Manking Personal Finance Easy
Look what’s clicking on FoxBusiness.com. A new attempt to move credit card users to a digital statement will now come with a fine for those who don’t want to comply. Major retailer credit card companies have quietly implemented a $1.99 fee if you want to continue receiving paper statements. One of the biggest offenders is…
If you are a new credit card user, make sure your income is much higher than your total bill. It is not unusual for some credit card users to accumulate large bills that far exceed their monthly income. As a result, they could find themselves in a debt trap. So while a credit card is…
New Delhi, the Competition Commission of India (CCI) on Tuesday approved Singapore’s sovereign wealth fund Temasek and Apax Partners to acquire an additional stake in Thoughtworks Holding Inc. Thoughtworks is a global technology consultancy providing IT consultancy and application implementation and managed services. “CCI approves the proposed combination involving the acquisition of an additional share…
India’s economy is expected to reach $10 trillion by the end of this decade (2030) and in a decade, touch $15 trillion by 2034, Union Commerce Minister Piyush Goyal said on Thursday and emphasized on improving the quality of life of citizens. . Currently, the size of India’s GDP is estimated at around $3.7 trillion….
When you sell your old jewelry to buy a new piece of jewelry, you are expected to pay capital gains tax on the sale. It is vital to note that the sale of gold, even for the purpose of purchasing a new piece of jewelry, is considered the sale of an old asset. In Budget…
Did you receive an expensive gift from someone this Diwali? It could be an expensive watch, a rare painting, a piece of jewelry or even a pair of branded shoes. Although a gift is generally considered tax-free, its value is greater than ₹50,000, it is subject to income tax in the hands of the recipient….
Image used for representational purposes. File The rupee opened flat on Tuesday (Oct 29, 2024) and fell 1 paisa to 84.08 against the US dollar in initial deals on Tuesday (Oct 29, 2024) as continued foreign fund outflows and strength in US currency in the overseas market negatively affected investor sentiment. Forex traders said a…
Credit card tokenization is the process of replacing the 16-digit number on a card with a unique combination of numbers, called a token. This approach improves the security of credit card transactions by ensuring that personal information is not included in the token. Tokenization is commonly used by online platforms such as food delivery apps…
Indian household savings as a percentage of our GDP are declining. In its latest Financial Stability Report (June 2024), the Reserve Bank of India also noted that while net financial savings have declined over 2022-2023, financial liabilities have increased on the back of private loans for consumption and investment. Rise of personal loans The personal…
