SEBI Warns Investors Against Unregulated ‘Digital Gold’ Platforms; Tanishq, MMTC Among Major Sellers
The Securities and Exchange Board of India (SEBI) has issued a strong advisory cautioning investors against putting money into unregulated ‘Digital Gold’ or ‘E-Gold’ products being sold through online platforms, warning that such investments do not fall under its regulatory ambit and lack investor protection safeguards. In a press release on Saturday, SEBI said it […]
Gold and Silver Soar to Record Highs: Should You Buy or Wait?
Gold has broken all records again. The precious metal climbed beyond ₹1,19,900 per 10 grams on the MCX, while international prices surged past $3,900 per ounce for the first time ever. Silver followed suit, touching an all-time high of ₹1,47,700 per kg. The rally comes as investors rush toward safe-haven assets amid global economic uncertainty, […]
GST Reforms: What Gets Cheaper, What Stays Costly
The Goods and Services Tax (GST) Council has taken a big step in simplifying India’s indirect tax system. After a marathon 56th meeting in New Delhi, Finance Minister Nirmala Sitharaman announced that the four-slab system will now be reduced to just two rates — 5% and 18%, effective from September 22. “We’ve reduced the slabs. […]
ICICI Bank Hikes Minimum Balance to ₹50,000 — How It Compares with SBI and HDFC Bank
In a move that’s triggered sharp reactions from customers, ICICI Bank has hiked its minimum average balance (MAB) requirement for savings accounts in urban areas to ₹50,000 per month — a five-fold jump from the earlier ₹10,000. The hike, effective for customers in metro and urban branches, is one of the steepest in recent years […]
Gold Shines Bright: 200% Return in 6 Years—What’s Next for Investors?
Gold has outperformed nearly every major asset class in recent years. From ₹30,000 per 10 grams in 2019 to over ₹1,00,000 by mid-2025.Gold has delivered over 200% returns—a staggering gain that’s hard to ignore. Even as equities like the Nifty 50 delivered healthy gains, gold proved itself a resilient and rewarding long-term investment. 📈 Gold […]
New ₹3,000 FASTag Annual Pass from August 15: All You Need to Know
The Union Road Transport Ministry has announced a new FASTag-based annual pass for private vehicles, designed to reduce the toll burden on commuters and make highway travel more affordable and seamless. The scheme, unveiled by Union Minister Nitin Gadkari, will be implemented from August 15, 2025. What is the Annual FASTag Pass? The Annual FASTag […]
Finance Ministry: No MDR Charges Planned on UPI Transactions
The Finance Ministry has strongly dismissed rumours that the government is planning to impose Merchant Discount Rate (MDR) charges on UPI (Unified Payments Interface) transactions. In an official statement, the Ministry said that the speculation circulating online is “false, baseless, and misleading.” It warned that such claims create unnecessary fear, confusion, and mistrust among citizens. […]
India May Offer 2% Discount to Boost UPI Payments: Here’s What It Means for You
To make instant digital payments even more rewarding, the Indian government is considering a 2% automatic discount for consumers who choose to pay via UPI (Unified Payments Interface) instead of using credit cards. What’s the Plan? As per the proposed idea, UPI users would pay 2% less than those using credit cards, encouraging consumers to […]
LIC Launches WhatsApp-Based Premium Payment Service for Policyholders
In a major step towards digital transformation and customer convenience, the Life Insurance Corporation of India (LIC) has launched a WhatsApp-based premium payment facility. The initiative, introduced on May 9, 2025, enables policyholders to check due premiums and make payments directly within the WhatsApp chat interface, making it easier than ever to manage life insurance […]
From May 1, These 6 Key Changes Could Hit Your Pocket — Here’s What to Expect
As May begins, several policy updates and service revisions are set to roll out, and many of them could directly affect your monthly expenses. From ATM charges and LPG prices to possible fees on UPI payments, here are six major changes taking effect from May 1, 2025, and how they may impact your wallet: 1️⃣ […]