Finance Minister Nirmala Sitharaman in her Budget speech 2025 has proposed to increase the foreign direct investment (FDI) limit in the insurance sector from 74% to 100%, a move expected to bring more players into the market and drive innovation. “With 100% FDI now allowed in insurance, India could be on the path to having … Read more
There is a significant discussion surrounding the intersection of divorce and financial management for couples who decide to separate. Divorce costs can be substantial, particularly for the ultra-wealthy, where settlements may amount to millions or even billions of dollars. However, middle-class couples, especially those facing “grey divorces” in later life, can also feel significant financial … Read more
Karnataka Bank introduced two new cutting-edge financial products: KBL Peak, an education loan providing up to Rs 2 crore in funding along with comprehensive coverage, and KBL Genius, a student savings account featuring a unique free cyber insurance and exclusive benefits. Srikrishnan H, Managing Director and CEO of the bank, said: “With the ‘KBL Peak’ … Read more
Budget 2024-25: Before each Budget, the allocation of funds and tax incentives for various sectors become prominent topics of discussion. Leading up to this year’s comprehensive Budget, experts and industry insiders have emphasized the need to increase the healthcare spending as a percentage of GDP. This would enhance accessibility, affordability, and most importantly, the overall … Read more