BUSINESS
Budget 2023: Big bonanza for senior citizens
Budget 2023 has increased the maximum permissible investment in the senior citizen savings scheme, a popular investment among the elderly. The post office monthly income scheme, too, has been made more attractive
BUSINESS
Budget 2023: Here is what it offers to tax payers
The finance minister while announcing the Budget 2023 tried to reduce the tax burden on individuals in new tax regime. The tax rates were reduced.
BUSINESS
Budget 2023: Finance Minister Nirmala Sitharaman announces new investment scheme for women
The scheme will have partial withdrawal facility as well. In this scheme maximum deposit amount is kept at Rs 2 lakh.
BUSINESS
Economic Survey 2023: NPS assets now 3.2% of India’s GDP
Future NPS growth will be fuelled by private sector salaried employees and self-employed workers
BUSINESS
Economic Survey 2023: Women make up 44% of voluntary APY subscribers
Economic Survey 2023: As of August 2022, 44.8 percent of APY subscribers were between 18 and 25 years of age, as compared to 29.3 percent in March 2016.
BUSINESS
Economic Survey 2023: Insurance coverage of the poor, senior citizens expanding
The Economic Survey says 31.3 crore beneficiaries have been enrolled under the Pradhan Mantri Suraksha Bima Yojana and 1.07 lakh claims handled till November 30, 2022
BUSINESS
Economic Survey 2023: Mutual fund inflows slump 72% YoY during April-November period
The mutual fund industry's assets under management increased by 8.1 percent at the end of November 2022 on a YoY basis, thanks to the market performance.
BUSINESS
Economic survey: Insurance penetration improves, but most buy savings-linked
Economic Survey acknowledges India's robust growth in the insurance sector over the last 20 years. But the low penetration of protection products as opposed to saving products might just be a nudge to Budget 2023 to give additional sops to buy pure term life insurance policies.
MCMINIS
Will bounce back in Chinese funds sustain?
BUSINESS
Finally! EPF online passbook facility now up and running
After more than a week of being inaccessible to employees’ provident fund (EPF) passbook, the facility was finally restored, allowing members to check their balance and interest credit details
BUSINESS
Budget 2023 | On taxpayers’ wishlist: Higher basic tax exemption limit, higher exemption from long-term gains tax on equity
Strap: Individual taxpayers also expect finance minister Nirmala Sitharaman to raise section 80C limits
BUSINESS
Gold prices hit record high: What you should do now
Gold futures traded at a new high. However, while experts caution against going purely by past returns, they say there’s steam left in the gold rush, with a lot of volatility thrown in.
BUSINESS
National Startup Awards 2022 announcement scheduled for January 16
A special award category has been added this year for Hilly and North-East areas of the country.
MCMINIS
Will consumption funds come under pressure?
BUSINESS
EPFO’s e-passbook facility still down as on January 13
The e-passbook facility provided by the Employees’ Provident Fund Organisation is a popular one where subscribers can check monthly contributions being by their employers as well as employee contribution and their overall EPF balance.
BUSINESS
Minimum assured return NPS plan for risk-averse investors on the cards: PFRDA chief
Citizen and corporate models to grow fastest going forward; approval for minimum assured return scheme expected soon, says PFRDA chief Supratim Bandyopadhyay
BUSINESS
What's the attraction of short-term debt funds?
BUSINESS
Revised rules for safe deposit lockers, new KYC norms to buy insurance: 6 money changes in January to watch out for
The New Year is set to usher in a string of changes that will affect your money box. From renewing your bank locker agreement to taking note of revised insurance KYC norms and mutual fund rules, here are six developments you ought to bear in mind.
BUSINESS
Why overseas investing still makes sense
BUSINESS
What happens if your mutual fund SIP gets cancelled?
The SIP mandate can get cancelled if the SIP bounces for three consecutive months. PGIM Mutual Fund has recently given a leeway of four months before SIP cancellation. Make sure you have enough money in your bank account around your SIP dates.
MCMINIS
ELSS funds save tax and create wealth too
There is no compulsion to sell the investments in ELSS after lock-in ends. Lock-in helps investors to ride out the volatile phases of stock market.
BUSINESS
Coming soon: Well regulated execution-only platforms for investing in direct mutual fund schemes
These EOP regulations not only protect investors but also define a profitable business model with revenue visibility.
BUSINESS
Competition in the R&T space will boost innovation: KFin Tech’s Sreekanth Nadella
Nadella added that it was because of innovation that the company was able to offer elevated service and compliance levels at scale.
BUSINESS
When fund managers, SEBI, Bollywood star and MasterChef descended on Moneycontrol's first MF summit: Key takeaways
From charting the mutual fund industry's walk from Rs 40 trillion to Rs 100 trillion in the next five years, debating the prolific rise of social media influencers in financial advice or FinFluencers, to predicting which among the two- active or passive fund management- will win the case, Moneycontrol's MF Summit set the agenda for the Indian mutual fund industry ahead
