Page 199 - Personal Finance

SBI short-term loan interest rates reduced as MCLR changed by 25 bps

The MCLR-based rates have been adjusted to fall within the range of 8.20% to 9.1%. The overnight MCLR is at 8.20%, while the rate for the one-month is reduced from 8.45% to 8.20%, a dip by 25 bps

Awareness about retirement planning rising in urban India: Report

Encouragingly, 63 per cent respondents have already begun investing for retirement, leading to reduced concerns about meeting both basic and luxury needs, as well as securing their children's futures

New portal for filing I-T returns aims to simplify work for taxpayers

Before launching the new portal, the Income Tax Department is seeking feedback from the public and stakeholders

DA hiked by 3% for govt employees: Your take home salary explained

DA is provided to employees to offset the effects of inflation during a financial year and is calculated based on the All India Consumer Price Index (AICPI)

4.5 years of 'buying the dip': Are investors in India playing with fire?

Investors should carefully consider their strategies and be mindful that not every dip will lead to a recovery.

FD rates in October: 10 banks offer 7.5% & more interest for 3-year tenures

Now is the time to lock in high fixed deposit interest rates and secure your returns while you can

New GST amnesty scheme: FAQ on interest, penalty waiver released

The guidelines are expected to bring clarity to taxpayers seeking to avail of benefits under the newly introduced Section 128A

Coal India to RPower: 18 of biggest 30 IPOs fail to generate excess returns

Capitalmind studied the top 30 IPOs by offer size and the returns an investor buying at the IPO price and holding would have made compared with the CNX500 index. This includes the impact of dividends

How much DA hike will central government employees get? Know details here

Dearness Allowance is a crucial component of the pay structure for over 10 million central government employees and pensioners, offering protection against the effect of inflation

Crackdown on immigrants: Sweden offers Rs 28 lakh to foreigners to leave

Sweden is not alone in offering return grants to migrants. Several European nations have implemented similar measures, although the amounts vary significantly

Pending income tax disputes: FAQs on Vivad Se Vishwas Scheme 2024

For detailed provisions of the Direct Tax Vivad Se Vishwas Scheme, 2024, sections 88 to 99 of the Finance (No. 2) Act, 2024, may be referred along with the Direct Tax Vivad Se Vishwas Rules

Quant MF largest investor in Adani Enterprises' QIP, buys 47% of shares

Quant Mutual Fund has emerged as the largest investor in Adani Enterprises' recent Qualified Institutions Placement (QIP), which raised Rs 4,200 crore. They acquired nearly 47% of total shares off

Debt funds lose Rs 1.13 lakh cr in Sept 2024: What should investors do?

Corporate bond funds experienced maximum inflows to the tune of Rs 5,039.07, followed by Gilt funds, Long duration funds and Short Duration funds in September 2024.

Term insurance for self-employed: Get 10-15X cover, add premium waiver

Self-employed individuals often face hurdles in buying term insurance due to financial documentation that doesn't fully reflect their earnings. This complicates underwriting

Tax refunds via common email, mobile ID face scrutiny: Key actions to take

Income Tax department's internal says that only high risk refund cases will be investigated

Save up to Rs 1 lakh! Credit cards offer festive discounts and deals

BOBCARD's festive offers span e-commerce platforms, electronics, travel, and grocery shopping

Bandhan MF NFOs bet on high-risk undervalued stocks, top performers

These open-ended schemes will track the Nifty 500 Value 50 Index and Nifty 500 Momentum 50 Index, respectively

Baroda BNP Paribas launches fund tracking Nifty Midcap 150: What to know

An exit load of 0.2 per cent will apply if shares are redeemed on or before seven days from the date of allotment; the exit load will be nil if redeemed after seven days

Canadian Pension Funds continue investing in India amid diplomatic tensions

From 2013 to 2023, about 57% of Canadian pension funds' investment flows in India were in real estate (more than C$3.8B), financial services (more than C$3B), and industrial transportation

'Be very careful': UK colleges warn amid 16% drop in foreign student visas

Between July and September 2024, 263,400 sponsored study visa applications were submitted