Page 161 - Personal Finance
Nearly 19,000 flats priced Rs 2-5 cr sold in NCR in 2024, 84% sales growth
Properties priced above Rs 1 crore have contributed to 80% of the total residential sales volume in the region.
 "Nearly 19,000 flats priced Rs 2-5 cr sold in NCR in 2024, 84% sales growth")
Redemptions from equity funds increase by 40% to Rs 4,645 billion in 2024
Despite the rising equity AUM, market indices such as the Nifty-50 witnessed a modest 9% YoY increase in 2024, with a 2% MoM decline in December 2024.
 "Redemptions from equity funds increase by 40% to Rs 4,645 billion in 2024")
UK bars employers from shifting sponsorship costs to skilled workers
The new policy mandates that businesses cover expenses such as Certificates of Sponsorship (CoS), sponsor licences, and other related costs
 "UK bars employers from shifting sponsorship costs to skilled workers")
239 NFOs in 2024, HDFC Manufacturing Fund leads with Rs 12,500 Cr inflows
Thematic and sectoral funds stood out as top choices for investors, reflecting a shift towards more focused and innovative investment options
 "239 NFOs in 2024, HDFC Manufacturing Fund leads with Rs 12,500 Cr inflows")
Major realty deal: K Raheja Corp buys prime Mumbai land for Rs 466 crore
The agreement includes the sale of all pieces and parcels of land along with an existing building on the 5.75-acre site
 "Major realty deal: K Raheja Corp buys prime Mumbai land for Rs 466 crore")
Federal Bank hikes FD rate to 8%, adds special tenure with high interest
Bank has added a new tenure of 444 days, offering the highest interest rate of 7.50% for general citizens
 "Federal Bank hikes FD rate to 8%, adds special tenure with high interest")
Germany's new digital visa portal offers opportunities for Indian workers
The portal caters to 28 categories of national visas, including those for work, education, training, and family reunification
 "Germany's new digital visa portal offers opportunities for Indian workers")
US visa bulletin Feb 2025: EB-2, EB-3 advance for Indian green card seekers
The US Visa Bulletin is a key resource for green card applicants
 "US visa bulletin Feb 2025: EB-2, EB-3 advance for Indian green card seekers")
IDBI Bank unveils Chiranjeevi Super Senior Citizen FD, offers 8.5% interest
This scheme offers an additional 65 basis points (bps) over the bank's standard fixed deposit rates and 15 basis points (bps) over the senior citizen rates
 "IDBI Bank unveils Chiranjeevi Super Senior Citizen FD, offers 8.5% interest")
Budget 2025: EY, industry seek tax relief, housing, and compliance reforms
EY India also advocates for extending the ESOPs tax deferral benefit to all employers and permitting tax payment at the stage of sale
 "Budget 2025: EY, industry seek tax relief, housing, and compliance reforms")
Budget 2025: What real estate sector seeks for homebuyers under Modi 3.0
Home affordability remains a pressing concern in India, with rising costs keeping ownership out of reach for many
Saudi Arabia tightens work visa rules for Indians: Here's what changes
The pre-verification requirement was first proposed six months ago as part of Saudi Arabia's labour sector reforms
 "Saudi Arabia tightens work visa rules for Indians: Here's what changes")
Saudi Arabia tighten visa health rules: Key changes for Indian visitors
Saudi Arabia plans to welcome 7.5 million Indian travellers annually by 2030
 "Saudi Arabia tighten visa health rules: Key changes for Indian visitors")
Resolve insurance disputes efficiently with Bima Bharosa & ombudsman
If the grievance system misses resolution deadlines, don't hesitate to follow up frequently. Consistent follow-ups ensure your issue remains a priority and that delays are addressed
 "Resolve insurance disputes efficiently with Bima Bharosa & ombudsman")
Link Aadhaar and activate UAN by January 15 to secure your EPFO benefits
It is mandatory to seed your Aadhaar with your bank account to avail the benefits of the Employment Linked Incentive (ELI) Scheme
 "Link Aadhaar and activate UAN by January 15 to secure your EPFO benefits")
Mutual fund investors in India can now name up to 10 nominees
Investors can now nominate up to 10 individuals in a mutual fund account, enhancing flexibility in asset allocation among family members or close associates.
 "Mutual fund investors in India can now name up to 10 nominees")
India passport ranking slips: Why is visa on arrival considered visa-free?
per its latest standing, an Indian passport holder can travel visa-free to 57 destinations. The country shares its rank with Equatorial Guinea and Niger.
 "India passport ranking slips: Why is visa on arrival considered visa-free?")
US Visa Bulletin January 2025: Changes for Indians in EB-2, EB-3 categories
The US bulletin shows mixed movement across employment-based categories, with some progress in the Final Action Dates for applicants from India and China
Three 80C investments that still make sense for you under new tax regime
ELSS, NPS, and PPF still deserve a spot in your investment portfolio
 "Three 80C investments that still make sense for you under new tax regime")
Claim your family flat: New rules for heirs of deceased tenants in Maha
If a tenant has died, their family members (like children or a spouse) can now get the keys to the flat, but there are some rules. They have to prove they are the rightful heirs
 "Claim your family flat: New rules for heirs of deceased tenants in Maha")