Tag Archives: financial planning

Paytm Payment Bank Crisis: Understanding RBI’s Strict Actions In recent developments, the Reserve Bank of India (RBI) has taken stringent measures against Paytm Payments Bank (PPB), causing a ripple effect in the banking sector. The crisis deepened when the Employees’ Provident Fund Organisation (EPFO) also imposed restrictions on PPB, adding ...

The Employees’ Provident Fund Organization (EPFO) and the Central Board of Trustees (CBT) play a crucial role in shaping the financial landscape for millions of subscribers in India. The recent developments in the proposed interest rate cut during the CBT meeting have raised concerns and anticipation among the 6.5 crore ...

Interim Budget 2024: Shaping Hope for Salary Class In a significant move, Finance Minister Nirmala Sitharaman is set to present the Interim Budget on February 1, marking her sixth budget presentation. The anticipation among the salary class is palpable, with expectations running high for favorable changes. Salary Class Expectations The ...

Income Tax Saving Tips: Decoding the Art of Smart Financial Planning Navigating through the complexities of income tax can be a daunting task, especially for salaried individuals. As companies seek investment-related documents from employees between December and February, understanding the intricacies of income tax becomes crucial. This article sheds light ...

What is Systematic Lumpsum Withdrawal: A Guide by PFRDA In a significant move, the Pension Fund Regulatory and Development Authority (PFRDA) has made changes to the rules governing the withdrawal of funds from the Atal Pension Yojana (APY). Under the new guidelines, APY subscribers now have the flexibility to withdraw ...

House Rent Allowance (HRA): Can You Claim HRA on Multiple Properties? Here’s What You Need to Know When it comes to taxation and claiming House Rent Allowance (HRA), there can be a lot of confusion, especially if you have multiple rental properties. In this article, we’ll discuss whether you can ...

Understanding Home Loan EMI and Prepayment Strategies The Reserve Bank of India (RBI) recently increased the repo rate, leading to a challenging situation for home loan borrowers, as interest rates have surged by 2.5% or more. This means that if the interest rate rises from 7% to 9.25%, someone with ...

ITR Filing Deadline Extended: Income Tax Department’s Big Announcement The Income Tax Department has recently made a significant announcement regarding the extension of the Income Tax Return (ITR) filing deadline. This update is especially important for taxpayers, charitable trusts, religious institutions, and professional bodies. In this article, we will delve ...

Farmers Loan Portal: Empowering Millions of Farmers Across India In a significant move to benefit millions of farmers across India, the Central Government, led by Finance Minister Nirmala Sitharaman and Agriculture Minister Narendra Singh Tomar, is launching a special initiative. Under this program, they will inaugurate the “Kisan Rin Portal” ...

Old Pension Scheme Update: Understanding the Ongoing Discussion (OPS News) In recent times, there has been significant discussion surrounding the Old Pension Scheme (OPS) across the nation. The Reserve Bank of India (RBI) has brought forth crucial news related to the OPS, and several states in India are considering either ...