Coronavirus crisis has changed reasons for saving, increased insurance awareness: Survey
The India Protection Quotient developed by Max Life measures awareness and ownership of life insurance, level of preparedness and preference for term plans.
Education and marriage can wait, now it’s savings for Covid
There has been a dramatic change in risk perceptions since Covid-19 struck. Many ...
Small savings scheme, PPF rates remain unchanged
During the start of the first quarter of FY21, the government had lowered the rates on vari...
How to save enough to make tax-saving investments
Low income reduces one’s ability to save. For a young earner, the tax-saving instruments under Section 80C are perhaps the only avenues to accumulate some wealth.
COVID-related consumption crunch may spike Q1 household savings
A spike in net financial assets of households is likely in the first quarter of 2020-21 on account of a sharp drop in lockdown induced consumption.
PPF rate may fall below 7% to a 46-year low
Short-term deposit rates are now very close to or even less than what savings bank accounts offer.
The downside of saving consumers from oil price hikes
Ad hoc increase in duties is a problem plaguing the sector. While customs, cess and excise duty hikes are levied by the central government, state governments impose value added tax (VAT). Hiking duty and not allowing OMCs to pass it on to consumers is a bad move.
66% of household assets are kept as bank fixed deposits, cash: RBI bulletin
The surge in assets is the result of a fall in consumption due to the Covid-induced lockdown, reveals the latest RBI bulletin. Meanwhile, borrowings have slumped. The financial liabilities of households were primarily in the form of loans and borrowings.
People fear they’ve got too much cash in their bank accounts
The comfortable, if small, returns of high-yield savings accounts are looking less palatable as volatile assets take off.
8.2 lakh workers dip into retirement savings to survive in lockdown
Claims settlement involves disbursal of total amount of Rs 4,684.52 crore which includes Rs 2,367.65 crore COVID claims under the PMGKY package. The exempted private PF trusts have also risen to the occasion amidst the COVID-19 pandemic.
India’s first numberless card for teenagers: Here's all you need to know
The card helps remove the dependence on parents without impacting their financial security. Parents can send money to their kids on the app and control the amount they spend.
View: Allow the Chinese to save 'face'
To design a response, it’s important to assess the economic, military and diplomatic might of the two countries. Bravado and love for country is one thing, where India stacks up against China is quite another.