500% TARIFF = INDIA–USA TRADE EARTHQUAKE Bill Threatening 500% Tariff on India for Russian Oil Trade Gets Trump’s Nod. A major escalation risk has emerged in global trade and geopolitics. US President Donald Trump has “greenlit” the bipartisan Graham–Blumenthal Russia Sanctions Bill, which if passed could allow the U.S. to impose tariffs up to 500% …
Using A Simple Interest Calculator To Understand Basic Return Scenarios When planning investments, understanding how returns are calculated is often the first step. While markets and instruments vary widely, some investors begin by exploring basic interest concepts before moving to more complex approaches. In this context, a simple interest calculator may help you understand how …
Delaying Term Insurance Can Cost You: Premiums Rise 50% in 5 Years. Making the right financial decision at the right time is very much like catching the right train. Miss it, and the next option often costs more and arrives later. The same applies to term insurance. Many people delay buying a policy, telling themselves …
Overview of CBDT’s Warning Fraudulent Deduction Claims on Donations CBDT has launched a press release as part of an awareness campaign to combat fraudulent deduction claims in income tax returns, particularly those u/s 80GGC (donations to political parties) and 80G (donations to charitable institutions). This targets bogus claims filed through intermediaries who issue fake receipts …
Car Insurance for Electric & Hybrid Vehicles: What You Should Know Electric and hybrid vehicles are rapidly gaining popularity in India as more people embrace sustainable mobility and look for greener alternatives to traditional fuel-based cars. These vehicles not only help reduce carbon emissions but also offer long-term savings on fuel and maintenance costs. However, …
How to Build a Strong CIBIL Score – Step-by-Step Guide for New Customers Your CIBIL score is a 3-digit number (300–900) that reflects your credit behaviour. A good credit score improves your chances of getting home loans, personal loans, and credit cards often with lower interest rates. In India, the CIBIL score ranges from 300–900, …
Current Account Rules & Transactions to Avoid Scrutiny Applicability of Current Accounts : Current accounts are generally used by businesses, professionals, and entities for frequent and high-value transactions & No interest is paid on balances (unlike savings accounts). Subject to stricter Income Tax and RBI compliance checks because of large inflows/outflows. Following are the basic …
Commissions to own subsidiaries, which makes mis-selling by banks The numbers from FY24 commissions show a massive reliance by banks on distribution income especially from their own subsidiaries, which makes the “mis-selling” concern very real. Let’s break it down: 1. HDFC Bank alone earned nearly 30% of the total commissions (INR 6,467 cr out of INR …
India–UK FTA recently signed by PM Modi India–UK Free Trade Agreement recently signed by PM Narendra Modi and UK PM Keir Starmer after 3 years of negotiations. Here’s a clear breakdown of its implications: As per Shri Piyush Goyal:“This CETA marks a milestone in the trade relations between two major economies… It unlocks tariff-free access …
Disclosure Pre-existing diseases when taking health insurance Overview of the disclosure requirements for pre-existing diseases when applying for health insurance in India, along with the rules on moratorium period and waiting period as per IRDAI guidelines. Pre-existing diseases are medical conditions or illnesses that insured person was already suffering from at time of purchasing health …