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Gold and silver prices: The price of the yellow metal in India’s retail market rose on Monday, 24 August, amid ongoing uncertainty over the US-Iran conflict in the Middle East. US Treasury Secretary Scott Bessent said the US is ready to unveil ‘the single greatest financial offensive ever’ against Iran, starting today, while Tehran threatened…
The United Forum of Bank Unions (UFBU) recently announced a series of nationwide strikes over two key demands. The umbrella body representing major bank employee and officer unions on Sunday raised demand for five-day banking week and the withdrawal of the government’s revised performance-linked incentive (PLI) scheme. Bank strike dates The unions have announced three…
The 8th Pay Commission will hold meetings in Jaipur, Rajasthan, on 31 August and 1 September. Over the past few months, the panel has conducted similar consultations in West Bengal, Odisha, Uttar Pradesh, New Delhi and Ladakh. Headed by Justice Ranjana Prakash Desai, the 8th Pay Commission is tasked with reviewing salaries, allowances and pensions…
Using UPI, NEFT, RTGS or IMPS to transfer money does not, by itself, mean the transaction will trigger an income tax notice. The Income Tax Department’s reporting and compliance systems focus on financial information and potential discrepancies, rather than treating a particular digital payment mode as an automatic trigger for scrutiny. The key question for…
200 DMA: Rs 1429.84| LTP: Rs 1406.3
Nifty closed last week on a weaker note, remaining stuck in a broad 23,800–24,700 range. Analysts said the index needs to clear the 24,350–24,400 zone to show signs of real strength. While some recommend buying with hedges, others favour sell-on-rise trades. MEHUL KOTHARI, DVP – TECHNICAL RESEARCH, ANAND RATHI SHARE AND STOCK BROKERS Trading Strategies…
An incorrect date of joining or exit in your Employees’ Provident Fund (EPF) record may look like a routine clerical error, but it can create problems when you transfer your PF, withdraw the balance or establish your pensionable service. The issue is particularly important for members covered by the Employees’ Pension Scheme (EPS), where the…
Oil prices fell by more than $1 a barrel on Monday as investors booked profits ahead of an expected announcement from Washington on additional sanctions against Iran, which could further disrupt supplies from the Middle East. US Treasury Secretary Scott Bessent, who is scheduled to hold a press conference at 2 p.m. EDT (1800 GMT)…
Gold prices extended gains on Monday to hit their highest level in more than three months, as investors looked ahead to U.S. inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh. FUNDAMENTALS Spot gold was up 0.7% at $4,636.34 per ounce, as of 0015 GMT, its highest level since May…
Paying off a personal loan before its scheduled term can reduce the interest burden and free up monthly cash flow. However, prepaying a personal loan may not always be the best financial move. Borrowers juggling personal loans must weigh the interest and overall cost savings they will achieve against foreclosure costs, and also consider how…