Most people have very little monthly income, but daily expenses are high. Therefore, they feel sad that they cannot save for the future. Are you in the same category? But don’t worry. You can reduce your expenses and increase your savings with simple tips. Let’s see what those tips are. Why is there a delay? … Read more
Great news! The deadline for new ration cards has been finalized. The pending ration cards, awaiting approval for many years, will finally be addressed. Ministers Uttam and Ponguleti made a significant announcement regarding issuing new ration cards. Here are the details: Under the previous government, only 50,000 ration cards were sanctioned. However, Minister Ponguleti Srinivasa … Read more
When making long-term investments, it is essential to choose diversified schemes. Before investing in mutual funds, it is crucial to take precautions and consider the potential consequences of your investment choices. Returns result from making our hard-earned money work hard for us. Diversified schemes are the best choice for long-term investments. It’s essential to consider … Read more
In India, income above a certain threshold is subject to tax. The Income Tax Act of 1961 states that tax rates vary based on income slabs. However, there are ways to save tax. Some types of income are not taxed, some can be refunded through claims, and some may be eligible for tax exemption. Many … Read more
The central government has announced a new budget opportunity for parents to save for their children’s future. The National Pension Scheme (NPS) has been changed to include minors. The central government has launched the NPS Vatsalya, a new scheme for children. It will allow parents or guardians to invest in their children’s names. Under this … Read more
Union Bank of India has some good news for farmers: they provide easy loans without lengthy processes. A unique option offered by the bank allows you to get around Rs. 1.6 lakh. The government has introduced Digital Kisan Credit Cards, which are explicitly designed for farmers and allow them to access loans easily. Union Bank, … Read more
Banks have introduced a new feature called UPI Interoperable Cash Deposit (UPI-ICD) to facilitate cash deposits at ATMs. With UPI-ICD, you can deposit cash into any bank account using any app. Although this feature is currently available at select ATMs of banks like Axis Bank and Union Bank of India, more banks are expected to … Read more
Short-term health insurance, also known as term medical insurance, provides temporary coverage for individuals who need immediate coverage in addition to standard long-term health insurance policies. It is also a relief for those who cannot afford comprehensive coverage, such as employees and unemployed individuals waiting for company group insurance. Key points about short-term health insurance: … Read more
The Employees’ Pension Scheme, or EPS 95, is a pension scheme provided to private and public sector employees after age 58. Introduced on November 19, 1995, it is intended to meet the retirement needs of employees in the organized sector. The scheme, managed by the Employee Provident Fund Organization (EPFO), provides a secure future by … Read more
In India, even though the retirement age is 60, many individuals are choosing to retire early, a trend that is becoming increasingly popular, especially among the youth. Some people begin contemplating retirement as early as the age of 30, often due to reasons such as job-related stress and lack of interest. However, retiring at such … Read more