Tuesday, August 17, 2021

Claim and counter-claim: health insurance key point of debate in pandemic

Over the months of a continuing pandemic, the issue of health insurance and the problems that many families and individuals have faced with their policies has emerged as one of the key points of an anguished debate.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3slDQes

Double tax for NFTs: Deals may attract GST, equalisation levy

This would mean that any NFT bought could become dearer by a few percentage points. The tax department is set to slap a 2% equalisation levy on these transactions. Also, the indirect tax department would seek that the exchanges pay GST on the transaction value, say insiders.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3smCSOW

Monday, August 16, 2021

Mutual funds bought into many declining stocks in July: Full list

Fund managers lapped up falling shares of Britannia Industries with both hands. Their holding in the biscuit maker rose 18.3 per cent in terms of the number of shares held but advanced only 10.9 per cent in value terms. The scrip was down 6 per cent for the month. It was the fifth-worst Nifty50 performer in the period.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3yU2RzT

HDFC to raise funds from retail investors through Green Deposits to finance sustainable housing

The financing offered through these ‘Green and Sustainable Deposits’ will aim to safeguard the environment from climate change. Last month, HDFC and the World Bank Group member IFC entered into an agreement to promote green housing in India through lending for affordable and low-income housing.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3iQJQZq

SBI announces special offers on car loans, gold loans and personal loans: Check details here

SBI has announced a 100 per cent waiver on processing fees for its car loan customers across all channels. It has also waived off the processing fee for all the customers applying for gold loans via YONO. For personal and pension loan customers, the lender has announced a 100 per cent waiver in processing fees across all channels.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3CPsPqC

Sunday, August 15, 2021

Retail rush for flexi cap mutual funds takes July folios to new high

The growing affinity of retail investors towards flexi-cap and sectoral funds has led to domestic equity funds adding 2.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3xPXpfV

Faceless assessment scheme to ensure transparent system: CII survey

The survey also said that over 70 per cent of the respondents felt that the scheme has resulted in saving their time as compared to the earlier physical assessments.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2XlX3Ba

Govt notifies general insurance and DICGC bills

The Deposit Insurance and Credit Guarantee Corporation (Amendment) Act ensures that bank account holders are paid up to ₹5 lakh within 90 days of the Reserve Bank of India placing any bank under moratorium.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3kefaB5

How gold, silver, platinum performed during the week ending August 12, 2021

​​Fear of rate hikes by central bankers, due to speedier economic recovery, has pulled down gold prices. ​​Being a more volatile bullion, silver has crashed faster than gold over the past week.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3CSCjBu

US stocks investors get protection of up to Rs 3.7 crore against wrongdoing: Viraj Nanda, Globalise

"Globalise is a platform that provides Indian investors access to the US markets. We have tied up with a US-based brokerage account."

from Personal Finance News-Wealth-Economic Times https://ift.tt/3AMeitO

Friday, August 13, 2021

Nippon India MF mobilises Rs 2,860 crore via flexi cap fund NFO

Nippon India Mutual Fund on Friday said it has collected Rs 2,860 crore through the new fund offer (NFO) of its Flexi cap fund.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3seeJu1

Provident fund losses force Air India to pay its staff lower than EPFO rate

EPFO has approved an interest rate of 8.5% for the current year and AI employees are getting less than that, sources said. The privatisation-bound national carrier – which incurred significant losses on PF money of its employees due to investments in troubled firm Dewan Housing Finance (DHFL) – has sought employees approval to move their PF accounts to EPFO.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3AFzS3d

ICICI Home Finance launches on-the-spot home loan for workers having no ITR

Under the 'Big Freedom Month', ICICI Home Finance aims to assist home loan seekers who do not have income tax returns proof to buy their dream home, it said in a statement.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3CMbfUn