Dubai, known for its luxury shopping and impressive architectural landmarks, is also famous for its Gold Souk, one of the most iconic markets where you can purchase gold jewelry, coins, and bars at competitive prices. In addition to offering a wide range of gold items, Dubai provides an opportunity for tourists to reclaim VAT (Value …
The Reserve Bank of India (RBI) just dropped a major policy update—and it could have a direct impact on your EMIs, mutual funds, and the stock market. In its first bi-monthly monetary policy of FY26, the RBI, under Governor Sanjay Malhotra, cut the repo rate by 25 basis points—from 6.25% to 6%. More importantly, it shifted …
Section 54 of the Income Tax Act provides relief to individuals and Hindu Undivided Families (HUFs) from long-term capital gains (LTCG) tax if the gains are reinvested in a residential property. It is crucial to note that the exemption applies to the amount of capital gains, not the entire sale consideration. This distinction ensures that …
Planning to buy a car and considering a loan of ₹10 lakh? One of the key decisions you’ll need to make is choosing the loan tenure. A common dilemma for borrowers is whether to opt for a shorter tenure like 5 years or go for a longer one, such as 7 years. Let’s break …
As discussions around the 8th Pay Commission gather pace, the staff side of the National Council of Joint Consultative Machinery (NC-JCM) has revived a long-standing demand: the inclusion of a clause in the Terms of Reference (ToR) for merging Dearness Allowance (DA) with basic pay. Why Merge DA in the 8th Pay Commission? The staff side …
As the new financial year kicks off, taxpayers across India are looking forward to filing their Income Tax Returns (ITR) for the Assessment Year (AY) 2025–26. However, the process can only begin once the Income Tax Department officially notifies the ITR forms for the current assessment year. ITR Forms Yet to Be Notified Last year, …
Investors holding the Sovereign Gold Bond (SGB) 2019-20 Series V now have the option to redeem their bonds early, with the redemption price set at ₹9,069 per gram. This follows the SCB’s first premature redemption date on Tuesday, April 15, 2025. Since its launch on October 15, 2019, at ₹3,788 per gram, the SGB has …
The Maharashtra government has announced a significant reduction in the budget allocation for the Mukhya Mantri Majhi Ladki Bahin Yojana, cutting its funds by ₹10,000 crore for the financial year 2025-26. This move comes as the state grapples with mounting debt and a widening fiscal deficit, forcing the government to focus on financial prudence rather …
With people living longer and prices rising, planning for retirement is more important than ever. In India, more investors are turning to market-linked options like the National Pension System (NPS) for better long-term returns. NPS equity funds have shown strong performance recently thanks to smart asset allocation and focus on high-growth stocks. Top Performers Among …
Credit card closure may impact your credit score, depending on various factors. This includes your credit use, holding period, remaining dues, and past payment history. As per recent news reports, nearly 33% of digital domestic transactions in 2024 were made using credit cards. This makes it important for you to understand the financial repercussions of …
