Personal loans are a widely used financial tool in India, offering quick access to funds for a range of purposes—be it education, healthcare, home construction, or even to repay other outstanding loans. However, how these funds are treated under the Income Tax Act has always raised questions among borrowers. Many wonder whether personal loans are … Read more
When it comes to money, Indians love rules of thumb. From age-old wisdom about gold being the ultimate store of wealth to modern investment shortcuts like the ‘100-minus-age’ rule for equity allocation, heuristics help simplify complex financial decisions. These mental shortcuts are useful but not foolproof—sometimes, they can lead to costly mistakes. The key is … Read more
A credit score of 600 is not considered outstanding, which makes getting a personal loan in India more difficult but not entirely impossible. A score of 600 is generally considered fair, meaning lenders and financial institutions may consider you a high-risk borrower. Even considering these risk factors, some non-banking financial institutions (NBFCs) and select traditional … Read more
After a successful debut in Bengaluru, Mint Horizons, a premium masterclass series on global investing, is now headed to Mumbai, India’s financial capital. The second edition of this thoughtfully curated event will take place on April 11 at the MCA Bandra Club, BKC, starting at 7 PM. Full details can be found here. The event … Read more
Due to the wave of global inflation, interest rates have remained relatively high, along with a significant increase in living costs over the past few years. This has prompted Indian homeowners to reconsider their long-term financial commitments. One powerful way to take control of your financial health and significantly reduce your overall debt burden is … Read more
On paper, this sounds like a smooth strategy. But as with most things involving tax, the devil lies in the details. Let’s break down what this GST input tax credit (ITC) really means — and why blindly following such advice could cost you more in the long run, not just in money but also peace … Read more
Financial advisors sold her an unlisted debenture, promising good returns. When it came time for her to pay for her daughter’s fee, she found that the investment was illiquid. Later, she told the PPFAS team that she had no other option but to sell units in the PPFAS flexi-cap scheme to pay for her daughter’s … Read more
Credit card spending in the country witnessed a seasonal decline in February 2025, registering a 9 per cent month-on-month (MoM) drop to ₹1,672 billion. This is the lowest registered figure, according to data provided by Asit C Mehta Investment Intermediates Ltd (ACMIIL). However, on a year-on-year (YoY) basis, card spending jumped 12 per cent, even … Read more
UPSC NDA 2025 admit card released: Union Public Service Commission, UPSC, on Thursday released the admit card for the National Defence Academy (NDA), and Naval Academy (NA) examination (1), 2025 on its official website UPSC at upsc.gov.in. The applicants applying for National Defence Academy (NDA) and Naval Academy (NA) examinations can download their hall tickets … Read more
Visa has reportedly offered Apple a whopping $100 million to take over the tech giant’s credit card partnership, replacing Mastercard, reported Reuters quoting Wall Street Journal on Tuesday, citing sources familiar with the matter. Visa has made a bold push to secure the Apple Card, offering an upfront payment typically reserved for the largest card … Read more