Money

New Delhi-based Rahul Kumar’s 67-year-old father was diagnosed with liver cancer that needed an advanced palliative treatment called Transarterial Radioembolization (TARE). Kumar’s brother had a corporate policy with a private insurer. However, during pre-authorisation, the company refused to approve the claim, saying, “TARE is an advanced procedure which is not covered under the policy; hence…

It is important for an individual to build and maintain a good credit score. A good credit score helps them get credit cards and loans essential to fulfil important financial goals. However, there are several myths surrounding credit scores. Let us clear some of these myths. Debunking common myths about credit score CIBIL is the…

Indian tourists are the largest group visiting Sri Lanka, thanks to the country’s proximity—a quick 2.5-hour flight from Mumbai—and its affordability. Following the Sri Lankan rupee’s collapse in 2022, the country became one of the most budget-friendly luxury destinations. Even 4- and 5-star hotels can be booked in the ₹5,000-10,000 range, particularly in the off-peak…

The Ministry of Defence, in a notable announcement, has confirmed that eligible civilian defence employees serving in the Army Ordnance Corps (AOC) and Indian Army will receive a 40-day productivity-linked bonus (PLB) for the financial year 2023-24. This decision, backed by presidential sanction, reflects the government’s recognition of the significant contributions made by these employees….

With high school approaching, I want him to explore the world and its opportunities, so he can make informed decisions about his educational path. Like any parent, this is a top priority for me too, knowing that these choices will shape not only his academic journey but also his future.  I am personally a strong…

In 2022, the Indian government introduced a flat 30% income tax on gains from cryptocurrencies and Non-Fungible Tokens (NFTs). Investors riding the current rally should be aware of their advance tax and reporting obligations to avoid penalties under the Income Tax (IT) Act. With a 1% TDS deducted on sales of these virtual digital assets…

Unlike direct investment in stocks, which involves cumbersome account setups, regulatory complexities, and high costs for Portfolio Investment Scheme (PIS) or Non-PIS demat accounts, mutual funds offer a streamlined and cost-effective alternative. Mutual funds also allow a person to spread risk across market caps, sectors and asset classes, providing NRIs with professionally managed portfolios and…

With the shift towards digital payments, the credit card landscape has evolved, too. Along with the rapid changes in the credit card space, there is a need for enhanced security measures. The EMV chip technology or credit card security chips is one such measure. What is EMV chip technology? Europay, Mastercard, and Visa created EMV…

The deadline to file income tax returns (ITR) by corporates and individuals requiring audit for the financial year 2024-25 is November 15, 2024.  The deadline was set for October 31, 2024, initially, but was extended to November 15. Any further extension to this deadline is unlikely. This income tax return submission is closely linked to…

Passive income is both a dependable financial safety net and a catalyst for future expansion. However, the first critical step is to maintain a clear boundary between personal and business finances—this foundational strategy enables sustainable growth and effective financial management.  Also Read: Thank digital tools for small businesses going formal on their own Separation of…