Arun Jaitley has promised a compliance window under the new black money law for persons with overseas funds to come clean.
If you are filing income tax returns during 2007-2008 for the previous year, do collect the new Tax Deduction at Source certificate from your employer.
Punjab National Bank on Monday allayed concerns about its exposure to Adani companies and noted that its loans to the group are diversified into 8-9 companies, which are generating sufficient cash. Atul Kumar Goel, the bank's MD & CEO, in a post-earnings call said total exposure to Adani group, so far, stands at Rs 7,000 crore, of which Rs 2,500 crore is in the airport sector. He further said there is "no worry as the exposure is not very big" and that the bank is keeping an eye on the development that is taking place.
In May, Satpal Singh, who runs a dairy business with three buffaloes in Jewar, near Noida, was worried about the steep spike in input costs. Singh said dry fodder rates, which cost Rs 1,500-2000 per tractor trolley last year, were quoting at Rs 4,500-5,000. The price of other cattle feed ingredients (that include mustard meal and similar mixes) had also gone up from Rs 2,000 per quintal to Rs 3,100-3,200 per quintal.
It may sound bizarre, but incidents of public sector bankers dying by suicide could probably equal the number of such bankers quitting their jobs, reveals Tamal Bandyopadhyay.
Saving for your future, older self is one of the main reasons why you should invest. Since one day you will either be unwilling or unable to work, investing allows you to have a pool of resources you can draw upon in old age.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Let us take a look at some of the steps that are involved in getting your finances in order.
Sebi may allow mutual funds to make use of covered calls as part of their equity strategy.
'This government has always been fiscally conservative. It never resorted to fiscal profligacy.'
Your high expectations and attachment to certain property can make you buy property which is not financially suitable.
MMFs are a good option for the current environment, observes Sarbajeet K Sen.
Equity returns may not be exceptional for the next two years, says Heather Brilliant, chief executive officer, Morningstar Australasia.
'Trading is about psychology; 75% of it is about keeping your emotions in check.'
Lenders can now initiate recovery proceedings since the SC has lifted the standstill on asset classification, which protected stressed accounts from slipping into NPAs.
Farmers have been availing crop loans upto Rs 300,000 at 7%.
'The classic thing we need as a country is the virtuous cycle where you have robust demand which leads to more capital spending which in turn leads to more job creation and more money in the hands of people.'
Sharma to step down as Axis Bank chief on December 31.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).
Such schemes try to exploit an anomaly in taxation, but aren't in violation of laws, experts say.
The record date for all the schemes is June 8, 2003.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Have patience and bear with this turmoil. Do not panic. Buy at declines for the long term, says Nirmal Jain.
While the PM sees zero tax on long-term capital gains and dividend income as unfair since the beneficiaries are not poor, he is silent on the fact that rich farmers too don't pay taxes, since farm income is tax-free, a loophole exploited by many netas and babus, says Debashis Basu.
Analysts expect RBI to restore 100-bp corridor in Tuesday's policy review.
Sebi has allowed mutual fund schemes the option of 'side-pocketing' which move will help both fund houses and investors.
The meeting is believed to be called to chalk out the strategy of the Opposition in Rajya Sabha on Monday.
'The answer for a quicker boost to growth is simple -- run a much larger deficit, use the resulting public resources to ensure adequate price support for agriculture, subsidise wage costs of MSMEs and accelerate public sector construction-intensive activities,' advises Nitin Desai.
A change in the desire to buy consumer durables is perhaps the most important indicator of an economy changing direction, explains Mahesh Vyas.
In the state of the economy report, the RBI said bond vigilantes could undermine the recovery, unsettle financial markets, and trigger capital outflows from emerging markets.
Economist Dr Subramanian Swamy, whose Janata Party merged with the Bharatiya Janata Party in August, has issued the following press statement on the Indian economy and demanded the implementation of a four-point agenda to save it.
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
Investment guru and mutual fund expert Ashok Kumar, answers all your MF related queries.
S&P Global Ratings has forecast India's economy to shrink by 5 per cent in the current fiscal. It, however, has projected GDP growth to be 8.5 per cent in 2021-22 and 6.5 per cent in 2022-23.
Depending on your liquidity requirement, invest in the right debt instruments.
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
'It is advisable to invest in them early in life and stay invested for a longer period to achieve long-term goals and accumulate wealth.'
