Page 162 - Personal Finance

Health cover against cancer: Check policy for exclusions, sub-limits

Cancer-specific policies, which only cover cancer, are available as indemnity-based or fixed-benefit plans

H-2B visas: Cap reached for additional visas for first half of FY 2025

Indian nationals remain excluded from eligibility for the H-2B visa, as per the Department of Homeland Security's (DHS) updated list of eligible countries

Groww MF launches first-ever ETF tracking Indian railways PSU Index

This ETF replicates the Nifty India Railways PSU Index-TRI, featuring PSUs vital to the railways sector, covering infrastructure, financial services, logistics, and technology

NPCI clarifies misconceptions about Jumped Deposit scam, no fraud reported

NPCI clarified that simply opening a UPI or bank app does not approve transactions. Users must explicitly authorise payments by entering their UPI PIN for processing

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.

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.

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

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

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

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

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

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

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

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: 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 tighten visa health rules: Key changes for Indian visitors

Saudi Arabia plans to welcome 7.5 million Indian travellers annually by 2030

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

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

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.