Starting April 1, 2025, several new financial and tax rules will come into effect. These changes, announced in the Union Budget 2025 by Finance Minister Nirmala Sitharaman, will impact your income, banking, investments, and spending habits. Here’s what you need to know: No Income Tax for Earnings Up to ₹12 Lakh The revised tax slabs …
Gold prices fluctuate daily based on global market trends, demand, and currency exchange rates. Staying updated on these changes is essential for investors, jewellers, and buyers to make informed decisions. Check out today’s gold rates in Dubai. Dubai Gold Rate Comparison: Today vs. Previous Session The table below shows the per-gram and 10-gram gold prices …
Retail credit growth witnessed a noticeable moderation in the quarter ending December 2024. According to a recent report, this slowdown has had a disproportionate impact on new-to-credit (NTC) customers—individuals seeking formal credit for the first time. As lenders reassess their risk appetite, fresh applicants are finding it increasingly difficult to secure approvals. Lenders Become Selective …
Did you struggle with your online banking transactions today? If so, you weren’t alone. On April 1, 2025, State Bank of India (SBI), the country’s largest public sector bank, faced a significant technical disruption that affected millions of customers nationwide. Mobile banking services, fund transfers, and ATM operations were impacted, leaving users frustrated during one of …
Investment in gold has been remarkable for investors in FY 2024-2025. As per the date available on MCX, Indian spot gold prices rose ~32% in FY25, outperforming the Nifty 50 equity index, which soared just over 5%. On March 28, 2024, gold prices were around ₹67,000 per 10 grams, but they have since surged to …
India has reached a significant milestone in its economic growth, with total gross foreign direct investment (FDI) inflows surpassing $1 trillion since April 2000. This achievement was driven by a nearly 26% increase in FDI, reaching $42.1 billion in the first half of FY 2025. As per news reports, the Reserve Bank of India (RBI) …
Launched on April 1, 2023, the Mahila Samman Savings Scheme (MSSS) is a government-supported small savings initiative aimed specifically at women and girls. MSSS offers a fixed 2-year tenure. The scheme was introduced to strengthen financial inclusion and encourage women to securely save and grow their wealth. The deadline for investing in the Mahila Samman …
You’re a team leader working in a bustling metro city in India. Thanks to your stellar performance, you’ve just received a ₹10 lakh gratuity or bonus. But that’s not the only way a person may receive a lump sum. It could also come from a life insurance maturity payout, an inheritance, withdrawal of your provident …
The Indian government has introduced several financial schemes aimed at empowering women by enhancing their savings and financial security. The Mahila Samman Savings Certificate and the Mukhyamantri Maiya Samman Yojana are two financial schemes designed to empower women financially. While the Mahila Samman Savings Certificate is a central government savings initiative, Mukhyamantri Maiya Samman Yojana …
Here’s a detailed look at the scenario and key aspects of a loan against LIC policy, including eligibility, loan amount, interest rates, repayment tenure, and how you can apply. Loan Against LIC Policy with a Yearly Premium of ₹50,000 and 15-Year Policy Duration Consider the following: Policyholder: Rahul Sharma Policy: LIC Endowment Policy Premium: ₹50,000 …
