Tag: Money

May 17

Irdai forms task force to facilitate ease of doing KYC using Aadhaar

Regulator Irdai has constituted a task force to facilitate ease of doing Know Your Customer (KYC) by insurers using Aadhaar, the 12-digit individual identification number. In a circular, the Insurance Regulatory and Development Authority of India (Irdai) said presently, the UIDAI framework allows insurance companies to indentify the customer by using his/her Aadhaar with consent […]
Jul 7

5 money management lessons for millennial fathers

As one of the fastest developing economies in the world, India is at the center of global interest. Investors and institutions vying for the India opportunity are prompting an uptick in income and status levels among the working Indians. Millennials, comprising 46% of the workforce at present, are the primary beneficiaries of this development. Based […]
Jun 3

Govt nod to 8.1% EPF interest rate for 2021-22

The Employees’ Provident Fund Organisation (EPFO) will soon start crediting 8.1% rate of interest for 2021-22 to its members as the finance ministry has ratified the rate proposed by the retirement fund body in March. In March, the Central Board of Trustees (CBT), the highest decision-making body of the EPFO, decided to lower the interest […]
May 31

Rents in India increase as people return to offices

Rents in the residential market in India increased 4% quarter-on-quarter for the three months ended March 2022, signalling an improvement in the rental housing market with offices opening and people returning to their base work locations. According to a report by Magicbricks, searches for rented accommodations in India increased 15.8% sequentially and 6.7% year-on-year in […]