The government has finally ended the wait on the much-awaited 19th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM Kisan) scheme. As per news reports, PM Kisan 19th Instalment is set to be released in the last week of February 2025. The news reports further stated that PM Narendra Modi is scheduled to visit …
The government is working on a new feature that will allow Employees’ Provident Fund (EPF) subscribers to withdraw their funds using the Unified Payments Interface (UPI). This move aims to make fund transfers faster and more convenient for members. EPF to Be Linked with UPI Soon The Employees’ Provident Fund Organisation (EPFO) has developed a …
The Indian Rupee (INR) has depreciated by approximately 3.5% against the US Dollar over the past 6 months. While this may raise concerns about inflation and higher import costs, it presents an advantage for Indian investors holding US-focused mutual funds and stocks. When the rupee weakens, the value of US-denominated assets rises in rupee terms. …
Life Insurance Corporation of India (LIC) has introduced the New Smart Pension Plan, a non-linked, non-participating individual savings annuity plan. This single premium immediate annuity plan offers multiple options to suit different financial needs. If you are considering investing in this retirement scheme, here are the key details: Can You Buy It with Someone Else? …
The Life Insurance Corporation of India (LIC) has introduced its latest offering, the Smart Pension Plan, a comprehensive and flexible pension scheme designed to provide financial security for retirees and their families. This non-linked, non-participating individual/group savings and immediate annuity plan aims to cater to diverse retirement needs, ensuring a steady income stream during the …
The Issue of Unclaimed Assets in Indian Markets The Securities and Exchange Board of India (SEBI) has identified a significant concern in the financial markets—unclaimed investor funds and securities. As of January 31, investors have left approximately ₹323 crore in funds and ₹182 crore in securities unclaimed. To prevent misuse and facilitate timely returns, SEBI …
Gold has served as a symbol of security and prosperity in Indian households for centuries, far beyond just being an ornament. However, mean and use of gold have transformed over the years for Indians. Investing in gold by Indians is evolving. While overall gold investments are on the rise, the appeal of traditional physical gold, …
Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in the Lok Sabha on February 13, 2025. This new bill will replace the Income Tax Act of 1961 and is set to come into effect on April 1, 2026. Restructuring of Tax Deductions One of the major changes in the new bill is the …
Retirement planning is crucial, and investing early can significantly impact the final corpus. A single investment of ₹10 lakh may seem modest, but with the power of compounding and long-term market growth, it can potentially grow into a substantial ₹3 crore corpus. But how does this happen? The key lies in investment returns and time …
Indian Overseas Bank (IOB) has launched Aadhaar OTP-based online account opening, allowing customers to open a savings account with minimal paperwork. Additionally, API banking is introduced for businesses to process transactions smoothly. Simplified Account Opening The bank has rolled out Aadhaar OTP-based account opening and API banking, aimed at enhancing user experience and simplifying banking procedures. …
