PERSONAL FINANCE


Moneylife Digital Team 06 September 2024
Rejecting the repudiation of an insurance claim citing non-disclosure of a pre-existing disease, the national consumer disputes redressal commission (NCDRC) directed Life Insurance Corporation of India (LIC) to pay Rs10 lakh with 6% interest per annum (pa) and Rs50,000 as cost of litigation to...

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Moneylife Digital Team 04 September 2024
Pensioners under the Employees' Pension Scheme (EPS) 1995 run by the employees' provident fund organisation (EPFO) will be able to get their pension from any bank or branch across India from January, the Union government says. EPFO's apex decision-making body, the central board of trustees...

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Moneylife Digital Team 26 August 2024
In a significant move to address the longstanding concerns of government employees, the Indian Cabinet, led by prime minister (PM) Narendra Modi, has approved the implementation of a new Unified Pension Scheme (UPS). This move, announced ahead of assembly elections in one state and a Union...

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Moneylife Digital Team 26 August 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs3.91 crore on two non-banking financial companies (NBFCs), Innofin Solutions Pvt Ltd and NDX P2P Pvt Ltd, for violating various rules and regulations set by the banking regulator.   Innofin Solutions, also known as LenDen Club and NDX...

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Shreehari Paliath (IndiaSpend) 19 August 2024
In June, Bengaluru witnessed a protest by aggregator platform Urban Company's women workers in the beauty segment, categorised as ‘partners’ or ‘independent contractors’ by the gig economy.   The protest mostly stemmed from the company’s decision to bring in new terms of service without...

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In an order that would make pension funds more transparent to retired employees, the central information commissioner (CIC) has ordered, last week, that the income and expenditure statement as well as the balance sheet of the LIC Employees’ Pension Fund is public information under the Right to...

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Amidst the planning of Independence Day celebrations, followed by a long weekend, many among us missed a piece of important news about the rescue of Indians, who were literally kidnapped in the name of providing information technology (IT) jobs overseas from the clutches of international crime...

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Recently, there was a news article about an African runner at a world running championship who got confused just before the finishing line. Just then, the second runner who was a Spaniard gave a push to the African runner from behind, so the African became the No.1 in the race. The Spaniard...

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Debayan Roy (Bar  and   Bench) 09 August 2024
The Supreme Court on Friday dismissed a plea to postpone the National Eligibility cum Entrance Test postgraduate examination (NEET PG 2024) scheduled to be conducted on August 11 (Vishal Soren @ Bishal Soren and ors vs National Board of Examination and ors).   A Bench of Chief Justice of...

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Moneylife Digital Team 08 August 2024
To make available accurate credit information to lenders as well as borrowers, Reserve Bank of India (RBI) has asked lenders to submit data to credit information companies (CICs) like CIBIL TransUnion, Experian or CRIF Highmark every fortnight or at shorter intervals. At present, lenders are...

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Sponsored Post 08 August 2024
For most aspiring homeowners, buying a property means procuring some extra finances. Taking a home loan is one way to go about it. However, in a vibrant market like India, there are simply too many options. Not to mention different interest rates, repayment terms, and loan features. Sifting...

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Moneylife Digital Team 07 August 2024
More than Rs54,657.87 crore is lying as unclaimed money in inoperative accounts of the employees' provident fund (EPF), reveals information received under the Right to Information (RTI) Act.     An application filed under the RTI Act by Aakash Goel, an engineer, management graduate and...

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Sponsored Post 06 August 2024
As a family person, you may be concerned about the happiness and stability of your loved ones. One way to provide for their emotional and financial well-being in your absence is by opting for a term life insurance policy.   Term insurance offers coverage for a specific timeframe that helps...

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Moneylife Digital Team 05 August 2024
Gold loans outstanding of scheduled commercial banks (SCBs) jumped 25.66% or by Rs1.57 lakh crore to Rs7.73 lakh crore, while for non-banking finance companies (NBFCs), it increased 17.25% to Rs1.53 lakh crore, the Union government told the Lok Sabha.   In a written reply, Pankaj Chaudhary,...

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Moneylife Digital Team 03 August 2024
About 700 officers from the Securities and Exchange Board of India (SEBI) in grades A to C are set to stage a protest at the regulator's head office in Mumbai on Monday on many issues, including the newly launched digital management information system (MIS) for key result areas...

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Moneylife Digital Team 02 August 2024
Nitin Gadkari, Union minister of road transport and highways has requested finance minister (FM) Nirmala Sitharaman to withdraw the 18% goods and services tax (GST) on premiums for life and medical insurance.   In his letter to the FM, Mr Gadkari says he received a memorandum from the Nagpur...

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Moneylife Digital Team 02 August 2024
After finding Puja Khedkar guilty of acting in contravention of the provisions of the Civil Services Examination (CSE)-2022 Rules, the Union Public Service Commission (UPSC) has cancelled her provisional candidature for the CSE-2022. She is also debarred permanently from all future examinations...

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Sponsored Post 30 July 2024
Making informed decisions is crucial when it comes to finances. Whether planning a major purchase, clearing debt, or funding a dream vacation,  it is important to have an understanding of finances. One tool that has become indispensable in this regard is the Personal Loan EMI Calculator. It's...

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Sponsored Post 29 July 2024
You’ve decided to buy a house. Now, it is time to decide how you will fund the purchase. One option is to opt for a home loan so that you are not financially burdened in the long run. However, as important as getting an approved loan is, it is equally important that you get a loan at the best...

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Sponsored Post 26 July 2024
Taking care of our health is important, but insurance premiums can add up. Luckily, some tax savings options can help offset these costs. One such provision that not everyone may be aware of is Section 80D. Understanding this section of the tax code can help you legally reduce your overall...

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