UPI At 10: From Financial Access To Financial Participation
For consumers, mobile phones turned the bank account into something that could travel with them. For merchants, QR codes lowered the threshold for accepting digital payments
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India Plans To Launch First Tokenised Corporate Bond Issue In September
India plans its first tokenised corporate bond issue in September, using blockchain and digital rupee for bond issuance and settlement
Sebi Standardises Cyber Reporting As Market Entities Face Rising Threats - Here's What Changes
Sebi has aligned its cyber incident reporting portal with the global FIRE format. Existing reporting deadlines remain unchanged, while entities can now submit reports in stages
The data showed that participation of women investors in B30 cities (beyond the top 30 cities in terms of mutual fund investment) has outpaced the participation of women investors in T30 cities (the top 30 cities in terms of mutual fund investment)
8th Pay Commission: Latest Update On 2.1 Fitment Factor And Salary Hike
The 2.1 fitment factor remains an estimate as the 8th Pay Commission continues stakeholder consultations
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The proceedings dropped by Sebi in its latest order originated from a show cause notice (SCN) issued in October 2024. The notice was issued following a probe into share transactions between Max Financial, Max Life, and Axis Bank between the financial year 2009 to 2022
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Calculate & Plan your future with ICICI Prudential Life's retirement calculator
A tiny shortfall on a credit card bill can raise a bigger question: when does a few paise become an unpaid amount under RBI rules?
Irdai’s action against four insurers over expense-limit breaches points to closer regulatory scrutiny, though experts do not expect any immediate impact on their existing business networks
A Karnataka High Court case involving a family heirloom has put the tax treatment of gifts between same-sex partners under scrutiny, with implications beyond the bracelet itself
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Crises In The Making
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
The Best Health Insurance Strategy For Seniors
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
The Financial Burden Of Health Issues
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).
Is Ayushman Bharat Yojana A Complete Solution In Itself?
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
We Need To Move From Products To Solutions For Seniors, Says Vibha Padalkar
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
The Bombay High Court ruled that an employee’s salary cannot be withheld even if an employee had refused to contribute to the National Pension System (NPS), emphasising that it is not compulsory for teachers as per the rules
