People who are close to retirement and don't intend to go back to full-time work again should deploy a part of their VRS money in equities so that it keeps growing at a faster rate.
The draft amalgamation scheme of Punjab and Maharashtra Co-operative (PMC) Bank with Unity Small Finance Bank (SFB) allowed quick relief to depositors with savings of up to Rs 5 lakh, but a long wait for those who had their nest egg with the scam-tainted bank. If the scheme gets approved, 96 per cent (or 880,000 of 924,000) depositors will get their full money straightaway after PMC is merged with Unity SFB. According to the draft scheme, retail investors may get up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC) instantly, and then some more in phases till they can recall their full deposits after 10 years.
Prime Minister Narendra Modi on Thursday reviewed the impact of Covid-19 on the Indian economy and a possible second stimulus to boost sectors hit hard by the pandemic. Modi held discussions with Finance Minister Nirmala Sitharaman as the pandemic hit sectors from small industries to the aviation sector hard with millions of jobs at stake.
The Budget has levied a pollution cess on petrol, diesel cars and SUVs and offered a one-time compliance window for domestic black money holders slapping a tax and penalty of 45 per cent.
The calculation is based on annual usage of eight cylinders per household.
Moily walked from his residence at 3, Tughlak Lane, to the Race Course Metro Station, where he boarded a Yellow Line train and alighted two stops later at the Central Secretariat station, a short walk from Shastri Bhawan, the seat of the Oil Ministry.
Indian economy is doing well and the performance of domestic stock markets is not as bad as that of other nations.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
The biggest catch in a reverse mortgage is that you cannot move out of the house
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
An Aadhaar card can fast-track the KYC procedure for some instruments.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
In an online chat with readers a few hours after the Union Budget 2015-16 proposals were announced by Finance Minister Arun Jaitley, Sundeep Agarwal, Director, PwC India, answered related queries to help put the announcements into perspective.
It is best to invest long-term surplus in stocks or equity mutual funds.
Archit Gupta on how can you maximise your savings and reduce your taxable income.
Jaitley's fifth Budget has provided little relief to the middle class.
TDS merely means the bank will pay you the entire interest amount without forwarding the tax on it to the government.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Retirees have better options that offer liquidity, better returns and are more tax-efficient.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
Converting what was supposed to be an interim budget or a vote on account into an almost full-fledged budget announcement in the Lok Sabha, Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers, whose disenchantment was said to have cost the BJP dearly in recent assembly elections.
While regulators are trying to do their bit, the onus is on you to prove it.
These homes offer services that help lead a smooth retired life.
Investors and EOW waded through a maze of legal obstacles to get their hands on the 'kingpin'.
The bench referred to the June 9 judgement passed by the apex court in which it had upheld the validity of an Income Tax Act provision making Aadhaar mandatory for allotment of PAN cards
'What is critical today in India is confidence of depositors.' 'If you have these kinds of problems spreading like this, the confidence level of a lot of people in the system gets shaken.'
To help the country emerge as a true welfare State, political parties must put the country's interests first before strategising to win elections and short-term goals, argues Ramesh Menon.
Look at those offering 100-300 bps more and have good rating; it will improve your portfolio's returns.
While insurance companies are yet to finalise the premiums, there are chances that group health premiums could see an increase.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Here's how EPF stacks against other investment options
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
In the first phase, the AAP government will provide 40 services such as caste certificate, driving licence, ration card, birth certificate, marriage certificate, water connection at the doorstep of Delhiites.
According to officials aware of the matter, restarting the project could mean inviting the court's 'contempt' as the case -- in which the Supreme Court has held that biometric identification cannot be a criterion for a citizen's access to welfare -- has still not been closed yet.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
#GiveItUp but no matching LPG connections for BPL
"Since beginning, I am hearing this that if I am not with you, then I am an Aadhaar judge. I don't care," the judge said.
It is your duty to be responsible to your health and start saving and investing early in a suitable health insurance, says Naval Goel
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