The Unique Identification Authority of India (UIDAI) is looking at using smartphones as “universal authenticator” to establish a resident’s identity, a top official said on Wednesday. At present, finger prints, iris and one-time password (OTP) are used for authentication and efforts are on to increase the scope of the same, its chief executive Saurabh Garg said, addressing the ‘ETBFSI Converge’ summit. “We are looking at how the smartphone can develop as a universal authenticator. That is an area of work that is ongoing and we hope we will be able to proceed rapidly in that direction. It will help people…
Author: Miley Selena
Soon, you will not have to worry about transferring pr merging your Employees’ Provident Fund (EPF) account when you are changing jobs. This is because the Employees’ Provident Fund Organisation (EPFO) has approved the development of centralised IT-enabled systems by C-DAC. This centralised system will facilitate the de-duplication and merger of all PF accounts of members. It will remove the requirement of transfer of EPF account whenever a member changes jobs. This decision was approved in a meeting of the Central Board of Trustees (CBT) held on November 20, 2021. Currently, as per the EPF rules, once a member changes…
Dabbling in IPOs? Run these 5 investment checks Read more: EconomicTimes
You just sold some property and have a large amount in your bank. Or you booked profits in stocks and are sitting on cash. Or maybe you want to save for an important financial goal that’s round the corner. Whatever the situation, you are looking for a safe investment avenue that gives assured returns. Falling interest rates and changes in tax rules have altered the fixed income landscape in the past 2-3 years. The five-year fixed deposit rate of SBI has dropped from 6.85% in late 2018 to 5.40% now. But interest from fixed deposits is fully taxable, and post-tax…
The warning signs are many in the stock market today. High valuations, a large number of IPOs hitting the market and now high historical returns. The point-to-point returns calculations can be misleading due to the starting point selected. While the Sensex has generated 37% returns during the past one year, its one-year return was 68% in March 2021 because of the turmoil in March 2020. Calculating returns based on systematic investment plans Read more: EconomicTimes
SynopsisTill now, investors seeking broad market exposure under one umbrella could invest in any fund tracking the Nifty500 index, which, however, leaves out stocks belonging to the microcap segment. This is where the total market index comes in.Do you wish to bet on the entire stock market, without nitpicking any market cap segment or theme? You can soon do that. Navi AMC has become the first to file for a total market index fund—which puts money in stocks across the entire market capitalisation spectrum of large-, mid-, small- and also micro-cap companies. Is a total market index fund enough for…
If the FII selling accelerates, retail investors may also stop buying and that is the time we may see a price correction.Synopsis”We have not seen any correction during the last six quarters and it may come when least expected. Not sure whether it will be price correction or time correction and whether it will be triggered by global or local events.”With regular dips and bounce back in the broader market indices, we are possibly already in a time correction, Shyamsunder Bhat CIO, Exide Life Insurance tells ET Wealth. What is your stock market outlook now? We were overweight till three…
Divorce can be one of the most traumatic developments not only for the husband and wife, but also for children, if any. It’s worse if there is no mutual consent over the child’s custody. In case of acrimony between the spouses over the child’s custody, the family court decides who gets to keep the child as per the Guardians and Wards Act, 1890. If there is a conflict with the personal laws, the court gives primacy to the interests and welfare of Read more: EconomicTimes
Each week, our experts answer readers’ queries related to the division of assets, will, succession and more. Here are this week’s estate planning dilemmas from our readers. I and my husband have separated after four years of marriage and we have a two-year old son. My husband is planning to get married again after the divorce is finalised. He has two properties in his name. If he has children from his second marriage, will my son be able to stake a claim to these properties or will his children from second marriage have the sole claim over these? — Vandana…
10 thumb rules of money management for new earners Read more: EconomicTimes