Paytm and AU Small Finance Bank have launched a co-branded RuPay credit card that offers rewards on select Paytm transactions and complimentary airport lounge access for families, the companies said on Wednesday (August 21). The card has no joining or annual fee, according to the companies. It offers rewards of up to 2% on eligible…
The festive season often brings higher spending on shopping, gifts and celebrations. Setting a budget, using credit carefully and planning purchases can help households manage these expenses without disrupting savings and other financial goals. Here are seven ways to manage festive spending, drawing on suggestions from financial and tax experts. Set a spending limit Decide…
Choice Mutual Fund has opened its first actively managed equity scheme, the Choice Large & Mid Cap Fund, with the new fund offer (NFO) available for subscription from October 20 to November 3. The open-ended scheme will invest in both large-cap and mid-cap stocks, with a minimum allocation of 35% to each category. The remaining…
Farmers across India are waiting for the next instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, which provides financial assistance to eligible farmer families. Under the scheme, beneficiaries receive ₹6,000 annually in three instalments of ₹2,000 each, transferred directly to their bank accounts. The release date for the 24th instalment has not been…
When you start earning money, you may want to invest a part of your salary to create wealth. But what happens if you suddenly lose your job, face a medical emergency or have to pay for an unexpected expense? If all your money is tied up in investments, then arranging cash at short notice can…
The Income Tax Department has consolidated four tax deducted at source (TDS) forms into a single filing form, Form 141, under the Income-tax Act, 2025, bringing specified transactions involving property purchases, rent payments, contractor and professional fees, and virtual digital assets under a common reporting mechanism. According to the department’s official FAQs, Form 141 replaces…
Evidence and experience need to inform our distribution-cost control into a broader instrument of insurance regulation, writes Dr Navneet Sharma, VB Padode Chair Professor of Competition Policy at Vijaybhoomi University. Source link
The State Bank of India (SBI) on Wednesday, October 21, disclosed a data loss incident involving the suspected exposure of customer data on the dark web. The bank said a preliminary analysis identified 3,897 customer records containing personally identifiable information (PII) among approximately 3.75 lakh records available on the dark web. In a disclosure under…
The Central Board of Direct Taxes (CBDT) has prescribed a new reporting form for claiming income-tax exemptions on interest and capital gains from government securities under specified provisions of the Income-tax Act, 2025. Under the Income-tax (Seventh Amendment) Rules, 2026, notified on October 19, eligible claimants must furnish information in Form 173A to claim exemptions…
The government has exempted interest payments on the New Development Bank’s (NDB) Maharajah INR Bonds from tax deducted at source (TDS) for eligible holders from tax year 2026-27 onwards. The exemption, notified by the Ministry of Finance on October 19, applies to bondholders who are residents or foreign institutional investors (FIIs), as defined under the…
