Money

The Centre has clarified the General Provident Fund (GPF) disbursement to government employees upon retirement. This clarification, provided by the Department of Pension and Pensioners’ Welfare (DoPPW), addresses inquiries regarding interest payments on delayed GPF payments after retirement. The new instructions, dated October 25, 2024, highlight the importance of timely processing at every stage, from…

I want to invest in government bonds. Are those tax-free? What plans are available for tax-free interest? I want to invest for 7 -10 years. The government of India has not issued any new tax-free bonds for quite some time, but you can buy some of the tax-free government bonds issued in the past on…

I am a retired bank employee. My total annual income is around 15 lakhs, which is comprised of a pension, LIC annuity, rent on house property, and interest on fixed deposit. I get the advantage of one per cent being ex-staff and half per cent being a senior citizen. I am also getting 8.2% on…

More than 9.54 lakh people with income of ₹1 crore and above filed their income tax (I-T) returns until October 31, the data on the Income Tax portal revealed. The latest data for the financial year 2024-25 shows that a total of 2.76 lakh individuals in the ₹1-crore club filed their tax returns in October….

With the prevalence of digital payments, it is quite common among the public at large to use a unified payment interface (UPI) service for a slew of transactions. Be it for paying your food bill or your cab, for shopping or for the fuel bill, making payment digitally is seen as convenient. Thanks to our…

Those who intend to invest in stocks today during Muhurat trading are looking forward to get stocks in their portfolio for a long-term investment. Muhurat trading refers to a special session of trading which takes place on the evening of Diwali. This trading session typically lasts for an hour and is considered auspicious. “Muhurat plays…

The traditional joint family system has been disintegrating into nuclear families. Now, the concept of nuclear family structure is also changing. Being child-free is a conscious choice, and there is an increase in the number of DINKs (double income, no kids) and SINKs (single income, no kids), with variations such as DINKWADs, SINKWADs, DINKWACs, SINKWACs…

Early planning was essential for saving money, especially during Europe’s busy travel season in June and July. Gandhi, whometiculously collected credit card points, adopted a strategic approach: spend more to gather points that would fetch free business class tickets and stay in luxury hotels. Collecting Avios Gandhi and his family are into luxury travel, but…

Starting November 1, 2024, a series of significant changes will impact daily life for citizens across India. These updates span various sectors, particularly financial regulations, including a key new rule from the Reserve Bank of India (RBI) governing domestic money transfers. Staying informed about these developments is essential for effective financial planning and compliance. Here’s…

The central recommendation is a 30-day window for deploying these funds in line with the asset allocation specified in the scheme.  Sebi’s push for this timely deployment of NFO funds aims to protect investors from prolonged market exposure delays and ensure their money is actively invested as intended. The current regulatory framework, as per Sebi’s…