The Employees’ Provident Fund Organisation (EPFO) has said claim processing may take longer than usual following the completion of a major database consolidation and software upgrade aimed at improving service delivery and the overall experience for members and employers. According to the EPFO, member and employer services have been restored in phases and are now…
The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has crossed 4.11 lakh guarantees with the total guaranteed amount exceeding ₹1.55 lakh crore since its launch in May, according to the Ministry of Finance. The scheme, approved by the Union Cabinet on May 5, 2026, was introduced to provide additional credit support to businesses affected by…
For many households, buying life insurance is often seen as expensive or complicated. But a regulator-mandated term insurance product, Saral Jeevan Bima, was introduced to change that by offering a simple, standardised policy that is available across life insurers. According to a note by Policybazaar, premiums for a ₹25 lakh life cover can start at…
Indian travellers visiting Indonesia may soon be able to make digital payments more seamlessly, with India and Indonesia agreeing to integrate the Unified Payments Interface (UPI) with Indonesia’s payment system. Prime Minister Narendra Modi announced the development after holding bilateral talks with Indonesian President Prabowo Subianto in Jakarta on Tuesday (July 7). “We are delighted…
Health insurance policies have become an essential financial safety net as medical treatment costs continue to climb. An unexpected hospitalisation or medical emergency can place a significant financial burden on families, often wiping out years of savings. However, choosing the right health insurance policy remains a challenge for many consumers. Insurers often provide policy documents…
Gold and silver prices declined sharply in domestic futures trade on Tuesday (July 7), but investors may want to avoid rushing into fresh purchases despite the correction, according to market experts. On the Multi Commodity Exchange (MCX), gold contracts for August delivery fell by ₹1,417, or 0.96%, to ₹1.45 lakh per 10 grams. Silver contracts…
SBI Mutual Fund has launched the SBI CRISIL-IBX SDL Index – June 2034 Index Fund, a target maturity passive debt scheme that will track the CRISIL-IBX SDL Index – June 2034. The new fund offer (NFO) opened on July 7 and will close on July 14. The open-ended index fund aims to generate returns that…
The Employees’ State Insurance Corporation (ESIC) has extended the Atal Beemit Vyakti Kalyan Yojana (ABVKY), its unemployment allowance scheme for insured workers, by another year. ESIC extends unemployment benefit scheme June 2027 90 days allowance eligibility The scheme will now remain in force from July 1, 2026, to June 30, 2027, following approval at the…
Many taxpayers rely on chartered accountants (CAs) or tax professionals to file their income tax returns. In many cases, this also means sharing their e-filing portal login credentials. However, the Income Tax Department offers an Assisted Filing facility that allows taxpayers to authorise eligible professionals to carry out specified tax-related activities on their behalf through…
The Income Tax Department has introduced Form 68 under the Income-tax Act, 2025 as the prescribed form for specified funds to report exempt income and claim the tax benefit available on income attributable to eligible non-resident investors. The form is part of the compliance framework under the new tax law and is not meant for…
