Senior housing in Indian, which is still in the nascent stage and growing rather slowly, is being predicted to grow more rapidly in the coming decade. Indian senior living market has the potential to grow 5x times from current levels to touch ~USD 12 billion by 2030: Colliers India As…
India’s Union Budget 2023 has introduced significant changes to tax collection on foreign remittances. The Union Budget 2023 has brought forth notable revisions to the Tax Collection at Source (TCS) on Foreign Remittances under the Liberalised Remittance Scheme (LRS). From July 1, 2023, the TCS rate on various types of…
Unit-Linked Insurance Plans (ULIPs) or Unit Linked Insurance Policy is a type of life insurance plan that offers a combination of life insurance protection and investment. ULIPS have gained popularity in India, attracting individuals who want both life insurance protection and wealth creation. What are ULIPs? ULIPs are a type…
Life insurance is an essential tool for financial security. In India, family is at the heart of our culture. Despite this, the penetration of life insurance is abysmal. “Life insurance penetration in India was 3.2 per cent in 2021,” says the Economic Survey 2022-23 (by the Indian government). “The penetration…
The India Union Budget 2019 has brought some cheer to the real estate sector. The following aspects of real estate and property investments have been modified or amended to bring in a change: Long-term capital gains Notional rent from unoccupied house – two residential properties can be considered as self-occupied…