Customers need to weigh whether they will be better off selling their mutual fund holdings or taking a loan against it.
Within two weeks of the speech, the prime minister flagged off the Pradhan Mantri Jan Dhan Yojana, and the day was marked by announcing its outcome on the very first day of its implementation.
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.
Debashis Basu lists various reasons why laundering through the stock market thrives.
Tax Guru Anil Rego answers your personal income tax queries.
Aadhaar now has legal backing but it still faces challenges of privacy and data sharing
'The Indian economy has been subsidised by the poor.'
Retirees must also try and purchase a senior citizens' policy, despite steep premiums.
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
Out of these, no balance has been found in case of 289 accounts
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
Most expect the Budget to be path-breaking.
"I invite each one of you to become a partner in India's growth story. And once again assure you of our wholehearted support."
'There is a time for lowering one's expectations of the economy -- and therefore not trying to do too much in the Budget,' notes T N Ninan.
An analysis for the first eight months of CY18 shows that the value of RuPay and UPI transactions constitute 65.2 per cent of all transactions done through debit and credit cards, in value terms, across retail outlets by the end of August.
'You cannot fight a disease as complex as COVID-19 without a carefully calibrated, localised response.'
'Jobs will exist at very high levels or low levels of skill sets.' 'People, who are in middle level jobs, are the ones who are facing the problem as such jobs are fast disappearing because of technological advancement.'
The mergers will not involve any cash but only share swaps
The fund house says it is doing this to protect the interests of existing investors.
What Saisuresh Sivaswamy learnt about the election from television and the newspapers. A must read column, folks!
PM extended some old schemes and finally said yes to one that was legally mandated for past 2 years.
The new entity will continue to work on technologies in areas like healthcare and education, while also looking at next-gen competencies like artificial intelligence, Blockchain, virtual and augmented reality, among others.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
'When he first came to office, my belief is that the PM's reading of the landscape was that, with a vanquished Congress and fragmented Opposition, he was looking at least at two terms in office. This reading perhaps allows for a more cautious, gradual approach.' 'It was only a matter of time before the government was forced to come face-to-face with a serious corruption scandal. This is not a commentary on the BJP, but a statement about India's political economy.' 'There is growing concern about the government's commitment to freedom of expression, religious tolerance, and an independent civil society. Thus far, the positive movement on strategic and economic matters has crowded out these concerns, but they are lingering beneath the surface.'
Since you are betting only on a few stocks, the risks are high.
One of the big takeaways from the recently released data on India's merchandise trade is that gold imports have, once again, skyrocketed.
The government is doubling down on existing 'temporary' restrictions on the import of gold. Some were introduced under the last administration, and had a transitory effect, reducing gold imports through the official channel.
'The current economic contraction is certainly due to the lockdowns as a response to the pandemic, which is an act of God.' 'Nobody has seen such a thing in the last 100 years.' 'Saying that this was an act of mismanagement is largely incorrect'
Now, 83 per cent males and 77 per cent females have formal bank accounts but they are hardly using them
BoB now has over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customers.
If you are one of those who is now staring at your credit card bill and wondering how to go about it, here is the way out.
Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts.
It is important to celebrate when your first paycheck arrives, but is equally important to ensure that you take the time to learn some very important personal finance lessons, so that you can put your salary to work for you and grow a savings corpus.
As many as 75 million households that do not have access to banking services will be covered and at least one bank account opened for each household, against the earlier proposal of two.
A high-ranking US Navy official has been charged with accepting prostitutes, luxury travel and USD 100,000 in cash from a foreign defence contractor in exchange for classified and internal navy information.
Enhanced revenue generation is a priority for the government.
NDA under Mr Modi is as focused on the rural poor with doles and hand-outs as the UPA under Dr Singh was.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
The Reserve Bank of India has cut repo rates, the rate at which it lends money to banks, by 75 basis points since January this year, but most banks have not lowered lending rates.
'RBI is taking all steps to complete the process expeditiously so as to release firm figures at an early date.'
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