In an online chat with Rediff.com readers, personal finance expert Anil Rego answered queries about the new tax regime announced in the Union Budget.
Over the past few quarters, the auto industry's sales had been badly hit due to the recession. As a result, auto companies, distributors as well as direct selling agents are doing their best now to sweeten the deal for prospective customers.
'The people let off by the NBFCs have little bargaining power and willingly settle for a 20% to 25% cut in their existing salaries when hunting for new jobs.'
In a major relief to component suppliers in the nuclear energy sector, the government on Tuesday said they will not have any "obligation" if there is any liability. However, the major suppliers, for instance companies building the reactors, will not be absolved if there is such an eventuality.
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
Most NBFCs will have to slow down their loan growth. Some of the most leveraged will have to sell a part of their assets (or loan book) to banks to raise incremental capital. Others may have to knock on the door of their deep-pocketed parents.
To arrest the rupee slide, RBI on Monday increased FII limit in government bonds to USD 20 billion, while allowing up to USD 10 billion from overseas borrowings by India Inc for refinancing rupee loan.
Enjoying the backing of the regulator, Gill has identified the core problems, ring-fenced the banks from "influencers" and is in the process of building a new team. Now, he needs to play a Vikram Pandit for YES Bank, says Tamal Bandyopadhyay.
Commercial banks have not yet reduced their lending rates.
Some important investment options like fixed annuity, bonds, life insurance and equity among others can help you in fulfilling your goal. The details...
According to the RBI proposal, companies can now take the ECB route for raising 10-year funds which is capped at five years now.
Transcript of the insurance chat held on August 22, 2006.
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
Covering your own damage, especially if the vehicle is old, is very important
Those just starting their careers should avoid adding to their liabilities, especially if they already have an education loan. They should think hard before taking a car or home loan.
'The world does not care about the tension on our border.' 'India has to emerge as a strong economic power.' 'Respect comes when the world sees a country with a direction and leadership that has a vision,' points out Ramesh Menon.
Get Ahead brings you super tips to spruce up your home, an early retirement strategy, style tips and lots more great stuff!
'If I don't fulfil promises made in it, I can be sent to jail,' he said.
The one thing holding back the plucky youngster who has never hesitated to plunge into unknown territory, is funds
A Madhya Pradesh farmer has claimed that he lost his crop because of Prime Minister Narendra Modi's proposed rally in the state on February 18.
In terms of stock selection, India continues to benefit from two phenomena - the big getting bigger and availability of quality stocks in relative abundance compared with its Asian peers.
He said the first decision of the cabinet was to approve Rs 20 crore fund for conserving Raigad Fort, which was the capital of Chhatrapati Shivaji Maharaj.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Received a hefty windfall and don't know what to do with it? Here are 5 smart ways to manage it.
Facing a battle of prestige in the June 12 by-polls, the ruling Congress appears to be going all out to take credit for various welfare schemes launched by late Y S Rajasekhara Reddy, while distancing itself from the graft allegations linked to his tenure as chief minister.
'Is baar vote jati par nahi, kaam par milega.'
'It really doesn't matter that investors getting allotments sell their IPO stock holdings on listing day because a new set of investors are entering.' 'This explains the continued rise in stock prices even after the first day of listing.'
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
But it is disappointing to note that Sitharaman's third Union Budget continues to promote a few problematic ideas, observes A K Bhattacharya.
A few tips on how to be prepared for the uncertainties that may come our way.
'The shadow banks are currently facing a liquidity and solvency crisis.' 'The danger is that it could potentially engulf the entire financial system because shadow banks have borrowed huge amount of money from banks, mutual funds, pension funds, and insurance companies.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Many nations, especially in Europe, are finding it hard to carry out the austerity measures.
If you're a salaried person there are many ways to save taxes
They opt for upfront discounts rather than reduced interest rate offers.
Majority of the respondents said that they have been falling behind financially and their standard of living has deteriorated.
The tax rate rises to 10 per cent, 15, per cent, 20 per cent and 25 per cent for every Rs 2.5 lakh addition. A 30 per cent tax is charged for income over Rs 15 lakh.
