PERSONAL FINANCE


Amitabha Banerjee Amitabha Banerjee 19 August 2022
The managing director (MD) saw my report, terminated John Miles and put me in charge of the task force. “Go and clean the mess, stop the bleeding,” he told me.   To assist me in the clean-up, I asked for Sundar to join my team. He was the senior-most operations man in the bank,...

Read More



Sponsored Post 18 August 2022
Personal loans are unsecured forms of credit offered by NBFCs and financial institutions on various conditional factors, including income level, repayment capability, occupation, and credit history. This loan enables borrowers to meet their financial needs. However, there are specific strict...

Read More



Jayat Joshi (The Leaflet) 17 August 2022
Of the crores of Indians vying for government jobs, hardly half a per cent are able to qualify for them. Despite the uneven odds, why do Indians still chase them? The usual reasons for running after government jobs (such as job security) are in reality the result of a deep-seated class...

Read More



Walter Vieira Walter Vieira 12 August 2022
Over the many decades of practice in the business of personnel recruitment—and the experience gained from it—I have always advised young (and not so young) people that they should be careful when changing jobs. The new company may give you more money and a grander designation. But does that...

Read More



Moneylife Digital Team 11 August 2022
Any citizen who is liable to pay income-tax (I-T) will not be allowed to join the Atal Pension Yojana (APY) scheme from 1 October 2022, the Union government says. The subscriber base of the APY scheme had grown to 37.4mn (million) as of 4 June 2022.   A Gazette notification issued by...

Read More



Moneylife Digital Team 11 August 2022
Employees’ Provident Fund (EPF), also referred to as PF (provident fund), is a mandatory savings-cum-retirement scheme for employees of an eligible organisation. Employees can fall back on the corpus of this fund post-retirement.   As per the EPF rules, the employees must contribute...

Read More



Are vehicle-owners being cheated by the non-life insurers by charging more than a just price?   It seems so, if one goes by a question that was raised in the Lok Sabha by the Congress party member from Kerala, Hibi Eden.   And there cannot be smoke without a fire goes the...

Read More



Moneylife Digital Team 08 August 2022
Customers of registered credit bureaus can now approach the Reserve Bank of India (RBI) for faster resolution of their credit scores and related complaints. Credit information companies (CICs), more commonly known as credit bureaus, will be included under the central bank’s integrated...

Read More



Moneylife Digital Team 08 August 2022
During the past five years, life and non-life insurance companies have transferred Rs1,723.20 crore to the Senior Citizens' Welfare Fund (SCWF) as per the provisions of Senior Citizens' Welfare Fund Rules, notified by the government of India and a master circular issued by the Insurance...

Read More



With the implementation of Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas (SVAMITVA) scheme and work from home culture getting in vogue, there is a spurt in housing loan demand in tier 3 and 4 districts. The growth has been registered more in the female...

Read More



Shrirang V Samant 05 August 2022
The tragic death of singer KK in Kolkata must be fresh in everyone’s mind. It was during a concert that he suffered a cardiac arrest and died while being taken to the hospital. While the cause of the singer’s death remains unknown, questions were being raised about the arrangements at the...

Read More



Amitabha Banerjee Amitabha Banerjee 05 August 2022
After T (the terminator) left, a new general manager (GM) arrived – David Moore. He was the total antithesis of T—short, thin, thick blond hair, no glasses and a mousy countenance. Rumour had it that the managing director (MD) had selected him because he had hated having a domineering GM who...

Read More



The past couple of years have underlined the importance of having adequate health insurance cover and also exposed the limitations of regular health policies. Many COVID-19 claimants received only half of the claimed amount and had to pay the balance from their pockets, despite having health...

Read More



Moneylife Digital Team 04 August 2022
The Pension Fund Regulatory and Development Authority (PFRDA) has decided to stop accepting payment of subscriptions/contributions by using credit cards as a mode of payment in the National Pension System (NPS) Tier-II account. The regulator has instructed all points of presence (PoPs) to...

Read More



Sponsored Post 04 August 2022
With how easy it is to check your credit score online, maintaining a healthy profile is much easier. In just a few clicks, you can know your CIBIL score information without harming your score. However, certain financial undertakings do impact your score negatively. For instance, defaulting on...

Read More



If there is one problem that is common to the whole world, it is that the number of listeners is dwindling. Most of us rush to comment, voice an opinion and criticise. Few have the patience to wait and listen. And this applies particularly to newcomers in corporate organisations.    A...

Read More



Moneylife Digital Team 28 July 2022
Newly set up Financial Services Institutions Bureau (FSIB) has recommended the names of Neerja Kapur and Girija Subramanian as chairman-cum-managing directors (CMDs) of The New India Assurance Co Ltd (NIACL) and Agriculture Insurance Company of India Ltd (AICIL).    FSIB, the...

Read More



Moneylife Digital Team 27 July 2022
The amount of unclaimed deposits is on the rise despite repeated public awareness campaigns undertaken by the Reserve Bank of India (RBI) and the banks.   RBI is now encouraging people who have not claimed their deposits to reach out to the respective banks for such deposits....

Read More



Amitabha Banerjee Amitabha Banerjee 22 July 2022
I am sure you have heard of Mr AK. He is famous, or should I say, infamous. He left a huge packet of bad debts with banks in India and absconded to the UK, where he continues to live in his normal billionaire style, while fending off extradition attempts by the government of...

Read More



Over 58,000 employees in the public sector general insurance companies will go on a two-day strike on 27-28 July to highlight their woes of wage revision and lack of Central government support to the industry, top leaders said here on Thursday.   The employees and officers belong to...

Read More

Free Helpline
Legal Credit
Feedback