If you hold a Post Office Savings Account (POSA), you no longer need to visit a post office counter to get a personalised cheque book (PCB). As per Department of Posts (Ministry of Communications), the facility to request a PCB through Internet Banking has gone live with effect from July 18. Here’s everything you need…
Gold and silver prices gained on the Multi Commodity Exchange (MCX) on Tuesday (July 21), supported by firm global cues as investors assessed developments around the US-Iran conflict and its potential impact on inflation, crude oil prices and the US Federal Reserve’s interest rate trajectory. MCX gold August futures rose ₹988, or nearly 1%, to…
Business cycle funds can help investors benefit from changing economic trends, but they should be used only as a satellite allocation, according to Kushal Bhagi, Owner, PCC Investing, and Kshitiz Mahajan, Co-founder, Complete Circle Consultants. The experts recommend building a diversified core portfolio with flexi cap or large cap funds first, allocating only 10-15% to…
Millions of salaried taxpayers change jobs every year, and for many of them, tax filing season brings a familiar headache: two (or more) Form 16s, two sets of TDS deductions, and one single Income Tax Return to reconcile it all into. Getting this wrong doesn’t just risk a clerical error; it can trigger a notice…
India’s GIFT City has steadily emerged as a gateway for investors seeking international investment opportunities without necessarily opening accounts in multiple overseas jurisdictions. From global equity funds and foreign currency deposits to alternative investment products, the International Financial Services Centre (IFSC) offers a growing range of investment options for both resident Indians and overseas Indians….
The National Highways Authority of India (NHAI) has rolled out two new citizen-focused features on the RajmargYatra mobile app, the online Local Passes and the digitally enabled MargMitra Help Centre. The new digital features are designed to simplify National Highway travel by offering digital services that reduce paperwork and provide quicker access to commuter support….
The Code on Wages, 2019 lays down a common framework for payment of wages, minimum wages, bonus and equal remuneration, replacing four wage-related labour laws. Among its key provisions are uniform timelines for wage payments, rules governing wage deductions and a mechanism for employees to seek redress in case of delayed payments. While the Code…
HDFC Mutual Fund has launched two schemes focused on the metals sector, the HDFC Nifty Metal ETF and the HDFC Nifty Metal ETF Fund of Fund (FOF) — offering investors exposure to companies operating across steel, aluminium, copper, zinc, mining and other metal-related segments. The New Fund Offer (NFO) for the HDFC Nifty Metal ETF…
Maharashtra is exploring a new legal framework that could allow land and other immovable assets to be represented through digital tokens using blockchain technology. The proposed move aims to unlock the untapped value of property assets and make transactions and financing more efficient. According to a PTI report, Maharashtra Chief Minister Devendra Fadnavis has directed…
Revolut received a banking licence in Australia, a key growth market in Asia for the UK fintech giant that has deepening its global expansion ambitions. The Australian Prudential Regulation Authority approved Revolut Payments Australia Pty Ltd, the company’s local arm, to operate as an authorised deposit taking institution, giving it the ability to offer banking…
