Fixed deposits (FDs) have been a preferred choice of investment for Baby Boomers and Gen X in India, making it one of the oldest saving instruments. With their money invested in FDs, depositors deemed the money to be in a safe place with an assured fixed rate of return. Of late, with a soaring fiscal …
On December 4, 2024, the Goods and Services Tax Network (GSTN) issued an important advisory outlining new guidelines for the filing of GSTR-7 returns. Effective from October 2024, it is now mandatory for GST-registered taxpayers, specifically those who deduct Tax Deducted at Source (TDS), to follow a sequential filing process. This new rule aims to …
When envisioning retirement, financial security and comfort take precedence. Throughout life, individuals work tirelessly, earn, and make financial sacrifices to secure a stable future. As income sources diminish during retirement, having a reliable corpus ensures independence, dignity, and the ability to maintain one’s lifestyle without financial stress. The question arises: how does one build such …
If you want to check your Provident Fund (PF) balance, you’ll need a Universal Account Number (UAN), a registered mobile number, and an internet connection. Here are 5 ways to check your balance and account details. Check PF Balance Using the UMANG App The UMANG app, launched by the government, offers multiple government services, including …
The government has raised the Tax Deducted at Source (TDS) limit on fixed deposit (FD) interest for senior citizens from ₹50,000 to ₹1 lakh per year. This change, effective from April 1, 2025, aims to reduce the administrative burden on senior citizens. However, tax experts emphasise that this is only a procedural change, and senior …
The government of India has reduced the import tariff on gold by $11 per 10 grams, lowering the price to $927 per 10 grams. This change comes amid ongoing selling pressure on gold, primarily due to a rebound in the dollar index and profit-taking. The import tariff price of gold represents the base price set …
Credit card spending in India sees 14 pc growth at Rs 1.84 lakh cr in Jan Mumbai, March 4 (IANS) Total credit card spending in India reached Rs 1,84,100 crore (Rs 1,841 billion) in the month of January, marking a strong 14 per cent growth (year-on-year), a report showed on Tuesday. The total credit card …
Generating a stable monthly income can be a key financial goal for many investors, whether they are retirees seeking financial security or individuals looking for passive income. With evolving market conditions and changing interest rates, selecting the right investment options in March 2025 requires a balanced approach between risk and returns. From fixed-income instruments like …
Bhubaneswar (Odisha) [India], March 4 (ANI): Odisha Deputy Chief Minister and Minister of Women and Child Development Pravati Parida asserted that more than 98 lakh women received benefits from the Subhadra Scheme, and further assistance will be given on March 6 and International Women’s Day on March 8. Pravati Parida said, “We gave benefits of …
The announcement of the 8th Pay Commission has brought excitement among central government employees, who are eagerly awaiting its implementation. The proposed effective date is January 1, 2026, marking the beginning of the last quarter of the 2025-26 financial year. This financial year’s budget was presented by the Finance Minister on February 1, 2025. However, …
