Personal Finance

[ad_1] Martinprescott | E+ | Getty Images Millions of older adults who are behind on their student loans could soon receive a smaller Social Security benefit. That was the warning from Democratic lawmakers, including Sen. Elizabeth Warren, D-Mass., and Sen. Ron Wyden, D-Ore., in a recent letter to the Biden administration. “When borrowers are in … Read more

[ad_1] Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank’s William McChesney Martin building on March 20, 2024 in Washington, DC.  Chip Somodevilla | Getty Images Slowly but surely, recessionary talk is dying down and confidence in the Federal Reserve is picking up. Last week, the central bank held its … Read more

[ad_1] Delhi, January 15, 2024: As many as 47% women earners in urban India take their own financial decisions, while 98% actively participate in long-term family decisions, reveals a recent survey conducted by DBS Bank India in collaboration with CRISIL. The independence in making financial choices increases significantly with age, with 65% women above 45 … Read more

[ad_1] SBI Life Insurance was ordered by the National Consumer Disputes Redressal Commission (NCDRC) to pay a deceased customer’s husband the full amount of insurance claim to settle the remaining amount of home loan taken from State Bank of India (SBI). To get the insurance claim, the husband of the deceased policyholder had to fight … Read more

[ad_1] The Income-tax Act, 1961 (Act) provides certain benefits to home buyers if they have taken a home loan for buying house property. These benefits are in the form of deductions from taxable income for interest paid on a home loan and repayment of the principal component. Such deductions help reduce the tax liability for … Read more

[ad_1]   Andrew Caballero-Reynolds | AFP | Getty Images The rate at which home prices grow is slowing down. U.S. home prices increased 0.6% from a month before in February, in line with the 0.6% average monthly gain in the roughly eight years leading up to the Covid-19 pandemic, according to a new Redfin analysis. … Read more

[ad_1] The government has taken various measures in the recent past to simplify income tax return (ITR) filing processes, however, there is still scope to do more, especially for Non-Resident Indians (NRIs) filing ITRs in India. NRIs living abroad may be required to file ITR in India either due to their taxable income in India … Read more

[ad_1] The government is trying to make the new tax regime (introduced in FY 2020-21) more attractive vis-à-vis the old tax regime. In Budget 2023, standard deduction of Rs 50,000 from salary and pension income was allowed in the new tax regime. Earlier, standard deduction was available only in the old tax regime. Due to … Read more

[ad_1] Air India was ordered by National Consumer Disputes Redressal Commission (NCDRC) to pay Rs 1.75 lakh compensation and Rs 25,000 to senior citizen customer for litigation expenses along with 6% simple interest from the date of complaint. This compensation is payable to the complainant and his three family members due to the fact that … Read more

[ad_1] Virtual Digital Assets (VDAs) such as crypto, Non-Fungible Tokens (NFT) are encrypted digital holdings on blockchain. Chainalysis’ ‘Global Crypto Adoption Index’ (2023) also suggests that India is currently leading the ‘grassroot adoption’ game in VDAs. India also has the second-largest functioning VDA market in the world. Amidst the conundrum of regulating VDAs efficiently, the … Read more