Banks have been reluctant to transmit the entire policy rate cut by RBI to borrowers.
Post office savings of 1, 2 and 3 year term deposits and 5-year recurring deposit currently fetch 8.4 per cent interest per annum.
State Bank of India targets 35 per cent of the $5.5 billion Resurgent India Bonds' proceeds mainly through the new NRI schemes, Pravasi Vaibhav and Pravasi Samriddhi, even after the Reserve Bank of India tightened the NRI deposit norms on Monday.
The saffron party promised a "direct payment of a proportionate bonus" to small and marginal farmers -- those owning up to five acres of land.
As per the EPFO income projections, retaining 8.8 per cent rate of interest for the current fiscal would have left a deficit of Rs 383 crore. Hence, it was lowered to 8.65 per cent
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
NSC scores high on all three parameters that conservative investors are seeking -- safety, tax-adjusted returns and liquidity.
Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.
While for the consumers, there is some gain and some pain, for India Inc, it's all about compliance, consolidation and parity
Before you file your income tax return this year, have a look at the amendments that might help you take the most possible tax benefit.
Even if interest rates go down, they may continue to offer better returns than fixed deposits.
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
The popular Five-Year National Savings Certificates will earn an interest rate of 8.1 per cent from April 1 as against 8.5 per cent, at present.
How investors can tweak their fixed income investments to earn more in the current environment.
Bandhan financial Services will raise funds via internal accruals.
For longer tenure products, they offer higher returns compared to other instruments. But for shorter tenures, things are getting tighter for investors.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
The abolition of wealth tax is again a welcome step.
Many hurdles that investors could have faced after enrolling for the scheme have been removed.
The next revision will make the rates similar to those of bank FDs.
The bench said it is evident that there was a difficulty for the group to sell its properties to arrange Rs 36,000 crore
A Cabinet note of the much-awaited legislation is ready and is likely to be put before the state Cabinet in the next 15 days.
In the first-ever separate resolution on foreign policy brought in its National Executive in Bengaluru, BJP attacked the previous Congress-led Government, saying "a cursory glance at the 'lost decade' of the UPA, reveals retreat and a loss of direction in engaging with neighbours, ham-handed diplomacy vis--vis Pakistan and a blind-spot in our foreign policy to the Indian Ocean island states."
The govt has incentivised the worst of investment products.
The Child Protection Services programme under the Integrated Child Development Services was increased to Rs 1,500 crore from Rs 925 crore.
'Where in the world you get 12.5 per cent return of interest?'
There will be higher charges for bank account-holders.
Sandeep Shanbhag offers tips on post Budget taxation rates.
Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
In an online chat with readers a few hours after the Union Budget 2015-16 proposals were announced by Finance Minister Arun Jaitley, Sundeep Agarwal, Director, PwC India, answered related queries to help put the announcements into perspective.
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
Simple takeaways from the Union Budget 2015-16 and how it impacts your life
Indian economy about to take-off
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