The Reserve Bank of India (RBI) will introduce a limited liability framework for digital banking frauds from January 1, 2027, aimed at strengthening customer protection and maintaining trust in digital payments. RBI Governor Sanjay Malhotra said the framework will include provisions for compensation of up to ₹25,000 for victims of small-value digital frauds. “Since frauds…
Life insurance is traditionally associated with the working years, a way to replace income and protect dependents in case of an untimely death. But as retirement periods become longer and people live well into their 80s and 90s, the role of insurance after 60 is being viewed differently. For senior citizens, the decision is less…
A chartered accountant from Mumbai has shared how she nearly ended up buying a new unit-linked insurance plan (ULIP) after believing she was being guided to modify her existing policy, highlighting how investors can get confused between fund switches and fresh policy purchases. In a blog post titled “Never Believe The Nice Man”, financial writer…
A monthly SIP of ₹10,000 in Franklin India Opportunities Fund since its launch 26 years ago would have grown to around ₹4.21 crore, while a one-time investment of ₹10,000 made at inception would be worth about ₹2.59 lakh as of June 30, 2026, according to data released by Franklin Templeton. The fund house shared the…
Actor Suchitra Krishnamoorthi has raised concerns over the rejection of a health insurance claim by ICICI Lombard General Insurance, saying that the insurer declined to cover expenses related to a previous hospitalisation for ulcers. In a post on X on July 16, Krishnamoorthi said she had been hospitalised when her ulcers worsened and claimed that…
The National Institute of Securities Markets (NISM) has introduced a common certification examination for mutual fund (MF) and Specialised Investment Fund (SIF) distributors, a move that could simplify the qualification process for distributors looking to enter the fast-growing SIF segment. The NISM-Series-V-D: Mutual Fund–Specialised Investment Fund Distributors Certification Examination will be available from July 22….
Gold and silver prices traded lower on Friday (July 17) morning in international markets even as geopolitical tensions in the West Asia continued to support safe-haven demand. On the COMEX, gold futures were trading at $3,987.50 an ounce, down 0.12%, while silver futures fell 1.24% to $55.49 an ounce. Why are gold and silver prices…
The Central Board of Direct Taxes (CBDT) has enabled taxpayers to view information relating to their foreign assets and income through the Annual Information Statement (AIS) on the Income Tax Department’s e-Filing portal, sources said. The initiative has been introduced to facilitate taxpayers in meeting their compliance obligations and is not intended as a tool…
Gold and silver prices declined in futures trade on Thursday (July 16) as weaker spot demand, profit booking and caution over global economic and geopolitical developments weighed on investor sentiment. On the Multi Commodity Exchange (MCX), gold futures for August delivery fell by ₹499, or 0.35%, to ₹1.41 lakh per 10 grams. Silver futures for…
Under the Employees’ Pension Scheme (EPS) 2026, EPF members become eligible for a monthly pension after completing at least 10 years of eligible service. Members who complete this minimum service can claim an early pension if they exit employment before reaching the age of superannuation, subject to the scheme’s provisions. But what happens if a…
