The EPFO (Employees’ Provident Fund Organisation) has decided to reinvest 50% of the proceeds from redeeming its exchange-traded funds (ETFs) back into equity. This move, approved by its 42-member central board of trustees, aims to increase equity exposure and generate higher income for its nearly 70 million subscribers. Board Meeting Highlights First Meeting of FY24 …
On December 17, 2024, Gold prices remained stable with spot gold edging up by 0.1%, reaching $2,655.07 per ounce. Traders are closely watching the Federal Reserve’s policy meeting on December 18, which is anticipated to shed light on the central bank’s outlook for interest rates and its potential impact on gold prices in the coming …
The first quarter of 2024 has exposed a growing financial concern: a sharp rise in credit card defaults. This alarming trend, particularly among low-income cardholders with smaller credit limits, has raised questions about spending habits and financial planning. With defaults crossing critical thresholds, regulators and economists are analyzing the causes and devising measures to prevent …
The Mahila Samman Yojana (Delhi) and Subhadra Yojana (Odisha) are government initiatives that offer financial assistance to empower women. While the core objective of both schemes is to uplift marginalised women, the specifics of each program vary in terms of eligibility, benefits, and application processes. In this article, we will compare these two initiatives. Scheme …
On December 9, 2024, Prime Minister Narendra Modi launched the LIC Bima Sakhi Yojana, a visionary initiative by the Life Insurance Corporation (LIC) aimed at empowering rural women. This scheme seeks to address the dual objectives of livelihood generation and expanding insurance awareness in underserved areas. With an ambitious target of enrolling 1,00,000 Bima Sakhis …
Many travellers often find themselves confused about what is included and excluded in their travel insurance policies. With so many different plans and providers, it can be challenging to determine what kind of coverage you’ll have in various situations. To help clear up this confusion, here’s an exhaustive list of what is typically covered and …
The holiday season is here, and while it’s one of the most exciting times of the year, it also comes with its own set of uncertainties. From sudden flight cancellations to medical emergencies and unexpected weather disruptions, travel during this time can be unpredictable. That’s where travel insurance comes in! It’s your safety net, offering …
Prime Minister Narendra Modi launched the LIC Bima Sakhi Yojana on December 9, 2024, a transformative initiative by the Life Insurance Corporation (LIC). This scheme is designed to empower rural women by providing them with opportunities to become insurance agents, fostering both financial independence and enhanced insurance awareness in underserved areas. The project envisions enrolling …
Retirement planning is crucial, especially when inflation is a silent yet powerful force eating away at your purchasing power. In this article, let’s examine the situation using Rohan’s example across three income-level scenarios. We have used Angel One’s retirement calculator for the analysis. Scenario 1: Rohan’s Annual Expense Amounts to ₹6 Lakh Age: 45 years …
Retirement planning is crucial, especially when inflation is a silent yet powerful force eating away at your purchasing power. In this article, let’s examine the situation using Rahul’s example across three income-level scenarios. We have used Angel One’s retirement calculator for the analysis. Scenario 1: Rahul’s Annual Expense Amount to ₹6 Lakh Age: 40 years …
