'Whether it is the unions or the politicians, they don't have to do politics over Air India, but be guided by a solitary factor -- that we don't want Air India to fly into oblivion.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
ICICI Bank's new offer is for those with savings in fixed deposits but no immediate liquidity
The Supreme Court asked the Centre and the RBI on Monday to place on record the K V Kamath committee recommendations on debt restructuring in view of Covid-19 related stress on various sectors as well as the notifications and circulars issued so far on loan moratorium.
The accumulated interest will increase the principal and you will have to pay a higher rate. Borrowers should take the restructuring plan only after they are convinced they have exhausted all other options.
Home loan lenders not giving you enough loan to buy a home? Here's how you can make them increase your home loan eligibilty.
Besides being young, one might also have to be a professional or self-employed.
Received a hefty windfall and don't know what to do with it? Here are 5 smart ways to manage it.
Card-based EMI transactions dropped about 60 per cent in the first week after demonetisation and then recovered steadily. However, these are not yet back to the levels before November 8.
Your high expectations and attachment to certain property can make you buy property which is not financially suitable.
Apart from SIPS and STPS, value- averaging can help investors make more money, says Devangshu Datta.
Weak consumer sentiment across urban and rural markets due to slow farm inflows, subdued agri-commodity prices, rising cost of ownership as a result of regulatory changes including safety, emissions, vehicle registration, along with a rise in interest cost/EMI, have impacted demand.
HDFC Bank on Monday said it aims to regain the two per cent market share in the credit card market it ceded to rivals during a recent ban, within a year by aggressively tapping into its existing depositor base. The bank will also focus on forging new partnerships to sell more cards and will not deviate from its conservative approach on taking credit risks as it goes aggressive in the market, its group head for payments and consumer finance, digital banking and IT, Parag Rao, told reporters. On August 17, RBI lifted the ban on HDFC Bank which had prevented it from issuing new credit cards from December 2020.
Home buyers should look at smarter options before taking a loan.
It should cover mandatory expenses, insurance premiums and loan installments for six months to a year.
Despite these advantages consider your options carefully and make a decision based on your abilities and your financial goals, says Abhishek Agarwal.
Ekta Kapoor's gangster drama Once Upon A Time In Mumbaai completes its 10 years on July 30.
Finance Minister Nirmala Sitharaman on Friday announced a slew of measures to boost economic growth and address distress in various sectors
With banks taking the cue from RBI to hike rates, home buyers will have to take serious measures to keep their finances under control.
'People can start making a safety net, and that safety net should be at least three months of your monthly salary.' 'If somebody is earning Rs 25,000 then s/he should have at least Rs 75,000 in her/his bank account, so that if anything like this (lockdowns) happens in the future, they are not struggling.'
Every financial plan needs to be tweaked periodically.
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
While there is easy access to money, the flip side is the high interest rate and processing fees, points out Sarbajeet K Sen.
Most buyers are forced to back off in the face of delays because of the appreciation of the property.
Paying your increasing home loan EMIs can be quite a task to meet. Here are a few dos and don'ts that can help you sort out your loan problem.
"Any payment above EMIs is considered as payments towards the principal and would result in shorter tenure. This, in turn, will lower the total interest amount you pay on your home loan."
'When the country is jobless, why should I pay through my nose to feed these people who want some perks in office?' 'Let them also join India's unemployed.' 'Let them also taste the bitter medicine of being jobless.'
Sell the property if bought for investment purpose.
India's manufacturing expanded at a faster pace than China
An equated monthly installment (EMI) is the amount of money that is paid back to the lender on a monthly basis.
A fall in home loan rates since last September as well as a few provisions in the Union Budget 2016-17 are working in favour of the home buyers, says Rajiv Raj
'Your faith in the system, and in the fact that you are a citizen of this country and have rights, starts eroding.'
When interest rates rise, so does the EMI of your home loan. There are two ways in which you can deploy surplus funds to reduce the EMI. For maximum benefit, you can combine the two options.
'Initially, I was reluctant about being friends with him.' 'He was a star.' 'It took me a while to understand him, and when I did, I opened up to him and we started talking about this and that and whatnot.'
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
HSBC India has announced a new home loan package offering to pay back part of the interest to borrowers. Yes, like the foreign bank claims, it is a first in the home loans business. But if one takes a careful look, it might not be such a big deal after all.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
