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Now capital gains from debt mutual funds will be treated as short term capital gains, bringing it at par with FDs
Updated : Mar 24, 2023

Finance Bill 2023 passed in Lok Sabha: Capital gain from debt mutual funds to be taxed as per income tax slab

Now capital gains from debt mutual funds will be treated as short term capital gains, bringing it at par with FDs.

The amendment in the Financial Bill 2023 reads “Specified mutual fund means a mutual fund by whatever name called where not more than 35 per cent of its total proceeds is invested in equity shares of the domestic companies.”
Updated : Mar 24, 2023

Finance Bill 2023 Amendment: Debt funds proposed to be taxed at par with FDs

Currently, one of the biggest reasons for investing in debt funds is the tax advantage they offer over fixed deposits.

With a dovish statement by Fed on further interest rate hike, dollar index is most likely to see a further fall upto 100-99 levels.
Updated : Mar 23, 2023

What does a 25 bps Fed rate hike mean for gold prices?

With a dovish statement by Fed on further interest rate hike, dollar index is most likely to see a further fall upto 100-99 levels.

Market experts remain divided over the outperformance of gold over silver and vice versa. A few prefer the yellow metal, while others are going big on its white counterpart.
Updated : Mar 23, 2023

Silver fails to catch up with gold price rally. Can the white metal outperform?

Silver is currently trading a little above the Rs 69,000 mark, about 11 per cent below its lifetime high of Rs 77,949 per kg touched in August 2020.

Demand for gold loans has increased around 15 per cent as compared to last year
Updated : Mar 23, 2023

Gold loan demand growing with youngsters preferring experiences over possessions

Demand for gold loans has increased around 15 per cent as compared to last year

The total estimated vehicle fleet in country is 30.48 crore, of which 16.54 crore vehicles are uninsured, the minister told Parliament
Updated : Mar 20, 2023

More than 50% of vehicles plying on Indian roads are uninsured, says MoS Finance

The total estimated vehicle fleet in country is 30.48 crore, of which 16.54 crore vehicles are uninsured, the minister told Parliament

SBI revised its benchmark prime lending rate as well as base rate on December 15, 2022.
Updated : Mar 14, 2023

SBI to hike lending rate by 70 bps from March 15; check latest rates here 

The public lender, however, decided to keep the marginal cost of funds-based lending rates unchanged.

Employee Pension Scheme: Who can apply for higher EPS and how to avoid procedural hassles?
Updated : Mar 14, 2023

Employee Pension Scheme: Who can apply for higher EPS and how to avoid procedural hassles?

The Employees Provident Fund Organization has asked pensioners to submit certain documents along with the claim for a higher pension. However, there are procedural hassles. Check the details.

The interest payouts will continue to be quarterly across all account types.
Updated : Mar 01, 2023

Equitas Small Finance Bank hikes interest rates from March 1! Check details

The hike will allow FD customers to earn 8.20 per cent interest on investing less than Rs 2 crore for a tenure of 888 days. The bank is also increasing interest rates on investments for tenures ranging from 12 months to 24 months.

Phishing is an attempt to capture your confidential personal details like user ID, Password, PIN, CVV number, etc. Here's what you can do to be safe
Updated : Feb 28, 2023

Beware! This online mistake can reduce your bank balance to zero

Phishing is an attempt to capture your confidential personal details like user ID, Password, PIN, CVV number, etc. Here's what you can do to be safe

Earlier, there were speculations that March 3, 2023 is the last date for opting for higher pension.
Updated : Feb 27, 2023

EPFO members can apply for enhanced pension benefits till May 3; check details

Last week, EPFO came out with a procedure to enable subscribers and their employers to jointly apply for higher pension under Employees' Pension Scheme (EPS).

These directions are being issued in compliance with the order of the Supreme Court on November 4, 2022.
Updated : Feb 20, 2023

New EPFO guidelines! Now, EPFO subscribers can opt for higher pension; here's how

The Employees Provident Fund Organisation specified in an office directive that field offices of the organisation would handle the 'Joint Option Form.'

The capital market regulator SEBI had urged asset management firms to remain watchful and monitor social media platforms in December in order to spot Telegram groups that misrepresent themselves as registered mutual funds
Updated : Feb 12, 2023

Beware of fraudsters! Axis Mutual Fund cautions users against fake Telegram channels; check list

Additionally, the MF provided a list of bogus and official channels, stating that this is not an entire list.

Axis Bank is now offering interest rates of 4.50% and 4.75%.
Updated : Feb 11, 2023

Axis Bank increases interest rates on FDs: Check new rates here

Axis Bank currently offers interest rates on deposits maturing in 7 days to 10 years ranging from 3.50% to 7.00% for the general public and 6.00% to 7.75% for senior citizens.

"The meeting is likely to be rescheduled due to the busy schedule of all stakeholders involved," a government official said
Updated : Feb 07, 2023

EXCLUSIVE: GST Council meeting likely to be delayed; to be held Feb-end

'The meeting is likely to be rescheduled due to the busy schedule of all stakeholders involved,' a government official said

This form can be used to file returns online through the GST portal.
Updated : Feb 07, 2023

How to file GST returns using GSTR-3B; Check step-by-step guide

The deadline for completing Form GSTR-3B for those filing monthly returns is the 20th day of the month following the tax period to which the return relates.

SBI's latest interest rates on loans
Updated : Jan 29, 2023

SBI offers 30-40 bps concessions on home loan rates till March 31

Under the new deal, SBI is providing clients with an interest rate as low as 8.60% on standard house loans.

Premium can be paid regularly at yearly, half-yearly, quarterly or monthly intervals.
Updated : Jan 22, 2023

LIC launches new life insurance plan Jeevan Azad; Check how you can get Rs 5 lakh at end of tenure

Jeevan Azad is a non-participating, non-linked, individual, savings life insurance plan and limited premium endowment plan.

The EPFO declared on its website that the services will resume on January 17, 2023.
Updated : Jan 18, 2023

EPFO: EPS e-passbook facility resumes services after being inactive for days; Check details here

The facility was down for many days and users lodged their complaints and posted their concerns on social media platforms.

Under this scheme, both regular and direct plans are available.
Updated : Jan 10, 2023

TRUST MF unveils Corporate Bond Fund; Check details here

The fund, which was launched on January 9, 2023, will accept investments until January 18, 2023. Within five days of allotment, the scheme reopens for continuous sale and repurchase.

The CBDT frames policy for the Income Tax department.
Updated : Dec 24, 2022

PAN not linked with Aadhaar by end of March 2023 to be rendered inoperative: I-T Dept

"What is mandatory, is necessary. Don't delay, link it today!" the department said in a public advisory.