Scammers have diversified from email pitches to targeting individuals via text, social media and messaging apps, employing sophisticated tactics to lure victims into paying money or revealing personal details by impersonating legitimate lotteries and using official-looking branding. Lottery fraud has…
India’s updated Pradhan Mantri Awas Yojana-Urban 2.0 aims to extend home ownership options through construction, partnerships, and rental schemes, targeting urban poor and middle-class families with a comprehensive ₹10 lakh crore investment. For millions of urban families renting in cities,…
A couple in Surat was subjected to a five-day ‘digital arrest’ scam, losing ₹13 lakh after fraudsters impersonated police and regulatory officials, highlighting the rising threat of sophisticated digital scams in India. A Surat man and his wife were held…
Insurers in India are expanding the sale of benefit-based policies to cover illnesses like dengue, malaria, and chikungunya, offering fixed sums to offset additional treatment costs during monsoon season. As the monsoon season lifts the risk of dengue, malaria and…
Expert guidance suggests that helping teens set clear goals and creating manageable saving systems can build lifelong financial skills, moving beyond mere responsibility to purposeful money management. Teenagers who spend birthday money or a pay packet almost as soon as…
Paying only the minimum on credit cards can lead to escalating interest charges and prolonged debt. Experts warn that small payments may keep accounts in good standing but do not reduce the principal, risking years of high finance costs and…
Retirees are reassessing their budgets and withdrawal strategies to adapt to changing circumstances, with expert advice emphasising the importance of flexibility, income diversification, and seeking professional guidance to ensure their savings last for decades. Worry about outliving retirement savings is…
India has announced new regulations to enhance transparency on e-commerce platforms, targeting misleading discounts, search result manipulation, and dark pattern practices, set to come into effect in January 2027. India has moved to curb misleading discounting and search manipulation on…
A 29-year-old man has been detained in Rishikesh for siphoning over Rs 12 lakh from the Uttarakhand Cooperative Bank by diverting customer deposits, in a case reflecting broader trends of financial misconduct within banking institutions. Rishikesh police have arrested a…
The Employees’ Provident Fund Organisation has unveiled new rules enabling members to access their savings more easily for medical, educational, marriage, and housing needs, highlighting a shift towards greater flexibility while safeguarding long-term retirement funds. Employees’ Provident Fund savings are…
The Pension Fund Regulatory and Development Authority (PFRDA) is developing a guaranteed-return pension plan aimed at non-government workers to broaden retirement security, amid ongoing innovations and discussions on market risk management. The Pension Fund Regulatory and Development Authority has set…
A Kerala consumer commission has awarded Rs 70,000 to a customer after an ATM failed to dispense Rs 10,000 in 2014, ruling the bank could not provide proof of the transaction and highlighting the bank’s responsibility in safeguarding customer interests.…
