Manking Personal Finance Easy
Union Finance Minister Nirmala Sitharaman chairs the 55th meeting of the GST Council, in Jaisalmer, on December 21, 2024. | Photo credit: PTI Finance Minister Nirmala Sitharaman said on Saturday (Dec 21, 2024) that the states do not agree to bring aviation turbine fuel under the ambit of Goods and Services Tax. “States did not…
Market veterans and several fund managers from some of the largest Indian fund houses believe that the Indian stock market remains well positioned for growth despite global challenges and risks posed by persistent inflation and high interest rates. Most of them believe that the slowdown in the Indian economy, which has occurred in the first…
Representative image | Photo credit: Getty Images Since the COVID-19 pandemic, India has been witnessing a rise in healthcare cost inflation, making guaranteed and standardized healthcare unattainable for various sections of the society and driving up health insurance premiums. Last year, the country witnessed healthcare cost inflation of 14%, while overall inflation was in the…
According to a report by Motilal Oswal, 2024 was a successful year for initial public offerings (IPOs) in the Indian primary market. The report highlighted that a record ₹1.8 lakh crore has been raised through over 317 IPOs so far this year. This figure surpasses the previous record of ₹1.3 lakh crore in 2021 and…
Cybercrime Tricks: With cybercrime on the rise in the country, India’s largest bank, State Bank of India, has issued an advisory outlining possible ways in which fraudsters can deceive customers. 10 common cybercrime tricks TRAI telephone fraud: Some fraudsters may threaten to suspend your mobile services due to allegations of illegal activities or non-compliance with…
International crude oil prices were little changed last session as markets weighed on weak Chinese demand and lower interest rate cut expectations from the US Federal Reserve following recent pressures from US inflation. Brent crude futures closed up six cents, or 0.08 percent, to settle at $72.94 a barrel. U.S. West Texas Intermediate crude futures…
BIMARU states can no longer be considered sick (sick), if the strong growth of mutual fund assets managed by these states is something we can expect. BIMARU is a term coined by demographer Ashish Bose in the 1980s to describe the poor economic conditions in Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh. Mutual fund assets…
In a ruling that will impact many credit card holders in India, the Supreme Court on December 20 overturned a 2008 National Consumer Disputes Redressal Commission (NCDRC) ruling capping credit card interest on late bill payments at 30% per annum. “In view of the foregoing reasons, the judgment of the NCDRC is set aside and…
Buy or sell shares: Following the US Fed’s aggressive outlook on interest rate cuts and selling of financial instruments, the Indian stock market broke its four-week winning streak. Major benchmark indices have wiped out their four-week gains over the past week. The Nifty 50 index fell to 23,587 from 23,768, with a weekly loss of…
Bank FD Interest Rates: Several banks including Federal Bank, RBL Bank and Equitas have revised their fixed deposit interest rates in December 2024. As per the revised FD rates, investors can get a return of almost 9% on their fixed deposits. Fixed deposits are one of the most suitable options for investors who want to…
