Insurance policies are taken out for preventive protection, intending to support those who depend on us if something unexpected happens. We pay a premium to secure financial protection through insurance payouts. Certain precautions must be taken when seeking insurance compensation. Claim Settlement: Insurance companies often fail to honor the promises made while selling insurance policies. … Read more
The US dollar has strengthened significantly, while the Indian rupee has fallen to a lifetime low. Currency depreciation, like the rupee, can be viewed positively or negatively. When the rupee depreciates, imported goods become more expensive, creating more opportunities for exporters. The Reserve Bank of India (RBI) intervention is necessary to prevent excessive market fluctuations. … Read more
In India, a significant proportion of the population is employed, with many individuals working in the private sector. The government permits investments through the Employee Provident Fund to ensure financial security for employees after retirement. This scheme requires employees and the company to make equal monthly contributions. Mistakes made during PF data entry can lead … Read more
Indians have a strong affinity for gold. They predominantly purchase gold jewelry for festivals, weddings, and other auspicious occasions. Gold is often passed down through generations as inheritance, either through legal means or as gifts from parents to their descendants. Let’s explore the tax regulations surrounding this gold. There is a massive demand for gold … Read more
The central government is likely to announce good news for wage earners soon. Reports indicate that the Employees’ Provident Fund Organisation (EPFO) plans to increase the wage limit. The EPFO maximum wage limit is Rs. 15,000, but it may be raised to Rs. 21,000. The government intends to decide on this matter and announce it … Read more
Home loans are long-term financial commitments, and paying your EMIs (Equated Monthly Installments) regularly and on time is crucial. Staying financially sound is essential to protect your home. However, borrowers can face numerous issues if they miss or are late in making EMI payments. Let’s explore the consequences: Late Payment Penalties: Lenders typically impose a … Read more
On November 6, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved a new scheme called ‘PM Vidyalakshmi’. This initiative aims to provide financial assistance to economically disadvantaged students seeking higher education. Under this scheme, students can secure loans from banks and financial institutions without collateral. Additionally, the government will offer subsidies on education … Read more
In today’s world, cash payments are becoming increasingly rare, as most transactions are done online. For example, if you buy chocolate for 2 rupees, merchants often ask you to scan it and pay the exact amount to avoid giving a change. Several payment apps, like Google Pay, PhonePe, and Paytm, facilitate online payments. Typically, you … Read more
The Andhra Pradesh government has launched the AP Aasara Pension Scheme, a social security pension scheme that provides financial support to the needy and vulnerable sections of society. The AP Social Security Scheme is a pioneering initiative by the Andhra Pradesh government to provide a monthly pension to the elderly, disabled, and vulnerable individuals. The … Read more
The Modi government at the Center has introduced a new PM Internship scheme to provide employment and skill training for higher education students. The PM Internship Scheme officially started as outlined in the previous budget. The central government has established a portal for this purpose. This portal allows many companies to accept applications from candidates, … Read more