To say capital gains from stocks are effortless shows little understanding of the treacherous investing terrain, says Debashis Basu.
Stung by the steep fall in demand for the yellow metal in the world's largest consumer nation, the World Gold Council is now falling back on the familiar marketing mantra: If customers aren't coming, go to their doorsteps. The reason for the marketing overdrive by the Indian arm of the WGC is simple: India, which used to import around 60 tonnes of gold a month till last year, has seen zero imports in the past two months because of the prevailing high prices.
The committee headed by RBI's Deputy Governor Usha Thorat made a series of recommendations that include increasing banking penetration and strengthening of Regional Rural banks and Urban Co-operative banks in the region. It said post offices, traditional institutions and NGOs need to be co-opted by the banking industry so as to encourage economic activities.
The PIL, which could be listed for hearing during the week, termed Tuesday's notification of department of economic affairs and the finance ministry as "dictatorial" claiming it did not grant reasonable time to citizens for exchanging the specified bank notes to legitimate notes to avoid "large scale mayhem, life-threating difficulties".
Evaluate recurring investment products and do the numbers before making any investments.
Can you file your tax returns for the last three years before March 31, 2009? Is a post office recurring deposit covered under Section 80C? Can you claim any tax benefit on money spent on your child's school uniform? How can you avail of tax deductions under Section 80 DD? Can you claim tax deduction on interest paid on personal loans? Here are the answers.
The defendants would make up a false identity to get cards and then use them.
Normal life was partially affected in West Bengal on Thursday following a state-wide 12-hour general strike called by Left Parties and trade unions, with the Bharatiya Janata Party also calling a 10-hour bandh to protest against alleged violence by ruling Trinamool Congress in the recent civic polls.
'A fresh look is being given to ways of processing, transmission, and delivery.'
"Smart cards are a step towards financial inclusion. The idea is to inculcate banking habits among the poor," says Anita Ramachandra, director, rural development (self-help groups). The government is paying 2 per cent of the amount disbursed through smart cards to the banks to engage them in the initiative.
Tax wing scanning cash deposits between Rs 5-10 lakh
'Gandhi turned his life into a counter-intuitive experiment in old ideas like non-violence and swadeshi.' 'He offered numerous universal ideas that talk to the human condition.' 'His ability to take risks was outstanding,' says Sopan Joshi, explaining why the Mahatma's ideas are as relevant as ever.
This project christened 'Project Arrow' has been launched to initially upgrade 500 post offices, across 10 circles, mostly in rural areas, by the end of this calendar year. Under the project, 500 post offices will receive a makeover, to represent the standardisation of quality. The department of posts has developed standardised and consistent interior and exterior blueprints for 500 post offices and will install uniform modular furniture across the post offices.
Investments in Sukanya Samriddhi Account will earn higher interest rate of 9.2%.
Locating an address using mobile global positioning system (GPS) will soon require you to key in just a six-digit code. Officials say the postal department is working on "Pin-Plus," a new pin code that will give the exact location of a house or an office. The code will help companies sort out mails between different departments and make delivery of bulk mails much easier.
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
Normal life in the three hill sub-divisions of Darjeeling district was paralysed on Tuesday as the Gorkha Janamukti Morcha enforced a second spell of indefinite bandh in the area, to press for its demand for a separate state of Gorkhaland.Shops, markets, business establishments, banks and post offices were closed and vehicles remained off the roads after the bandh resumed from 6 pm on Monday after a five-day break.
India Post is eyeing a jump of about Rs 100 crore in turnover at Rs 141 crore from the philately segment this fiscal.
Donald Trump blamed the Democrats after the bill, which would have provided short-term funding for the Pentagon and other federal agencies, did not receive the required 60 votes.
The tax benefits on SCSS and the restored maturity bonus on POMIS will make the investments more attractive.
Thousands of cosplayers came together in the southern California desert to celebrate the Wasteland Weekend.
Investing in stocks offer secrecy, partial liquidity and freedom to invest even a small amount, says P V Subramanyam
If you plan to withdraw money from your corpus regularly to meet expenses, have a portfolio of stable instruments.
The SC sought response of all the petitioners who have challenged demonetisation.
Admission schedule for first year full time post graduate degree course in MCA for the academic year 2008-2009.
Once the Finance Bill 2017 is passed, jewellery will be treated on par with general goods which attract 1 per cent TCS on cash purchase of above Rs 2 lakh.
Financial Planner Suresh Sadagopan chalks out a financial plan for Business Standard reader Rahul Lad.
In the next few days, use credit/debit cards wherever possible or download your bank's mobile banking app or a mobile wallet.
A large chunk of the population works for the IT/ ITES sector and works at staying au fait with US trends. The preferred mode of Gurgaon transport is a personal vehicle since public transport is almost non-existent. The shopping experience centres on malls.
Sending money to your parents is a nice way of letting them know that you care. A ready reckoner of the fastest, the cheapest and the most convenient modes of funds transfer
A World Bank report released last week projected that remittances to developing countries alone will reach $240bn this year compared to $221bn in 2006, with Asia receiving $114bn.
Calling all bookworms -- Hyderabad's Sunday book market has been going strong for 35 years now, offering titles and prices to die for.
Raghuram Rajan, who has been pilloried by his critics for keeping interest rates high and has also been accused of stifling growth.
According to the consumer affairs department, these chit funds are operating at a small level.
A college student, who was critically injured during protests demanding a separate Karbi Anglong state, succumbed to injuries in Diphu, even as curfew continues to be in force at a district headquarter town of Assam.
For longer tenure products, they offer higher returns compared to other instruments. But for shorter tenures, things are getting tighter for investors.
The test is for admission to the first year of MBA/ MMS/ PGDBM/ PGDBA course for the year 2008-2009.
At least 22 Pakistani riot policemen and four civilians were killed and over 65 injured when a suicide bomber blew himself up near the Lahore High Court ahead of a planned protest by lawyers on Thursday.
Investors must remember that only resident Indians can open a PPF account and a person can have only one PPF account.
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