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Amitabh Bachchan hails COVID-19 vaccination drive, hopes to eradicate coronavirus like polio from India
Mumbai: As India kickstarted world’s largest vaccination drive against coronavirus over the weekend, megastar Amitabh Bachchan says he is hopeful that the country will become COVID-19 free. The Drugs Controller General of India (DCGI) had earlier this month approved Oxford COVID-19 vaccine Covishield, manufactured by the Serum Institute, and indigenously developed Covaxin of Bharat Biotech […]
Press Trust of IndiaJanuary 17, 2021/6:54 PM IST -
I-T department launches portal on info about benami properties, tax evasion
The Income Tax department has launched a dedicated portal where citizens can provide information about benami property holdings and tax evasion can be submitted. The facility allows for filing of complaints by persons who are existing PAN/Aadhaar holders as well as for persons having no PAN /Aadhaar. After an OTP based validation process (mobile and/or […]
Money9January 17, 2021/5:30 PM IST -
India Post: A look at various saving schemes
India Post offers nine types of saving schemes through its network of more than 1.5 lakh branches across the country. Most of these schemes offer a rebate under Section 80C of the Income Tax Act. Here’s a look at the schemes available: 1. Post Office Savings Account A savings account can be opened with Rs […]
Money9January 17, 2021/5:17 PM IST -
Government says EPFO, PFs can invest in Bharat Bond ETFs
The government has allowed EPFO and exempted provident fund trusts to invest in Bharat Bond ETFs. Despite an 8.5% interest rate declared by the EPFO for FY20, these ETFs have yields in the 4.5-6.6% range. Thus experts suggested a transfer of risk to subscribers rather than provident funds through unitisation. The government had launched four […]
Money9January 17, 2021/4:31 PM IST -
Post office savings account: Here’s all you need to know
India Post has various deposit schemes, which are backed by the central government. Among them is the savings account, which offers 4% interest per annum. The minimum balance required to be maintained in a savings account is Rs 500. If the account fails to maintain that amount, a maintenance fee of Rs 100 is charged […]
Money9January 17, 2021/4:15 PM IST -
HDFC Bank Q3 results: Profit rises 14.36% to Rs 8,760 crore
Mumbai: The country’s largest private sector lender HDFC Bank on January 16 reported a 14.36% jump in consolidated net profit to Rs 8,760 crore for the December quarter. At the standalone level, the net profit for the three-month period grew 18.09 per cent to Rs 8,758.29 crore. Its total income increased to Rs 37,522 crore […]
Press Trust of IndiaJanuary 16, 2021/1:26 PM IST -
All you need to about key differentiators between term and endowment insurance plans
Insurance is an important instrument for protection against unprecedented events. There are broadly two types of insurance plans offered by most insurance companies – term insurance and endowment insurance. Both plans provide financial protection to dependents in case of death of policyholder and various tax exemptions. However, it is important to dig into their individual […]
Sanjana Choradia and Anindita DoshiJanuary 16, 2021/12:24 PM IST -
WhatsApp delays policy update rollout to May 15
New Delhi: WhatsApp has decided to delay the rollout of its new policy update to May 15 after massive criticism from users globally, including India, over concerns that data was being shared with its parent company Facebook. The move assumes significance for users in India given that the country is among the biggest markets for […]
Press Trust of IndiaJanuary 16, 2021/11:47 AM IST -
A look at how inflation affects savings
Picture this – you are 15 and go to the ice cream store to buy your favorite orange ice candy. You know 10 ice-cream sticks can be bought for Rs 100 and take exactly that much with you. Fast forward 20 years – you decide to take your child to the same store to buy […]
Soumalya SantikariJanuary 16, 2021/11:29 AM IST
