There are a number of steps taken that will leave more money in the hands of the taxpayers.
These include the reduction in tax rates under the new tax regime, increase in standard deduction, allowing tax collected at source to be adjusted against tax deducted at source from salaries, notes Harsh Roongta.
Given gains in equity prices, it is not surprising that the earnings of asset management companies (AMCs) are growing quicker. The earnings momentum looks set to continue. Good fund performances have thus led to AMC earnings upgrades although valuations are high. Recent market performance and net flow trends have led to earnings upgrades by between 3-8 per cent for FY25-27.
'Investing abroad helps mitigate currency risk for foreign-currency denominated goals, such as children's higher education and international travel.'
A rider is a supplementary cover which can be purchased with the base policy by paying an additional premium.
The regulator has asked portfolio managers not to leverage the portfolio of clients for investment in derivatives and not indulge in speculative transactions that are not accompanied by actual delivery, except for derivatives trades. This is done with the intention of reducing volatility in the market and curbing undue risks.
Keeping surplus money in a bank account has become perilous, alerts Harsh Roongta.
'At present, hybrids emit lesser carbon despite using fuel than pure play electric cars.' 'That is because EVs have to be charged and 76 per cent of the country's electricity is still coal-based and not renewables.'
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
The plea is likely to be heard on Wednesday by a vacation bench.
It's likely Ranbir will be paid close to Rs 100 crore for Animal Park.
He also pointed out the high sums earned by the coaching centres leading to the commercialisation of education.
Three leading domestic voting advisory firms are not on the same page over the proposed demerger and separate listing of ITC's hotel business, ITC Hotels. Institutional Investor Advisory Services (IiAS) has recommended a vote "against" the resolution, while InGovern and Stakeholders Empowerment Services (SES) have advised their clients to vote in favour. Voting on the resolution is currently underway.
ABB India's March quarter results (Q1CY24) were led by strong margin performance. Revenue was, however, largely in line with estimates at Rs 3,080 crore (up 28 per cent Y-o-Y and up 12 per cent Q-o-Q). The growth was across electrification (30 per cent Y-o-Y), process automation (73 per cent Y-o-Y) and robotics & motion (8 per cent Y-o-Y).
Cricketers in the West Indies have not been paid their match fees since January this year due to a severe cash crunch in their governing body. While the players' retainer has been cleared, Cricket West Indies (CWI) has admitted the non-payment of match fees.
Hospitals and blood banks can now only charge processing fees for blood as the apex drug regulator has decided to do away with all other fees to check the practice of overcharging.
Ramalingam Kalirajan dives into the specifics of NPS withdrawal rules to help you understand the conditions under which and when partial withdrawals are allowed.
Rising outgo towards clearing and settlement fees has led to an altercation between the BSE and the National Stock Exchange of India (NSE), with the latter striking down the former's request to lower the charges. NSE said it has no plans to restructure the same and that it will continue with the pricing defined under the interoperability framework. The interoperability framework, introduced in 2019, allows trades executed on any of the exchanges to be settled or cleared at either of the two clearing corporations -- NSE Clearing (NCL) or Indian Clearing Corporation (ICCL), fully-owned by the NSE and the BSE, respectively.
The DGCA advised airlines to remain ready to operate additional flights from the Srinagar airport if the need arises.
Rajasthan Royals captain Sanju Samson has been fined 30 per cent of his match fees for breaching the IPL Code of Conduct during his side's 20-run loss to Delhi Capitals at the Arun Jaitley Stadium in New Delhi.
The country's largest private lender HDFC Bank on Saturday reported a 6.51 per cent decline in its consolidated net profit to Rs 16,474.85 crore in the April-June quarter compared to the previous January-March quarter. The city-headquartered lender, which merged its mortgage major parent HDFC into itself in July last year, had reported a net profit of Rs 17,622.38 crore in the March quarter. On a standalone basis, the net profit declined to Rs 16,174.75 crore in April-June 2024-25 from Rs 16,511.85 crore in January-March 2023-24.
rediffGURU Mayank Chandel offers advice to students interested in a careers in science or engineering after class 10 and 12.
Borrowing from a fraudulent loan app subjects the borrower to a variety of risks.
While the Delhi government announced that schools will not be allowed to hike fees during the lockdown period and only tuition fee will have to be paid, Maharashtra has said parents can lodge complaints with district education officers if schools demanded fees. The Gujarat government had on Monday announced that private schools will not hike fees for an year. The West Bengal government has appealed to schools to refrain from hiking fees.
The verdict in the Google versus Epic Games antitrust case in the US has spread cheer among the Indian gaming and app developers. Ending a three-year legal battle, the San Francisco jury found that Google turned its Play app store and billing service into an illegal monopoly. American video game maker Epic Games, best known for Fortnite, had sued Google in 2020.
"Let's work it out. There has to be some parity," the high court said.
Car sales are experiencing a challenging phase with around Rs 60,000 crore worth of inventory lying unsold with dealers.
India has submitted its bid to host the much-anticipated World Chess Championship clash between teen sensation D Gukesh and defending champion Ding Liren of China in November-December this year.
The RTI also sought the details of the fees paid by the SBI to senior advocate Harish Salve to defend its case against the disclosure of the electoral bonds' records, citing that the records are held in a fiduciary capacity and the information is personal in nature.
Starting July 1, passengers will be charged an aviation security fee of Rs 150, as opposed to the current Rs 130 for domestic flights, and $4.85 as compared to the current $3.25 for international flights.
Selected students from Delhi will receive up to Rs 10,000 to cover tuition fees along with an annual academic allowance of up to Rs 10,000.
Mumbai Indians felt Hardik Pandya was one for the future in place of Rohit, who at 36, is nearing the end of his career.
A child who is less than 12 years of age must be allotted a seat beside at least one parent or a guardian with whom he is travelling, the Directorate General of Civil Aviation (DGCA) told airlines on Tuesday. The DGCA has said that the air transport circular on unbundling of services and fees by scheduled airlines is being modified. It allows airlines to charge for excess baggage, preferential seats, meals, snacks, drinks, and carriage of musical instruments.
Left-arm spinner Shahbaz Ahmed has been traded to Sunrisers Hyderabad from Royal Challengers Bangalore, while SRH's Mayank Dagar will don the Bengaluru franchise's colours in the upcoming edition of the Indian Premier League.
While Lara agreed in principle to the point, he found differences too in the two models.
A bench of justices B R Gavai and Sandeep Mehta told the petitioner's counsel that a coordinate bench of the apex court had last week delivered its verdict on the issue.
The finance ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory norms have been noticed by the government. The Department of Financial Services (DFS) in a communication addressed to heads of public sector banks has asked them to look at their system and processes related to gold loan. "We have asked banks to undertake comprehensive review of the gold loan business," financial services secretary Vivek Joshi told PTI.
Gavaskar also urged the BCCI to have a look at the scheduling of the Ranji Trophy, which ran from a little over two months from January 5 to March 14 this year.
UP Warriorz' Sophie Ecclestone and Kiran Navgire were on Sunday fined 10 per cent of their match fees for breaching the WPL Code of Conduct during their team's match against Delhi Capitals in New Delhi.
Aston University is offering a scholarship worth 10,000 pounds towards tuition fees for one-year postgraduate-level courses to one student from India, Pakistan or Vietnam.
Pakistan cricketers face the risk of having their central contracts reviewed
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