Investment in ELSS Better than PPF, NSC: CRISIL
Recently a report from Credit Rating and Information Services of India Ltd (CRISIL) stated that investment in an Equity-linked Savings
Read moreSmart Living
Avoid Difference in Rates on Similar Term Deposits: RBI to Banks
The Reserve Bank of India (RBI) asked banks to avoid sharply difference in rates on deposits with similar maturities. RBI
Read moreUnion Budget 2012-13: Highlights
The Finance Minister of India, on 16th March announced the Union-Budget 2012-13 in Lok-Sabha. For the financial year 2012, the
Read moreRBI Imposes Norms on Non-Banking Finance Companies Lending Against Gold
The Reserve Bank of India (RBI) on 21st March, tightened rules for lending against gold by Non-Banking Finance Companies (NBFCs),
Read moreRealtors Unhappy With RBI’s Decision to Keep Policy Rates Unchanged
On 15th March, real-estate developers were very disappointed with RBI’s decision to keep key policy rates unchanged. These realtors sought
Read moreMutual Funds Increased By 2% to Rs.6.75 Trillion in Feb: Crisil
The Indian Mutual Fund Industry’s assets increased to Rs.6.75 trillion by the end of February from Rs.659 trillion in January,
Read moreEPF Rate Cut From 9.5% to 8.25%, Deepest Rate Cut in Decade
Government on 15th March has slashed interest rates on Employee Provident Fund (EPF) deposits to 8.25% from 9.5% for 2011-12
Read morePSU Insurers Set Up Common Mechanism for Settlement of Third Party Claims
Public Sector Insurance (PSU) companies are planning to work on new ideas to initiate better claim settlement. Recently the four
Read moreHike in Interest Rates on Small Savings Schemes
Finally some good news for small saving investors! The government is raising interest rates on small saving schemes such as
Read moreGold Ornaments vs. Bullion – What to Choose While Investing
Gold is highly valued metal throughout the world. Gold is the ideal diversifier for a portfolio. It brings stability to
Read moreWhy Investing in Gold May be a Bad Idea Today?
Gold prices have increased like never before and many people, particularly in India are withdrawing from other saving schemes and investing in gold. If you are one of them pouring money into gold, beware, gold prices may possibly fall down drastically.
Read moreBudget 2012: Tax Exemption on Interest Up To Rs.10,000 From Savings Deposits
The Finance Minister recently announced that individual taxpayers will be allowed a deduction of up to Rs.10,000 on interest earned
Read moreBudget 2012: Income Tax Exemption Limit Increased to Rs.2 Lakh
The Finance Minister in his budget-speech has announced raising the tax exemption limit to Rs.2 lakh from the current limit
Read moreBudget 2012: Govt. Announces Rajiv Gandhi Equity Savings Scheme
In order to increase retail participation in capital markets, Finance Minister recently introduced a tax exemption scheme for new investors
Read moreRailway Budget 2012: Hikes in Passenger Fares Across All Classes
The Railways Minister on Wednesday 14th March announced a marginal hike in passenger fares across all classes ranging from 2
Read more