Kotak Mahindra Bank announces launch of Kotak Remit…

NEW DELHI: on Monday announced the launch of its outward forex remittance service, Kotak Remit, on mobile that will allow users to send money abroad directly from their mobile phones. The outward forex remittance solution…

About 12% EPFO subscribers yet to get interest…

New Delhi: At least 6 million, or 10-12%, of Employee Provident Fund Organisation's (EPFO) subscribers will have to wait longer for their 2019-20 interest payment, as inaccuracies in the data of individual subscribers have held…

Why the 401(k) won’t fix the U.S. retirement…

Kyla Ernst-Alper is an aerialist in New York City. She's never had an employer that offered her a 401(k) retirement plan in more than two decades of performing.Giles ClementKyla Ernst-Alper, a 38-year-old aerial performer in…

Non-life insurers direct premium rises by 6.7% in…

New Delhi: Non-life insurance companies registered a 6.7 per cent increase in their gross direct premium collection in January at Rs 18,488.06 crore, according to the Irdai data. All non-life insurance companies had underwritten direct…

Insurers did not follow 20% orders of ombudsman

(This story originally appeared in on Feb 13, 2021)Mumbai: Justice for insurance claimants takes a long time coming ever after winning an award from the ombudsman. A response to an activist’s query under the Right…

As House Democrats push for $1,400 stimulus checks,…

Stimulus checks printed at the Philadelphia Financial Center in Philadelphia.Jeff Fusco | Getty ImagesAs a $ 1.9 trillion coronavirus relief package comes together on Capitol Hill, millions of additional direct payments to Americans could be…