Money News

7th Pay Commission latest: Good news for 1.1 cr employees, Cabinet approves additional 2% hike in DA

FE Online | August 29, 2018 2:26 PM In a good news for the government employees, the Cabinet on Wednesday approved an additional 2 per cent hike in Dearness Allowance (DA) and Dearness Relief (DR). The move will benefit about 1.1 crore Central government employees and pensioners, as per an official release.

Monthly Average Balance: How MAB is calculated by banks and 3 smart ways to maintain it

Adhil Shetty | August 29, 2018 1:03 PM Management of your bank account entails a cost. This is why there’s a need for maintaining a minimum average balance in an account.

5 reasons why going for digital payments makes more sense

August 29, 2018 11:12 AM

Mutual Funds: How to use your MFs SIP to help finance your dream home

FE Bureau | August 29, 2018 1:10 AM

Income Tax: Rs 50,000 tax rebate to senior citizens on interest from bank deposits

Amit Maheshwari | August 29, 2018 1:02 AM

How to become rich: 5 products you can start investing with just Rs 500 a month

August 28, 2018 11:08 AM

Google Tez is now Google Pay, joins hands with banks for loans - All you need to know

FE Online | August 28, 2018 5:53 PM

Luxury housing demand likely to remain strong in India
August 29, 2018 4:09 PM In a bid to take the standard of living to the next level, real estate developers have started building several ultra-luxury projects.
7th Pay Commission latest: Good news for 1.1 cr employees, Cabinet approves additional 2% hike in DA
FE Online | August 29, 2018 2:26 PM In a good news for the government employees, the Cabinet on Wednesday approved an additional 2 per cent hike in Dearness Allowance (DA) and Dearness Relief (DR). The move will benefit about 1.1 crore Central government employees and pensioners, as per an official release.
Monthly Average Balance: How MAB is calculated by banks; 3 smart ways to maintain it
Adhil Shetty | August 29, 2018 3:22 PM Management of your bank account entails a cost. This is why there’s a need for maintaining a minimum average balance in an account.
5 reasons why going for digital payments makes more sense
August 29, 2018 12:07 PM Against the backdrop of demonetization, there emerged a new set of consumers and merchants who were either unaware of or unaccustomed to digital payments. Here are some reasons why it makes sense to go digital.
United India Insurance gets Rs 350-crore claims from Kerala
FE Bureau | August 29, 2018 2:10 AM State-owned United India Insurance Company has so far received around 5,000 claims worth over Rs 350 crore from the customers of flood-ravaged Kerala, said KB Vijay Srinivas, chairman-cum-managing director (joint charge).
Mutual Funds: How to use your MFs SIP to help finance your dream home
FE Bureau | August 29, 2018 1:10 AM From building up the initial corpus to finance the down payment, to helping close the loan sooner by pre-payment or foreclosure, your SIPs can come handy
Income Tax: Rs 50,000 tax rebate to senior citizens on interest from bank deposits
Amit Maheshwari | August 29, 2018 1:02 AM Rebate under Section 87A is allowed only when total income does not exceed Rs 3,50,000.
Should you go for a personal loan? Answer is here
FE Bureau | August 29, 2018 12:43 AM Although personal loans are meant to help individuals who don’t have any other option for meeting their urgent financial requirements, they are not the only one to benefit from them.
Beware of debit, credit cards frauds! Know how to save your hard-earned money from fraudsters – Here is what they do
PTI | August 29, 2018 2:01 PM Masquerading as bank staff calling from Jharkhand seeking from people information about their debit and credit cards on the pretext of renewing those.
ITR filing: Due date of filing income tax returns for Kerala extended – Check new date
PTI | August 28, 2018 8:46 PM The due date for filing income tax return for assessees in Kerala has been extended following devastating floods.
Google Tez is now Google Pay, joins hands with banks for loans – All you need to know
FE Online | August 28, 2018 5:53 PM Google launched its Tez payment app in India in September last year and now the US-based search giant has decided to give a big boost to its application.
Is the current scenario of real estate ideal for buyers?
August 28, 2018 4:48 PM For developers and builders, it is still a struggle to cope with the regulatory reforms. However, for buyers this is the ideal time to own property.
6 real ways to travel the world ultra cheap and smart: Wisdom unlocked; Truth revealed
Nishita Nathani | August 28, 2018 3:50 PM Travel the world in panache. There are multiple ways in which travel can be not only inexpensive but also enriching. From food, transport, accommodation to flight tickets employ the tricks up your sleeve to travel smart.
Why P2P lending should be a part of retirement portfolio?
August 28, 2018 3:40 PM Peer-to-peer lending can offer a type of investment which is perceived as risky, but it is safer than other investment options.
Mutual Fund Investment: Make the most of your MF taxation relief
Nishita Nathani | August 28, 2018 1:04 PM There are three parts of mutual fund taxation. First is the type of mutual fund, second is the period of holding and the third factor is how to calculate the gain.
Income tax return filing 2018: Claiming foreign tax credit – how to deal with practical challenges
August 28, 2018 12:39 PM If you have worked abroad for a year or have some overseas investments such as bank accounts, shares, 401K, pension or real estate etc then in addition to disclosing these assets in India, you are also required to report the income you would have earned from these foreign investments.
How to become rich: 5 products you can start investing with just Rs 500 a month
August 29, 2018 11:35 AM Don’t have enough money to invest? Don’t worry. There are different investment options in the market today which require less than Rs 500 a month to start investing.
Capture ratios: What they reveal about the performance of mutual funds
FE Bureau | August 28, 2018 2:01 AM Capture ratios are helpful to evaluate a fund’s historical performance and the intrinsic strength to face market turbulence
Life insurance: Buy term plan based on your protection needs, not chances of claim rejection
FE Bureau | August 28, 2018 1:37 AM If the customer has declared everything truthfully and the insurer has issued the policy, then the chances of rejection is mostly nil.
Kerala floods: Donations to Chief Minister’s Distress Relief Fund to get 100% tax exemption
FE Bureau | August 28, 2018 1:05 AM Payment receipt and Section 80G(2) certificate will be issued for every successful payment through portal https://donation.cmdrf.kerala.gov.in
SBI account holders alert! Names and IFSC codes of 1,300 branches changed – What customers must know
PTI | August 27, 2018 6:25 PM As part of rationalisation post merger of six associate banks with itself, the country’s largest lender SBI has changed names and IFSC codes of nearly 1,300 branches across the country.
How to choose the best home loan repayment option to ensure good financial health
August 27, 2018 5:45 PM Here are some aspects of home loan repayment which you must take into account to ensure that the repayment terms don’t put any additional burden on your finances.
Credit card hidden charges revealed here! What you might not be aware of – Find out
FE Online | August 29, 2018 11:40 AM Credit cards are a boon and a curse in the millennial era. It is hard to keep away from credit cards, especially when a bank representative pitches you for getting your ‘plastic buddy’ for free.
Underwriting of loan is the biggest challenge in MSME lending, says Amit, CEO of CoinTribe
Nishita Nathani | August 27, 2018 3:19 PM NPAs is a function of three things, the quality of underwriting, i.e risk assessment, the industries or geographies of focus, and what happens to the industry, says Amit Sachdeva, CEO and Co-founder, CoinTribe.
How can total loss categories spoil your damaged car’s insurance
August 27, 2018 3:20 PM It is not necessary that the car has to be severely damaged to be deemed as a ‘total loss’. Even cars having a seemingly minor damage can be declared a total loss.
Whole life term insurance Vs Regular term life insurance: Which is better for you?
Nishita Nathani | August 27, 2018 12:27 PM whole life term insurance provides a guaranteed payout to the dependants of the policyholder. In regular term insurance, there is no payout if the policyholder outlives the policy period.
Private Equity Investment: Way to earn more than 20% return annually
Nishita Nathani | August 27, 2018 11:00 AM Investing in the private equity can be done either directly or through funds. First-time investors are advised to take the alternative investment fund (AIF) route.