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IT department declares 363 as cost inflation index for current fiscal
The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…
PTI
Public sector banks asked to reassess gold loan process amid debt risk concerns
The Ministry of Finance has written to public sector banks to reassess their gold loan procedures a…
ANI
Indian economy likely to grow 7% next financial year: Ministry of Finance
The Indian economy is projected to grow close to 7 per cent in the financial year 2024-25 that star…
ANI
A millennial who had a mini-retirement at 38 shares her strategies for achieving financial independence and why she wants to return to the workforce
Sabina Horrocks plans to re-enter the workforce after her mini-retirement, even though she and her …
Noah Sheidlower
2.7 million student-loan borrowers' accounts will be switched to a company that the Education Department previously punished for poor customer service
Navient announced it would begin outsourcing servicing of its privately held student loans to MOHEL…
Ayelet Sheffey
Justice Department calls for dismissal of the Corizon bankruptcy
Sen. Elizabeth Warren applauded the DOJ's intervention, saying, "Corizon does not belong in a bankr…
Dakin Campbell,Nicole Einbinder
Key student-debt relief programs are at risk if Congress doesn't boost Education Department funding, 25 Democratic lawmakers say
Following a botched FAFSA rollout and rocky return to student-loan repayment, Elizabeth Warren is c…
Ayelet Sheffey
Apple can't tell you iPhone sales are booming, so it's talking about 'services.' That's a problem.
Apple's Tim Cook wants Wall Street to focus on its services business, but that business is under th…
Peter Kafka
Student-loan borrowers facing bad customer service could be transferred to a 'high-performing' company if issues persist, Biden's Education Department says
The Education Department put student-loan companies on notice in new guidance: properly serve borro…
Ayelet Sheffey
58,000 PSU general insurance employees go on strike seeking pay revision
About 58,000 employees in the government owned general insurance and reinsurance companies are on s…
Biden's Education Department reveals the 4 groups of student-loan borrowers it's prioritizing for its second attempt at debt relief
The Education Department is moving forward with its second attempt at student-loan forgiveness. It'…
Ayelet Sheffey
Buy high-upside stocks in one specific corner of the financial sector as recession chatter gets louder, BofA says
American Express, Capital One, and other card issuers are "better positioned to withstand a weaker …
Carla Mozée
Student-loan borrowers eligible for debt cancellation might be 'forced back into repayment' anyway because of their servicer's poor customer service, 6 Democratic senators say
Sens. Bob Menendez and Elizabeth Warren were among lawmakers concerned with student-loan company MO…
Ayelet Sheffey
New York hides 'its poor, tired, homeless masses' ahead of UN session
City officials have cleared out homeless pavement dwellers from the area around the United Nations …
Sensex sheds 632 points, Nifty50 falls 187 points as PSU bank, financial services and IT stocks drag
Indian benchmark indices Sensex and Nifty50 plunged to day’s low on Tuesday. While Sensex fell over…
Government merges the Department of Public Enterprises with the Finance Ministry to bring better control over state-owned firms
Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry …
PTI
INTERVIEW: EY to hire 25,000 professionals in the tax department
EY, a multinational professional services advisory firm has said it will hire 25,000 tax profession…
A major student-loan lender is putting millions of borrowers 'at serious risk of financial harm' by filing a lawsuit to end the payment pause, Biden's Education Department says
"This lawsuit is an attempt by a multi-billion dollar company to make money" while forcing borrower…
Ayelet Sheffey
2 student-loan borrowers sued a major servicer over accusations it delayed their debt cancellation and 'forced' them to make extra payments
Student-loan company MOHELA got hit with a class-action lawsuit from borrowers who accused it of st…
Ayelet Sheffey
Some student-loan companies have 'derailed' debt forgiveness for public servants, a Democratic senator says — and he wants Biden's Education Department to expand the relief
Sen. Bob Menendez wants Biden to provide student-loan relief to public servants "improperly" steere…