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Location American Market News for 16 May 2026
ITR Filing 2026: Foreign assets in your portfolio? Here's why you should not miss Schedule FA disclosure Taxpayers with foreign investments must disclose them in Schedule FA when filing income tax returns. Resident and Ordinarily Resident taxpayers are required to report foreign assets, regardless of income generated, to av...
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Transport allowance exemption for employees: Who can claim tax relief of up to ₹1.80 lakh a year? The tax exemption for transport allowance has been revised, offering higher limits for disabled employees starting FY 2026-27. This change aims to alleviate the burden of commuting costs, ensuring better support for spec...
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Special vs regular FDs: Key differences and which one you should choose Regular and special FDs offer different tenures and rates, with special FDs providing higher returns. Here's a breakdown of each FD's features and which one you may choose, based on your financial goals. 
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Credit card default: How bank settlements affect your CIBIL score and future loans Missing credit card payments can lead to defaults, and may eventually result in a one-time settlement option from banks. However, this can negatively impact credit profiles and future borrowing. Details here.
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SIPs, debt or equities? How a 22-year-old earning ₹1 lakh a month can invest for overseas studies in 5 years A 22-year-old earning ₹1 lakh monthly may need a balanced investment strategy for studying abroad within five years, focusing on growth and stability. Here's what experts suggest. 
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Can you claim Income-Tax deduction on loan for EV purchase? Here's eligibility criteria and key highlights, explained Section 80EEB of the Income-Tax Act allows a deduction for interest on loans for electric vehicle purchases, up to ₹1.5 lakh, under the old tax regime. Here are the eligibility criteria and key highlights
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Mumbai vs Bengaluru, which is better for techies? Ankur Warikoo's practical fix to save ₹2 cr in old clip goes viral Ankur Warikoo's old clip has gone viral in which he explained how Bengaluru techies can save more by ditching Mumbai's same salary. Comparing financial realities of the two top tier cities, he described a master ...
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Home loan planning tips to avoid costly financial mistakes when buying a family home Buying a home with family requires smart home loan planning, clear ownership roles, sustainable EMI management, legal agreements, and careful budgeting to avoid financial stress and long-term repayment challenges.
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NPS withdrawal overhaul: How you can now plan flexible pension payouts till 85 - 2 methods explained The PFRDA has launched Retirement Income Schemes and drawdown facilities under the NPS, allowing subscribers to withdraw retirement funds in phases. This aims to provide flexible payout options while ensuring corpus appr...
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How much salary makes you rich in Indias Tier-2 cities? Bengaluru-based CEO breaks it down | Watch A viral video by entrepreneur and GoodWorks Group founder Vishwas Mudagal is getting widespread attention online for its take on wealth and quality of life in Indias tier-2 cities.
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Fuel price hike sparks urban dilemma: Move closer to office or save on rent? Heres what the math says Petrol and diesel prices increased by ₹3 per litre, the first rise in over four years, due to global crude price surges linked to the Iran war. CNG prices also rose by ₹2 per kg in major cities like Delhi and Mumbai....
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Gold and silver price today, 16 May: Check retail rates of 24K, 22K gold and 999 silver in Delhi, Mumbai, other cities Gold price today: Gold rates dropped on the MCX on Saturday morning amid a stronger US dollar, driven by elevated crude oil prices. International gold prices declined to an over one-week low, looking set for a weekly dec...
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How a settled loan tag on your credit report can reduce creditworthiness and affect future loan approvals A settled loan status on a credit report can negatively impact credit scores, reduce creditworthiness and hurt future loan approvals, while a closed loan status reflects responsible repayment behaviour and stronger finan...
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I asked ChatGPT to plan Ladakh or Spiti Valley trip under ₹30,000 | It picked A 10-day trip to Spiti Valley is more budget-friendly than Ladakh, costing around ₹25,000-30,000 per person, compared to Ladakh's ₹40,000-50,000. Spiti offers cheaper travel, accommodation, and food, making it a ...
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Banks open or closed today, 16 May? Check if SBI, HDFC, PNB, other banks have a holiday on Saturday with RBI calendar Account holders and registered bank customers are eager to know whether 16 May is a bank holiday. Check if SBI, HDFC, PNB and other banks are open or closed on Saturday with RBI's holiday calendar.
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Wipro and Bajaj Auto announce share buybacks: Why are companies doing it now and what changed in Budget 2026? From 1 April, the gains from a share buyback are taxed by applying capital gains tax provisions, making buybacks taxpayer-friendly. Earlier, the entire proceeds were taxed as dividends at slab rates.
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Public provident fund: Deposit of ₹2,000/month in PPF account can earn up to ₹1.08 crore at retirement - Here's how A total of ₹1.5 lakh annual contribution towards the public provident fund (PPF) is exempt under Section 80C of the Income-Tax Act for taxpayers filing as per the old tax regime.
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