The Telangana government on Tuesday launched the Indiramma Indlu – an affordable Ownership Housing Scheme for the Core Urban Region Economy (CURE) area, covering Hyderabad and surrounding urban regions within the Outer Ring Road (ORR). Housing Minister Ponguleti Srinivasa Reddy, along with ministers Ponnam Prabhakar, Duddilla Sridhar Babu and Mohammed Azharuddin, inaugurated the scheme at…
Artificial intelligence (AI) tools can simplify complex information, explain tax provisions and help users understand financial data. But when it comes to filing an income tax return (ITR), accuracy, context and compliance remain key concerns. Tax experts say AI can be useful for basic explanations and organising information, but generic AI tools may not always…
Gold and silver prices moved higher in the futures market on Monday (July 20) as traders built fresh positions amid firm demand in the spot market and a positive global trend in silver. On the Multi Commodity Exchange (MCX), gold futures for August delivery rose by ₹294, or 0.21%, to ₹1.41 lakh per 10 grams….
Bajaj Life Insurance has launched a new fund option, Bajaj Life Nifty 200 Value 30 Index Fund, under its unit-linked insurance plans (ULIPs). The New Fund Offer (NFO) period will remain open from July 14 to July 27. The fund will track the Nifty 200 Value 30 Index, which comprises 30 companies selected from the…
The Employees’ Provident Fund Organisation (EPFO) requires members to have an updated profile photograph on the Unified Member Portal for certain online facilities, including the e-nomination process. While uploading a profile photograph is not mandatory for all EPFO services, the facility forms part of the member profile requirements for features such as e-nomination. The photograph…
The Aadhaar App has crossed 40 million (4 crore) downloads, according to the Ministry of Electronics and Information Technology (MeitY). The app offers a range of Aadhaar-related services, from updating certain details to downloading e-Aadhaar and managing biometric authentication. According to the government, nearly 49 lakh mobile numbers, 11.65 lakh addresses and 12.5 lakh email…
For Indian travellers heading to Europe, making payments could become easier in the future as India explores wider acceptance of its Unified Payments Interface (UPI) across international markets. During Commerce and Industry Minister Piyush Goyal’s recent visit to Europe, India and Spain agreed to move ahead with technical discussions on enabling interoperability between UPI and…
With the July 31 income tax return (ITR) filing deadline approaching, many salaried taxpayers must be reviewing the exemptions reflected in their Form 16 before filing their returns. One such exemption is Leave Travel Allowance (LTA), which allows eligible employees to claim tax relief on certain travel expenses incurred while on leave. However, LTA is…
Public and private sector banks across India will remain closed for up to three days this week due to the weekly Sunday holiday, the fourth Saturday closure and a regional festival. While physical branches will remain shut on these dates, digital banking services will continue to function without interruption. According to the Reserve Bank of…
Investors opting for premature redemption of select Sovereign Gold Bond (SGB) tranches are set to receive ₹14,158 per unit, with those holding SGB 2020-21 Series X earning a gain of nearly 177% over the issue price, excluding the interest paid during the holding period. The Reserve Bank of India (RBI) has fixed the premature redemption…
