BUSINESS
Wait until I-T portal glitch is resolved before revising returns, CAs tell tax-payers
At present, small tax-payers with special rate income such as short-term capital gains are unable to claim the rebate under section 87A, even if their income is below the basic exemption limit, as the updated utilities are not calculating the amount automatically.
BUSINESS
Nearly half of health insurance policyholders faced full or partial claim rejection in last three years: Study
What ought to be a cause for concern for the insurers, and more importantly, IRDAI, is that eight in ten policyholders were convinced that their claims were delayed by design
BUSINESS
Looking ahead @ 2025: Gold may continue to sparkle, but focus on asset allocation, not past returns, say experts
The asset class delivered stellar returns in 2024, as international gold prices rose close to 27 percent in 2024, but retail investors would do well to adhere to their asset allocation. Financial advisors recommend a 10-15 percent exposure to gold for retail investors’ portfolios.
BUSINESS
IRDAI annual report: India’s insurance penetration dips from 4% to 3.7% in 2023-24
Life insurance penetration in India declined from 3 percent in 2022-23 to 2.8 percent in 2023-24, while general insurance penetration remained unchanged at 1 percent
BUSINESS
Didn’t submit your tax returns by July 31? Don’t miss the Dec deadline for late filing
Also, taxpayers who have noticed errors in their original income tax returns can revise the same by December 31.
BUSINESS
Moneycontrol Fintech Conclave: AI and insurtech to drive efficiency, personalisation and penetration, say insurance industry CEOs
Insurtech can ensure cost optimisation, minimise mis-selling by enabling product suitability analysis and demystify insurance to deepen its penetration in the country, say insurance leaders.
BUSINESS
Switching jobs? Don't forget these critical financial tasks
Changing jobs can bring new financial opportunities, but it also requires careful planning. Learn how to update your tax withholdings, manage your employee benefits, and make the most of your salary increase.
BUSINESS
Advance tax: As the third installment is due on Dec 15, here’s why you must adhere to the deadline
Individuals whose estimated tax liability is likely to be over Rs 10,000 in a financial year are required to pay advance tax that year.
BUSINESS
These travel credit cards offer air, hotel, dining deals, & more
These cards also offer perks such as lounge access, accident cover, and more. But come at a cost.
BUSINESS
Credit card limit reduced? Here's what might have triggered it
Banks may reduce credit card limits due to various reasons, including defaults on repayment, increasing delinquencies and more. If your limit is reduced, contact your bank's customer care to understand the reason and take corrective action.
BUSINESS
RBI extends credit on UPI facility to small finance banks
RBI monetary policy: The facility allows banks to extend pre-determined loans to users based on their creditworthiness. Borrowers can use this credit line to make payments through UPI
BUSINESS
Aditya Birla Sun Life MF launches thematic fund betting on top Indian conglomerates
Aditya Birla Sun Life Conglomerate Fund will have an investible universe of more than 30 business groups.
BUSINESS
Got Rs 10 lakh to invest? Here's the best option to get the most out of this market
Flexi-cap funds, which invest a minimum of 65 percent in equities, sans restrictions on how much they can invest in large-cap, mid-cap, or small-cap stocks, are a good bet in turbulent times, says Pankaj Murarka, Founder, Renaissance Investment Manager
BUSINESS
Quant mutual funds: Decoding the math behind algorithm-driven schemes
This category of active MFS minimises the human element in decision making as far as investments are concerned. In turn, the action potentially reduces behavioural bias.
BUSINESS
SBI MF to launch quant fund based on multi-factor approach
SBI Quant Fund: A diversified multi-factor approach can help mitigate underperformance during unfavourable market conditions for a particular factor, says SBI Mutual Fund
BUSINESS
SBI Mutual Fund appoints Nand Kishore as managing director & CEO
Kishore, who was earlier deputy managing director of State Bank of India, takes over as the MD and CEO of SBI Funds Management from Shamsher Singh
BUSINESS
New India, Aditya Birla Health and IFFCO Tokio top the health insurance claim payout chart
The public sector major scored high both on claims paid in terms of number of policies as well as by amount paid. The higher the ratio, the better is the company’s track record of reimbursing hospitalisation expenses.
BUSINESS
Health Insurance Hacks: Here’s a list of dos and don’ts when buying a medical policy
Letting your agent enter key health details in your proposal form is a mistake you must avoid, as wrong or missing information can lead to claim rejection.
BUSINESS
Looking to invest in small-cap funds? Here’s what you need to bear in mind
Focus on funds with quality small-cap stocks and proven track records, and invest through the SIP route to mitigate volatility risks, suggest experts
BUSINESS
Health insurance: How ‘unreasonable’ hospital charges and undisclosed existing diseases can lead to claim rejection
Treatment charges beyond the ‘reasonable’ limits, non-disclosure of pre-existing illnesses constitute the most common grounds of friction between insurers, policyholders and hospitals. Aggrieved policyholders can escalate unresolved complaints to the insurance ombudsman offices.
BUSINESS
Unifi Capital gets SEBI's all-clear to start mutual fund operations
Unifi Capital was established in 2001 as a registered portfolio manager. The company has AUM of about Rs 27,000 crore in equity and debt
BUSINESS
Looking to book profits in bitcoin? Here’s how taxation on crypto assets work
Taxation On Cryptocurrency: Given the complexity over certain aspects of crypto taxation, investors would be better off taking a chartered accountant or tax portal’s help in filing their taxes
BUSINESS
Daava Soochak: How to check your deposit insurance claim status online
The RBI’s subsidiary, Deposit Insurance and Credit Guarantee Corporation, offers an insurance cover of up to Rs 5 lakh for retail depositors of failed banks.
BUSINESS
PM Vidyalaxmi education loans: How the new scheme can help students pursuing higher studies
Under PM Vidyalaxmi, students who secure admission in the top 860 quality higher educational institutions can avail of education loans on concessional terms, including interest subvention. The scheme will benefit over 22 lakh students every year, according to government estimates.
