FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
rediffGURU Sunil Lala answers your personal finance-related queries.
We asked you, dear readers to share your best tips on saving money. Rajarshi Pathak, 34, from Bengaluru shared these tips.
'The entire public needs to be evacuated immediately. Any day, the entire town can collapse.'
The total number of demat accounts in the country stood at 171.1 million as of August 31.
The continuing fiscal stimulus is heavily tilted towards capex, to the extent that it chips away a part of revenue spending. Accounting for other areas of revenue expenditure, such as salaries, pensions, subsidies and defence (committed spend), the room to spend on welfare schemes, health and education will narrow in FY22.
Government was watching Gandhiji's mood to know if he had cooled down. They found out from his letters and utterances that he was the same old firebrand and even more determined than before.
Those three wickets for six runs, in a manic final 15 minutes of the day's play, undid all the good work that had gone before, asserts Prem Panicker.
'Starting an SIP now and continuing with it is likely to translate into high returns over the long term.'
The conditions that lead to landslides, including soil texture, soil moisture and slope are known, and it is important to put all this knowledge into an operational system, he said.
State-owned Indian Strategic Petroleum Reserves Ltd (ISPRL), which operates India's strategic crude oil storage, will make awards by December to lease around 1 million tons of crude oil storage space (7.3 million barrels) at two of the country's three existing Strategic Petroleum Reserves (SPRs), around a fifth of the total SPR capacity. This will enable the refilling of crude caverns even as escalating hostilities in the Gulf threaten disruptions in crude supplies, two industry sources said.
Vinesh Phogat's appeal against her disqualification from the Olympic finals, this time till August 16, prolonging the Indian wrestler's wait for a resolution.
The last four years, the best for corporate profits in a long time, have not been as impressive for corporate capital expenditure. The combined net profits of India's top listed companies excluding banks, financial services, and insurance (BFSI) increased at a compound annual growth rate (CAGR) of 32.4 per cent since FY20, a sharp jump from the 7.4 per cent in corporate earnings between FY14 and FY19.
Looking under the hood, I see India on the terrible, but commonplace, road to prosperity failure, warns Rathin Roy.
Let's wait for the monetary policy on February 8 -- to see how it complements the fiscal commitments, points out Tamal Bandyopadhyay.
India and Canada have mutually beneficial political and economic linkages. The two countries should get together and find a solution. The expulsion war should, in the meantime, be a guarantee against any deterioration of the situation, asserts Ambassador T P Sreenivasan, the first Indian head of mission to be ever expelled by any country.
Invest in MFs for liquidity and choice of funds. Invest in NPS for the tax benefits, tax-free rebalancing, and for earmarked savings for retirement.
France qualified for the quarter-finals of the Nations League despite a lacklustre goalless draw against Israel on Thursday.
The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries
Policy rates have been reduced substantially in 2015.
Existing bank deposits will continue with past rates until renewed on maturity.
Amid a police crackdown on Amritpal Singh and his outfit, the pro-Khalistan preacher appeared in a video on Wednesday, calling for a 'Sarbat Khalsa' congregation on Baisakhi to discuss issues related to the Sikh community and saying he is in high spirits.
Lots of romance and action on OTT this week. Sukanya Verma lists her recommendations.
'There has been a change in the advances mix, with the share of corporate loans decreasing.'
'Russia is aiming at demoralising Ukraine as a nation.' 'They want to bomb the infrastructure, the electric stations so that regular citizens will not to be able to live, to cook, to give comfort to their kids.'
Ramalingam Kalirajan explains the pros and cons of both investment types.
Images from Day 2 of the 3rd Test played between India and New Zealand, in Mumbai, on Saturday.
Union finance secretary T V Somanathan recently said the Centre had saved Rs 10,000 crore in FY22 on interest payments after adopting new accounting mechanisms for central government agencies and centrally sponsored schemes (CSS) for state governments. Speaking at an event, Somanathan said due to these, there was an unspent balance of Rs 1.2 trillion with state agencies from CSS as on March 31, 2022. This means this amount will be reduced from the Centre's borrowing for now and it can be considered a short-term saving for the exchequer.
Soon after the gunshots were heard at Trump International Golf Club in West Palm Beach, Florida, where Trump was golfing, the FBI said that it is "investigating what appears to be an attempted assassination of former President Trump".
Since it was formed 58 years ago, Haryana has had Jat chief ministers for 33 of those.
'When the bombing happened in the Taj Mahal hotel in 2008, that was a very sad moment, but he really took care of the people, took care of everybody and that was when you saw some of his best moments.' 'There are some things which we will never forget. That is when the best of a person comes out.'
rediffGURU Ulhas Joshi answers your mutual fund queries.
Use this window to lock into bank FDs; unless govt cuts small savings rates, banks may not cut deposit rates
According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban
There were certainly qualities adhering to the Tata Group, which emanated from the persona of Ratan Tata. Most notable of these would be the low profile he maintained, which sharply contrasted the in-your-face celebrity status, celebration of wealth and pursuit of importance many of liberalised India's rich, love, notes Shyam G Menon.
The number of dematerialised (demat) accounts required to hold shares and other securities in electronic format rose by 3.1 million in April, bringing the total tally to a fresh record of 154.5 million. Since December last year, the new additions have consistently remained above the 3 trillion mark, a sign that the stock markets continue to attract new investors despite a spike in volatility.
Here's how EPF stacks against other investment options
