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
The Reserve Bank of India (RBI) releases a list of bank holidays every month, and consumers should plan their banking activities in consideration of these holidays to avoid wasting time and potential financial loss. List of Bank Holidays in November 2024: Name of the holidays Bank Holidays website https://rbi.org.in/ Check Holiday Dates Bank Holidays Bank … 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 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
When facing unexpected financial needs, it’s okay to consider a personal loan. Before taking out a personal loan, knowing a few key considerations is crucial. Ignoring these factors could lead to financial setbacks. Let’s delve into these essential tips: Please choose the right loan amount: Before obtaining a personal loan, it’s crucial to take a … Read more
In today’s world, a quality education is essential for a successful future. However, the rising cost of education can be a challenge for many students, particularly those aspiring to attend reputed institutions. The Vidya Lakshmi Education Loan offers much-needed relief, providing financial assistance to help students achieve their academic dreams without the burden of high … Read more
The Centre has recently addressed an important question regarding whether interest will be charged on the Provident Fund (PF) after retirement if payments are not received on time. A notification has been issued clarifying this matter. Here are the details. The Centre has provided several important details concerning the General Provident Fund (GPF) for government … Read more