SBI has twice hiked interest rates on fixed deposits within a month, but an investor still gets better returns at the post office.
'My suggestion to everyone would be: Never ever break your savings and investments,' advises Vikash Sanganeria.
The NBFC was registered on December 1998, with an office in Lucknow.
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
Individuals could soon lose tax benefits available on fixed deposits with an over five-year term once the direct taxes code comes into force from April 2011.
A bank account is a must to get the refund and those without it have been asked by Sebi to open an account with a scheduled bank.
The Pakistani military may shortly give Imran Khan the boot, substituting him with another puppet, predicts Lieutenant General Prakash Katoch (retd).
The recently approved government scheme provides both liquidity and returns.
A sackful of coins totalling Rs 1.75 lakh, certificates of fixed deposits of Rs 8.77 lakh and Rs 96,000 in bank savings accounts found at his home.
Consolidating its position, the Bharatiya Janata Party wrested high-profile Rampur and Azamgarh Lok Sabha seats in Uttar Pradesh from the Samajwadi Party and won three assembly seats, including that of Chief Minister Manik Saha, in Tripura in by-election results announced on Sunday.
Faced with a tight monetary situation, the Reserve Bank of India (RBI) has sought data from the mutual funds on their debt investments. These include investments in certificate of deposits (CDs), pass-through certificates (PTCs) and commercial papers (CPs).
'I had performed the 'nikah' of Sameer Wankhede and Shabana Qureshi. Her father had approached me to perform the marriage in the Lokhandwala complex area of Mumbai. The groom's name was Sameer Dawood Wankhede who married Shabana Qureshi'
The next revision will make the rates similar to those of bank FDs.
People are increasingly being drawn to trusty small savings instruments
The Indian Post Payments Bank will be a boon to Indians who live in rural areas. India has 154,000 post offices, of which 139,000 are rural.
Banks and mutual funds in India are earning abnormally high returns in money markets by breaching Reserve Bank of India rules forbidding forward trades.
'If you retain your account with the EPFO for 10 years, you get a life-long pension.'
The amount saved in a PPF account is actually saving for a rainy day.
God forbid, if bad days fall upon someone and debts pile up. A fascinating excerpt from Anil Lamba's Financial Affairs Of The Common Man: Master The Art Of Personal Finance Management.
Proper documentation can help take half the pain out of filing your income tax return, says Amar Pandit.
If the interest rate on bank deposits is linked to any external benchmark, it would jeopardise the banks' fund-raising ability. Interest rates on small savings schemes are likely to be reduced very shortly, to maintain parity. All these steps would indeed affect retired people, and particularly those dependent on interest income, says Arindam Gupta.
Among other things, the model code of conduct bars the government from announcing any policy move that may impact voters' decision.
This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.
The Enforcement Directorate on Thursday questioned Congress chief Sonia Gandhi in a money laundering case related to the National Herald newspaper and summoned her for a second round of questioning in the case on July 25.
The PM has assets worth Rs 2.5 crore including a residential plot in Gujarat's Gandhinagar, fixed deposits of Rs 1.27 crore and Rs 38,750 cash in hand.
The activist, who advises various farmer organisations, was arrested when Assam was witnessing widespread protests against the Citizenship (Amendment) Act.
The income-tax department on Thursday nudged black money holders to make "honest" disclosures under the tax amnesty scheme -- Pradhan Mantri Garib Kalyan Yojana -- warning that non-declaration could attract 77.25 per cent tax and penalty along with prosecution.
The continuing fiscal stimulus is heavily tilted towards capex, to the extent that it chips away a part of revenue spending. Accounting for other areas of revenue expenditure, such as salaries, pensions, subsidies and defence (committed spend), the room to spend on welfare schemes, health and education will narrow in FY22.
Inspector Sharma of the Special Cell of Delhi was killed during the 2008 Batla House encounter in Jamia Nagar in south Delhi.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The Bureau of Indian Standards has certified 33 hallmarking centres in the country to act as collection and purity testing centres for the gold monetisation scheme.
The Central Board for Direct Taxes on Friday said a black money declarant under the PMGKY scheme will be allowed to file declarations under the stipulated Form 1 by April 10, if tax and penalty is paid by the deadline that ends on March 31 (Friday).
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
In a bid to support revival of sectors hit most by the Covid-19 pandemic, Reserve Bank of India on Friday decided to open a separate liquidity window of Rs 15,000 crore for certain contact-intensive sectors like hotels and restaurants, tourism and aviation ancillary services.
The 44-player industry logged assets under management of Rs 26.33 lakh crore in October-end, as compared to Rs 27.04 lakh crore by November end, representing a growth of 3 per cent. Among debt-oriented schemes, overnight funds received flows worth about Rs 20,650 crore, the highest among the fixed-income segment last month.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
Indrani was spiritedly telegraphing details of the jewellery from the back of the court...
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
