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 Car insurance – What should you do after your motor insurance policy expires?

Car insurance – What should you do after your motor insurance policy expires?

After a motor insurance policy expires, the first and foremost thing the policyholder should do is to inform the insurance company. Experts say informing the insurer should be done on a priority basis, as soon as the policyholder gets an update about the motor insurance policy's expiry.

Source:Financial Express

  23/02/2021

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 Looking for motor insurance? Know what type of policy you need

Looking for motor insurance? Know what type of policy you need

A comprehensive motor insurance policy covers you for both third-party damages and own damages

Source:Financial Express

  22/02/2021

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RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank; fresh loans, deposits restricted

RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank; fresh loans, deposits restricted

The RBI has been cracking down on weak co-operative banks over the last few years. In 2020, the RBI cancelled permits of three co-operative banks and imposed restrictions on several other banks.

Source:Money Control

  20/02/2021

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After taxman, banks ring warning signals for customers investing, trading in cryptocurrency

After taxman, banks ring warning signals for customers investing, trading in cryptocurrency

MUMBAI: Indian banks have started pulling the plug on customers investing and trading in crypto assets as the spectre of government ban on cryptocurrency rises. The government recently said that it plans to introduce a law banning trade in all cryptocurrencies — except for those issued by the government itself.

Source:The Economics Times

  19/02/2021

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EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar

EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar

EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar LIC's`contrarian’ strategy when investing in equity markets, to sell when the sentiment is bullish and buy when the mood is bearish, has paid rich dividends

Source:Money Control

  10/02/2021

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LIC IPO: Up to 10% of issue size to be reserved for policyholders

LIC IPO: Up to 10% of issue size to be reserved for policyholders

NEW DELHI : Up to 10% of the LIC IPO issue size would be reserved for policyholders, Minister of State for Finance Anurag Thakur said on Tuesday. The government will remain the majority shareholder and will continue to retain management control safeguarding the interest of policyholders, he said.

Source:mint

  09/02/2021

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Budget 2021: No overhaul in personal tax structure; relief comes to taxpayers in other forms

Budget 2021: No overhaul in personal tax structure; relief comes to taxpayers in other forms

Union Budget 2021-22: The Finance Minister presented the first paperless Union Budget 2021-22 in the Parliament yesterday. While no structural changes have been proposed to the personal tax rates, it introduced some relief measures and proposals to facilitate ease of compliance for the taxpayers explained hereunder:

Source:Financial Express

  02/02/2021

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No income tax filing required for senior citizens if they fulfil these conditions. Details here

No income tax filing required for senior citizens if they fulfil these conditions. Details here

It must be noted that the senior citizens who are above 75 years age, are not exempted from paying tax but only from filing income tax return (ITR) if they are eligible

Source:Livemint

  02/02/2021

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Budget 2021 Highlights: Govt to rationalise custom duties on gold,sliver

Budget 2021 Highlights: Govt to rationalise custom duties on gold,sliver

Union finance minister Nirmala Sitharaman presented the Union Budget 2021 in Parliament on Monday. The finance minister provided a major boost to healthcare and infrastructure in Union Budget 2021. However, there was no change in Income Tax slabs this year.

Source:The Times Of India

  01/02/2021

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