Explore the pitfalls of rushing into tax-saving investments like life insurance, medical insurance, and ELSS. Learn why careful planning is crucial for long-term financial gains.
With the spate of bank failures in independent India putting the depositors’ money at risk, India passed DICGC Act in 1961 through which Deposit Insurance & Credit Guarantee Corporation of India (DICGC) came into existence.
What is a Neo bank? Neo Banks are virtual entities offering various banking services, using latest technology, entirely online. Neo banks are launched by Fintech companies that build, adapt and implement technology in order to improve and automate the delivery of financial services. These Banks offer an unique banking experience to customers and with the […]
The market share of lending through traditional channels is increasingly being ceded to new age digital lending channels like p2p platforms, digital lending apps etc.
Employee stock options (ESOP) are part of an Employee benefits program offered by Startups to engage the employees in a more effective manner. The ESOPs issued to the employees provide them the benefit or right to purchase the shares of the Employer company, at a predetermined price, in a future date. Widely considered as a […]
On 6th July , 2017, RBI has come out with a new circular capping the liabilities of Bank customers in the event of unauthorized electronic banking transactions (put simply, frauds). The guidelines given in the circular is applicable for all Commercial banks, Small banks and payment banks in India.
Before the previous last RBI meet, there was an increased expectation of rate cuts by RBI as a measure of providing impetus to the economy after a demonstration. That RBI maintaining status quo on repo rates at 6.25% is a negative thing for most people but senior citizens in India. Citing increased liquidity available and […]
Payment banks (PB) are being introduced to offer basic banking operations like opening and maintaining a savings/current account and creating a secured technologically advanced remittance services by migrant workforce, low income households, small businesses etc.
Government’s new directive that all the 500 and 1000 rupees notes that are currently in circulation will not be considered a legal tender effective midnight ,the 8th November 2016 , has been widely regarded as a historic move to combat the circulation and curbing of Counterfeit currencies.
In the budget 2012, our Finance Minister Mr Pranab Mukherjee announced a series of proposals which intended to check tax evasion, improve tax compliance and tax collection. The most important among these proposals are: GAAR, TDS on immovable property purchases, Excise duty on gold jewellery etc. Today in the Budget bill discussion in the Parliament, the Finance Minister amended some of the proposals that he announced in the budget day. Here is a synopsis of the original proposals, the changes and the effects of such changes.
