Page 330 - Personal Finance

Allure of offbeat towns: After DLF, M3M plans Rs 2,700 cr Panipat project

Key locations in North India that have caught the attention of buyers and developers alike include Panchkula, Sonipat, Panipat, Karnal, and Meerut

US may hike visa fee in 2024, H1-B pre-registration fee to go up 2050%

Higher fees would result in increased financial burden for individuals applying for the H1-B visa. The overall cost of hiring Indian talent for the U.S. market would increase,

US hits H-1B visa cap for FY24: All you need to know

This limit, known as the H-1B cap, is currently set at 85,000, with an additional 20,000 visas reserved for individuals who have earned a Master's degree or higher from a US institution

Leverage HUF to max tax benefits by distributing income, availing deduction

By distributing income and availing of deductions, it can facilitate tax savings

Equity AUM at new peak: Top 10 stocks that rose the most in November

In Nov'23, MFs showed an interest in Healthcare, Real Estate, Technology, Utilities, Retail, and Metals, leading to a MoM rise in their weights.

Several banks raise FD rates in December, offer up to 8% interest

On Monday, Kotak Mahindra Bank raised fixed deposit (FD) interest rates by up to 85 basis points. Kotak Mahindra customers can now earn up to 7.80 per cent on senior citizen FDs

Contra funds become the flavour of the season: Should you invest?

"The category which saw the highest uptick in its flows in percentage terms was the value/contra category which received net flows of Rs 1,251.8 crore in November 2023, up from Rs 415.06 crore in Oct

Axis Magnus to SBI Aurum: Top premium lifestyle cards for high earners

Even before applying for a credit card, you must know which type of card you want based on your lifestyle and spending behaviour. This allows you to align credit card perks with your spending pattern

Are you facing short-term credit issues? Opt for a secured credit card

Invest in liquid and short-duration funds to finance short-term spending goals

UPI is king but 75% of online transactions are still through credit cards

Credit cards also appeat to be most dominant in West and South India as 75-80% of credit cards are issued in Western and Southern India.

Australia tightens visa norms for international students, skilled workers

New measures to reduce intakes include higher scores on English proficiency tests and increased scrutiny on second visa applications to form extended stays

Bajaj Allianz Life Insurance has a new 'increasing income' savings plan

Bajaj Allianz Life ACE - Increasing Income provides life cover with tax benefits and allows flexibility in determining policy terms, ranging from 10 years to 100 years of age

63% opted for old tax regime in FY24, PPF and ULIP top saving tools: survey

When asked about the reason for the choice of the old tax regime, 43 per cent of taxpayers cited lower tax liability as the primary reason

2 sovereign gold bond tranches in the offing: How do SGBs differ from GMS?

The investors will receive an interest rate of 2.50 per cent per annum payable semi-annually on the nominal value. No capital gains tax has to be paid if redemption is done after maturity.

Be warned: Restarting stalled vehicle in a flooded area magnifies damage

In such areas, engine protection, zero depreciation, and roadside assistance riders are must-haves

Should investors opt for higher debt allocation in the next 12-18 months?

Historically, bond yields have traded in a band of 6-8% on an average given that inflation too has stayed in an range of 5-7% over the last decade.

Revised TCS on overseas tours to have only material impact on demand: Crisil

The TCS rate hike4 may have a limited impact on demand as expenditure per individual per trip is usually much less than the Rs 7 lakh threshold for over 80% of tour packages.

Will or gift: The better way to transfer assets to the next generation

A gift deed comes into play when finalised and a will for transfer one the death of property owner

Investors should limit their allocation to smallcap funds at 15-20%

Book profit if you have become overweight after the recent run-up

RBI policy: EMIs won't go up immediately, housing bull run to continue

The RBI has been raising this rate since May 2022 to tackle high inflation. For borrowers, this meant higher interest rates on their loans