The rates of interest on various small savings schemes for the third quarter of financial year 2018-19, starting October 1 and ending on December 31, 2018, has been revised, the finance ministry said while notifying the rates.
The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.
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
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
Overall, small savings have amassed Rs 1.17 trillion from April-September - 26 per cent more than the previous year. But in those six months, the economy lost 24 per cent in the first three months, and is slated to lose 10 per cent in the second quarter.
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.
Plan these investments well rather than just doing random investments at the beginning of the year or rushing in at the end, advises Harshad Chetanwala, co-founder, MyWealthGrowth.
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
Even if interest rates go down, they may continue to offer better returns than fixed deposits.
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.
While for the consumers, there is some gain and some pain, for India Inc, it's all about compliance, consolidation and parity
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.
NSC scores high on all three parameters that conservative investors are seeking -- safety, tax-adjusted returns and liquidity.
The abolition of wealth tax is again a welcome step.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
How investors can tweak their fixed income investments to earn more in the current environment.
For longer tenure products, they offer higher returns compared to other instruments. But for shorter tenures, things are getting tighter for investors.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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 govt has incentivised the worst of investment products.
'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.
The Child Protection Services programme under the Integrated Child Development Services was increased to Rs 1,500 crore from Rs 925 crore.
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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