Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party's new coalition partners as she unveiled the Modi 3.0 government's first budget after the general elections.
Indian state's generosity is not restricted to its poorest citizens.
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
'There is a difference between a politician and leader.' 'A politician will have his pound of flesh first and do everything else later.' 'A leader will sacrifice everything to help people.'
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.
FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
Using credit or debit cards abroad can prove costly.
When the Centre collects money through cess, it can retain the entire fund for the particular scheme.
The middle class is a big force to fulfil dreams of a prosperous and developed India and our government has taken many decisions to empower it, the prime minister said.
The Congress wants to reinforce the tax more powerfully now after its four generations reaped benefit of the wealth passed on to them, he said.
The scheme, which would give Rs 6,000 to small farmers in a year or Rs 500 a month, will add more money to the account of these cultivators than the money he/she saves every month on an average.
Despite the current bout of volatility, debt-oriented hybrid funds remain well suited for risk-averse investors.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
India is not so worried about meeting fiscal deficit target.
TVS Motor Company met expectations in terms of revenue and posted a strong margin performance in Q1FY25. The key drivers were material cost savings and a better mix. The domestic demand outlook looks good with a rural rebound but geopolitical uncertainties in key export markets may dent overall growth.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
Inching closer to resolving the Punjab and Maharashtra Cooperative (PMC) Bank issue, the Reserve Bank on Monday came out with a draft scheme for takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB). The draft scheme of amalgamation envisages takeover of the assets and liabilities of PMC Bank, including deposits, by USFB, thus giving a greater degree of protection for the depositors, the RBI said. In September 2019, the RBI had superseded the board of PMC Bank and placed it under regulatory restrictions, including cap on withdrawals by its customers, after detection of certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.
Want your investments to make money as well as save tax for you? Anil Rego has some advice
Ask rediffGURU Ulhas Joshi your mutual fund queries.
'The decline was inevitable as one-year returns have been negative.'
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
These funds can fetch double-digit returns over the long term which debt tax-saving products can't.
Systematic Withdrawal Plan, or SWP, can help you achieve your financial goals. Ramalingam Kalirajan's step-by-step guide on how to effectively use an SWP.
rediffGURU Kirtan A Shah answers your personal finance queries.
Dwaipayan Bose simplifies the whys and hows of revisiting your financial goals
SIP top-ups are especially beneficial for young investors, who may start with a small SIP installment and grow it over their working careers, says Dwaipayan Bose.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries
Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
rediffGURU Sunil Lala answers your personal finance-related queries.
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.
Finance ministry maintains that all KYC requirements will be followed.
While for the consumers, there is some gain and some pain, for India Inc, it's all about compliance, consolidation and parity
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
2004 could have set the tone for 2005 and it may not be smooth sailing for risk-averse investors.
West Bengal Chief Minister Mamata Banerjee, who has sought to blame the Centre for the chit fund scam, has claimed that the central government reduced the rate of interest in small savings to drive depositors towards ponzi schemes.
Lots of romance and action on OTT this week. Sukanya Verma lists her recommendations.
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