In an affidavit filed by Union finance ministry on behalf of the Union of India, it said that the relief to all borrowers in respect of compounding of interest during the period of moratorium would be admissible to the categories specified irrespective of whether the borrowers had availed the moratorium or not.
Invest the amount you BURN every month on smoking cigarettes, drinking alcohol and eating out at luxury hotels according to this plan. The end result: Better health and higher savings.
Use credit cards with discretion and try to generate a net monthly surplus to avoid falling into a debt trap
'It is crucial to understand that the ultimate goal of your investments isn't to pay lesser tax, but to create long-term wealth for you and your family,' says Satyen Kothari, founder and CEO, Cube Wealth.
However, compared to August, vehicle sales increased by 15.25 per cent on the back of discounts. Maruti led the market in offering heavy discounts and incentives for buyers and dealers, reports Arindam Majumder.
Rating agency Crisil has said rising interest rates and the reintroduction of teaser loans by various banks would put an additional burden of Rs 6,000 crore (Rs 60 billion) on them.
For a petrol car with a Rs 500,000-600,000 price tag, an EV variant would not cost less than Rs 12 lakh, making it virtually unaffordable.
Nokia launches Nokia 7 Plus, 8 Sirocco series in India; relaunches Nokia 6 with new features.
The entire 'teaser rate' phenomenon only ended up benefiting lenders and developers at the cost of the loan consumers.
The ATMs are fully up now and customers can withdraw up to Rs 50,000 from Yes Bank as well as from other banks' ATMs.
Making an informed choice will help you save money and some hassles too.
Make the most of the income that you earn by invest the money in the right instruments. The advantages of starting early and investing right cannot be overstated, says financial planner Harshad Chetanwala.
By increasing your monthly EMIs by just a few thousand rupees you can actually end up owning your dream house in almost half the tenure saving lakhs in interest outgo. Read on...
The new rates will be effective from May 9.
'We have been telling the government that we need handholding.' So, we sent a series of recommendations to the government, but nothing happened.' 'And the condition of industry became worse.'
'A decade ago, even though the sentiment might have been felt in large parts of the media, it was not expressed.' 'There was a reserve and there was a culture that adhered to the principles expressed in the Constitution,' observes Aakar Patel.
Developers blame credit rates, bankers say prices too high.
Amid the protests against leading e-commerce firms, Flipkart and Amazon, shipments through the online route in fact witnessed a double-digit growth every quarter.
To begin with, these are among the cheapest in the loan market.
The move is likely to help 4.59 lakh housing units across the country.
The Income Tax Act, 1961 provides tax benefits for assessees that have home loans. Typically a home loan is repaid to the bank/lender in monthly installments.
Only those who opted for hybrid loans in the past couple of years will remain unaffected.
Home loan insurance covers the loan liability of the borrower.
Let not the smartness be confined only to your phone... Transfer it to borrowing too! Here's how
The ex-Marine is on a mission to capture the Indian market for heavyweight bikes.
The Banking Codes and Services Board of India offers a free of cost credit counselling service to individuals who have taken home loans, personal loans, vehicle loan or incurred credit card debt up to a maximum limit of Rs 50 lakhs.
Pay EMI for the entire sum, even if it is disbursed in tranches.
If you are in your 20s, renting out an apartment and under pressure from parents and peers to buy that dream home, just make these solid arguments to tell them why it just doesn't make any sense!
Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.
Defaulting on the payment is a serious offence and one must avoid it at all cost. But if at all you default on one, here's how to handle the tricky situation.
Every housing finance company, and every bank with a large housing finance exposure, will see loss of volumes in this quarter.
Correct your friends the next time they try to scare you; offer them tips on how they can improve their credit scores if they are poor borrowers
Most people taking a loan are not aware about what they would do in case they are unable to make the monthly payments towards the loan.
You need to especially focus on the clauses that affect the cash flows, such as interest rate and pre-payment charges.
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
Prakash Javadekar said the forest cover in the national capital has increased since then and public transport system has also improved.
To help you evaluate the two options, we list out the pros and cons of both sides. With different financial implications, the option that may suit you greatly depends on your financial needs. Read on to understand this.
The United States has said it wants Pakistan to implement UN curbs against three key financers who raised money for the Taliban and Haqqani network, a day after slapping sanctions on the leaders of these outfits.
A simple primer on how much money taxpayers can save under various sections of the Income Tax Act.
