Personal Loan

higher eps pension: Will higher EPS pension dream collapse due to EPFO’s new calculation rules? [ad_1] Applicants for higher pension under the Employees’ Pension Scheme (EPS 95) may be in for a rude shock as there have been media reports that the EPFO is promoting a new rule to calculate the higher pension. The purported rule is based on giving ...

Family of deceased housewife wins Rs 6 lakh in SC; Homemaking not a valid ground for low payout to accident victim [ad_1] Losing a homemaker could be a big traumatic experience for any family. However, when it comes to calculating the financial loss for awarding compensation, the contribution of a housewife is often underestimated. The recent judgement by the Supreme ...

25% urban Indians have no life insurance, GenZ least secure financially: Survey [ad_1] Despite high awareness, term plan ownership is low among urban Indians, shows a Max Life Insurance survey. The Max Life Insurance India Protection Quotient 6 survey was done in partnership with Kantar. The survey was conducted among 4,700 urban Indians across 25 cities. IPQ is the degree ...

When to alter asset allocation [ad_1] We were going through our portfolio, as it happens before filing income tax and deciding what we shall do for next year. I proposed that we modify the asset allocation towards debt. After 33 long years. “Did it not change with asset class performance,” asked the husband. “Yes, it did, but we did not ...

RBI allows prepaid wallets, cards without KYC, to pay for rail, metro, bus, toll, parking; how it works [ad_1] The Reserve Bank of India (RBI) announced that it will now allow licenced bank and non-bank Prepaid Payment Instrument (PPI) issuers to issue PPIs for payments across different public transport networks without KYC. Metro, bus, train, waterways, tolls, and parking services ...

Husband wins Rs 1.57 crore health insurance claim against LIC after a 5-year fight [ad_1] Life Insurance Corporation of India (LIC) was ordered by National Consumer Disputes Redressal Commission (NCDRC) to pay Rs 1.57 crore to the husband of deceased policyholder. She died from Breast Cancer in April 2017 and in March 2018 LIC rejected her husband’s insurance claim. NCDRC ...

Bharat Bandh announced: Are banks closed on 16 Feb, Friday? [ad_1] Amid continuous farmer demonstrations calling for the enactment of laws about minimum support prices (MSPs) and other agricultural reforms, Samyukat Kisna and the Kisan Mazdoor Morcha have unitedly called for a Bharat Bandh on February 16, 2024, as per an Economic Times report. Many services could be impacted during ...

Non-resident gets tax relief on overseas income [ad_1] Mumbai: The Income Tax Appellate Tribunal (ITAT) has come to the rescue of a salaried individual who was deputed to work outside India, by holding that the salary income (which includes allowances) of a ‘non-resident’ for services rendered overseas cannot be taxed in India. In this case, which was heard by the ...

ICICI Bank branch manager duped depositors of crores for years to meet targets [ad_1] An ICICI Bank branch manager and his aides managed to meet their business performance targets for years by withdrawing money out of the bank accounts of unsuspecting account holders of the branch. They withdrew this money to create an illusion of opening new FD, current and ...

Pay Rs 15 lakh in death claim, consumer forum tells insurance company [ad_1] A consumer forum situated in Narmada district, Gujarat, has directed an insurance company to compensate the family of a man who passed away in a road accident with a sum of Rs 15 lakh. The firm’s contention regarding the expiration of the victim’s vehicle registration was dismissed ...