hour last week, the minister noted that the gig worker system is a newly emerging and…
You should have a long-term, constructive investment plan to build wealth for your later years or retirement. To accomplish this successfully, it is vital to acknowledge and understand the role of consistency, devotion and compounding in your investment journey. These are the core fundamentals that eventually help an individual build meaningful wealth over the years….
The July 31 deadline for filing income tax return (ITR) has now passed, and the government did not announce any further extension, in line with what most tax experts had expected. While more than 5.9 crore taxpayers managed to file their returns on time, some may have missed the deadline due to various reasons. Missing…