BUSINESS
India Fintech Conclave | Indian regulations are like exams, but you come out wiser at the end: Prakarsh Gagdani, 5Paisa
Experts say regulations have helped the number of demat accounts grow from three crore to around 11 crore and broking industry penetrate into newer cities, with millions of investors coming into direct investing.
BUSINESS
SEBI pauses B-30 commissions till mutual funds revamp systems
SEBI had permitted fund houses an additional expense ratio of 30 bps on new inflows (up to Rs 2 lakh) from retail investors for incentivising mutual funds garnering funds from B-30 cities.
BUSINESS
Mid-cap funds outshine peers
BUSINESS
Bajaj Finserv gains on mutual fund foray
Nimesh Chandan, erstwhile head of equities at Canara Robeco AMC, will be heading the investment management function at BFAM.
MCMINIS
Charges you pay when sending money abroad
BUSINESS
L&T MF, former officials pay Rs 1.15 crore to settle SEBI case on lapses in inter-scheme transfers
The officials proposed to settle the proceedings against them without admitting or denying the findings and conclusions.
MCMINIS
Where should you invest your emergency fund?
BUSINESS
ManipalCigna rolls out senior citizens' health plan without sub-limits, co-pay
The standalone health insurance company’s Prime Senior product’s plans come with OPD and non-medical expenses cover options
MCMINIS
Will money market funds’ party end soon?
BUSINESS
FM Nirmala Sitharaman Interview: Moving to old pension scheme is unwise
FM Nirmala Sitharaman Interview: Moving from the New Pension Scheme (a defined contribution system) to the Old Pension Scheme (a defined benefit system) can bring more financial burden to states and the country. This, Finance Minister Nirmala Sitharaman said, can be trouble for future generations.
BUSINESS
FM Nirmala Sitharaman interview | New tax regime the future, old tax regime to stay
The new tax regime offers lower rates, more money in the hands of taxpayers and simplicity. While older tax regime offers incentives to save, the tax rates are far higher. The tax-payer is the best judge to decide where to put her money, Finance Minster Nirmala Sitharaman told Network18 Group Editor Rahul Joshi in an exclusive post-Budget 2023 interview.
BUSINESS
Earning less than Rs 5 lakh per annum? You don't have to pay tax under any of the regimes
Budget 2023: Tax rebate under both regimes ensures that low income earners will not have to pay any tax
BUSINESS
Budget 2023: Big jump in leave encashment limit for non-govt staff
The limit of Rs 3 lakh for tax exemption on leave encashment on the retirement of non-government salaried employees was last fixed in 2002
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
