Is your money management strategy actually working? Key signs you might be off track

Is your money management strategy actually working? Key signs you might be off track

When it comes to managing money or investing, we all feel like our way is the right way because it works for us. We convince ourselves that the financial choices we have made are the ones that work best for us. There is no empirical way to prove the accuracy of such a belief. However, … Read more

Income Tax: 28 banks where taxpayers can make tax payment before July 31. Full list here

Income Tax: 28 banks where taxpayers can make tax payment before July 31. Full list here

The last date to file income tax return (ITR) is July 31, which is just around the corner. Taxpayers can pay their income tax online on the e-filing portal. After you fill the form, your tax liability may be more than the TDS paid during the year. In such a case, you may have to … Read more

RBI imposes penalty on five banks including PNB for regulatory non-compliance: Report

RBI imposes penalty on five banks including PNB for regulatory non-compliance: Report

The Reserve Bank of India (RBI) penalised five banks including Punjab National Bank (PNB) with various RBI directions, reported The Economic Times. RBI imposed a penalty of ₹1.31 crore on PNB, which became the fifth bank for getting the wrath of the banking regulator. Other banks fined by the RBI are The Gujarat Rajya Karmachari … Read more

How to navigate financial stress like a pro? Here are tips and tricks

How to navigate financial stress like a pro? Here are tips and tricks

When a life variable is an important determinant of choices we make, it has an equal ability to bring peace or stress. Clearly, if peace is the outcome you don’t have to do anything to change, but if your money decisions are causing you stress, you have to consider transforming your decision making and behaviour. … Read more

How the US is daring the world to find a dollar alternative

How the US is daring the world to find a dollar alternative

The United States is merrily chipping away at the pillars that hold up the dollar as the world’s reserve currency, with the latest blows coming from some powerful Americans, questioning the rule of law following the conviction of Donald Trump. Also read:Currency Outlook: Dollar index remains mixed, and range bound In doing so, it is … Read more

Attention doctors! You need insurance to cover medical errors

Attention doctors! You need insurance to cover medical errors

Consider the case of a Gujarat-based doctor whose patient, after a successful emergency caesarean section, experienced severe complications due to a nurse’s oversight—a towel left inside her abdomen. This medical negligence led to a demand for ₹30 lakh in compensation. Fortunately, the doctor had professional indemnity (PI) insurance, which provided crucial financial support during the … Read more

Income Tax Return filing: Salaried individuals need to be aware of these 5 key points

Income Tax Return filing: Salaried individuals need to be aware of these 5 key points

If you are a salaried income tax payer, the process to file income tax return is quite simple, to say the least. You only need to file your return via form 1 i.e., ITR-1.  The income tax return form number -1 can be filed by a resident individual whose income does not exceed ₹50 lakh … Read more

Investors flee China funds in historic rush

Investors flee China funds in historic rush

Investors pulled out roughly $7 billion from Chinese funds over the past week. Chinese funds just experienced the biggest exodus of money ever. Investors abruptly pulled out nearly $7 billion from Chinese funds and ETFs over the past week, according to financial data firm EPFR. The withdrawal comes after index provider MSCI surprised investors by … Read more

Opportunity cost vs premium loss: When to surrender your policies

Opportunity cost vs premium loss: When to surrender your policies

This decision is not straightforward, as the cash value received upon surrender is usually significantly lower than the premiums paid. For instance, a client approached 1 Finance, an investment advisory firm registered with the Securities and Exchange Board of India (Sebi). He had an extensive portfolio of 13 endowment policies, with annual premiums totalling nearly … Read more

Trading in equity cash segment slows down on high valuation, poll uncertainty

Trading in equity cash segment slows down on high valuation, poll uncertainty

Trading in cash equity segment of NSE and BSE have slowed down in the last two months, even as the markets are hitting a new high. Retail and high networth investors are holding back their investments, due to high volatility and run-away valuations amid clouding uncertainty on the General elections outcome. The number of trades … Read more