Employees covered under the Employees’ State Insurance Corporation (ESIC) in India are entitled to a wide range of benefits, including medical care, sickness benefits, and maternity assistance. To access these services or track personal information such as contribution history, claim status, and eligibility, employees can use the ESIC online portal. However, for many workers, the … Read more
When consumers encounter a price that seems far beyond the expected or reasonable cost for a product or service, the term exorbitant price is often used to describe the situation. This concept is not just about high pricing; it specifically refers to prices that are considered unjustifiably or excessively high compared to the value or … Read more
When applying for an FHA loan, one of the key financial factors that lenders examine is your debt-to-income ratio, commonly known as DTI. This includes evaluating all recurring monthly debt obligations such as credit cards, auto loans, student loans, and other installment debts. However, under specific circumstances, certain installment debts may be excluded from the … Read more
Fixed deposits (FDs) continue to be one of the most trusted investment options in India, especially for conservative investors who seek safety and steady returns. Among the various institutions offering fixed deposit schemes, the Life Insurance Corporation of India (LIC) stands out due to its credibility, government backing, and attractive features. As of 2024, the … Read more
When dealing with bank transactions, particularly international or digital transfers, terms like bank code, sort code, and routing number often surface. These terms can be confusing because they are used differently across countries and banking systems. While they all serve the general purpose of identifying banks and their branches for transaction routing, they are not … Read more
Income tax is one of the most important elements of personal and financial planning for working professionals, business owners, and retirees. In India, every financial year brings updated tax slabs and policy adjustments, which directly affect how much an individual or entity pays. The Financial Year (FY) 2023-24 introduced important updates to income tax slabs … Read more
Investors looking to gain exposure to China’s domestic equity market often encounter a wide array of options, but few are as relevant or comprehensive as the MSCI China A Onshore Index. This index plays a significant role in capturing the performance of A-shares listed on the Shanghai and Shenzhen stock exchanges. As China’s financial markets … Read more
In the world of finance and risk management, actuaries play a key role in analyzing data, assessing probabilities, and helping businesses make informed decisions. While the profession is often associated with complex mathematics and insurance, a typical day in the life of an actuary is filled with variety, problem-solving, and strategic thinking. Actuaries work across … Read more
The term ‘twopence’ might seem like an old-fashioned word, but it still holds meaning in both modern and historical contexts. Often encountered in British English, twopence refers to a monetary value equivalent to two pennies. While it is primarily associated with British currency, the word has also evolved into a colloquial expression used in everyday … Read more
In the world of international trade and banking, the efficient handling of collections plays a vital role in ensuring smooth transactions between buyers and sellers across borders. The Uniform Rules for Collections, known as URC 522, serve as a global standard for managing such collection procedures. Among the key players in this system is the … Read more