This list of top 17 common scams in India can save you or someone you know from falling a prey and getting dupped. This comprehensive guide breaks down the top scams in India targeting the public today, explaining how they work and how you can protect yourself and your family from falling victim.
Anil Ambani's Reliance Power show promise, investors must be cautious amid legal and market volatility. 2024–25 has brought a resurgence, particularly through Anil Ambani's Reliance Power and Reliance Infrastructure. Is this comeback real or fleeting? Let’s explore the full story.
Waqf represents the concept of permanently dedicating property for an Islamic charitable cause, with the idea that the benefits of the asset will serve the community indefinitely. Here we discuss its Legacy, Purpose & the 2025 Amendment in a nutshell.
Finfluencers / Financial influencers on social media and easy-to-use investment apps have made stock market trading more accessible, often promoting high-risk investments with promises of quick wealth. While these influencers excel at storytelling, many lack formal financial expertise, and their advice can lead investors into volatile stocks, especially penny stocks, which are more likely to result in losses. Despite the ease of investing, experts warn that most investors lose money, and caution that wealth is built through long-term, disciplined strategies rather than speculative, high-risk trades.
Finance Minister Nirmala Sitharaman has suggested that a reduction in the Goods and Services Tax (GST) on health and life insurance could result in lower premiums for policyholders. Speaking in the Lok Sabha on Monday, she confirmed that the GST Council is set to deliberate on this matter during its meeting on December 21, 2024. Currently, these policies attract an 18% GST rate, but proposed changes include exemptions for term life policies, senior citizens’ health insurance, and plans with coverage up to ₹5 lakh.
20 private health insurers in India paid less than 80% of the total amount claimed by insured patients in 2023. The analysis by the Insurance Brokers Association of India (IBAI) sheds light on significant disparities in the claim payout performance across public and private health insurers. The findings have sparked calls for policy reforms and stricter oversight. Experts argue that bridging the gap between public and private insurers is critical for a healthier insurance ecosystem.
Insurance Amendment Bill proposes transformative changes for India’s insurance sector. Key reforms include composite insurance licenses, allowing insurers to diversify their offerings; reduced capital requirements for new entrants; and enhanced flexibility in investment regulations.
IRDAI has raised concerns over excessive concentration of business through Bancassurance. Earlier, Finance Minister Nirmala Sitharaman had expressed concern over the rampant mis-selling of financial products, especially insurance, through banks, and highlighted its adverse impact on consumers. She said mis-selling not only leads to financial distress for individuals but also increases borrowing costs.
Insurance fraud is a major issue in India, affecting both insurance companies and policyholders. Fraudulent activities lead to increased premiums and reduced trust in the system. By employing advanced technologies like artificial intelligence and data analytics, insurers are detecting fraudulent activities more effectively. Collaborative efforts among insurers and stringent regulatory frameworks are also playing crucial roles in tackling this menace.
Potential surge of gold prices in 2024 to ₹70,000 per 10 grams. Rise in gold prices in 2024 hinges on factors like the dollar index, global economic conditions, and geopolitical stability. Gold retains its allure as a safe-haven asset and a hedge against inflation, setting the stage for an intriguing year ahead in the bullion markets.
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