5 government schemes to help financially secure your domestic helpers [ad_1] In India, we have the luxury of employing domestic workers, who provide daily help with cleaning, cooking and driving, etc. Despite an improvement in their financial condition over the years, many continue to live in poverty without any safety nets. You can help them by not only making them ...

What is the 50-30-20 rule in personal finance [ad_1] 1.This is a thumb rule that can help in the budgeting aspect of personal finance. 2.50% of aftertax income should be used for needs, 30% for wants, and 20% for saving and investing. 3.Needs are mandatory expenses that are required for survival. These include utility bills, rent, EMIs, groceries, insurance premiums, ...

There are 8 investor personalities. What is your investing personality? [ad_1] There are eight different kinds of investor personalities, says ET Money’s India Investor Personality Report 2022. What are the eight unique personas? STRATEGISERS Action takers willing to take calculated risks. EXPLORERS Smart and sometimes over confident investors who take quick decisions. SEEKERS Low key and hungry for knowledge, who ...

Krishnan Sankarasubramaniam takes over as Tamilnad Mercantile Bank MD & CEO Tamilnad Mercantile Bank Ltd on Sunday said veteran banker Krishnan Sankarasubramaniam has taken over as its managing director and Chief Executive Officer with immediate effect. Sankarasubramaniam succeeds K V Rama Moorthy and his term would be for a period of three years, which has been approved ...

ICICI Bank to raise Rs 10,000 cr via infra bonds in one or more tranches Private sector lender ICICI Bank is likely to raise up to Rs 10,000 crore in infrastructure bonds for project financing and affordable housing. The long-term instruments carry the benefit of exemption from maintaining cash reserve ratio and statutory liquidity ratio (CRR and ...

Insurers may pass on commission costs [ad_1] (This story originally appeared in on Sep 03, 2022) MUMBAI: Former members of the Insurance Regulatory and Development Authority of India (Irdai) fear that the regulator’s proposal to grant flexibility to insurers on commissions might result in them passing on related costs to policyholders. Last week, Irdai proposed to lift the ceiling on ...

Banking on awareness to tackle cyber fraud [ad_1] (This story originally appeared in on Sep 03, 2022) Nudged by the Reserve Bank of India (RBI) and the government, banks are making an all-out effort to increase public awareness to check the rise of online fraudsters. With digital transactions becoming simpler and mainstream, fraudsters are finding gullible accountholders a soft target. ...

Though NRIs earn enough to live comfortably, there may not be enough savings buffer [ad_1] A friend called to tell me that they are finally debt free. Twenty years after they got married. There is no story in that statement. Except that they are the average US-based NRIs. Wouldn’t they be rolling in dollars? Let’s see why that may not ...

CBDT issues refunds of over Rs 1.14 trillion between April to August The Central Board of Direct Taxes (CBDT) said on Saturday that it has issued refunds of over Rs 1.14 trillion to more than 19.7 million taxpayers between April 1 to August 31. It also said that income tax refunds of Rs 61,252 crore have been ...

vodafone bonds: Franklin side pockets holding Vodafone bonds shoot up 20% as interest flows in [ad_1] New Delhi: More good news for investors in the closed debt schemes of Franklin Templeton Mutual Fund. The segregated portfolios holding NCDs have received interest from the telecom company, pushing up their NAVs by almost 20% on Friday. Side pockets of five schemes hold ...