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.
The central government has announced an important update for Provident Fund (PF) account holders, allowing higher withdrawal limits during emergencies. Union Labor and Employment Minister Mansukh Mandaviya revealed that the withdrawal limit from PF accounts has now been increased from ₹50,000 to ₹1 lakh. This is great news for members of the Employees’ Provident Fund Organization (EPFO), as the change provides better financial flexibility in case of emergencies like medical treatments, education, or urgent family needs. Immediate Access to PF Funds for Emergencies In addition to increasing the withdrawal limit, the government has also relaxed several rules related to PF…
The US Federal Reserve recently made a significant move by cutting its interest rates by 50 basis points on September 18, marking the first rate reduction in the past four years. This decision, while aimed at addressing concerns over the US economy, has sent ripples through global markets, including India. Experts believe that while this aggressive rate cut may provide temporary support to Indian equity markets, there are concerns about the possible implications of an economic slowdown in the United States. Initial Market Reactions: GIFT Nifty and Indian ADRs Respond Immediately after the Fed’s announcement, the GIFT Nifty futures on…
Getting your PAN (Permanent Account Number) card is now easier than ever with online applications. PAN is an essential document for all financial activities in India, including filing taxes, opening a bank account, taking loans, or making investments. Whether you are an Indian citizen, NRI, or OCI, you can easily apply for a PAN card online and have it delivered to your home. Here’s how to do it: How to Apply for PAN Card Online You can apply for a PAN card through two primary portals: NSDL (now called Protean eGov Technologies Ltd) or UTIITSL. Both websites offer a seamless…
The interest of Indian investors in Greece’s real estate market has seen a sharp rise in recent months, especially due to the recent changes in Greece’s Golden Visa Programme. Starting from September 1, new rules have made it mandatory for foreign investors to double their investment if they want to acquire permanent residency in Greece. New Investment Requirements for Greece’s Golden Visa Previously, an investment of approximately Rs 2.5 crore in Greek real estate was enough for Indian investors to secure permanent residency in the country. However, the new rules have significantly increased this amount. To gain permanent residency in…
India’s agricultural sector has been evolving rapidly, with farmers constantly seeking ways to increase their income. One crop that has been gaining immense popularity and can bring in four times the profit of its cost is baby corn farming. With increasing demand from urban markets, including high-end restaurants and food chains, this crop has the potential to turn into a goldmine for Indian farmers. Why Baby Corn? Understanding Its Growing Demand Baby corn is not just another vegetable; it’s packed with nutrients like carbohydrates, protein, calcium, and vitamins. It can be consumed both raw and cooked, making it a versatile…
Zomato, one of India’s leading food delivery platforms, has found itself in hot water after receiving a hefty ₹17.7 crore GST demand. This notice, issued by the Assistant Commissioner of Revenue in West Bengal, is related to the non-payment of GST on delivery charges. Along with the tax amount, Zomato has also been asked to pay interest and penalties. Breakdown of the ₹17.7 Crore Demand The GST demand is for the period from April 2021 to March 2022. According to the details shared by the company, the total amount consists of: Despite the hefty demand, Zomato is confident in its…
Indian cricket star Rishabh Pant has made headlines not for his on-field performance, but for a strategic investment. Pant, who is known for his aggressive batting and wicketkeeping, has now taken a step into the world of tech startups by investing Rs 7.4 crore for a 2% stake in TechJockey, an online software marketplace. This investment has boosted the company’s valuation to Rs 370 crore. Rishabh Pant’s Interest in Technology and Business Pant expressed his enthusiasm about his latest venture, sharing that his decision to invest in TechJockey was driven by its mission to simplify the IT purchasing process for…
India’s economy is on track to grow at a rapid pace, and it could double its size by 2030, according to BVR Subrahmanyam, CEO of NITI Aayog. Speaking at an event organized by the Public Affairs Forum of India (PAFI), he highlighted that the country’s ambition to become the third-largest economy by FY 2026-2027 will need a clear and strong strategy. Currently, India stands as the fifth-largest economy in the world, valued at approximately $3.7 trillion in nominal US dollar terms. India’s youthful population by 2047 will fuel growth By 2047, India will have one of the youngest populations in…
Applying to withdraw money from your Employees’ Provident Fund (EPF) can be a straightforward process if you follow the correct steps. However, mistakes and mismatched details can lead to your application being rejected by the Employees’ Provident Fund Organisation (EPFO). By keeping a few important things in mind, you can avoid these issues and ensure your application is processed smoothly. Update Your Employment Record Correctly One of the main reasons EPF withdrawal applications get rejected is due to incorrect or outdated employment records. Every time you change jobs, your new employer updates your details with the EPFO. It is crucial…
The US Federal Reserve (Fed) is expected to make a significant decision on its interest rates, and this could have a domino effect on the global economy. For Indian borrowers, especially those with home, personal, or auto loans, this could be a crucial moment. A rate cut by the US Fed could eventually lead to cheaper loans in India, but the real question is—how soon will this happen? Let’s break it down. Why Do Central Banks Raise Interest Rates? To understand the potential impact of a US Fed rate cut, it’s essential to know why central banks raise interest rates…