A term insurance plan needs to be reviewed and added to at different stages in life We all will agree with the premise that our financial goals and needs keep changing at different phases of our lives. To stay financially secure during all these phases, it is important to have a term life insurance plan. Term insurance that provides a […]

Inflation to dip below 6% soon, but stay in 5-6% range: CEA Chief Economic Adviser (CEA) Krishnamurthy Subramanian acknowledged on Thursday that some parts of the economy may be witnessing a K-shaped recovery, as smaller firms and urban poor had been hit harder by the pandemic, but stressed that India’s overall economic rebound remains V-shaped. Also, retail inflation would slip […]

India’s gold demand increased by 19.2% to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the nationwide lockdown that hit economic activity last year, the World Gold Council (WGC) said in a report. The overall gold demand during the second quarter of 2020 calendar year stood at 63.8 tonnes, according to the […]

Cabinet approves deposit insurance law amendments on lenders in moratorium Depositors in ailing banks such as PMC Bank may get some relief soon, with the Cabinet on Wednesday clearing amendments to the country’s deposit insurance law to return up to ₹5 lakh of their savings within 90 days of the central bank’s imposition of a moratorium on a bank’s operations. […]

Nirmala Sitharaman on Monday announced a new loan guarantee scheme for tourism sector The impact of the relief package announced by Union Finance Minister Nirmala Sitharaman for travel agents would be “minuscule”, as it covered only those who were registered with the Ministry of Tourism and left out a vast majority of those who were affiliated with State tourism boards […]