PERSONAL FINANCE


HDFC on Saturday announced that it would raise its Retail Prime Lending Rate (RPLR) by 30 basis points.   It would lead to an identical hike in home loan rates for exiting customers.   The hike will come into effect from May 9.   It had recently increased its benchmark...

Read More



After post-Covid tremors at Unacademy and BYJU's-owned WhiteHat Jr, it is now the turn of another edtech major Vedantu which is laying off nearly 200 employees, as the heat grows on the edtech industry that is struggling to sustain their business model amid the "hybrid normal".   In a...

Read More



If you are buying motor insurance in India for the first time, you may be baffled by the various types of insurance coverage available in the market. Besides mandatory car insurance policies like third party liability and comprehensive car insurance, you can opt for several top-up covers or...

Read More



Amitabha Banerjee Amitabha Banerjee 29 April 2022
Every bank had several unions, generally one or two major ones. Bank management did not want any battles with the unions. Hence, bank managers had to ‘manage’ the unions and not create any issues.   If you were a manager, every action of yours that even remotely affected the staff...

Read More



Walter Vieira Walter Vieira 23 April 2022
Does one have to be unpleasant, and appear brusque, in order to save time? This is a question we have to ask many times in our personal encounters. Often you are only guilty of being firm - and are guarding that most precious and un-storable resource – TIME!   Some years ago, I was...

Read More



The Central government has extended the duration of Pradhan Mantri Garib Kalyan Package (PMGKP), an insurance scheme for healthcare workers fighting Covid-19, for a further period of 180 days from April 19, the Ministry of Health and Family Welfare said on Tuesday.   The scheme has...

Read More



Amitabha Banerjee Amitabha Banerjee 16 April 2022
Ramesh was the senior-most officer in the branch where I was operations manager, 40 years in service and counting.     His childhood ambition was to join the army, but (un)luckily his colour blindness was spotted in the medical examination and he was rejected. His uncle got him a...

Read More



The non-life insurance sector closed last fiscal with about 11 per cent growth over the previous year, said the Insurance Regulatory and Development Authority of India (IRDAI).   According to it, the general insurance industry had earned a total premium of Rs 220,634.73 crore as...

Read More



Walter Vieira Walter Vieira 09 April 2022
Courtesy and grace are not only seen through what is said and written, but also in the way the manager carries himself, carries his position, and resists the temptation to flaunt his perquisites— especially in the company of those who have not been as lucky to garner such...

Read More



Amitabha Banerjee Amitabha Banerjee 01 April 2022
Himmat Singh had been a pahalwan (wrestler) in his youth, and even now nobody could beat him at panja (one arm wrestling). His 6 foot plus frame, 42-inch chest and walrus moustache lent credence to his claim to fame as a strongman.   Himmat-ji was the king of the nether world, in more...

Read More



Sponsored Post 30 March 2022
According to the National Family Health Survey of India (2019-20), diabetes, hypertension and obesity are the leading non-communicable diseases affecting the Indian population. Thus, opting for a health insurance plan amidst this wave of lifestyle diseases is no longer merely optional but...

Read More



Moneylife Digital Team 22 March 2022
The COVID-19 pandemic has affected the life and non-life insurance business during FY20-21 and FY21-22. However, health insurance policies have shown a massive jump during the same period, says a research report.   In the report, State Bank of India (SBI) says, "The pandemic has made...

Read More



The proposal to cut the interest rate on employees' provident fund deposits was dictated by today's realities where returns on other small saving instruments were even lower, Union finance minister (FM) Nirmala Sitharaman told the Parliament on Monday.   The central board of...

Read More



The government is yet to finalise its non-life insurance companies that would be privatised, the Parliament was told on Monday.   "As per inputs received from Department of Investment and Public Asset Management, Government has not yet decided on the Public Sector General Insurance...

Read More



Amitabha Banerjee Amitabha Banerjee 19 March 2022
In football, the goalie is the last line of defence. If the defenders blunder and the opposing striker gets the ball near the goal, only the goalie can prevent it from landing in the net. Sometimes, the only way the goalie can save the goal is to bluff.                                 ...

Read More



Saket Hishikar Saket Hishikar 15 March 2022
Since my last article, on the announcement made by the Rajasthan government to implement the old pension scheme (i.e., pay as you go-defined benefit—PAYG-DB) for state government employees who were appointed on or after 1 January 2000, the issue has now attracted considerable...

Read More



More than 11 months after the post fell vacant, the Central government on Friday decided to appoint Debasish Panda, former Secretary, Department of Financial Services, as the Chairman of the Insurance Regulatory and Development Authority of India (IRDAI).   The Appointments Committee...

Read More



Amitabha Banerjee Amitabha Banerjee 04 March 2022
If you happen to be the new boss, you may have to turn detective to unearth the misdeeds of your predecessor —ASAP. Otherwise, your 'honeymoon period' of three months might get over, and then you will not be able to pass off these misdeeds as someone else’s creation, and will have to carry...

Read More



IANS 28 February 2022
Every year thousands of students from India go to Ukraine for medical education. A big reason for this is the facilities and cheap medical courses offered to the students in Ukraine and the recognition given to Ukrainian universities across the world.   The cost of medical education...

Read More



Saket Hishikar Saket Hishikar 28 February 2022
In 2019, I wrote a critical analysis of how the pension schemes promoted by the Central government (such as the Atal Pension Yojana (APY), or the Pradhan Mantri Shram Yogi Maandhan (PM-SYM) were moving in the opposite direction from the pre-decided trajectory in 2003 when the new (now...

Read More

Free Helpline
Legal Credit
Feedback