PERSONAL FINANCE


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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IANS 23 January 2023
As Big Tech layoffs dominate headlines, more details have emerged on which verticals and senior executives earning up to $1 million annually bore the maximum brunt at Google, Microsoft, and Amazon.   At Google, laid-off employees included those who had previously received high...

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IANS 23 January 2023
Amid the layoffs come another bad news for employees, especially from India in the US, as Google has paused its Program Electronic Review Management (PERM), a key step in acquiring an employer-sponsored green card.   Google has sent an email to foreign employees, notifying them that...

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IANS 18 January 2023
The combo—premium growth and better underwriting discipline by public sector players—will ease the profitability pressure in life and general insurance sectors, said Moody's Investors Service (Moody's), in a report.   According to Moody's, the pressure on profitability of Indian...

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It is not power itself but the legitimation of the lust for power, which corrupts absolutely.   -Lord Acton   Power and politics are an inevitable part of human life, especially if you wish to achieve success. One cannot speak of success without discussing two critical...

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IANS 14 January 2023
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday reiterated that crypto currencies are equivalent to gambling, as their perceived value is only make believe.   Addressing a media event here, Das called for a ban on cryptos, saying there is no underlying value in it....

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Sponsored Post 13 January 2023
With the rising costs, it can get difficult to pay your EMIs on time. Under these circumstances, lowering your home loan interest rate can be of immense help. There are several financial institutions that offer housing credit. So, here are some tips that you can use for minimising the...

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Moneylife Digital Team 12 January 2023
Rejecting the contention of ICICI Lombard Insurance Company in a building collapse case, the National Consumer Dispute Redressal Commission (NCDRC) directed the insurer to pay Rs4.19 crore to Shital Fibres Ltd. The insurer had contented that Shital Fibres does not fall under the definition of...

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Moneylife Digital Team 10 January 2023
Rama Manohar (name changed), a 62-year-old housewife from Mumbai, had approached her bank for advice on an insurance policy that would provide them with a regular income after retirement and also funds for the higher education of their grandson, when he reaches the age of 15.  Mr and Ms...

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IANS 02 January 2023
Noting that there is turmoil in crypto assets market, the Reserve Bank of India (RBI) has suggested a framework for international regulation of such crypto activities.   In it's financial stability report, which was released on 29 December 2022, the central bank has said that "the...

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IANS 02 January 2023
Efforts to connect the poorest of the poor with banks are underway throughout the country, so that the amount of subsidies provided by the government can go directly to their bank accounts. However, it is surprising that 4,837 branches of several banks have been closed in the past two...

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Moneylife Digital Team 31 December 2022
Coming down heavily on Max Life Insurance Corp for postponing insurance for six months after accepting the premium before the death of the insured, the Supreme Court asked the insurer to pay home loan insurance money to the family of the borrower. The apex court also dismissed orders passed...

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One of the reasons work certificates come in so many different forms is that managers are never sure to what extent they should be transparent or opaque. Strangely, many managers are included in opacity. They avoid feedback or block it and therefore miss opportunities for self-correction and...

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Sponsored Post 19 December 2022
Taking a bike loan is the simplest way to finance the purchase of a two-wheeler without putting too much of a strain on your income or impacting your savings negatively. You can get a bike loan with ease today, but what you need to be careful about is planning your loan...

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The ability to resist the temptation to declare ‘I know it already’, is an ability to be discreet. Discretion is a very important attribute for a manager because carelessness and indiscretion in corporate life can do great harm to others and to the organisation. In many cases, even harm to...

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IANS 14 December 2022
Two government-owned general insurance companies—National Insurance Company Ltd and Oriental Insurance Company Ltd—have not recruited a single person for the past four/five years, Parliament was told.   The Delhi-headquartered Oriental Insurance has not hired any fresh employee for...

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Moneylife Digital Team 09 December 2022
The Insurance Regulatory Development Authority of India (IRDAI) has approved the plans for Bima Sugam, an aggregator-like platform (like Amazon) that will allow insurers to sell products directly to customers online, lowering costs and altering the distribution process. The platform is...

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A friend of mine, Supriya, recently told me that she was co-authoring a book on ‘purpose’. And this casual remark made me think on a subject to which I had not given much thought. Purpose is an aspect of life which is missing in much of our working population. Maybe, the younger and better...

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Ken Schwencke (ProPublica) 02 December 2022
This story was originally published by ProPublica.   Financial technology firms at the front lines of approving loans through the Paycheck Protection Program — intended to help small businesses survive during the pandemic — lacked fraud controls, chased high fees to the detriment of...

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IANS 24 November 2022
As more and more companies across the spectrum sack employees amid the global meltdown, at least 853 tech companies worldwide have laid off about 137,492 employees to date, and the tally is only going north amid recession fears.   According to data from layoffs.fyi, a crowdsourced...

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