News

LIC's equity portfolio value may be at an all-time high of $86 billion

LIC's equity portfolio value may be at an all-time high of $86 billion

The value of equity holdings of Life Insurance Corporation (LIC) has climbed to record levels. At the end of the September quarter, the insurance behemoth’s holding in companies from the top 200 universe stood at $77 billion. Since then, the market has climbed another 12 per cent.

26/11/2020, Source : Business Standard

Income Tax Return filing: Tax changes to keep in mind while filing ITR for AY2020-21

Income Tax Return filing: Tax changes to keep in mind while filing ITR for AY2020-21

The ITR forms notified carry some significant changes. Taxpayers should bear in mind these changes while filing their ITR for AY 2020-21.

21/11/2020, Source : Financial Express.

Health insurance: Tips for buying health cover for the elderly

Health insurance: Tips for buying health cover for the elderly

If you get your parents enrolled under an individual health cover before they turn 60, there will be no burden of co-payment for a lifetime

20/11/2020, Source : Financial Express.

Lakshmi Vilas Bank crisis: Here's why you should not keep more than Rs 5 lakh in one bank

Lakshmi Vilas Bank crisis: Here's why you should not keep more than Rs 5 lakh in one bank

The failures of Indian banks in the recent times has taught us simple reasons as to why, perhaps, it is good to keep only Rs 5 lakh in a bank.

19/11/2020, Source : Zee News India

Starting to invest in your 20’s? Here are some money lessons for you

Starting to invest in your 20’s? Here are some money lessons for you

Being wise with money shouldn’t be seen as a punishment but rather as a guilt-free way to make the most of your hard-earned money.

19/11/2020, Source : Financial Express.

RBI Puts Lakshmi Vilas Bank under Moratorium, Caps Withdrawals at Rs 25,000; DBS Bank to Acquire Lender

RBI Puts Lakshmi Vilas Bank under Moratorium, Caps Withdrawals at Rs 25,000; DBS Bank to Acquire Lender

The RBI also superseded the LVB board and appointed TN Manoharan, former non-executive chairman of Canara Bank, as its administrator for 30 days.

18/11/2020, Source : News 18

Income tax on gifts: Gift received from relatives is tax free

Income tax on gifts: Gift received from relatives is tax free

The taxability of the gift is determined on the basis of the aggregate value of gift received during the year and not on the basis of individual gift.

14/11/2020, Source : Livemint

Life insurers post 32% rise in new premiums in Apr-Oct period; LIC beats industry

Life insurers post 32% rise in new premiums in Apr-Oct period; LIC beats industry

At the end of October 2019, LIC held a market share of 70.9 percent while private insurers held 29.1 percent based on new premium collection

08/11/2020, Source : Money Control

How critical illness insurance can protect you from high cancer treatment costs

How critical illness insurance can protect you from high cancer treatment costs

Critical illness insurance policies provide financial support to the insured if they are diagnosed with cancer.

07/11/2020, Source : Financial Express.