Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
Exciting news for delivery agents working with platforms like Zomato, Flipkart, Amazon, and Blinkit! Soon, delivery agents, often classified as gig workers, will receive benefits such as pension, provident fund (PF), and health insurance. The Modi government is preparing to introduce a new policy aimed at providing social security to gig workers across India. The Ministry of Labor is planning to announce the policy before the Union Budget, which is set to be presented by February 1. A Big Win for Gig Workers: Pension and PF Coming Soon Gig workers, such as delivery agents, typically do not receive the same…
China has recently introduced two major financial schemes aimed at injecting liquidity into its market and stabilizing the economy. The country’s central bank, the People’s Bank of China (PBOC), launched these initiatives as part of a broader effort to revitalize the capital markets amid slowing economic growth. These moves, amounting to around Rs 15 lakh crore, could have ripple effects not just within China but across global markets, including India. China’s Latest Financial Boost: What Are the Schemes? The People’s Bank of China announced two new schemes— the Swap Scheme and the Relending Scheme—designed to provide liquidity and stability to…
The Indian stock market witnessed a significant decline as the Sensex fell by 375 points on Friday, leading to a loss of ₹3 lakh crore for investors. The market has been under pressure, with continuous selling for the fourth consecutive day. Nifty also saw a decline of 114 points, trading at 24,635. Various sectors, including FMCG, IT, and Oil & Gas, faced heavy losses, and broader market indices like the BSE Midcap and Smallcap saw declines of 0.75% and 1.25%, respectively. The market sentiment remained largely negative, with all sectoral indices except banking showing losses. Here are the five key…
Ratan Tata, the former chairman of Tata Group and one of India’s most respected industrialists, passed away recently, leaving behind a fortune of Rs 7,900 crore. Much of his wealth will be used for charity and social causes, as per his wishes. Tata, who was a firm believer in giving back to society, had planned his will carefully, ensuring that his wealth will benefit the larger community. Who Will Oversee Ratan Tata’s Will? According to sources, Tata appointed four trusted individuals to execute his will and ensure that his wealth is distributed as per his vision. These include his close…
With a report expected soon, the National Testing Agency plans major updates in NEET, JEE, CUET, and UGC NET 2025, aiming for stricter security and updated exam formats. The National Testing Agency (NTA), responsible for conducting some of India’s biggest entrance exams like NEET, JEE, UGC NET, and CUET, is gearing up for major changes in the upcoming 2025 exam sessions. After recent controversies and irregularities, the NTA has formed a committee to improve the way these competitive exams are conducted. The report from this committee, expected on October 21, could bring new guidelines and stricter security measures that will…
ICICI Prudential Mutual Fund, one of the largest mutual fund houses in India, has delivered impressive returns through its top 6 equity schemes over the last year. These funds, focusing on sectors like PSU, healthcare, infrastructure, innovation, manufacturing, and logistics, have provided returns ranging from 53% to 67%. If you’re looking for high-growth investment opportunities, these funds might be worth considering. Here’s a detailed look at these top-performing equity funds and their remarkable performance over the past year. 1. ICICI Prudential PSU Equity Fund: Leading the Pack with 67.77% Returns This fund focuses solely on public sector companies like State…
Debt mutual funds have become a reliable investment option for those who seek stability with returns better than fixed deposits (FDs). These funds invest in fixed-income securities like government bonds, treasury bills, and corporate bonds, offering an option for investors who prefer less risk than equity markets. With fluctuating interest rates, some debt funds have outperformed expectations, delivering 10-24% annualized returns on 5-year SIP investments. For investors looking for better returns without taking high equity risks, debt funds present an attractive alternative. Here are five debt funds that surprised everyone with their performance over the past five years. 1. Bank…
The SBI Magnum Children’s Benefit Fund has gained attention by multiplying investors’ money four times in just four years. Introduced by SBI Mutual Fund, this scheme aims to help parents build a secure financial future for their children. Offering both lump sum and SIP (Systematic Investment Plan) options, the fund has delivered impressive returns, making it a preferred option for long-term savings. Key Highlights of SBI Magnum Children’s Benefit Fund This open-ended scheme is focused on generating capital growth for children’s education and important life events. It comes with a lock-in period of at least 5 years or until the…
In a shocking case from Bengaluru, eight employees of Axis Bank’s Nagarbhavi branch, including the manager and three sales executives, were arrested for defrauding customers of ₹97 crore. The accused exploited customer trust by using their personal information, offering fake schemes, and making unauthorized transactions. Inside the Scam: How Customers Were Trapped The scam came to light after a complaint by Shanti, a resident of Bengaluru. She told the police that she had received an email from the bank, claiming her credit card was being upgraded with an exclusive offer. The offer seemed attractive, promising vouchers in exchange for a…
The Central Board of Direct Taxes (CBDT) has taken an important step to help salaried employees reduce the Tax Deducted at Source (TDS) from their salaries. With the introduction of Form 12BAA, employees now have an easy way to inform their employers about other income sources where TDS or Tax Collected at Source (TCS) has already been deducted. This will help them avoid excessive TDS on their salary, thus improving their take-home pay. Starting from October 1, 2024, this new form allows employees to submit their TDS and TCS details from other sources to their employers, enabling a smoother and…