New changes in Insurance Act

The government has announced significant changes in The Insurance (Amendment) Bill 2022. There has been a demand to provide a composite license to insurers for a long time. The composite license will allow insurers to take business of general and health insurance via a single entity.   “The proposed amendments primarily focus on enhancing the […]
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How to use your credit card reward points smartly?

Being a credit card user, you must know about reward points. Many of you know how to use reward points smartly. However, many credit card users are unaware of using credit card reward points optimally.   Post pandemic 2020, every aspect of our lives has been changed such as, lifestyle, financial habits, spending and shopping […]
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How to tackle errors in Credit Reports?

A credit report is not just a piece of paper. But it is an important document in the lending-borrowing process. It is a summary of information about all your existing and past credit accounts. Credit accounts include everything from credit cards to mortgages, student loan repayments, and any other loan that is reported to these […]
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Key Amendments in GST in Finance Bill 2023

Recently the finance bill 2023 was passed in the Lok Sabha with a total of 64 official amendments proposed in the bill. These will include clarifications and also measures to take the sting out of some of the tax proposals announced in the budget and also include setting up a committee under the finance secretary […]
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Amendments in Banking Law

The union budget for 2023-2024 is declared with the vision of empowering an economy that is knowledge-based with strong public finances and a robust financial sector. The Union Budget has proposed certain amendments to the Banking Regulation Act, the Banking Companies Act, and the Reserve Bank of India Act to improve bank governance and enhance […]
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Know about the UPI-Pay Now interlinkage facility

Customers of selected banks from India and Singapore will be able to undertake cross-border remittances. At present, there is a daily limit of Rs 60,000 (around SGD 1,000). The Reserve Bank of India (RBI) and the Monetary Authority Singapore (MAS) recently announced the UPI- Pay Now linkage – the real-time payment system linkage between India’s […]
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The Budget Highlights 2023 for Banking and Finance Sector

The previous budget 2022 has focused on digital and technology to gear up the banking and finance sector which has helped the sector to scale, better and faster service delivery, ease of access to credit and participation in the financial market. The budget 2023 proposes further measures to continue the digitalization as part to reform […]
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Know How of Identity Theft and Signs of Identity Theft

It is an extremely stressful situation when you find out that you are the victim of identity theft or some other type of credit score malfunction. It is costly in terms of lowering your creditworthiness. Though you are financially protected, you are still an identity theft victim. It takes significant action and commitment on your […]
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Taxation Highlights 2023

The Union Budget 2023 presented in February. The budget was no exception as it rewrapped with old schemes in new avatar. However, finance minister Nirmala Sitharaman has announced five major changes for tax payers. Tax rebate limit is raised to ₹7 lakh from ₹5 lakh. The new tax rates are as below. Income Slab Income Tax Rate […]
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