Over 4 mn bank accounts could be dormant, suspects tax department.
Soon, worry no more on having to buy boxes from elsewhere for sending domestic or international parcels through Indian post offices.
KYC done while opening a bank account can be used to open a mutual fund account.
'Many of those who invested in NCD issues are those who traditionally put their money in fixed deposits...'
All these were done on the basis of forged papers.
Savings have to be channelled carefully so that the maximum can be gained from the deposits. Here are the top five savings instruments in a rising interest rate regime.
Kisan Vikas Patra or KVP is one of the many fixed income financial products offered by the Indian Post Office department. It is a fixed income instrument that offers to double the investment in 8.7 years. InvestmentYogi looks at its prominent features.
PAN will be a must for all transactions, including purchase of jewellery, above Rs 200,000 with effect from January 1, 2016
The Directorate of Revenue Intelligence, the lead agency to check customs frauds and smuggling, has decided to post officers at India's Mission in New York (US), Singapore, Brussels (Belgium) and in Nepal's Birgunj.
Manipal University is offering courses in medicine, engineering and management and has also added a few new streams to its curriculum. Here are the details and also a look at the scholarships offered.
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
17,695 songs gives the legendary singer the Guinness record!
Educator Anand Kumar could not attend Cambridge University due to financial constraints. Today, he coaches deserving students for IIT-JEE.
The Chief Post-Master General of Maharashtra and Goa was on Thursday arrested by the Central Bureau of Investigation for allegedly taking a bribe of Rs 2 crore for transferring a piece of government land to private parties. Manjit Singh Bali was apprehended by the anti-corruption wing of the central agency, officials said. Bali had allegedly taken the bribe to transfer land meant for post offices to private parties, they said.
Existing bank deposits will continue with past rates until renewed on maturity.
"There can be a situation where a person has lost his/her money for no fault," SC said.
The apex court said that the government should file an affidavit by April 11 explaining the reason why the window was not created for the people having difficulty and the chance was only given to NRIs and the citizens who travelled abroad.
Coupled with his administrative and organisational skills and experience, his loyalty to the party and RSS ideology seemed to have won the day for him.
The delivery channel of India Post is being utilised primarily for small towns and cities.
Because of a new notification, any retirement planning done by non-resident Indians through PPF will go for a toss, experts tell Sanjay Kumar Singh.
Referring to Article 124 of the Constitution, the sources said the notice should have grounds of 'proved misbehaviour or incapacity'.
The purpose of the provident funds is to help people in their retirement periods. Hence the EPF and PPF are for long term savings.
Shifra Menezes shares her Christmas wishlist with us -- and you can too!
Responding to a query about corruption in the scheme's implementation, Minister of State for Rural Development Upendra Kushwaha said almost all members know about it and added that steps are being taken for improving the scheme.
Now, telcos will be penalised for call drops.
India's largest companies are making inroads into one of the country's most ancient businesses - the purchase of gold by the nation's hundreds of millions of women for weddings, festivals and savings.
According to official sources, complaints were received by the department that TDS was being collected arbitrarily by the payers. Another reason for this decision is that refunds from the department have also gone up. Sources said it should not affect the assessee who may be paying a high rate of TDS and is not compensated even after the employer or broking firm or any other organisation gets a refund on higher rate of TDS which may not be applicable to such income.
The coldest temperatures in the northern hemisphere have been recorded in Sakha, the location of the Oymyakon valley, where according to the United Kingdom Met Office a temperature of -67.8 degrees Celsius was registered in 1933 -- the coldest on record in the northern hemisphere since the beginning of the 20th century.
Rich flow of funds has made Dharmaj one of the richest and most literate villages not only in the state but across the country
People are increasingly being drawn to trusty small savings instruments
At least 50 people have been killed after a gunman opened fire at the Mandalay Bay Casino in Las Vegas - the deadliest mass shooting in the history of United States. Here's a look at other such incidents that have struck the country in recent times.
Non-Resident Indians and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs officials at the airport and get a declaration form stamped.
How the demonetisation drives in India and Venezuela have played out.
The New Pension Scheme is one of the more ambitious programmes tried out by the government. If successful, it has the power to transform India's savings habits.
A senior official of India Post at Kolkata General Post Office told PTI that since e-commerce is a sunrise industry, it is trying to earn higher revenue in the region by involving local traders and business houses.
'The BJP should avoid escalating every local issue and minor provocation into a national crisis and claiming a 'holier than thou' monopoly on patriotism.' 'And the Opposition should avoid paying the government back in the same coin by crying wolf about intolerance at the slightest provocation.'
'There is need to invent another enemy.' 'If you can add Maoists to Muslims, the tukde-tukde thread will tie in nicely.' 'You might even have a 'nation in grave danger' story by the summer of 2019,' notes Shekhar Gupta.
Gold deposited by households to gold savings accounts will be used for auctioning, replenishment of RBI's gold reserves.
In view of financial constraints, government has taken a policy decision to open new post offices, wherever necessary, by redeployment of existing employees and within the available resources with the department, minister for communication and IT A Raja said in the Lok Sabha during Question Hour.
What it's like to be inside the USS Theodore Roosevelt
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