Do you have financial planning queries? Ask rediffGURU Anil Rego.
They say we became 'Congresswasi'. We didn't become 'Bhajapawasi' even after spending 30 years with the BJP. Then how can we become 'Congresswasi'?
'Ajit Pawar is trying to sideline us; he is trying to be in the BJP's good books at our cost.'
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
'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.'
Virat Kohli and Anushka Sharma had given undisclosed amounts to the PM CARES fund and Maharashtra Chief Minister's Relief Fund to support the fight against COVID-19. Now they have contributed Rs 5 lakh each for police welfare amid the novel coronavirus outbreak.
India has moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24, sources said on Friday. This is one of the biggest movements of gold undertaken by the country since 1991, when pledging a substantial part of the gold holding to tide over a foreign exchange crisis resulted in its movement out of vaults. The country's overall gold holding increased 27.46 metric tonnes in FY24 and it stands at 822 metric tonnes, as per official data.
JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order imposing restrictions on the company's financing business and asserted that there was "no material deficiencies" in its loan sanctioning process. The Reserve Bank on Tuesday imposed restrictions on JM Financial Products Ltd after it found the company indulged in various manipulations, including repeatedly helping a group of its customers to bid for various IPOs (initial public offerings) by using loaned funds. "After careful and detailed review of the order issued by the RBI on the action against JM Financial Products Ltd, we strongly believe that there have been no material deficiencies in our loan sanctioning process.
'With tuition fees for international students rising, education loans have become critical for bridging the gap between savings, scholarship, and full cost.'
The investigators are unable to join several dots due to lack of evidence from the crime scene.
The life insurance industry does not have a good track record when it comes to passing on tax benefits to policyholders, points out Harsh Roongta.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
'Apart from providing you with the ability to withstand escalating medical expenses, a dedicated financial plan for health will also ensure financial independence in old age,' advises Arun Thukral, MD & CEO, Axis Securities.
Veteran industrialist and former Tata Group chairman Ratan Tata is looking to sell all 77,900 shares of Brainbees Solutions Ltd, which owns omnichannel baby and mother-care product platform FirstCry, in the upcoming IPO. Tata became an investor in the company in 2016 by infusing Rs 66 lakh initially. He was allotted preference shares of the company.
Alloting more funds for MNREGA and PM-KISAN could wipe out the entire additional money that the Centre may have for FY25.
Using mantras from the Bhagavad Gita, Vatsal Ramaiya explains how you can conquer your home loan debt and unlock a world of financial freedom and peace of mind.
The Gautam Gambhir Foundation aims at supporting children of slain armed personnel and providing post-trauma counselling and 100 per cent funding of education.
'The core group from Pune, which bought arms, trained people, carried out intelligence gathering and participated in all the stages of the battle, consisted of RSS volunteers.' 'The Pune group raised resources with the help of three stalwarts from the film industry.' 'The stalwarts were Lata Mangeshkar, Mohammad Rafi and C Ramchandra.'
With 7 per cent economic growth, India is not creating enough jobs as reflected by the number of applicants for vacant posts in some states, Reserve Bank's former governor Raghuram Rajan said and suggested the government needs to focus on promoting labour-intensive industries to generate employment. Rajan further said some Indians, especially those at upper level, are comfortable and have high incomes, but consumption growth from the lower half of the country has still not recovered to pre-pandemic level.
'2022 has not been -- and will not be -- the kind of 2021 bull market, which lifted all boats.'
Credit-to-deposit (CD) ratio of major public sector and private sector banks during the October-December quarter of FY24 inched up as compared to the previous quarter though government-owned lenders reported a lower rate than their private peers. CD ratio is the ratio of the funds that banks lend as compared to the funds raised in the form of deposits. The CD ratio of top public sector banks (PSBs) - State Bank of India, Punjab National Bank, Bank of Baroda and Canara Bank - was lower than their private counterparts.
Follow these simple steps if you want to create a solid retirement corpus and retire young, says Anamika Pareek.
'As these segments are growing at 25 per cent for the last three years, credit quality has been extremely good.'
The avoidable stresses and strains in ties helped in one way. It showed for the entire region how a matured India handled diplomatic relations, especially with a smaller and suspicious neighbour, with practised dignity and patience, unruffled by provocations in word, deed and action, observes N Sathiya Moorthy.
The Perfect Couple has suspense, humour, romance and gorgeous visuals.
Convert the Haryana result into a blessing in disguise; make the calamity into an opportunity. Maharashtra was always the big ticket game in town; MVA must win it. The Congress should shift headquarters to Mumbai for the entire month. Show urgency and a hunger to win, asserts Sanjay Jha.
You don't prep for 2028 but for 2040, or even 2044. Sustained sporting excellence is based on mass support, grassroots development, and funding - and it is this trifecta India needs to work on, systematically, asserts Prem Panicker.
With India under lockdown to contain the spread of the coronavirus pandemic, people have been restricted to their homes and even a simple task like haircut is proving to be a big deal. Former India batsman Suresh Raina had to seek his wife Priyanka's assistance as the Chennai Super Kings left-hander was struggling with his long hair.
Stars from the southern film industry were among the first to respond to the crisis and donate generously to the PM relief fund.
The finance ministry is considering amending the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, which governs public-sector banks (PSBs), to make suitable provisions for allowing PSBs to transfer shares to the Investor Education and Protection Fund (IEPF) when dividends of such shares remain unclaimed by the investors for seven consecutive years. "While Section 10B of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, allows the transfer of unclaimed dividends to the IEPF, it, however, does not mention a provision for transferring unclaimed shares and may now be amended by the next government to allow such transfers to happen," said a person familiar with the matter.
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.
All India Football Federation's principal legal advisor Nilanjan Bhattacharjee made serious 'corruption allegations' against president Kalyan Chaubey.
It is advisable to file your ITR right away and not rely on potential extensions.
Only borrow an amount that can be repaid comfortably. The ratio of total EMI to take-home salary should not exceed 40 per cent.
The government has cut the budgets of some major central government funded public hospitals, indicating there could be more private sector expansion in health care.
Despite steady loan growth, the banking sector is expected to report subdued margins in the quarter ending June 2024 (Q1FY25), driven by high demand for deposits amidst tight liquidity conditions. However, according to Bloomberg analysts, listed banks are forecasted to see a 14.5 per cent year-on-year (Y-o-Y) increase in net profit. Estimates showed that banks' net interest income (NII), and revenues from interest minus interest expenses might grow 11.9 per cent Y-o-Y.
It is time for the administration to wake up from 'deep slumber' and take appropriate steps to address the condition of Delhi's coaching centres, the Delhi high court has said, while granting interim bail till November 30 to four co-owners of the basement of an Old Rajinder Nagar building that housed a coaching centre where three civil services aspirants drowned in July.
Arjun Bhati has managed to raise 4.30 lakh to fight the COVID-19 pandemic by selling all his trophies, including three world junior golf championship titles and a national championship. Meanwhile, chess players in the country, including the likes of Grandmaster P Harikrishna, are doing their bit in the fight against the Covid-19 by raising more than Rs 3 lakh as their contribution.
In a stinging attack on the Bharatiya Janata Party-led central government, Shiv Sena member of Parliament Sanjay Raut on Sunday said it wouldn't be surprising if the Enforcement Directorate issues summons against former prime minister Jawaharlal Nehru in the National Herald newspaper case and paste the notice on his memorial.
'They think quick fixes like internship in the private sector will help. 'In fact, internships have been going on for the last one decade.' 'In 2014-2015 itself, we had a ministry of skill development. None of the programmes have yielded results, still they are continuing with such schemes under some other name.' 'We don't see any seriousness on the part of the government to attack the problem of unemployment.'
