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Regulatory Exposure of High-Net-Worth Families under the Black Money Law:

Business And Economic News, Government Policy & Regulations and Taxation, Personal Finance / Leave a Comment

Regulatory Exposure of High-Net-Worth Families under the Black Money Law: High-Net-Worth (HNW) families in India face significant regulatory exposure under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA) for any undisclosed foreign assets or income. The law imposes stringent penalties, high tax rates, and potential criminal prosecution, with […]

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Key Provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 to come into effect from 1st November 2025:

Government Policy & Regulations and Taxation, Personal Finance / Leave a Comment

Key Provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 to come into effect from 1st November 2025: Effective from November 1, 2025, the Banking Laws (Amendment) Act, 2025 permits up to four nominees for bank accounts, safe custody articles, and lockers, with options for both simultaneous and successive nominations. Simultaneous nominations allow

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Stop Scams Before They Start: Protect Your Money and Accounts from Scamsters

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Stop Scams Before They Start: Protect Your Money and Accounts from Scamsters Your money will be safe if you stay alert, follow a few smart rules, and treat your bank account like a high-security vault. Scams are becoming smarter and more convincing every month a fake link, a “SIM upgrade,” or an urgent OTP request

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Maintaining a good credit score is essential, and here’s how to do it!

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Maintaining a good credit score is essential, and here’s how to do it! Maintaining a good credit score is indeed essential for securing loans, credit cards, and sometimes even housing or employment opportunities. Here are the key strategies for building and maintaining a strong credit score: Use Credit Responsibly: Keep credit card balances low and

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Credit Card Debt Trap: A Wake Up Call for Financial Discipline

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Credit Card Debt Trap: A Wake Up Call for Financial Discipline A credit card debt trap is a dangerous cycle of borrowing that arises when individuals use credit cards irresponsibly and consistently fail to pay their balances in full. This leads to a continuously mounting debt due to high-interest charges and fees, creating a situation

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Tax Tangle: Why Infosys Promoters Rejected ₹18,000 Crore Buyback Offer

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Tax Tangle: Why Infosys Promoters Rejected ₹18,000 Crore Buyback Offer Infosys recently announced a massive ₹18,000 crore share buyback at ₹1,800 per share, but its promoters, including Nandan Nilekani and Narayana Murthy, chose not to participate. Infosys promoters rejected the company’s ₹18,000 crore buyback offer because of recent tax changes that make selling shares through

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Investing in Your 20s and 30s: Build the Foundation That Builds Your Freedom

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Investing in Your 20s and 30s: Build the Foundation That Builds Your Freedom A reader once asked: Everyone says ‘start investing early,’ but I don’t know what I’m doing. Should I buy stocks? A house? Go aggressive while I’m young? When I was in my 20s, I believed that getting rich was a race, the

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New Banking Change: Multiple Nominations, Clearer Succession & Stronger Governance from Nov 1, 2025

Business And Economic News, Government Policy & Regulations and Taxation, Personal Finance / Leave a Comment

New Banking Change: Multiple Nominations, Clearer Succession & Stronger Governance from Nov 1, 2025 Starting November 1, 2025, India’s banking landscape will see a major shift under the Banking Laws (Amendment) Act, 2025.. giving depositors more control, clarity, and protection over their money and nominations. Effective November 1, 2025, the Banking Laws (Amendment) Act, 2025,

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9 Lessons That Changed How I See Wealth.

Habits of the Highly Successful, Personal Finance / Leave a Comment

9 Lessons That Changed How I See Wealth. Wealth is more than just money; it encompasses a sense of control over one’s time, peace of mind, health, strong relationships, and the freedom to live a life aligned with your values and passions. It includes intangible assets like experiences, memories, and inner contentment, which money cannot

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Save Taxes, Secure Your Child’s Future: The Smart Way to Invest

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Save Taxes, Secure Your Child’s Future: The Smart Way to Invest To save taxes and build a secure financial future for your child, consider a combination of government-backed schemes, insurance products, and mutual funds. Starting early is key to maximizing the power of compounding and accumulating a substantial corpus over time. As a parent, you

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