Water Shortage Detrimental To India’s Credit Health, May Spark Social Unrest: Moody’s

[ad_1] Moody’s Ratings on Tuesday said India’s growing water shortage can disrupt farm and industry sectors and is detrimental to the credit health of the sovereign as rising food inflation and decline in income may spark social unrest. It said decreases in water supply can disrupt agricultural production and industrial operations, resulting in inflation in…

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Budget 2024 Expectations: From Tax Relief, Old Pension Scheme To 8th Pay Commission

[ad_1] FM Nirmala Sitharaman (File photo) Budget 2024: The demands include relief in income tax at the lower end of income slabs, streamlining employment inked incentive schemes like PLI Union Budget 2024: As India gears up for its full budget announcement for the financial year 2024-25, stakeholders from various sectors eagerly await the government’s fiscal…

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Finance Ministry To Meet PSB CEOs, To Review Progress Of Financial Inclusion Schemes

[ad_1] The status of inoperative accounts under PMJDY and issuance of RuPay cards will also be reviewed. (Representative image) Finance ministry has called a meeting of heads of Public Sector Banks to review progress of financial inclusion schemes, including PM Vishwakarma, Jan Suraksha The finance ministry has reportedly called a meeting of heads of Public…

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Lottery-Like Taxation On F&O Trading: Why Is Govt Likely To Impose Higher Tax In Upcoming Budget 2024?

[ad_1] As Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2024-25 next month, reports are floating that the government is planning to impose higher tax on futures and options (F&O) trading. According to a Financial Express report citing sources, the government is considering two significant steps — reclassifying F&O income from ‘business…

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What Is Unit Linked Insurance, Why ULIPs Can’t Be Advertised As Investment Product?

[ad_1] A ULIP, or Unit Linked Insurance Plan, is a financial product that combines life insurance coverage with investment options. (Representative image) Unit-linked or index-linked insurance products shall not be advertised as ‘investment products’, IRDAI said in a master circular dated June 19. The Insurance Regulatory and Development Authority of India (IRDAI) recently issued a…

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