Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
More rural women are having babies in government hospitals. Facilities have improved, but Bihar has is a long way to go in public health.
Here's what Headley told the court on Thursday:
The Public Provident Fund is one of the safest and convenient modes of investment.
In a major crackdown on domestic shell companies, the government on Friday decided to take "harsh punitive" action, including freezing of their bank accounts used to launder money or evade taxes.
For the wealthy, post-tax returns of debt funds would work out better
If you're a salaried person there are many ways to save taxes
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
By evaluating their loan rate against the best available every year, borrowers can achieve considerable savings over the entire tenor, suggests Sanjay Kumar Singh.
Clarifying on reports that it cannot scrutinise tax returns of political parties, CBDT said: "There are enough provisions in the Income Tax Act to scrutinise the accounts of the political parties and these political parties are also subject to other provisions of income tax including filing of return."
It is best to invest long-term surplus in stocks or equity mutual funds.
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
Here is Rediff.com's selection of some stories from Thursday that you may not have read in the morning newspaper.
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
RBI's licensing norms require a bank to bring down promoter holding to 40 % within 3 years of operation - which, for Bandhan Bank, will be by Aug 23
'When an institution believes its knowledge and capability is superior to everyone, it behaves like a frog in the well.' 'And this is precisely the cause for the mess,' says J N Gupta.
While you can land a very good bargain in an auction at times, you might need to deal with illegal occupants and dues on the property
The patience, discipline, and resolve displayed by 125 crore Indians, will play a critical role in shaping the future of the nation for years to come, the PM said.
All of us have made these mistakes, so let's begin by seeing how many of them we can avoid/minimise...
Clusters of policemen and television journalists alertly anticipated the arrival of Mumbai's joint commissioner of police, who, it was confirmed by most people I asked, does not visit court often. No one could remember when they had last heard of Deven Bharti appearing as a witness in a murder trial.
Even after filing your income tax return online, your job won't still be over! Here is a six-point checklist for taxpayers to be observed after e-filing of ITR.
The bankers also alleged that the Rs 594-crore claim at this point of time is a clear-cut tactics of UBHL to delay the process of justice, knowing fully well that the case is on the verge of disposal.
The government has also announced a slew of measures to ease cash flow for the rural sector.
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.
Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.
Doctor who conducted the post-mortem says the child died of excessive bleeding.
For 70 years the country has been looted, give me 70 months I will clean it up, he said.
The non-watchlist stress emanated from over five year-old loans in the iron and steel, infrastructure and construction sectors.
'Scindia's willingness to consort with the BJP, a party he has rightly, and eloquently, excoriated in various speeches and statements in the recent past suggest a shallowness and hollowness of convictions and principles.'
A Ganesh Nadar/Rediff.com speaks to common folk in Tamil Nadu about whether they will invest in Arun Jaitley's gold monetisation scheme. Their reactions will not make the Union finance minister happy.
The objections were filed after Airbus failed to repay Rs 196 crore, availed by the aircraft-making company on behalf of Mallya-controlled Kingfisher Airlines
The Central Bank has stonewalled almost every RTI query pertaining to demonetisation citing one or the other reason.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
L K Advani has less to lose because he has actually lost what is vital in politics. His support base within the party is lost because the party thinks Advani can't help the BJP regain power. Since Modi is vulnerable, Advani, now and then, hits the headlines. Rediff.com's Sheela Bhatt explains the Advani Affair.
At the prison, both Ranjan and Manglik's cell phones were pressed into service by the CBI. Why the CBI didn't bring its own equipment seems a mystery... Ranjan's cell handset was given to Indrani and Manglik dialed it. Indrani then spoke and her speech, that emanated from the phone, via speaker mode, was recorded.
A section of analysts feel now may not be a bad time to buy select PSBs.
Fund managers weren't too worried in 2014, as it was a year of positive surprises.
If you are not already lost in the zeros this wealth stands at Rs 257 lakh crore or Rs 257 trillion, according to a report unveiled by Karvy Private Wealth for the year 2014.
After giving negative or low returns from 2013-2016, the Nifty Realty Index is up a whopping 91.14 per cent, making it the best performer year-to-date. Can you still make money in this sector? Sanjay Kumar Singh finds out.
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