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The India Post expanded eligibility for Rural Postal Life Insurance (RPLI), allowing savings account holders of any scheduled bank to purchase the insurance, Minister of State for Communications Pemmasani Chandra Sekhar said on August 14. The change is aimed at helping policyholders who move from rural to urban areas maintain their insurance by enabling them…
New Delhi, Sebi has proposed tighter advertising norms for online bond platform providers, including restrictions on promotional claims that could encourage investors to make decisions without adequate due diligence. The proposed revised advertisement code seeks to address the growing use of digital advertising, social media and influencer-led promotions by online bond platforms, according to a…
For Indians who returned home after working or studying abroad, an old overseas bank account can be easy to overlook. But once a person becomes a resident of India, certain foreign assets have to be reported in the income tax return. The government has now opened a one-time window for eligible taxpayers to disclose such…
The markets traded with a consolidating bias through the week and ended on a negative note. Nifty remained confined within the broader trading range, with intermittent attempts to move higher failing to generate meaningful follow-through. During the week, the index traded in a 334.45-point range, between 24,025.65 and 24,360.10, before settling at 24,252.00. Volatility remained…
Artificial Intelligence is rapidly becoming the most powerful tool available to investors today. AI allows investors to compare investment options, estimate their retirement corpus or review their portfolio in mere seconds by transforming hours of complex financial research into a simple conversation. Manikaran Singal, chief financial planner at Good Moneying Wealth Planners, a Sebi-registered investment…
The Employees’ Provident Fund Organisation (EPFO) has made its position clear. In a video uploaded to its official YouTube channel, EPFO outlined why the Employees’ Provident Fund (EPF) offers greater long-term security than stock market investment. The EPF is a statutory social security scheme governed by the Central Government. It is not a voluntary arrangement….
A landowner in Ahmedabad found himself facing an income-tax dispute over a property sale he said he had never made. The land had allegedly been sold for ₹6.82 crore in cash using a forged power of attorney and forged signatures. The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has now deleted a ₹3.41 crore capital gains…
India’s retirement savings may not be enough to maintain the standard of living many workers have during their working years. Pension Fund Regulatory and Development Authority (PFRDA) chairman S. Ramann said India’s retirement-income replacement rate is currently around 35–40%, well below the roughly 60% level considered globally. The comments, reported by The Hindu following an…
Building a ₹5 crore corpus may seem like a distant retirement goal at first, but it is achievable through consistency and the power of compounding. If you are wondering how much money you should invest every month in just mutual funds to achieve this figure, the answer actually depends on when you start. A 25-year-old…
The 8th Central Pay Commission’s terms of reference (ToR) have triggered concern among pensioner organisations over whether the commission will examine revision of pension and family pension for employees who retired before 1 January 2026. The government has not announced any such change so far, but there is a precedent for modifying a Pay Commission’s…