Budget 2020

Soon you can transfer money between digital wallets, prepaid cards beyond UPI

You can soon transfer money from one digital wallet to another seamlessly, regardless of the service provider. This is because the Reserve Bank of India (RBI), as part of its bi-monthly monetary policy review, has proposed to make interoperability mandatory for full-KYC prepaid payment instruments (PPIs) and for all acceptance infrastructure. At present, there are […]

Budget 2020

Melt up? More money poured into stocks in past five months than last 12 years

LONDON: Equity funds have attracted more than half a trillion dollars in the past five months, exceeding inflows recorded over the previous 12 years, according to data from BofA, which has likened the stampede to a “melt-up” in markets. The flows are also raising fears of a pullback from record highs, given valuations are at […]

Budget 2020

RBI money policy: EMIs stable, call for tax cut on fuel & other takeaways

NEW DELHI: The Reserve Bank of India on Wednesday tried to strike a conciliatory note by delivering on the expectations and extending an olive branch to bond traders, who had been revolting in the recent past. The Monetary Policy Committee of RBI decided to keep the policy rate unchanged, maintained growth projections, pledged to keep […]

Budget 2020

MF portfolio doctor: Sen needs to increase mutual fund SIP amount to achieve money goals

Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance […]

Budget 2020

Money & relationships: 4 ways parents can deal with teenager’s money issues

Raising children is a difficult task at the best of times, but the real test of parenting skills occurs during teenage years. Raging hormones and rebellion coupled with peer pressure and emotional fragility in a child can create an explosive situation if not handled with care. Add to it financial issues, and it seems virtually […]

News Headlines

Rahul Gandhi hits out at Centre over rising fuel prices

Congress leader Rahul Gandhi on Monday lashed out at the BJP-led government at the Centre over rising prices of fuel, alleging it was forcibly taking money from the pocket of people to try and run the government. Interacting with students of St Teresa’s College, an autonomous women’s college, here, Gandhi blamed the government’s mismanagement for […]

Budget 2020

Days of making ‘easy money’ may be getting over in this market

MUMBAI: In a year ravaged by the Covid-19 pandemic that brought the economy to its knees, the Indian equity market is all set to register its best performance for a financial year in more than 16 years with gains likely exceeding 74 per cent. The jaw-dropping performance for domestic equities has been driven by aggressive […]