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The Central Board of Direct Taxes (CBDT) has introduced new regulations for computing income from life insurance policies with premiums surpassing Rs 5 lakh. Notably, Section 10(10) of the Income Tax Act will no longer apply to such policies, effective from April 1, 2023. It may be noted that Section 10(10) typically exempts specific sums…

Pfizer Inc said on Thursday its updated COVID-19 shot, which is being tested against emerging variants, showed neutralizing activity against the “Eris” subvariant in a study conducted on mice. Pfizer, along with its German partner BioNTech SE, as well as other COVID-19 vaccine makers Moderna and Novavax have created versions of their shots, which are…

The Chandrayaan-3 landing module comprising Vikram (the lander) and Pragyan (the rover) has successfully separated from the propulsion module, marking a major milestone for the mission. “Landing module is successfully separated from the propulsion module. Landing module set to descend to a slightly lower orbit upon a de-boosting planned for tomorrow (August 18) at 4pm,”…

“Where should I invest?” This is a question many of our readers write to us about. This comes as no surprise what with the many investment products available. Many just leave their money idling in their savings bank account, earning as little as 2.5-3% interest rate. There are other investment options that can offer better…

Central Government employees in Kerala and Maharashtra are in for a festive treat as the Centre has decided to release their salaries and pensions in advance on account of the Onam and Ganesh Chaturthi festivals. In an Office Memorandum dated August 14, 2023, the Ministry of Finance said, “In view of the ‘ONAM’ and ‘Ganpati’…

Chief Minister Kisan Samman Nidhi: There’s some really good news for farmers of Madhya Pradesh! The Shivraj Singh Chouhan Government has announced on Friday that farmers in the state will now get Rs 6,000 annually under the Kisan Kalyan Yojana. Earlier, the Madhya Pradesh farmers used to receive Rs 4,000 under the same scheme. Madhya…

A savings scheme developed for employees working for different organisations in the private sector, the Employees’ Provident Fund (EPF) serves as a financial security for retirement years. The EPF scheme is managed and operated by Employees’ Provident Fund Organisation (EPFO). As per the EPFO rules, every establishment having 20 or more employees is mandated to…

It’s important to learn financial discipline at an early stage of life to avoid difficulties in future. Early investors have a significant advantage and if you start investment at a young age it can ensure a sound financial future. Teenagers today have the opportunity to start investing at an early stage with the growing accessibility…

The Reserve Bank of India (RBI) on Thursday announced that it has increased the transaction limit for UPI Lite from Rs 200 to Rs 500. This means individuals can now use UPI lite to send up to Rs 500 without a pin. The move is aimed at increasing the adoption of UPI lite, which is…