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.
The Bihar government has launched the CM Private Tube Well Scheme to address the irrigation challenges faced by farmers. This initiative, part of Saat Nishchay Part-2 under the “Irrigation Water Till Every Field” mission, offers significant financial aid for installing private tube wells. Farmers can receive a subsidy of up to 80% depending on their category. The scheme’s last date to apply is 31st January 2025, and the benefits are designed to promote efficient irrigation and enhance agricultural productivity. Subsidy Details: Who Gets What? Farmers are eligible for subsidies based on their category: The scheme applies to tube wells with…
As the year 2024 wraps up, the Indian education system has witnessed a landmark change. The no detention policy, which had shielded Class 5 and 8 students from failing, is officially discontinued. This decision signifies a shift towards a more rigorous educational framework, impacting millions of students nationwide. Here’s everything you need to know about the end of this policy and what it means for students, parents, and schools. What Was the No Detention Policy? Introduced in 2009 under the Right to Education (RTE) Act, the no detention policy ensured that students from Classes 1 to 8 could not be…
Gold has always been a symbol of wealth and power. Beyond its shine, gold is one of the most trusted investment options, offering safety and liquidity. In today’s volatile economic climate, understanding gold’s significance as an asset is crucial. Let’s dive into some fascinating facts and reasons why gold remains a favorite for investors. The History of Gold in Global Finance Gold has played a pivotal role in the global monetary system. Here are some key historical milestones: Gold vs. Stock Market: A Safety Net in Uncertain Times Historically, gold has performed well during economic downturns. When stock markets show…
Weddings today are grand affairs, often involving expenses running into lakhs or even crores. With such high stakes, it becomes essential to safeguard these investments against unforeseen circumstances. This is where wedding insurance comes into play, offering financial protection for one of life’s most memorable events. According to recent reports, the upcoming wedding season is expected to witness over 35 lakh marriages across India, generating a staggering business of Rs 4.25 lakh crore. With such massive celebrations on the horizon, understanding the importance of wedding insurance is crucial. What is Wedding Insurance? Wedding insurance is a financial safety net that…
Unit Linked Insurance Plans (ULIPs) by Tata AIA Life Insurance have become a standout performer in the financial market, providing high returns while meeting insurance needs. Over the past five years, Tata AIA ULIPs have delivered returns of 27% to 28%, significantly outperforming their benchmarks. For investors seeking a combination of wealth creation, tax benefits, and insurance, Tata AIA’s ULIP schemes are emerging as a robust option. Five-Year Performance: Surpassing Benchmarks Tata AIA Life’s ULIP funds have consistently outshone their benchmarks. Here’s a look at the performance of their top funds as of November 30, 2024: Fund NameAnnual Return (%)Benchmark…
The National Pension System (NPS), a favored retirement planning tool in India, has introduced a new feature—Systematic Lumpsum Withdrawal (SLW)—designed to provide retirees with regular, tax-free income. This addition allows retirees to systematically withdraw 60% of their corpus between the ages of 60 and 75, offering enhanced financial flexibility and stability. SLW complements the mandatory annuity purchase with 40% of the corpus, which provides a fixed monthly income but is subject to taxation. The new facility ensures retirees have an additional, tax-free income stream to manage expenses effectively. What Is Systematic Lumpsum Withdrawal (SLW)? SLW allows NPS subscribers to withdraw…
India’s agricultural landscape is set to undergo a major transformation with the introduction of the Kisan Pehchan Patra (Farmer ID). The initiative, spearheaded by the Union Ministry of Agriculture and Farmers Welfare, aims to create a digital identity for farmers similar to the Aadhaar card. This ID will be linked to their farming and land records, marking a significant step toward modernizing Indian agriculture. Farmers, the backbone of India’s economy, often face challenges in accessing government schemes, subsidies, and other benefits. The Kisan Pehchan Patra initiative is expected to streamline this process and provide farmers with a unique, Aadhaar-linked digital…
The Employees’ Provident Fund Organisation (EPFO) manages millions of EPF accounts, but a large number of them have become inactive over time. According to EPFO data, as of March 2024, approximately ₹8,505.23 crore lies unclaimed in 21.55 lakh dormant accounts. The sharp rise in inactive accounts is evident when compared to the ₹1,638.37 crore deposited in 6.91 lakh dormant accounts during 2018-19. An EPF account becomes inactive if no contributions are made for three years or if the account holder reaches 58 years of age without withdrawing funds. If you have an inactive EPF account and wish to access your…
The Indian government has announced PAN 2.0, an upgraded version of the current Permanent Account Number (PAN) card. This step is part of the Digital India campaign to simplify taxpayer services with advanced technology. PAN 2.0 introduces features like QR codes, digital access, and streamlined services. If you’re wondering how to get your updated PAN card, here’s everything you need to know about the process, charges, and benefits. No Change to Your PAN Number Union Minister Ashwini Vaishnav has clarified that the existing PAN numbers will remain unchanged. Taxpayers do not need to worry about applying for a new PAN…
Admission to a top school is a crucial decision for parents, shaping the foundation of their child’s future. With nursery school admissions underway in cities like Delhi, Uttar Pradesh, and Haryana, many parents are eager to secure a spot in the best school. But how do you know which school is the right fit? Here are some vital factors to consider when making this significant choice. 1. Proximity to Home: Save Time and Effort The distance between your home and the school is a crucial factor. A shorter commute means less fatigue for your child and more convenience for you.…