A fake AI-generated video falsely shows Union Minister of Finance Nirmala Sitharaman promoting an investment scheme. PIB Fact Check has cautioned citizens against such online scams
If more than two of your houses are self-occupied, you have to include notional rent in your income for those houses. Since there isn't much income in the HUF, why don’t you dissolve it? The exemption can also be claimed for investing in an under-construction property
Diversifying across borrowers, sectors and risk profiles can reduce concentration risk in P2P lending, but lenders must also assess platform quality, underwriting standards, and credit risk before lending
Hyderabad Police has registered two separate cases under the BNS and Information Technology Act, 2000 against Apple Store and Telegram officials. The cases relate to alleged digital fraud involving nearly Rs 21 lakh through their platforms
As India enters a new phase of credit boom with formal lending moving beyond metros and salaried borrowers into smaller towns and informal-income households, the focus towards financial inclusion should not be simply reaching more borrowers, but rather reaching them with credit that fits their lives and improves resilience. India’s digital public infrastructure gives lenders a unique advantage to help formal credit replace informal and exploitative borrowing
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Gold prices eased from a two-week high as investors booked profits ahead of the US Fed meeting. Read on to understand the factors behind the decline
Calculate & Plan your future with ICICI Prudential Life's retirement calculator
AIF lock-in periods are designed to give fund managers time to build value and exit investments strategically. Here's how hard and soft lock-ins work, why they matter, and what investors should check before investing.
Borrowing can help you achieve important financial goals, but common mistakes such as over-borrowing, missing EMI payments, ignoring hidden charges and making multiple loan applications can hurt your credit score and make future borrowing more expensive.
If more than two of your houses are self-occupied, you have to include notional rent in your income for those houses. Since there isn't much income in the HUF, why don’t you dissolve it? The exemption can also be claimed for investing in an under-construction property
India is in the midst of a major flux, and faces challenges at two opposite ends of the generation spectrum. The first is shrinking job opportunities for the youth and the second is the estimated boom in senior citizen population
Health insurance is the first defence against medical expenses in old age. Though high premiums and exclusions are a challenge for seniors, opting for certain combinations and making small adjustments can sweeten the deal. But never trade off comprehensive coverage for lower premiums
In India, most senior citizens are dependent on their family or other for maintenance as the large part of the population does not access any form of pension (see High Dependency Among Seniors). At the same time, many of them suffer from chronic diseases, whose treatment can be costly and unaffordable for the dependent segment (see Threat Of Chronic Diseases). Lack of health insurance and non-hospitalisation expenses (which are, typically not covered by standard health policies) are resulting in high out-of-pocket expenditure and contributing to high indebtedness (see Lack Of Cover Leads To Indebtedness).
The Ayushman Bharat Yojana provides a cover of Rs 5 lakh to those above 70 years, irrespective of their health condition and socio-economic background, but that solves only part of the affordability problem
Vibha Padalkar, MD and CEO of HDFC Life Insurance, talks about why insurance penetration is still low in India, why seniors end up buying the wrong insurance product, the innovations we can expect in the future and how frequent regulatory changes can deter the flow of foreign money in the industry. Edited excerpts from an interview with Nidhi Sinha, Editor, Outlook Money
Bank of Maharashtra (BoM) revised its fixed deposit (FD) rates on July 27, 2026. The bank is offering two special FDs, in addition to its regular FD schemes, one of which is offering the highest deposit rate of 7.15 per cent to senior citizens
