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Gold and silver prices today, 12 July: The price of the yellow metal in India’s retail market plunged this week as compared with last week when it stood at ₹147,850. The fall in bullion comes as investors assessed renewed fighting between the US and Iran. Washington recently launched third round of strikes this week against…
Employees who lose their jobs will no longer be able to withdraw their entire Employees’ Provident Fund (EPF) balance after two months of unemployment. Under the newly notified Employees’ Provident Funds Scheme, 2026, members can withdraw up to 75% of their EPF balance after becoming unemployed, while the remaining 25% will be available only after…
A retired Bharat Sanchar Nigam Ltd (BSNL) employee has secured complete tax relief on a ₹39.96 lakh voluntary retirement payout after the Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the compensation received under the BSNL Voluntary Retirement Scheme (VRS)-2019 qualifies for exemption under Section 10(10B) of the Income-tax Act. The ruling…
A well-diversified portfolio is built by combining different asset classes, investment styles, and market segments, and not by investing in multiple mutual funds. According to Aditya Agarwal, Co-Founder, Wealthy.in, investors should focus on the role each fund plays in the portfolio rather than the total number of schemes they own. More funds can create a…
Data from the Association of Mutual Funds of India (AMFI) showed that domestic investors are not much spooked by market volatility. When the Nifty slipped 6.4% month-on-month in March, SIP contributions grew 7.5% to ₹32,087 crore, even though foreign portfolio investors (FPIs) sold record ₹1.18 lakh crore. Overall, AMFI data highlighted the significant participation of…
Another common source of litigation is the mismatch between information reported by banks, employers, brokers and other institutions (through Form 26AS and AIS) and the taxpayer’s own ITR, particularly around TDS credit, capital gains from mutual funds and securities, and interest income reported by multiple banks. Many tax notices issued while processing returns, and the…
Want to switch jobs but keep your current employer provided insurance plan? As per the rules, you can convert your employer group health policy into an individual or family coverage plan, subject to fulfilling certain conditions. Usually, group health insurance covers employees and their family (spouse, children, dependents), but ends when you leave the particular…
Are you planning to purchase a new home? Have you planned your home loan EMIs in advance in accordance with your monthly income? These are some fundamental questions that must be answered first in order to avoid a difficult-to-manage home loan. Furthermore, it is a given that owning a new home is a dream for…
Bank holidays next week: Private and public sector banks in India will remain closed for four days in the upcoming week between 13 to 19 July, 2026. The Reserve Bank of India (RBI) has listed a total of 12 holidays in July due to national, regional, and religious holidays. This include the weekend holidays for…
When travelling abroad from a smaller city, you usually have to change flights at a bigger city airport and repeat some formalities. However, the government has introduced a hub-and-spoke model for international travel that will make the transition smoother for passengers. In this article, we will examine what a hub-and-spoke model is and how it…