Use this window to lock into bank FDs; unless govt cuts small savings rates, banks may not cut deposit rates
Pradhan Mantri Jan Dhan Yojana and Make in India -- are not covered here.
One of the big takeaways from the recently released data on India's merchandise trade is that gold imports have, once again, skyrocketed.
Overall, small savings have amassed Rs 1.17 trillion from April-September - 26 per cent more than the previous year. But in those six months, the economy lost 24 per cent in the first three months, and is slated to lose 10 per cent in the second quarter.
The next revision will make the rates similar to those of bank FDs.
Post office savings of 1, 2 and 3 year term deposits and 5-year recurring deposit currently fetch 8.4 per cent interest per annum.
'Decide on an asset allocation you are comfortable with and stick to it for the long term.'
Here's how EPF stacks against other investment options
Expect more volatility in the coming year as the economy and markets price in the demonetisation drive.
'Where in the world you get 12.5 per cent return of interest?'
As education loans are given on a floating-rate basis (and not fixed), one needs to account for probable spikes in the EMI while choosing the loan tenure. Loans are available for up to 15 years, which could lower your EMI and ease your repayment burden, advises Mohan Jayaraman.
Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
Elections are scheduled in five states of Uttar Pradesh, Uttarakhand, Manipur, Goa and Punjab.
Asserting that Uttar Pradesh has undergone a complete transformation under his government, chief minister Yogi Adityanath said on Sunday that there have been no riots since 2017, strict action has been taken against the mafia and the state is in the frontline of implementing welfare schemes, ensuring the ease of doing business and fighting the COVID-19 pandemic.
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