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…
As Indian regulators tighten rules on mutual fund overlap, investors are turning to advanced tools that measure true portfolio diversification, with methodology becoming key to assessing risk and compliance. Mutual fund overlap measures how much two or more schemes own…
A family can transfer mutual fund units as a gift without triggering capital gains tax, but the process involves specific procedures and implications for future taxation, especially when transferring to minors or relatives. A family plan to set aside ₹10…
While transactions through UPI, NEFT, RTGS and IMPS do not automatically invite tax notices, discrepancies between digital credits and declared income can prompt investigations, emphasising the importance of proper record-keeping. Digital transfers through UPI, NEFT, RTGS and IMPS do not…
Many salaried employees in India may face unexpected tax bills due to additional income streams like interest and dividends. Experts warn that reliance solely on TDS from salary can overlook other taxable earnings, making advance tax payments essential throughout the…
