Finance

During financial year 2024-25, if a taxpayer happens to sell a capital asset, including a property or jewellery, they are liable to pay capital gains tax, subject to certain rules and exemptions. The current rate of long-term capital gains tax, which came into force on July 23, 2024, is 12.5 per cent on all financial…

I’m 32 years old, and my spouse and I plan to move in together soon, with the eventual goal of buying a home. I recently discovered that my credit score is significantly lower than hers due to past loan defaults and missed credit card payments. I’m concerned about the financial implications of this. How can…

Let’s cut to the chase: heart attacks are no longer just your father’s problem. They’re showing up in boardrooms, Zoom calls, gyms, and even during morning commutes, hitting Indians in their 30s and 40s, sometimes younger. And while we’re busy chasing EMIs, promotions, and deadlines, our hearts are quietly waving red flags. Here’s what the…

Over four years ago, Department for Promotion of Industry and Internal Trade (DPIIT) had launched Startup India Seed Fund Scheme (SISFS) in April 2021 with a total budget of ₹945 crore meant for those startups which are undergoing the stages of proof of concept, prototype development, product trials, market-entry, and commercialisation. The eligible startups can…

The Centre has informed that agricultural loans worth over ₹28.5 lakh crore are outstanding but ruled out any plans for a waiver, minister of state in the ministry of finance Pankaj Chaudhary said in response to a question in Lok Sabha on Monday. Responding to Parliamentary questions by Lok Sabha MPs Supriya Sule (Nationalist Congress…

For ultra-high-net-worth families, a foreign education for their children is now a default milestone in their long-term planning. It is not just an academic decision but also a strategy for global mobility, wealth planning, and legacy building. Today, nearly every HNI family either has a child studying overseas or one preparing for it. This journey…

Maintaining a healthy credit score is crucial for getting seamless approvals for personal loans, credit cards along with other financial products. A common question many people raise in such a scenario is: Will a negative balance in a bank account affect your credit score? It is important to keep in mind that your bank account…

In the nation a high credit score often decides who gets personal loans and at what interest. If you are someone who is new to credit or has no borrowing history, you might find traditional banking institutions and NBFCs keeping their doors closed for lending you funds on easier terms and conditions. Still, this does…

Fintech firm PhonePe has rolled out two cobranded credit cards in partnership with SBI Card, largest pure-play credit card issuer. The two new products are PhonePe SBI Card Purple and PhonePe SBI Card Select Black. This marks the second such partnership by PhonePe after its earlier tie-up with HDFC Bank. These credit cards are issued…