FINANCIAL RESOLUTION AND DEPOSIT INSURANCE BILL
Money & Relationships: 5 financial steps parents need to take when a child turns 18
When your child turns 18, it is important to guide and help him/her in financial responsibilities. Here’s how to apprise your child of his financial rights and the steps you need to take to ensure a smooth transition to adulthood.
Govt seeks additional 270 days to complete resolution for 105 IL&FS group companies
The Ministry of Corporate Affairs (MCA) has also requeste...
What happens if you don't pay credit card bill, insurance premiums, other dues on time
It is important to ensure that one stick's to payment ...
Do you have enough insurance? Use this thumb rule to find out
Like all other aspects of financial planning, the key question is how much insurance is enough.
Family finance: Why salaried Bhatia doesn't need life insurance and can meet goals easily
Bhatia's portfolio includes property worth Rs 2.7 crore (self-occupied house and other properties), cash of Rs 10 lakh, debt worth Rs 60 lakh in the form of gold and fixed deposit, and equity worth Rs 95 lakh in the form of stocks and mutual funds.
10 financial tasks to complete before March 31, 2020
From filing your belated income tax returns to booking profits in stocks and equity mutual funds, there are certain tasks that you must complete before March 31, 2020. Here is the list of 10 things that you must do before March ends.
New TDS, TCS rates from May 14 on fixed deposits, dividends and other non-salaried payments
The new TDS rates have come into effect from May 14, 2020, and will remain effective till March 31, 2021, i.e., till the end of the financial year 2020-21, the Finance Minister Nirmala Sitharaman said in her press briefing.
Claims worth Rs 4,800 cr admitted from fixed deposit holders of debt-laden DHFL
Nearly 55,000 public depositor holders, including retail and UP Power Corporation Employees, have demanded payments aggregating to Rs 5,200 crore from the troubled mortgage players as of December 17. "The claims from fixed depositors that have been admitted, so far, are Rs 4,800 crore," a source said.
Companies Act reforms amid Covid-19: A primer
The Bill introduces a regime of direct listing of securities of domestic public corporations in certain foreign jurisdictions, thereby allowing domestic corporations to access a larger pool of capital.
How insurance will change if life insurers are allowed to sell health packages
For some strange reason companies that insured your life were not permitted to insure against illness. The regulator has taken a baby step in to permit life insurers cover your health. When it happens, without conflict of interest of dominant shareholders, it would be a new dawn.
How to foot Covid-19's hefty bill
There are no good estimates, but millions have been affected, the majority of whom live a daily wager’s existence, and cannot afford remote working from home, social distancing or frequent hand-washing with soap.
'They had Rs 50 lakh in FD, but didn’t want to invest more Rs 10,000 per month in mutual funds’
The Shindes already had a house and car. Their combined income was roughly Rs 3.5 lakh, and they had invested in multiple life insurance products, fixed deposits, PPF, real estate, and some mutual funds. A large chunk of money was lying in their savings account
View: If interest on loans is waived, banks or depositors can’t be told to pick up the bill
At the heart of this case is a simple question: Who bears the cost?
PMC impact? Your deposits get 5 times more cover
“The Deposit Insurance and Credit Guarantee Corporation has been permitted to increase deposit insurance coverage for a depositor, which is now Rs 1L, to Rs 5L per depositor,” said FM. “I wish to inform this august house that the robust mechanism is in place to monitor the health of all scheduled commercial banks & that depositors’ money is safe."
YES Bank crisis: Why government must fix the vulnerabilities in financial system
Yes Bank is another example of delayed action. It was clear that the bank was going to struggle to raise money.
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