The country's largest lender State Bank of India on Wednesday said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis points across various tenures, effective March 10. The bank has reduced its one-year MCLR by 10 basis points to 7.75 per cent from the earlier 7.85 per cent, SBI said.
In an online chat with Get Ahead readers on February 6, Anil Rego, CEO, RightHorizons, answered their queries on saving tax.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Senior Bharatiya Janata Party leaders Ravi Shankar Prasad and C P Thakur were detained in Patna on Thursday during a protest against the Congress-led United Progressive Alliance government over Foreign Direct Investment in multi-brand retail and the hike in diesel prices. Several other opposition leaders have also been detained by the police.
Says fiscal trajectory has changed for the better over the past months.
International multi-brand retail chains have all pushed their India plans to 2013.
If used well, it can bring a host of benefits.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Airplanes are fascinating and air travel is crucial for business and leisure. The number of people travelling by air has been increasing at double-digit levels over recent years. Low single-digit penetration provides adequate scope for growth.
Talks are underway to allow banks from both the countries to open branches in each other's territory.
The searches are in connection with alleged violation of foreign direct investment norms that is linked to an earlier case of revocation of Foreign Contribution (Regulation) Act licence of the NGO by the Union home ministry in 2010, the ED said.
If oil prices rise, the government would face an uncomfortable political decision.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Defence Minister A K Antony and Army Chief General V K Singh will attend a function at Udhagamandalam on April 3 to mark the 98th birth anniversary of Field (Fd) Marshal Sam Manekshaw.
Higher returns, more liquidity draw individual investors to savings accounts.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
New ITR form may be simpler, but some changes could stump you.
In this interview with Rediff.com's Shobha Warrier, Ashok Kumar E R, the CEO and co-founder of Scripbox shares some more interesting observations about the way Indian women make financial decisions and offers advice on how, with the apt guidance and information, they could do a lot better.
On scrutiny, Shield Plus has no special advantage over a fixed deposit.
Investors often get very excited when banks and companies offer returns of 8 per cent and 10 per cent because they seem extremely high.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Bank FD rates are expected to go down in the near future. Lock in now if you want stability as well as returns
The government's borrowing programme will adversely impact returns from debt funds. Choose your funds carefully.
For longer tenure products, they offer higher returns compared to other instruments. But for shorter tenures, things are getting tighter for investors.
Each financial product is governed by a different regulator and the rules for gifting vary, points out Tinesh Bhasin.
The higher the tax bracket, better the yields for these instruments
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.
Depending on your liquidity requirement, invest in the right debt instruments.
An FMP offers the advantage of lower tax in comparison to a bank FD.
Keeping an eye on interest rates can help you earn better returns from your fixed deposit investments.
The Non-Resident Indians (NRIs) living in the US, UK, Canada and Singapore can now avail the benefit of a lesser tax deduction on their Non-Resident fixed deposit with ICICI Bank, a top bank official said in Mumbai. The NRO FD Plus offers the benefit of concessional rate of tax deducted at source (TDS) under the Double Taxation Avoidance Agreement (DTAA) of India with these countries, ICICI Bank General Manager and Head NRI Services Manish Mishra said.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Thanks to Budget 2018, seniors can invest more and also save more.
Chartered accountant and Sebi registered investment advisor, Harsh Vardhan Roongta, answers your home loan queries
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'Investors need to diversify at least 30% to 50% of their liquid wealth across different markets, asset classes, and instruments across the world.' 'Do this with proper guidance and advice.' 'Global investing is complicated, but if done right, is extremely rewarding.'
Resident individuals can acquire and hold immovable property or shares or any other asset outside India without prior approval of the RBI.
