Punjab National Bank (PNB) updated interest rates on its retail loan portfolio effective February 10, 2025, in response to evolving market dynamics for enhanced competitiveness. This development was outlined in a press release issued by the bank on February 20, 2025. The revised rates encompass a range of loan products including home loans, auto loans, … Read more
Gen Z is transforming the investment landscape with a focus on financial autonomy and cutting-edge strategies. Setting clear financial goals and seeking advice from professionals can help navigate the investment journey with confidence. With Gen Z entering the investment realm at a younger age, they have a notable advantage. Beginning early enables them to harness … Read more
PM-Vidyalakshmi Scheme: Union Finance Minister Nirmala Sitharaman informed Lok Sabha that the recently introduced Prime Minister Vidyalakshmi scheme is scheduled to be implemented by February 2025. The PM-Vidyalaxmi scheme was approved by the Union Cabinet in November in a bid to provide financial assistance to talented students pursuing higher education in public and private institutions. … Read more
The PM-Vidyalaxmi scheme has been approved by the Union Cabinet to provide financial assistance to talented students pursuing higher education in public and private institutions. The initiative, announced on Wednesday, aims to offer education loans without the need for collateral or guarantors to students admitted to the top 860 Quality Higher Education Institutions (QHEIs) in … Read more
Is it essential to take life insurance for my daughter who is pursuing higher education abroad? We have taken a travel insurance for her. AnusreePatna, Bihar Reply by Srinivas Balasubramanian, Chief of Products, ICICI Prudential Life Insurance Company Limited Studying abroad is a coveted aspiration for many Indian students, necessitating years of relentless effort … Read more
A recent survey has shown that about 88% people in India feel there could be high or very high levels of financial uncertainty over the next five years, mainly due to uneven economic factors, like inflation, jobs and others. The survey, A-Nishchit Index 2024, revealed that about 36% cited economic uncertainty, such as potential job … Read more
Income Tax: Salaried employees can benefit from many financial benefits offered to them in the form of allowances to reduce their tax burden. Allowances are offered on a monthly basis and must be claimed when filing an income tax return (ITR). The Centre offers many such allowances, which are part of the salary structure. These … Read more
ITR: Filing tax returns is an annual affair. One should know every detail about the components in Form 16 and how one can get the maximum deductions and exemptions before filing the returns. Tax deductions refer to expenses that you can subtract from your total income, thus lowering the amount of income that is subject … Read more
As an Indian taxpayer, it’s imperative to file your Income Tax Returns (ITR) annually. The ITR encompasses details of your annual income and the corresponding tax payable to the government for that year. Individuals continually seek effective methods to minimize their tax liabilities. Through prudent tax planning, you can achieve substantial long-term savings. Smart tax … Read more
ERODE (TN): The DMK would waive education loans taken by students for higher studies if the party comes to power after the Tamil Nadu Assembly elections, which are to be held in April-May. The DMK president and Leader of the Opposition in the Tamil Nadu Assembly M K Stalin made this statement on Sunday while … Read more