Author: Naresh Saini
Naresh Saini
Naresh Saini, a graduate with over 10 years of experience in the insurance and investment sectors, specializes in covering topics related to insurance, investments, and government schemes. His expertise and passion for the financial industry allow him to provide valuable insights, helping readers make informed decisions. Naresh is committed to delivering clear and engaging content in these fields.
Post Office Time Deposit offers secure investments with 7.5% interest. Learn how you can earn over ₹2 lakh through interest and save on taxes. Safe and Profitable Investment with Post Office Time Deposit Scheme When it comes to investing, people often look for options that offer both safety and good returns. The Post Office Time Deposit Scheme has emerged as a popular choice, especially among those seeking secure investments with guaranteed returns. Backed by the government, this scheme ensures that your money remains safe while earning attractive interest over time. The scheme offers flexibility with multiple tenure options, allowing you…
Prime Minister Narendra Modi recently unveiled a significant opportunity for Indian families to save on their electricity bills while contributing to a greener planet. At the Global Renewable Energy Investors Meet and Expo (RE-INVEST 2024), he highlighted how small families can take advantage of the PM Surya Ghar Free Electricity Scheme. The initiative not only promises financial savings but also aims to reduce India’s carbon footprint by boosting the use of solar energy across the country. How Families Can Save Rs 25,000 Per Year The scheme primarily focuses on small families consuming around 250 units of electricity each month. Under…
Foreign investors are once again focusing on Indian markets, with global funds pouring money into Indian equities. After some uncertainty earlier this year, foreign inflows have surged, with $8.5 billion in net purchases this quarter. This marks the highest foreign investment in Indian stocks since mid-2023, signaling growing confidence in India’s economic prospects. India Attracts Global Capital Amid Strong Economic Growth One of the key reasons for the return of foreign investment is the stable political environment in India, following Prime Minister Narendra Modi securing a third term. Additionally, India’s growing weight in several global indices, especially when compared to…
If you are a policyholder with Star Health Insurance, you might want to stay updated on a serious data breach incident. The personal information of over 3.1 crore policyholders has been leaked online, including sensitive details such as names, addresses, email IDs, mobile numbers, and even medical records. The leaked data is being shared via Telegram, with hackers making use of chatbots to distribute this information. This development has raised concerns about the safety and privacy of millions of policyholders. Sensitive Data Exposed: What Has Been Leaked? The leaked data reportedly contains critical personal information such as: Hackers have been…
The National Pension System (NPS) Vatsalya scheme, announced by the government on 23rd July, is designed for parents who wish to build a long-term financial plan for their children. Launched on 18th September, this pension scheme allows parents to invest for their children until they turn 18. Once the child reaches adulthood, the account is automatically converted into a regulatory pension account. The primary aim of the scheme is to create a secure retirement fund for the child, but there’s a catch – the child can only access a portion of the money when they turn 60. The rest of…
The NPS Vatsalya scheme, introduced by the Pension Fund Regulatory and Development Authority (PFRDA), has already created a buzz in India’s pension landscape. Launched on September 18 by Finance Minister Nirmala Sitharaman, the scheme is designed to help parents and guardians build a substantial retirement corpus for their children by leveraging the power of compounding. On the first day alone, an impressive 9,700 minor subscribers were enrolled in the scheme, marking an enthusiastic start. This includes 2,197 accounts that were opened through the e-NPS portal, reflecting growing digital engagement in financial planning. The scheme, which was announced in the Union…
In a bid to secure the future of children, the government has introduced a new scheme called NPS Vatsalya, specifically designed for children under 18 years of age. This has stirred up interest, especially among parents who are already familiar with long-term investment plans like Public Provident Fund (PPF). Now, with two strong options available, it’s essential to understand which scheme suits your child’s future needs better. What is NPS Vatsalya? NPS Vatsalya is an extension of the National Pension Scheme (NPS), traditionally meant for individuals over 18 years. Now, children below 18 can have an NPS account opened by…
The Modi government is set to bring much-needed relief to taxpayers by launching the Vivad se Vishwas 2.0 scheme on October 1, 2024. Announced in the 2024-25 Union Budget, this initiative aims to resolve pending direct tax disputes, providing an easier and faster way for taxpayers to settle their issues with the tax department without going to court. A New Approach to Tax Dispute Resolution The Vivad se Vishwas 2.0 scheme is designed to simplify and streamline tax dispute resolutions, enabling quicker settlements. Disputes relating to 2.7 crore direct tax demands worth nearly ₹35 lakh crore are currently pending at…
Today, on 20th September 2024, investors have the chance to explore three fresh New Fund Offers (NFOs) from top mutual fund houses: Mirae Asset Mutual Fund, LIC Mutual Fund, and HDFC Mutual Fund. NFOs give investors the chance to invest in a mutual fund at the initial offering price, typically set at Rs 10 per unit. The funds collected during this period are used to invest in various asset classes or sectors, depending on the scheme’s objective. Here’s a detailed look at the new offers opening today. Mirae Asset Nifty Metal ETF: Focus on Metal Sector The Mirae Asset Nifty…
Max Healthcare is maintaining its strong financial performance, making it a key player in the healthcare industry. The company’s revenue saw a healthy 19% year-on-year growth in the first quarter of this financial year, reaching ₹1,935 crore. This marks the eighth consecutive quarter of double-digit revenue growth. With an occupancy rate of 75%, similar to last year, Max Healthcare continues to perform well across multiple key metrics. Solid Growth Across Key Performance Metrics In the first quarter of this fiscal year, Max Healthcare recorded a 3% increase in its Average Revenue Per Occupied Bed (ARPOB), driven by tariff hikes and…