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…
The Jufra branch of Libya’s Social Security Fund has issued a reminder for pensioners to complete their yearly declarations on time, highlighting the importance for ongoing payments and administrative compliance amid tightened oversight. The Social Security Fund’s Jufra branch has…
Non-resident Indians must weigh currency risk alongside interest rates when choosing between NRE and FCNR(B) deposits, with recent relaxations and market shifts influencing optimal strategies. For non-resident Indians weighing where to park savings, the choice between non-resident external fixed deposits…
India’s primary retirement scheme for informal workers, the Atal Pension Yojana, introduces new eligibility and contribution rules, shifting the landscape for millions seeking a basic pension post-60. India’s Atal Pension Yojana remains one of the country’s main retirement schemes for…
While Indian expatriates can maintain existing Public Provident Fund accounts after relocating, new rules restrict opening and extending accounts, shaping long-term savings strategies for overseas Indians. For Indians who move abroad, the Public Provident Fund often remains one of the…
India’s lower house approved a comprehensive tax amendment bill designed to boost manufacturing, streamline rules for foreign businesses, and strengthen its electronics and digital infrastructure sectors, signalling a significant shift in its investment climate. India’s lower house has passed a…
