Banking

PayPal hikes cross-border remittance cap to USD50,000

PayPal has increased the limit of cross-border remittances to USD50,000, from USD25,000 in 2018 and USD10,000 in 2017, to keep up with demands of US...

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Other Insurance

Cars may soon become theftproof as technology has improved

It would soon become almost impossible for car thieves to dispose off a stolen car even after dismantling

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Banking

SBI offers more services for senior citizens

State Bank of India (SBI) has launched priced ‘doorstep banking’ for senior citizens over 70 years of age, as also for differently-abled...

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Loans

LIC Housing Finance to offer home loans up to 75 years of age

LIC Housing Finance (LICHFL) is now offering home loans that can be repaid up to the age of 75

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Tax

Income tax exemption limit on gratuity doubled to Rs20 lakh: Labour Minister

The labour ministry said that the income tax exemption limit on gratuity has been doubled to Rs20 lakh from the existing Rs10 lakh, a move that will...

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Consumer Issues

Compensation of up to Rs20,000 if you have been denied boarding or an alternative flight

Air passengers in India will soon be able to claim compensation for delays, cancellations or if boarding is denied by the airline, as the government...

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Retirement

Special allowance part of basic salary for PF calculations: SC

In what will have financial ramifications for establishments, the Supreme Court ruled that employers cannot segregate ‘special allowance’...

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Tax

CBDT sets up panel to help bring down tax litigation

The government is looking to address taxation-related pain points and cut down the number of tax litigations, while focusing on some of the major...

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Life Insurance

Your insurance premium is likely to cost less from April 1

Working-age Indians may have to pay less to buy life insurance in the next fiscal year, with the industry switching to the latest statistical tables...

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