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UK Home Secretary Says Post-Brexit Minimum Salary Threshold will be 36k Pounds

The UK Home Secretary will be asked to raise the recommended £30,000 minimum salary threshold for all latest international workers to defend lower-paid British workers.At the moment, the limitation only appeals to non-EU migrants, but it's assumed…




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Recent Update Regarding the EU Settlement Scheme in the UK

The UK Government aims to leave the European Union on 31 October 2019 at 11 pm. This will result in loss of Freedom of movement in the present form on that date and time, in case there is a No-Deal for it. All the EU clients need to secure their status…




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UK Warmly Invites Overseas Graduates and Extends Work Visas for Two Years

The restrictive immigration policies of the UK appear to be over as it has decided to offer a work visa for two years after graduation from a British university to the overseas students. UK Jobs get a boostPresently, the duration for graduates having…




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Britain Needs to Welcome A New Point-Based Immigration System

Britain will soon accept immigrants only when they possess the right skills. An immigration system based on points is common to Canada, Australia, and New Zealand and in the immediate future, it appears that Britain will join them. The election results…




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UK Immigration: 63% Hike in Student Visas Issued to Indians by UK

There has been a 63 percent rise in the number of student visas allotted to Indians to study in the UK in the past one year, data published by UK's Office for National Statistics (O.N.S) reveals. Report Says Tremendous Growth in Student Visas from…




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The New Immigration Plan and a Fresh Environment in the UK

Every department has aims and objectives, and the numbers are the focus of the Immigration Department in the UK. There is an opportunity to make this system fair but the focus needs to be away from strict control of borders. Boris Johnson, the PM has…




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Prominent Features of the Non-Race-Based Immigration Program in the UK

There is an issue in the world for stopping uncontrolled immigration of nonwhite, as it adversely affects the world.Boris Johnson the UK Prime Minister has made a campaign promise to make an onslaught on migration to control and check it. There is a…




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The UK Set to Modify the 30000 Pounds Minimum Earning Requirement for Migrants

PM Boris Johnson is set to change the plan about the minimum £30,000 earning the threshold for migrants who aim to enter the UK after the exit of Britain from the EU.The Reasons Behind the DecisionThe proposal appears to not fit in with his plan to…




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Your Queries: Equities tend to deliver positive inflation adjusted returns in long run

Investment gains (in absolute terms) depend on the principal corpus invested and the returns delivered by the fund. Returns are a function of the performance of the asset class invested in.




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Your Money: Eight guiding principles when buying a health plan

Understanding your health coverage, getting familiar with the services covered and how much you will have to pay in case of an unfortunate eventuality is important.




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Your Queries: LTCG tax on sale of shares depends on holding period

Assuming that the shares are in the nature of ESOPs, they shall be taxed at two stages, once as perquisites in the hands of employees upon allotment and subsequently as capital gains upon sale of the shares.




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COVID-19 impact on equity investments: Continue SIP and diversify your portfolio

Retail investors should stay away from small and mid-cap stocks until the volatility settles. Instead, they should look at value investing.




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Embedded Value: Covid-19 not covered by accident insurance

Life insurance claims to the extent of basic sum assured if policyholder dies due to infection by the corona virus is admissible.




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Health Insurance: Know how a medical insurance claim is processed

Treatment expenses can be reimbursed by insurer or customer can opt for cashless facility




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Your Money: Three tips to manage funds in the time of Covid-19

This is a real test for us as investors. Some of us are getting jittery because we are watching our overall returns deteriorating and some of us are thinking it is an opportunity to add more to our existing portfolio.




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Fixed Income: Want safety of capital? Check out liquid funds

You may park a portion of your funds in a high-rated liquid fund while you wait for the current volatility in the markets to play out




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Your Queries: Mutual Funds -Balanced funds, hybrid funds can switch between equity & debt

Gold ETFs investors can exit only by selling to secondary market participants on the stock exchange.




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Health insurance: Irdai for redefining sub-limit rules in policies

Draft exposure aims to restrict proportionate deduction which would lead to, in most cases, the insured being able to get a higher percentage of the bill reimbursed by insurer




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Your Money: Covid-19: Why health insurance is critical now

Group health insurance plus personal health insurance: Higher the number of family members, higher the insurance cover.




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Your Money: How asset allocation can help reduce risks

The objective of a good asset allocation plan is to develop an investment portfolio that helps you reach your financial goals with the degree of risk you find comfortable




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Covid-19: RBI relief on loan repayment: Should you avail of the 3-month moratorium?

Borrowers who opt for the moratorium on repayments will have to pay an additional interest charged on simple interest basis. Thus, those who have the capacity to repay should continue to make the payments regularly




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Your Queries: Loans – banks will charge interest for 3-month moratorium period

The moratorium means in case of cash crunch in these extraordinary times, you may not pay the EMIs but the bank/FI will not classify your loan as a non-performing asset (NPA).




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Your money: Term insurance is not just for death benefits but also for disability

The fundamental benefit of term insurance is the monetary benefit the dependents receive on the death of the insured.




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CBDT extends validity of lower withholding tax orders till June 30

CBDT said that assessees holding valid certificates for FY20 would get the benefit of extension, which otherwise would expire on March 31.




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Covid-19 & your money worries: Tips to handle the impact on your finances

When it comes to surviving financial crisis, focus on what you can control and you can do rather than on what you cannot control or what is not possible to do now




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Want to save tax: Should you go for PPF or ELSS?

To achieve the stated investment objective, the fund manager of an ELSS maintains a diversified portfolio of equity-and-equity related instruments, and practices a bottom-up approach to stock picking that is market-cap and sector agnostic.




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Notification on govt bearing EPFO contribution likely today

A total of 80 lakh employees involved in four lakh establishments are likely to be benefitted, the finance ministry had earlier said.




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Fixed income: Falling interest rates? Ways to reduce re-investment risks

Investors should continue to invest in small savings schemes as the interest rates are still higher than that of bank FDs. They should look at tax-free bonds and avoid company deposits.




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Your Money: Do you have a cashflow for next 12-18 months?

In a single day, there was a double-digit fall of 13.2% in Sensex—unprecedented in the past 16 years.




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Mutual Funds: Stay invested in equity if you have a long investment horizon

Regulations define specific structures / entities within mutual fund companies to safeguard investor monies from issues such as fraud, etc.




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Mutual Funds: Tips to make the most of bearish markets

From continuing with your SIPs to safeguarding your liquidity and investing in large-cap, multi-cap and index funds, make your market moves in a judicious way to avoid any investment mistakes.




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Your Income Tax Queries: NRIs do not need to quote Aadhaar in ITR or link PAN with Aadhaar

As per Section 44ADA, a resident individual, engaged in any business/ profession can declare income on presumptive basis only if gross receipts do not exceed Rs 50 lakh in previous year.




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After SBI and HDFC Bank, Bank of Baroda also cuts MCLR across tenors by 15 bps

BoB’s overnight and one-month MCLR has been revised to 7.40%, while the three-month MCLR was revised to 7.55%. Six-month MCLR has been revised to 7.85%, the bank said.




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Planning in a financial emergency: Six steps to being ready for a rainy day

With job losses & pay cuts likely in the wake of the Covid-19 pandemic, you need to take some special measures to cushion the impact and prepare for the worst




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Buy gold: Any correction is a good entry point

The macroeconomic backdrop has become favourable for gold; aim for 10-15% of portfolio alloc-ation to the yellow metal




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Provident Fund withdrawal for COVID-19: EPFO remits Rs 280 crore to subscribers under special window

Anticipating a huge surge in demand, it came out with a new software for online receipt and settlement of claims and deployed the software on March 29.




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Non-life insurers receive Rs 3-crore claims for Covid-19

According to the ministry of health and family welfare as on April 9, 2020, there are 5,218 active cases of novel coronavirus in India and there has been 169 deaths due to this pandemic.




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Mutual Funds see net outflows of Rs 2.12 Lakh crore in March, highest since September 2018

While debt funds saw sharp outflows, equity funds surprised the industry as it saw net inflows of Rs 11,722.74 crore in March — the highest in the current financial year.




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Income Tax Exemption: Employees donating to PM-CARES fund via employers to get Section 80G benefit

The clarification came as the employees, in many cases, have donated a portion of their salaries the the fund through their employers.




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Top location app: HERE beats Google Maps and TomTom

Ranked as Counterpoint’s top location and mapping platform in the world




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Stock Market Investment: Don’t invest just because the market is falling

Remember your financial goals and your risk appetite. If you have extra cash and investing for the long term, then go ahead and deploy your funds in a staggered manner.




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Relaxation in income-tax compliances: Deadline for several tax compliance measures extended

The due dates for issuance of any notice, intimation, notification, approval or sanction order, has also been extended by a period of three months.




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Your Queries: 3-month moratorium on education loan; on gold loan also if EMI-based

If you have a high credit score or work for an organisation that has a tie-up with a bank for subsidised interest rates, you can get a lower interest rate.




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CBDT clarifies on TDS deduction by employers on old/new regime

The Budget this year introduced a new income tax regime under which individuals can opt for lower tax rates provided they don’t avail certain exemptions and deductions otherwise available under the law.




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Better to buy comprehensive health cover than disease-specific cover: Insurance cos

However, if someone wants to buy a comprehensive health cover, it would cost them Rs 8,000-11,000 for Rs 10 lakh sum insured.




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Your Money: Digital payments, e-KYC make buying insurance, filing claims easy during Coronavirus lockdown

Most companies are encouraging their existing customers to use digital channels as there has been a surge of such requirements from customers along with scarcity of service personnel at insurance offices.




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Mutual funds: Exiting equity now may lead to missing out on any recovery subsequently

As of February 29, 2020; equities outperformed gold over the trailing 10-, 15- and 20-years, delivering annualised 10.39%, 13.89% and 12.0% respectively compared with 8.16%, 12.59% and 11.49% respectively delivered by gold.




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Coronavirus effect: EPFO extends due date for filing ECR for March

The EPFO’s decision to extend the due date for filing is expected to benefit about six lakh establishments, including four lakh establishments eligible under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) package.




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Real returns from FDs remain negative for 6 straight months

A one-year deposit with the country's largest lender earned interest at the rate of 5.7%, which works out to a 3.99% effective yield, assuming a tax rate of 30%.




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Gross direct premium by non-life insurers sees 10.7% dip in March

Currently motor insurance has a 38-40% of market share of new premiums in non-life industry and weak auto sales number would further impact motor insurance business in the months to come.