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Location American Market News for 5 May 2026
SBI employees to go on a 2-day strike on May 25,26: Check their 16 key demands State Bank of India employees plan a two-day strike on May 25-26, 2026, to demand better working conditions and job security. The All India State Bank of India Staff Federation cites administrative neglect and anti-emplo...
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Income-tax returns: Form 121 replaces Form 15G, 15H - Who is eligible, where to download and how to avoid TDS, explained The new Income-Tax Act 2025 replaced the original Tax Deducted at Source forms - Form 15G and 15H - with a single Form 121, as part of the government's move to streamline and simplify India's tax codes.
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Tenant rights in India: How much of security deposit can be legally deducted by your landlord? Security deposit rules in India, guided by the Model Tenancy Act, 2021, vary by state and dictate how much landlords can collect and under what conditions deductions may occur. Details here.
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I asked ChatGPT to plan my daughters Harvard education: AI suggests mutual funds, dollar assets, gives yearly cash flow ChatGPT recommends planning for global education beyond Harvard. It outlines significant costs for a master's degree, estimating up to ₹7.22 crore for two years. It suggests diversifying investments and emphasizes ...
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Buy Now Pay Later: Here's how BNPL works, who is eligible and how it impacts your credit score Buy Now Pay Later (BNPL) is a short-term financing option allowing customers to buy items and pay in installments. Here's all you need to know about how it works, who is eligible and how it impacts your credit score
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Rupee at record low: What it means for your personal finances, foreign travel, imports and markets - explained The rupee fell to a record low against the US dollar on 5 May 2026 due to rising US-Iran tensions and soaring crude oil prices. This could impact India's economy as well as household spending. Details here.
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Income-tax returns: Investment proof, PAN Card - Here's a checklist of required documents for smooth ITR filing process Filing income tax returns can be a tough task for salaried individuals and first-time ITR filers alike. To make the process smoother and hassle-free, here's a checklist of essential documents you'll need, includi...
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EPF vs PPF: Key differences, rules, tax benefits and returns explained EPF and PPF are key long-term savings instruments in India. While EPF is for salaried employees, PPF is open to all. Both offer tax benefits and fixed interest rates, but differ in eligibility, contributions, and withdra...
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Dearness Allowance: What are the types of DA? How often are they revised? We answer the top FAQs Dearness Allowance is of two types, one which is revised quarterly based on CPI, and the other revised semi-annually. Both these aim to mitigate inflation effects for households of central government employees.
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Loan waiver offer? RBI says it could be a scam; 5 ways borrowers can protect themselves RBI warns borrowers about rising fake loan waiver scams nationwide, urging verification with banks, avoiding upfront fees, and relying on official sources to prevent financial losses and credit damage.
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8th central pay commission: Memorandum submission date extended to 31 May - Six months on here are the top updates The 8th CPC has extended its deadline for stakeholders to submit their memorandum of suggestions for the panel ahead of its recommendations. Here's a look at the top updates six months into the process
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A digital living will: What it means for your family's financial decision Maharashtras digital living will framework may seem like a small administrative step. But for families that use it, it does something estate planning often cannot
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₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension A 25-year-old investor can accumulate ₹3,64,92,972 in the next 20 years through a disciplined monthly SIP of ₹9,000, potentially providing a monthly pension of ₹2 lakh post-retirement at 45 through a SWP for the ne...
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100% FDI in Insurance: What rule says? What will be its impact? The Finance Ministry has approved 100% foreign direct investment in the insurance sector under the automatic route, with a 20% cap for LIC. This reform aims to enhance technology and product design, addressing India'...
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The great fuel hedge: can EVs become a solution to India's ICE volatility With crude over $110, a weak rupee, E20 mandates and BS6 diesel costs rising, electric vehicles are emerging not just as green alternatives but as Indias fiscal hedge. 
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Senior citizen FD rates May 2026: PSU banks offer safe returns up to 7.10% for income and capital protection Senior citizen FD rates in May 2026 across prominent PSU banks show stable returns up to 7.10%, offering safe income, inflation protection and predictable investment options in a volatile economy.
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