There is a perk for donating to parties. An individual who makes an eligible donation is entitled to get 100% tax deduction under Section 80GGC of the Income Tax Act.
After a gap of about five years, a public sector bank (PSB) has decided to rope in a cricketer to boost its brand.
Only in case of equities will the nominee will automatically get the money.
The first step that has been taken by IIB is to bring out unique identity numbers for hospitals.
With RBI likely to make credit costlier and banks to follow, some ideas on switching money to be able to do this.
Event-based volatility could rise in the near future, increasing arbitrage opportunities.
RBI's draft guidelines prescribe that banks with a strong capital base and NPAs below 3% can become brokers.
CBDT recently lowered threshold for this to Rs 8,333 a month. If you don't furnish this, a higher tax will be deducted at source from your income.
According to Insurance Regulatory and Development Authority recommendations, a uniform grace period of 30 days is extended for annual, half-yearly and quarterly renewals, and 15 days for monthly renewals.
Life Insurance Corporation of India (LIC) on Friday got its first female managing director and another new MD.
While Visa and Mastercard slug it out for leadership, analysts say RuPay has the potential to cause disruption and eat into their market share.
The Indian Nuclear Energy Pool, meant to insure risks from nuclear reactors, may take longer to be set up. While the idea of forming a pool was mooted earlier this year, it has reached a deadlock owing to differences among the stakeholders on certain clauses.
Experts say only three per cent individuals pay taxes.
Most insurers aren't comfortable with subscribing to the National Pension System as they see it as competition.
For FY14, the first full year of the law's implementation, the spend could go up to nearly Rs 8,700 crore (Rs 87 billion), given that India Inc's profitability has grown at a compounded 7.5 per cent annually in the past three years.
Directors that are shareholders will also face more problems.
The insurer plans to hire about 2,00,000 agents this financial year.
More than a decade after it entered the market, Naukri.com, Info Edge (India) Ltd's recruitment services portal, has about 50,000 customers and about 120,000 job listings.
A rebounding and steady market is a good time to weed sectors and funds that tend to drag the portfolio.
The rupee, which has depreciated about 23 per cent since May, has increased the loss ratios for the travel insurance segment.
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