PERSONAL FINANCE


When I was reading a newspaper in January 2023, I was amazed to see the variety and kind of careers that young people today work at, and their juniors can aspire to do likewise. And I think back to the times 60 years ago, when I was young and the choices were—science, commerce and arts. And...

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Sponsored Post 11 March 2023
Several youngsters harbour a dream of owning and riding a bike. However, the dream often becomes difficult to achieve because of the expense involved. Since it may not always be possible to pay upfront for your dream bike, a bike loan is a great way to fund this desire. Two-wheeler loans are...

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Moneylife Digital Team 10 March 2023
Advocate Dipesh Siroya and Advocate Jamshed Mistry, amicus curiae in a case of non-repair and non-filling of potholes on roads, submitted before the Bombay High Court (HC) the 'Report on Public Liability Insurance in India' prepared by Moneylife Foundation. The bench of acting chief justice...

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“What could he do, poor fellow,” said my friend, “he had no choice. Naukri ka sawaal tha, na?”   He was talking about a friend of his (whom I didn’t know) who had retired from a senior position in a public sector bank (PSB).  The story was about how this 'poor fellow' had but to...

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Moneylife Digital Team 02 March 2023
While imposing a litigation cost of Rs10,000 and dismissing a revision petition filed by State Bank of India (SBI), the national consumer disputes redressal commission (NCDRC) stated the overall approach and conduct of the Bank concerning the loan transaction with the complainant was not only...

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IANS 27 February 2023
Professional networking major LinkedIn has been hit by several state-of-the-art recruitment scams after massive tech layoffs, and fraudsters are cheating those sacked by offering them jobs that do not exist.   According to the Financial Times, phony recruitments are being run by...

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The third step (probably the most important) is to understand yourself and the kind of manager you are - in order to train yourself to manage politics. Once you have a clearer understanding of yourself, your aspirations and your managerial style, you can deal with problems with others and...

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Sponsored Post 24 February 2023
For the majority of Indians, becoming homeowners is one of their biggest dreams. The good thing is that the Indian government has always encouraged home ownership. Schemes, such as Pradhan Mantri Jan Dhan Yojana, making it possible for aspiring homeowners to buy a home. Further, home loan tax...

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IANS 21 February 2023
At a time when the job market is hit by rising layoffs, Wipro has written to fresh recruits who have been offered Rs6.5 lakh per annum (pa), asking if they would be able to work for Rs3.5 lakh pa.   The move has come from Wipro following delays in onboarding 2022 batch of...

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IANS 21 February 2023
Union finance minister (FM) Nirmala Sitharaman on Monday refused to give the money kept aside for the new pension scheme (NPS) to the state governments for the old pension scheme (OPS).   "If any state takes a decision for some reason that the funds of NPS can be collected from the...

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Moneylife Digital Team 15 February 2023
While rejecting an appeal, the national consumer disputes redressal commission (NCDRC) directed Reliance General Insurance Co Ltd to pay the entire insured sum of Rs5.12 lakh to the complainant in a motor accident case. The insurer had challenged an order passed by Uttar Pradesh (UP) state...

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A. In a pharma company where I worked at the start of my career, I found that the general manager (GM) for packaging and design, never got started on any request from the sales department unless the request came to him directly from the GM—sales (there was no marketing those days – it was...

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IANS 10 February 2023
Chinese short video-making app TikTok has sacked its entire India staff—about 40 employees—and February 28 will be their last working day.   The ByteDance-owned platform, banned in India in June 2020 over national security concerns, told its employees they would receive up to nine...

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IANS 09 February 2023
In a written reply to the Lok Sabha on Thursday, the Ministry of Civil Aviation said that more than 500 posts of Air Traffic Controllers (ATCOs) are currently vacant in the country.   The Ministry said in its reply: "As on January 31, 2023, the sanctioned strength of Air Traffic...

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IANS 08 February 2023
The Life Insurance Corporation (LIC) on Wednesday introduced a 24x7 interactive service for its subscribers on WhatsApp, allowing policyholders to easily access information and services related to policies within the official LIC WhatsApp chatbot.   Policyholders will now be able to...

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Moneylife Digital Team 06 February 2023
In an important ruling, the National Consumer Disputes Redressal Commission (NCDRC) held that the complainant cannot treat an insurance policy as an investment and seek refund based on net asset value (NAV), while surrendering the policy. The petitioner in this case has invested money in unit...

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David Armstrong, Patrick Rucker  and   Maya Miller (ProPublica) 03 February 2023
This story was originally published by ProPublica.   In May 2021, a nurse at UnitedHealthcare called a colleague to share some welcome news about a problem the two had been grappling with for weeks.   United provided the health insurance plan for students at Penn State...

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IANS 01 February 2023
Insurance policies where the premium is over Rs5 lakh will no longer be tax-exempt, as per the provisions in the Union Budget 2023-24.   Kapil Mehta, co-founder, SecureNow Insurance Broker said the income from traditional insurances where the premium is over Rs5 lakh will not be...

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There are five factors that, alone or together, provide the right ambience for politics to flourish in the corporate world. These are:   A Weak Leader   A leader consciously or unconsciously casts a shadow across the whole organisation. A strong leader, strong on intellect and...

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IANS 25 January 2023
The Supreme Court on Tuesday said that a state legislature has no legislative competence to enact a law in respect of modern medicine or allopathic medicine, contrary to the standards that have been determined by the central law.   It emphasised that policies for enhancing access to...

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