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Market News

Location American Market News for 17 June 2026
UAE vs US NRIs: Why FCNR(B) deposits are more tax-efficient for non-resident Indians in the Gulf nation An FCNR account functions as a foreign currency-denominated repository that allows Non-Resident Indians or Persons of Indian Origin to hold their funds securely.
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ITR filing deadline for AY 2026-27: July 31, August 31 or October 31? Check which date applies for you The Income Tax Department has set different ITR filing deadlines for AY 2026-27 based on income source and audit status. Key dates include July 31 for ITR-12, August 31 for ITR-34 (non-audit) and October 31 for ITR-34 (a...
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₹1.1 lakh on rent, ₹20,000 on groceries: Indian Man's Poland expense breakdown sparks debate online An Indian man living in Warsaw, Poland, has sparked a discussion online after revealing how much he and his partner spend each month to maintain a 'comfortable lifestyle'.
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Sebi's new ETF framework: How will it impact investors? Experts answer Will ETFs trade closer to their underlying value after Sebi's overhaul? Experts explain what the changes could mean for traders and long-term investors.
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EPFO 3.0: How will your PF withdrawal be taxed? Key rules and exemptions explained EPFO subscribers may soon withdraw provident fund money via UPI without employer sign-off, enhancing speed and convenience. However, tax implications of this new method remain unclear. 
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8th pay commission: No more half-day CL for every late attendance? Key demands on attendance and leave rules The 8th Pay Commission is reviewing attendance rules, with employee unions requesting more flexibility for late arrivals. They propose allowing up to two hours late without penalty, changing the current half-day casual l...
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Form 40: How Indians returning from abroad can defer tax on foreign retirement accounts Form 40 is suitable for resident individuals in India who hold retirement benefit accounts in certain notified countries, such as the US, UK, Canada, and Australia, and want to avoid immediate taxation in India on income...
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Can a retiree claim tax credit on spouses fixed deposit? TDS rules explained Since the interest earned on the deposit is subject to the clubbing provisions, it is not treated as the spouses taxable income. Therefore, they are not eligible to furnish the Form 121 declaration.
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Mutual funds vs PMS: A complete guide to minimum investment, portfolio structure and investor fit Mutual funds pool money from multiple investors and are generally more accessible and suitable for a wide range of investors. On the other hand, PMS offers a personalised investment experience where portfolios are tailor...
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Why Lionel Messi's career is a masterclass in building long-term wealth | 5 Money habits to follow Lionel Messi, aged 38, has set a record as the oldest player to score a hat-trick at the FIFA World Cup, leading Argentina to a 3-0 victory over Algeria. He surpassed Cristiano Ronaldo's previous record, showcasing h...
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I asked ChatGPT if I could take a one-year sabbatical on a ₹35 LPA salary. The real question wasn't affordability I want to take a full one-year break from corporate work because I feel professionally exhausted. Is it realistically possible? Here's what ChatGPT said
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I asked ChatGPT whether the 50:30:20 budget rule fits my financial situation? It proposed To budget effectively on a ₹1 lakh salary with ₹20,000 liabilities, consider a 55-20-25 rule instead of 50-30-20. Prioritize savings and investments while managing expenses and avoiding overspending through technique...
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EPFO: Want to change your EPF account nomination online? Here's how you can - a stepwise guide EPFO: Want to change your employee provident fund account nomination online? Here's how EPF subscribers can use the official website to do so - check the stepwise guide here
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Planning a PF withdrawal? Check these details on your EPFO account first Errors in service history, KYC details and nominations often go unnoticed for years. A few checks on the EPFO portal can help employees avoid future claim and transfer hassles.
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Understanding Information ratio in mutual funds: Calculation, formula and significance Information ratio shows a fund manager's ability to generate returns above a benchmark index relative to the level of active risk taken. It is typically useful to analyze the performance of equity mutual funds, index...
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8th pay commission: State visits to Uttar Pradesh, Odisha, West Bengal planned in June, July-Check list of cities, dates 8th pay commission: The panel has planned state visits to Uttar Pradesh, Odisha, and West Bengal to meet with employee representatives and stakeholders. Check the full list of cities and dates in June and July, here.
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Trust vs will: which is better for passing on wealth? A will works for simple estates. But for NRIs, minors, special-needs beneficiaries and multi-jurisdiction assets, a trust can offer greater control, continuity and protection.
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Who needs to file an ITR for AY 2026-27? Check the income tax rules Investors reporting capital gains, taxpayers claiming refunds, individuals seeking to carry forward losses and those holding foreign assets may all need to file a return, even if their final tax liability is nil.
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Dearness Allowance: MSRTC employees get 5% DA hike; employee unions demand payment of arrears - Here's all we know Dearness Allowance: Maharashtra Transport Minister Pratap Sarnaik announced a 5% DA hike for MSRTC employees last week. Notably, employee unions are demanding payment of DA and HRA arrears. Here's all we know.
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Booked losses in stocks or mutual funds? Why filing ITR may still be important For investors, a loss-making year does not necessarily eliminate the need to file an ITR. In many cases, filing the return within the due date can preserve an important tax benefit by allowing losses to be carried forwar...
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Should you look at the P/E ratio of mutual funds? Here's what experts say Experts say a mutual fund's P/E ratio should not be viewed in isolation. The metric is most useful when compared with peers, benchmarks and investment style.
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Circle rate vs market value: the hidden factor that can make or break your home loan A property's sale price, circle rate and lender valuation often differ. Understanding the gap can help buyers avoid funding shortfalls, tax surprises and last-minute loan rejections.
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