day after Finance Minister Nirmala Sitharaman announced a Rs 1 lakh crore spending package, a top government source said the Centre has not closed its options for another stimulus package.
The Reserve Bank of India's latest data indicate that spending per card is rising steadily - something that consumers should worry about
Reduced EMIs may be very appealing to borrowers because of a lesser burden on a monthly basis, but there is a catch to it. If the tenure remains unchanged, there is a higher interest outgo.
When taking a loan, it is important to look at various factors, and not just the interest rate, says Tinesh Bhasin.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Hemmed in by barricades and police and paramilitary swarming all over the place, the troubled Jahangirpuri on Friday showed signs of returning to normalcy, with the local peace committee calling for communal harmony and members of the warring communities embracing each other, agreeing to let bygones be bygones.
Central government employees availing the LTC cash voucher scheme can purchase goods or services in the name of spouse or other family members eligible for LTC fare. The second set of FAQ issued by the Department of Expenditure also clarified that an employee can claim reimbursement for the purchase of goods and services, attracting GST of 12 per cent or more, on or after October 12 even if he/she has not formally exercised the option of availing the scheme.
There was no relief for existing home buyers who are stuck in stalled projects and are paying both rent and EMI on their home loans.
Opt for balloon schemes if you are capable of paying a large instalment upfront
'Are they assuming that by the end of May or the 15th of June, we will see the end of the pandemic?'
How will the RBI announcement on loan moratorium work for those with home loans, auto loans, personal loans, consumer durables loan? Here's what experts have to say.
You can build your credit score and get tax benefit, but defaulting will make life difficult.
A large percentage of total tourism business activity of India, which is estimated at $28 billion+ in forex and upwards of Rs 2 lakh crore in domestic tourism activity will be at economic risk through the year.
The extra tenor that you are eligible for will come in handy if the interest rate increases.
Over a five-year period, the benefit of a sharp drop in interest rates would mean saving Rs 76,880 -- a significant number. But if the rate cuts are slimmer, say 25 bps or the number of years left is barely one or two years, shifting may not make too much sense.
There will be an automatic reduction in interest rates of all floating rate loans anytime soon.
High-end brand experiments with EMIs via credit cards to push market share.
Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts.
The guild, which claims to represent around 1,100 of the 1,600 Jet pilots, had earlier warned to go on strike from April 1, unless their salary dues were cleared and clarity was provided on future payments by March 31.
When does it make sense and when does it not?
Vodafone India on Thursday launched tariff plans wherein customers can get calls, SMSes and 3G data bundled with an iPhone starting at Rs 2,099 per month.
If you have availed a home loan from an NBFC, you can shift your existing home loan to a bank and benefit from the MCLR regime, suggests Ratan Choudhary, head - home loans, Paisabazaar.com.
With the airline's operations suspended, how are you navigating this crisis?
The bank also announced that it will reduce its external benchmark linked lending rate as well as repo linked lending rate by 40 basis points from July 1.
'The digital trust level has drastically gone up due to Covid, not only in tier-I and II cities, but also in tier-III, IV and V geographies,'
While interest rates on home loans have come down by four per cent some existing borrowers end up paying fatter EMIs. Here's how you can change all this.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
If your are hassled with too many EMIs, bring them all under one umbrella and pay a single amount
'Political parties are following the Divide and Rule policy to break the unity of farmers.'
If one is an existing borrower or looking for a loan, there's reason for cheer.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
To overcome your fear of the property being taken over, draw an ironclad agreement with a good lawyer's help, recommends Sanjay Kumar Singh.
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
MCLR-linked loans are more responsive to RBI's rate movements, and rate cuts may be transmitted to borrowers in a manner useful to them.
In a statement, Gandhi urged Prime Minister Narendra Modi and the government to increase the number of testing facilities across the country and make public the details of hospitals and medical facilities through a dedicated portal.
While the stress is lower than projections, it would be higher than what we saw last year because of the pandemic: Axis.
'Some companies have agreed to 2-3% incentive but the automakers and SIAM have to decide amongst themselves'
How well do you know your home loan. Take this quiz and find out.
'We feel EMI holidays should pick up now.' How travel companies are trying to win customers after demonetisation.
India's central bank raised its policy interest rate for the second time in as many months on Tuesday, warning that inflation is likely to remain elevated for the rest of the fiscal year, and rolled back an emergency measure put in place to support the slumping rupee.
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