The Reserve Bank of India has reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. This marks a total reduction of 125 basis points in 2025, sparking fresh hope among homebuyers for affordable loan EMIs as banks prepare to revise lending rates. The Monetary Policy Committee (MPC), which met on December 3, 4 and 5, voted unanimously after assessing inflation control, liquidity status and growth expectations. Governor Sanjay Malhotra confirmed the move, addin

India’s rapid digital lending growth has made borrowing simple but also riskier. Fraudsters now target people looking for quick loans, luring them with instant approvals, zero paperwork, and guaranteed deals. These traps are becoming more sophisticated, often disguised as real banking offers. Recognizing red flags before sharing your personal or banking details can protect you from financial loss and mental stress. Unrealistic loan promises are among the biggest traps. Scammers of

Millions of student loan borrowers in the United States are once again eligible for debt forgiveness following the reinstatement of two major federal repayment programs. The Department of Education has announced that it will resume canceling the debts of qualified borrowers enrolled in the Income Contingent Repayment (ICR) and Pay As You Earn (PAYE) plans. This decision restores a critical form of relief for many borrowers who rely on income-driven repayment systems to manage their student loan

In the journey of devotion, there are times when the heart and mind travel at different speeds. The mind, trained by faith, may already know that whatever comes from the Guru’s hand is grace — both the gifts that comfort and the lessons that challenge. Yet the heart, tender and human, often lingers behind, still clinging to the fragrance of closeness, to the warmth of moments that once felt near and personal. This quiet distance between understanding and acceptance is not disobe

Maryland residents carrying significant student loan balances have an opportunity to ease some of their financial burden through the state’s student loan debt relief tax credit. The program, which has helped thousands of taxpayers since its launch, offers direct support for individuals who owe at least $20,000 in student loan debt and continue to file taxes in the state. The deadline to submit an application for this year’s credit is September 15, leaving borrowers only a short wi

A Washington D.C. resident has admitted to defrauding the federal government of pandemic relief funds by misusing a large disaster loan meant to support struggling businesses. Jennifer May, 43, pleaded guilty to one count of wire fraud after investigators found that she fraudulently obtained $1,500,000 in Economic Injury Disaster Loans, funds that were provided during the COVID-19 pandemic to help small businesses meet critical expenses. Her guilty plea has set

The Central Bureau of Investigation (CBI) on Saturday conducted raids at six premises in Mumbai linked to Reliance Communications (RCom) and its Promoter Director, Anil Ambani, in connection with an alleged bank fraud case worth over Rs 2,000 crore. According to sources, the searches were aimed at collecting key documents and digital records to establish whether bank funds had been misused or loans diverted across group companies.

Personal loans for holidays are becoming a growing trend in India, especially among younger travellers and residents of smaller cities. According to the Paisabazaar report ‘How India Travels Using Holiday Loans (Vol. 2.0)’, 27% of personal loan borrowers in the first half of 2025 used the money for travel, a jump from 21% in 2023. This rise has pushed holiday loans ahead of home renovation loans, which have dropped from 31% in 2023 to 24% in 2025.

In 2025, the world of work is evolving rapidly, and building a successful career requires more than just technical expertise. Adapting to changes in technology, work culture, and personal development is crucial to staying ahead in today’s professional world. Here are key strategies to help you navigate the future job market and build a thriving career. 1. Upskill Regularly As industries transform due to technological advancements, continuous learning is essenti

The Enforcement Directorate (ED) has launched extensive raids across Mumbai and Delhi as part of a high-stakes money laundering investigation into a loan fraud case worth approximately Rs 3,000 crore. The raids are targeting 50 companies, including those linked to Anil Ambani's group, and involve about 25 individuals connected to the controversial transactions. The investigation stems from suspected illegal loan diversion, with particular focus on loans ap

Venus Williams has confirmed that she is engaged to actor and former model Andrea Preti. The announcement came after her first singles match in over a year on July 22, 2025. During a post-match interview, Williams shared how Preti had been a great source of support throughout her comeback, motivating her to continue playing tennis despite the challenges. "I’m so happy to be here, and it’s wonderful that

Managing personal loans effectively is crucial in maintaining financial stability. High EMIs (Equated Monthly Installments) often become a burden, especially when income and expenses are mismatched. Below are five practical ways to reduce your EMI and ease monthly financial stress: Top 5 Ways to Reduce Your Personal Loan EMI

Americans’ unpaid medical debt will continue to appear on their credit reports after a federal judge in Texas overturned a major Biden-era Consumer Financial Protection Bureau (CFPB) rule intended to remove such debts. The decision, delivered last week by Judge Sean Jordan of the U.S. District Court for the Eastern District of Texas, marks a significant blow to a policy aimed at easing the credit burden for millions of Americans. The court found that the CFPB overstepped its legal autho

Personality development is not something that occurs overnight. It is a slow and steady process shaped by choices, routines, and the way we respond to the world around us. While life-changing moments are often celebrated, it is actually the smaller, consistent actions taken every day that create a lasting impact on who we are. Whether it’s reading a page from a book, choosing kindness in a tough moment, or following through on a promise to yourself, these simple actions accumulate and buil

The middle class, once considered the backbone of society with steady jobs and dreams of homeownership, is now facing a critical dilemma: should they focus on looking rich or becoming rich? Shyam Achuthan, Founder and CEO, highlights the growing divide between those who focus on immediate appearances and those who prioritize long-term financial stability. According to Achuthan, many individuals today are trapped in a

A Texas man has filed a lawsuit against Whataburger, alleging negligence after he suffered an allergic reaction from eating a meal that contained onions despite explicitly requesting that his food be made without them. The legal petition, submitted on April 25, 2025, in Harris County, claims the restaurant failed to meet a reasonable standard of care, which resulted in the plaintiff, Demery Ardell Wilson, suffering personal injuries that required medical treatment. The incident oc

Millions of borrowers with defaulted federal student loans will soon face renewed consequences as the U.S. government resumes collections. The Department of Education has confirmed that, beginning May 5, it will refer defaulted loans to the Treasury Department’s offset program. This program allows the government to garnish wages, withhold tax refunds, and seize portions of Social Security checks to collect unpaid student debt. These measures officially end the collections pause introduced

If you're wondering whether to invest in gold or mutual funds this year, you're not alone. With rising market uncertainty, inflation concerns, and global geopolitical tensions, investors are reevaluating traditional assets. Gold and mutual funds have long stood as two prominent options for Indian investors. While both offer potential returns, they cater to different investment styles, goals, and risk appetites. Financial experts suggest that a well-balanced investment portfolio, tailo

In a sweeping move set to impact millions of Americans, the U.S. Department of Education announced it will resume collections on approximately five million defaulted federal student loans starting May 5. This marks the first time since the pandemic-era pause that collections will be enforced, ending a five-year period of relief that shielded borrowers from wage garnishments and federal benefit offsets. The action targets borrowers who had already defaulted on their student loan

A loan against mutual funds is an effective financing option that allows investors to access funds without selling their investments. By pledging mutual fund units as collateral, individuals can secure a loan from banks or financial institutions. This method provides a practical solution for short-term financial needs while enabling investors to retain their portfolio and continue benefiting from market growth.   What is a Loan Against Mutual Funds?