Mutual Fund investors around the world are constantly seeking opportunities to maximise returns while minimizing risks. ‘Don’t put all your eggs in one basket’ is perhaps the most popular adage in financial planning. Diversification is one popular investment vehicle that seeks to balance risk-return possibilities through diversification across multiple asset classes. Kotak and Baroda BNP […]
RBI plans new payment system to safeguard essential payments against digital attack, natural calamities
The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlement system (LPSS) that can be operated from anywhere by a bare minimum staff in the event of natural calamities and war. This new payment system will be independent of conventional technologies used for existing payment systems such as RTGS, NEFT, and UPI. […]
ITR filing: Online ITR2 form for FY2022-23 (AY 2023-24) available on income tax department’s e-filing portal
The income tax department has now enabled the online forms for ITR-2 after releasing ITR- 1, ITR-4 on May 20, 2023 As per the income tax website, “Income Tax Return Form of ITR-2 is enabled to file through Online mode with prefilled data at the portal”. The income tax department has released the ITR- 2 […]
Electricity bills set to rise further on higher import, transport costs
Electricity tariffs, which are inching up in some states, are expected to rise further in the year ahead as power producers pass on the costs of expensive imported coal and a longer route to transport coal. Following the coal crisis in September-October 2021 and April-May 2022, the Union power ministry earlier this year directed all […]
ITR filing for FY 2022-23: Which income tax return form applies to you
The Central Board of Direct Taxes (CBDT) has notified income tax return (ITR) forms for the Financial Year (FY) 2022-23 (assessment year or AY 2023-24) via notifications dated February 10, 2023 and February 14, 2023. It has also released the excel utility for ITR-1 and ITR-4 on April 25, 2023 and for ITR-2 on May […]
RBI plans new payment system to safeguard essential payments against digital attack, natural calamities
The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlement system (LPSS) that can be operated from anywhere by a bare minimum staff in the event of natural calamities and war. This new payment system will be independent of conventional technologies used for existing payment systems such as RTGS, NEFT, and UPI. […]
5 tips to get a personal loan with lowest interest rate and processing fee
Be it a wedding or surprise medical bill, home repair, or a huge outstanding amount on your credit card — a personal loan can come in handy to cover a variety of expenses. It is a convenient way to borrow small or large amounts of money from banks when you need it the most. Quick […]
PAN-Aadhaar linking, higher EPS pension, special FDs: 6 money deadlines in June
There are a few crucial personal finance-related deadlines that fall in the month of June one should be aware of. Here is a list of six money deadlines in June 2023. PAN- Aadhaar linking deadline Last date to link PAN and Aadhaar was extended to June 30, 2023. “In order to provide some more time […]
WhatsApp to soon introduce username feature. Here’s how it will work
WhatsApp is reportedly working on a username feature that will allow users to set unique usernames for their accounts as they use in other social media platforms. The feature is said to be in development and will be accessible within the app settings, according to WhatsApp tracker WABetaInfo. “With the ability to choose a username, […]
SBI sends bills to person despite his credit card’s expiry. Here’s what happened next
A Delhi consumer forum has directed the SBI Cards & Payments Services Pvt. Ltd. to pay ₹2 lakh to a person for sending him bills even after his card’s expiry and blacklisting him for non-payment of the charges, according to the news agency PTI. The New Delhi District Consumer Disputes Redressal Forum comprises its president Monika […]