UPI remittances abroad: Here’s how BHIM, PhonePe, and Paytm app users can transfer money to Singapore via smartphone

UPI remittances abroad: Here’s how BHIM, PhonePe, and Paytm app users can transfer money to Singapore via smartphone

Sending money from India to Singapore? Look no further than the UPI-PayNow link for fast, safe, and affordable transfers.    The cross-border linkage between the Unified Payments Interface (UPI) and PayNow enables Indians to receive instant, secure, and cost-effective remittances from the Singapore-based Indian diaspora directly into their bank accounts. Users of BHIM, PhonePe, and … Read more

Old vs new tax regime: What investment proofs must taxpayers submit to their employer?

Old vs new tax regime: What investment proofs must taxpayers submit to their employer?

The income tax (I-T) department introduced a new tax regime in financial year 2020-21, giving taxpayers the choice between this and the old one. These two regimes differ in terms of taxation slabs, rates and allowances deduction, ultimately affecting the investment proof submission.  Every employer may have specific requirements for submitting investment proofs, so employees … Read more

Credit card companies curb incentives, but customers demand cards with fuel-related benefits: Study

Credit card companies curb incentives, but customers demand cards with fuel-related benefits: Study

The convenience and accessibility of using credit cards is helping spur an increase in demand in India’s Tier-II and III towns and cities, with fuel cashback credit cards seeing high demand along with travel and e-commerce credit cards that saw a higher adoption rate in 2023, according to a new report by ZET, India’s fast-growing … Read more

These mutual funds saw the highest inflows and outflows in December

These mutual funds saw the highest inflows and outflows in December

The Indian mutual fund industry surpassed Rs 50 lakh crore in assets under management (AUM) in December. However, total inflows into the mutual fund industry fell by Rs 40,685 crore on the back of advance tax payments, regular redemptions from debt funds, and higher equity valuations. Net flows into debt funds were at Rs 75,556 crore, while equity … Read more

136 individuals earn more than Rs 100 crore, with a combined income of Rs 34,301 crore, up from 23 in FY14: SBI research report

136 individuals earn more than Rs 100 crore, with a combined income of Rs 34,301 crore, up from 23 in FY14: SBI research report

In financial year 2013-14 (FY14), 23 individuals earned more than Rs 100 crore and had a combined income of Rs 29,290 crore. Cut to FY21, and the number of those earning more than Rs 100 crore increased to 136, though their combined income rose to Rs 34,301 crore, State Bank of India researchers said in … Read more

Telangana CM Revanth Reddy’s request to Centre for recovery of money from Andhra Pradesh Government for utilising TS assets surprises officials 

Telangana CM Revanth Reddy’s request to Centre for recovery of money from Andhra Pradesh Government for utilising TS assets surprises officials 

Revanth Reddy. File | Photo Credit: The Hindu Chief Minister A. Revanth Reddy’s request to the Central Government seeking steps to recover money from neighbouring Andhra Pradesh for utilising the assets belonging to Telangana has caught the officials by surprise. They have a reason as the Chief Minister’s request to the Union Home Minister Amit … Read more

I want to clear two personal loans and secure home loan within 6 months on Rs 59K monthly salary. How should I plan?

I want to clear two personal loans and secure home loan within 6 months on Rs 59K monthly salary. How should I plan?

My name is Veer, and I work in the private sector, earning Rs 59,000 in hand, and have two personal loans of Rs 3.6 lakh pending, with EMIs of Rs 9,200 till January 2028, and another with EMI of Rs 5,500 for two years more. I am planning to switch jobs in two months and … Read more

One nation, one card: Bank of Baroda introduces NCMC RuPay prepaid card for seamless payments

One nation, one card: Bank of Baroda introduces NCMC RuPay prepaid card for seamless payments

Bank of Baroda (Bank), one of India’s leading public sector banks, announced the launch of the National Common Mobility Card (NCMC) RuPay Reloadable Prepaid Card today. Aligned with the “One Nation, One Card” initiative, the Bank of Baroda NCMC RuPay Platinum EMV chip-enabled Contactless Prepaid card is an inter-operable and multi-purpose transport card that can … Read more

Market is rallying, but is it a good time start your SIP? Check details here

Market is rallying, but is it a good time start your SIP? Check details here

The Nifty 50 index today touched an all-time high at 21,603. However, the markets appear overvalued, and experts suggest a correction might happen in the near future. Consider this: the market capitalisation to GDP ratio (also known as the Buffett indicator) is close to 100 per cent. This signals potential overvaluation and suggests that investors … Read more

Will home buying affordability rise to a three-year high in 2024? Here's what experts say

Will home buying affordability rise to a three-year high in 2024? Here's what experts say

In the ever-changing landscape of real estate, the potential for acquiring a home may reach a better level, compared with the last three years, by 2024. Looking at market dynamics, price, affordability, and economic indicators, analysts say the prospect of homeownership appears increasingly within reach for many in the coming year. Let us further explore … Read more