The government on Monday ruled out making public the RBI report detailing the reasons why the central bank could not keep inflation within the targeted 6 per cent upper limit for the three consecutive quarters. "Yes sir, RBI has furnished a report to the central government, as mandated under Section 45ZN of the RBI Act, 1934 and Regulation 7 of RBI Monetary Policy Committee and Monetary Policy process Regulations, 2016," minister of state for finance Pankaj Chaudhary said in a written reply. The said provisions of the RBI Act, 1934, and regulations therein does not provide for making the report public, he said.
As per the EPFO income projections, retaining 8.8 per cent rate of interest for the current fiscal would have left a deficit of Rs 383 crore. Hence, it was lowered to 8.65 per cent
'Decide on an asset allocation you are comfortable with and stick to it for the long term.'
Rediff.com spoke to registered investment advisors to figure out how best the extra Rs 17,500 saved ever year can be invested to create a decent corpus in the years ahead. This is what they said.
'Comparing the rates of interest with PSU banks, the three- and five-year time deposit rates of the post office are more favourable.'
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'FDs should hold your emergency funds, equivalent to around 6-12 times your monthly expenses.'
Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
While investing in PPF, investors must remember to put in the money at the right time to maximise the return they earn from it.
When looking for alternatives, consider several parameters -- your investment horizon and liquidity requirement, post-tax returns, and risk.
The popular Five-Year National Savings Certificates will earn an interest rate of 8.1 per cent from April 1 as against 8.5 per cent, at present.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
While for the consumers, there is some gain and some pain, for India Inc, it's all about compliance, consolidation and parity
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
NSC scores high on all three parameters that conservative investors are seeking -- safety, tax-adjusted returns and liquidity.
Overall, small savings have amassed Rs 1.17 trillion from April-September - 26 per cent more than the previous year. But in those six months, the economy lost 24 per cent in the first three months, and is slated to lose 10 per cent in the second quarter.
The govt has incentivised the worst of investment products.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
How investors can tweak their fixed income investments to earn more in the current environment.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Simple takeaways from the Union Budget 2015-16 and how it impacts your life
There will be higher charges for bank account-holders.
Plan these investments well rather than just doing random investments at the beginning of the year or rushing in at the end, advises Harshad Chetanwala, co-founder, MyWealthGrowth.
'Where in the world you get 12.5 per cent return of interest?'
Sandeep Shanbhag offers tips on post Budget taxation rates.
In an online chat with readers a few hours after the Union Budget 2015-16 proposals were announced by Finance Minister Arun Jaitley, Sundeep Agarwal, Director, PwC India, answered related queries to help put the announcements into perspective.
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.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Child Protection Services programme under the Integrated Child Development Services was increased to Rs 1,500 crore from Rs 925 crore.
Indian economy about to take-off
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