Franklin Templeton's shut schemes receive Rs 7184 crore since closure

The winding up of six Franklin schemes was unprecedented. As this still unfolds, we bring to you a timeline of all major developments. We will keep updating it as and when new developments come in. So, watch this space.

SEBI tweaks same-day NAV rule

Starting from January 1, investors would be allotted units on the NAV of the day their funds are realised by AMCs, irrespective of the investment amount

How to obtain a Permanent Account Number (PAN) for a minor

The income tax department has not prescribed an age limit for obtaining a PAN card

Tax on gifts received depends on value, occasion

Gifts received by an individual during a financial year are tax free only if their aggregate value does not exceeds Rs 50,000

No change in interest rates of small saving schemes

Government maintains status quo on the interest rates of small saving schemes for July to September, after a steep cut in the previous quarter

Medical Allowance vs Medical Reimbursement

Medical reimbursement up to Rs 15,000 a year is tax exempt whilst this is not the case for medical allowance

New NPS-Tier II scheme gives tax benefit to central government employees

The new variant of NPS Tier-II account is meant for central government employees and eligible for tax deduction under section 80C

PMVVY scheme gets extended at a reduced interest rate

Pradhan Mantri Vaya Vandana Yojana has been extended up to March 31, 2023, but at a reduced interest rate of 7.4 per cent

Should you buy Sovereign Gold Bonds?

The latest series of Sovereign Gold Bonds is available for subscription till January 17. Find out if you should buy them

Impact of TRI indices on mutual funds

Mutual funds houses are moving from a price-return index (PRI) system to a total return index (TRI) system. As a result, you may see your mutual fund investments a little differently now

RBI taxable bonds make a comeback in a new avatar

Unlike earlier bonds, the new bonds will carry a floating interest rate of 7.15 per cent, which will be reset every six months

Latest on the Franklin fiasco

While litigation is underway, daily hearings will reportedly commence from 12th August

NPS offers subscribers a choice of two record keeping agencies

Other than being a repository of data, central record keeping agencies are also responsible for administration and customer service functions, and act as operational interface between the different entities of NPS

Last three months to invest in PMVVY

Unless the government extends the subscription window, you will not be able to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY) after March 31, 2020