Manking Personal Finance Easy
The seven new companies that have emerged from the former Ordnance Factory Board (OFB) have demonstrated a significant turnaround, with figures showing healthy after-tax profits, three years after a radical corporatisation process. The companies, which previously suffered heavy losses, have now been directed to focus on research and development to meet the future demand of…
The Punjab State Power Corporation Ltd (PSPCL) has made a profit of Rs 564.76 crore for the period ended September, against a loss of Rs 1,880.25 crore in the year-ago period. Under the Aam Aadmi Party (AAP) government led by Chief Minister Bhagwant Mann, the timely repayment of Rs 12,342 crore subsidy to PSPCL has…
The Central Board of Indirect Taxes & Customs (CBIC) has made it mandatory from December 1 to declare the method used for producing synthetic or reconstructed diamonds at the time of export or import. This will help in speedy processing and inspection of the shipment, which in turn will facilitate trade. Synthetic or reconstructed diamonds…
Credit cards are used for a number of financial purposes ranging from paying your bills on time to spreading the bills over equated monthly installments (EMIs) or for consolidating multiple accounts into one. In addition to all this, you can also use a credit card for debt consolidation. What it essentially means is that you…
Nvidia shares closed at their highest levels ever on Monday, putting the heavyweight AI chipmaker on the verge of dethroning Apple as the world’s most valuable company. As investors bet on strong demand for its current and next-generation AI processors, the Santa Clara, California-based company’s stock price rose 2.4% to end the day at $138.07….
A recent AARP survey found that more than half of adults over 50 are concerned about having enough money for retirement The Social Security Administration announced Thursday that the 2025 cost-of-living adjustment (COLA) will be 2.5%, the lowest since 2021. Social Security retirement benefits will increase by an average of about $50 per month starting…
The Indian stock market delivered an impressive performance last Samvat, with the benchmark Nifty 50 rising almost 25 percent. However, according to Shankar Sharma, top investor and founder of GQuant, an AI tech company, Samvat 2081 could be challenging and a year of moderate to negligible returns. “India’s performance over the past year has been…
The economy is likely to have grown 5-5.1 percent in the October-December 2022 quarter due to the normalization base, much lower than the 6.3 percent growth recorded in the previous quarter, analysts said. Normal basis refers to the comparable figure of the corresponding period of the previous financial year. But the basis for calculating the…
The Center has clarified the General Provident Fund (GPF) disbursement to government employees on retirement. This clarification, provided by the Department of Pension and Pensioners’ Welfare (DoPPW), addresses questions about interest payments on deferred GPF payments after retirement. The new instructions, dated October 25, 2024, emphasize the importance of timely processing at every stage, from…
