LIC has launched 4 new plans in the calendar year 2020 (till Dec 2020). In this post I have tried to list down the important features, details and my recommendations on all LIC New Plans that are launched in 2020-21. From January 2020 to till-date (8th Dec, 2020), LIC has launched two ULIP Insurance plans and two Pension plans. […]
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Am I supposed to pay Tax on Forex transactions? | TCS on Foreign Remittances
Am I supposed to pay tax on my Forex transaction? What is the maximum permissible limit of the amount in Foreign Remittances? Am I required to report all my transactions to RBI?…. All these are the common questions that come to every individual who is involved in a foreign exchange transaction. To answer these questions, […]
How to order Aadhaar PVC Card online? | Aadhaar Smart Card
“Order Aadhaar Card” is a new service launched by UIDAI which facilitates the Aadhaar holder to get their Aadhaar details printed on PVC card by paying nominal charges. Currently, Aadhaar letter is being issued as a laminated paper document to the residents after enrollment (or) update. In case, you would like to get the Aadhaar number printed […]
Latest Post Office Small Saving Schemes Interest rates Oct – Dec 2020 | Q3 of FY 2020-21
The Reserve Bank of India (RBI) has been cutting the key policy rates to mitigate Covid-19 impact. Also, most of the banks and financial institutions have already been reducing the interest rates on their deposits schemes. So, as widely anticipated, the central Govt had announced a steep cut in the interest rates on small savings […]
RBI’s statistical data on Indian Household Savings & Investments (2019-20) | How & Where do we invest?
The Reserve Bank of India (RBI) has released the latest volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy – 2019-20′ on 18th Sep, 2020. Through this publication, the Reserve Bank has been providing time series data on various Economic and Financial indicators for the Indian economy. You can find lot […]
Multi-cap Mutual Funds Asset Allocation (NEW) Rules | SEBI’s New Norms
The Mutual funds are broadly classified as Equity based and Debt oriented mutual fund schemes. Equity funds are further classified into different categories like Large-cap, Mid-cap, Small-cap, Multi-cap, ELSS (Tax saving), Balanced funds etc., A Large-cap oriented mutual fund scheme primarily invests (minimum) 85% of its total assets in large-cap company shares. Similarly, as per the […]
