PERSONAL FINANCE


Moneylife Digital Team 17 August 2023
While clarifying that the complainant is not entitled to benefits under multiple sub-clauses, the national consumer disputes redressal commission (NCDRC) says the consumer has a right to cover his insurance claim under the sub-clause which gives him a higher benefit. NCDRC then enhanced the...

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Moneylife Digital Team 14 August 2023
The income tax (I-T) department has completed its investigation into alleged malpractices in the payment of commissions by insurance companies and uncovered evasion of more than Rs15,000 crore and the tax on this will be about Rs4,500 crore, says a report.   In the report, the...

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Moneylife Digital Team 10 August 2023
Following the death by suicide of veteran art director Nitin Chandrakant Desai, one more borrower from the entertainment industry has levelled serious allegations against Edelweiss Asset Reconstruction Company (EARC) and top executives of the Edelweiss group. However, EARC says it is not the...

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IANS 10 August 2023
As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50%.   Announcing the decision of the MPC after its three-day deliberations, RBI governor Shaktikanta Das said on Thursday that the committee unanimously decided...

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Moneylife Digital Team 08 August 2023
Maharashtra will become the first state in the country to have mandatory insurance coverage for shops and establishments registrations. According to a report, the Maharashtra government's labour department has issued draft notification to add insurance in Maharashtra Shops & Establishment...

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IANS 03 August 2023
The university grant commission (UGC) on Wednesday declared 20 universities, including eight based in Delhi, as fake.   Last year, UGC had declared 21 universities as fake.   UGC stated that these institutions are not authorised to grant any degrees to students and alerted the...

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Moneylife Digital Team 27 July 2023
Coming down heavily on the Life Insurance Corporation of India (LIC) for contesting insurance claims on technical grounds, instead of fulfilling its obligation in full under the policy, the national consumer disputes redressal commission (NCDRC) directed LIC to pay Rs6 lakh as a triple...

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Moneylife Digital Team 27 July 2023
The Delhi High Court (HC) imposes Rs1 lakh cost each on the National Restaurant Association of India (NRAI) and the Federation of Hotel & Restaurant Associations of India (FHRAI) for non-compliance with its directions on service charges. NRAI and FHRAI are asked to pay the penalty to the...

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Don't try to start your vehicle if it was submerged in water. Or else you will not get any claim—insurance or warranty, is the advice that is largely now being heard.   Vehicles getting submerged due to heavy rain or being washed away by flood waters seems to be becoming a regular...

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Sponsored Post 27 July 2023
Purchasing your dream bike is no small feat. It takes a lot of research and planning. The most important factor that influences your buying decision is your finances. Ensuring you have sufficient funds to afford the bike of your choice is vital. An easy way to finance such big-ticket...

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Sponsored Post 27 July 2023
Your credit score plays a significant role in the approval and rejection of your credit card and loan applications. This three-digit number represents your creditworthiness and repayment capability. The credit score is computed by a credit bureau on the basis of multiple factors including...

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Abhay Datar 26 July 2023
Many times, a claim lodged under our health insurance policy is either rejected in toto or settled partially. This demoralises the policyholder who is already worried about his or her health and this sort of rejection creates more stress. It should be noted that the insurance company is...

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Moneylife Digital Team 26 July 2023
Setting aside an order passed by the state commission, the national consumer disputes redressal commission (NCDRC) rejected a vehicle insurance claim due to an invalid licence of the driver, who was driving the car when it met with an accident.    In an order, the NCDRC bench of...

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Sponsored Post 26 July 2023
Personal loan is an unsecured credit option offered by banks and NBFCs to help consumers meet their personal and business related financial requirements. Both salaried and self-employed individuals can avail the loan without pledging any collateral and with fewer formalities and quicker...

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Sponsored Post 21 July 2023
With digitisation, Personal Loan apps have become the preferred borrowing option for salaried and self-employed professionals. In fact, did you know that in India, the usage of Personal Loan apps has witnessed a significant surge, offering borrowers...

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Driven by personal loan demand, the credit offtake from banks rose by 16.3% year-on-year (y-o-y), while the deposits grew slower at 10.2% during the last quarter of FY22-23, Credit Rating agency CARE...

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There are many times in corporate life—and even outside it—when you have to be (or seem to be) cruel to others, or unkind, or thoughtless, or lacking in etiquette, in order to be kind to yourself. There are situations that arise, where one has to put one’s foot down, or else everyone will...

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Sponsored Post 13 July 2023
Is it your dream to have a home of your own? Are you ready to finally take the plunge and commit yourself to the process of buying a home? Are the constantly increasing home prices worrying you? Are you unsure about how will you finance your property purchase?   In this brief guide on...

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Moneylife Digital Team 06 July 2023
Upholding orders passed by the below fora, the national consumer disputes redressal commission (NCDRC) says when Life Insurance Corporation of India (LIC) knew about the issuance of the previous insurance policy issued a day prior, fault cannot be attributed to the deceased policyholder...

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Sponsored Post 03 July 2023
Purchasing a home is a significant financial commitment for most individuals and securing the right housing loan is crucial to make this dream a reality. With numerous loan options available in the market, it's essential to carefully consider various factors before making a well-informed...

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