LIC’s new Jeevan Akshay VII plan presents customised pension options for retirees seeking certainty, though with reduced payouts and limited inflation protection, highlighting a shift towards safety over growth in retirement income solutions. Life Insurance Corporation of India’s Jeevan Akshay…
India Post’s government-backed five-year time deposit scheme promises predictable returns at 7.5%, providing an accessible, low-risk savings option in a fluctuating interest rate environment. India Post’s time deposit scheme is being pitched as a low-risk way to turn a single…
India’s top court has extended mandatory third-party insurance periods for new vehicles, increasing upfront costs but aiming to improve road safety and crash victim payouts. India’s top court has effectively raised the cost of buying a new car or motorcycle…
The Centre confirms it will keep the Unified Pension Scheme as an option alongside the NPS, despite lingering employee concerns and ongoing debates about pension security and flexibility. The Centre has said it has no plan to alter the Unified…
India’s lower house has approved a comprehensive tax amendment bill, hinting at new charges on high-value digital payments and measures to boost foreign investment and manufacturing, marking a significant shift in policy direction. India’s lower house has passed a wide-ranging…
A Himachal Pradesh consumer court has mandated Cholamandalam MS General Insurance to pay a woman over Rs 25,500 after ruling that her electric cycle claim was wrongly denied on the basis of non-registration, despite statutory exemptions for low-speed electric two-wheelers.…
India is proposing a 15-year tax exemption for overseas rough-diamond sellers in special notified zones, a move aimed at consolidating its status as the world’s centre for diamond processing and trading amid industry efforts to curb business loss to Dubai…
The Lok Sabha has approved a bill allowing banks to levy fees on UPI transactions, contrasting with official claims that the system will remain free, raising questions about future pricing and regulation. A report by TeluguPost said the Lok Sabha…
Experts advise beginners to prioritise their financial goals, investment duration, and risk comfort over recent fund performance when choosing mutual funds, signalling a shift towards more disciplined investment decisions. For first-time mutual fund investors, chasing last year’s best returns is…
PhonePe broadens its financial offerings by launching a digital fixed deposit distribution service and a new Daily RD micro-savings product, aiming to deepen customer engagement in savings and credit. PhonePe has broadened its financial-services offering with the launch of fixed…
