Personal Wealth
Beware! Cheque bounce can lead to hefty penalty and imprisonment
Keep sufficient funds in account, fill cheque details accurately and legibly, and ensure your signature hasn't changed
 "Beware! Cheque bounce can lead to hefty penalty and imprisonment")
PAN-Aadhar link to ITR filing: Complete these 5 financial tasks by March 31
From linking PAN card and Aadhaar Card to submission of updated income tax return (ITR), failure to meet these deadlines may lead to financial losses
 "PAN-Aadhar link to ITR filing: Complete these 5 financial tasks by March 31")
Budget 2023: Income tax slabs changed under new tax regime. Details here
Income Tax Rates and Slabs: Under the new tax regime, the highest tax rate of 30% will be levied on income above Rs 15 lakh
 "Budget 2023: Income tax slabs changed under new tax regime. Details here")
Contact the bank if you have not signed the new locker agreement
While new rules enhance banks' accountability, buying locker insurance is added protection
 "Contact the bank if you have not signed the new locker agreement")
Dollar millionaires in India rise 11% in pandemic-hit 2021: Survey
Dollar millionaires or those possessing a personal wealth of over Rs 7 crore rose by 11% to 4.58 lakh households in India at the end of the pandemic-hit 2021, says a survey.
 "Dollar millionaires in India rise 11% in pandemic-hit 2021: Survey")
Indian cricket hero named in data leak on offshore dealings of superrich
A worldwide journalistic partnership quoting leaked documents called the Pandora Papers claims to have uncovered financial secrets of powerful figures in 91 countries, including India.
 "Indian cricket hero named in data leak on offshore dealings of superrich")
Covid leaves Indian adults poorer by 6.1% in 2020: Credit Suisse
The drop in the wealth of Indian adults in 2020, according to Credit Suisse, was amplified by exchange rate depreciation
 "Covid leaves Indian adults poorer by 6.1% in 2020: Credit Suisse")
China, India rise in wealth index, US remains world's ultra-rich hot spot
There are 60,000 ultra-high-net-worth individuals worldwide with a combined $22 trillion.
 "China, India rise in wealth index, US remains world's ultra-rich hot spot")
Despite Covid, Indian adults see wealth rise 0.7% in H1-20: Credit Suisse
The total household wealth in India during this period, according to their estimates, rose 1.7 per cent to $246 billion
 "Despite Covid, Indian adults see wealth rise 0.7% in H1-20: Credit Suisse")
The rise (and rise) of the family office
Unicorns are toppling older industrialists who have got quashed under debt and distracted diversifications
 "The rise (and rise) of the family office")
India's personal wealth may grow at a CAGR of 13% to $5 tn by 2022: BCG
India is also expected to become the 11th wealthiest nation globally by 2022 in terms of total personal wealth, improving its rank by four places from 2017
 "India's personal wealth may grow at a CAGR of 13% to $5 tn by 2022: BCG")
Billionaires and millionaires now control half the world's personal wealth
Personal wealth around the globe reached $201.9 trillion last year, a 12 per cent gain from 2016 and the strongest annual pace in the past five years, Boston Consulting Group said in a report
 "Billionaires and millionaires now control half the world's personal wealth")
