Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto When you read your insurance policy, if you read it, you may come across a term called ‘excess’. Usually, it says ‘excess on this policy is ₹1,000’ or something like that. And no, it does not mean the insurance company is going to give…

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Asset management companies continually launch new fund offers (NFOs). In the recent times, several of the NFOs have been sectoral funds and thematic funds. In this article, we discuss whether such funds fit into your investment portfolio. Sector funds are positioned to bet on…

A cup of coffee, a grab of hot samosas, a premium movie ticket, the book you bought, a health insurance policy you opted for, a stock or mutual fund you invested in, a debt you cleared and what not? From the first Rupee spent to the last one of the month, our financial journey is…

In July, the North Eastern Regional Power Committee (NERPC) convened a special meeting with grid operators and Power Grid Corporation of India Ltd. (PGCIL) to address an urgent issue: maintenance contracts for the region’s integrated electricity grid were nearing expiry, necessitating discussions on upgrading the systems. The financial implications were significant. PGCIL informed the meeting…

The decisions taken by the Goods and Services Tax (GST) Council in its 57th meeting on Thursday reveal two distinct changes in the attitude of the tax administration: increased trust in the taxpayer, and reduced anxiety over tax revenues. This is a big change from the system in place so far, where taxpayers have been…

 Coal India and its subsidiaries offered power plants with existing supply agreements the option to lift additional coal beyond their annual contracted quantities | Photo Credit: The Hindu Daily coal supplies to the power sector have risen 36% from their post-monsoon lows in September and are averaging about 9% higher in October than in the…