As on Dec 31, 2010 the indices were at 20,561 and 6134.5 for Sensex and nifty respectively. With a couple of days to go for the union budget, the stock market is relentlessly moving down. Since then the indices have witnessed a downward movement and the Sensex and nifty stands at 18202.20 and 5456.00 respectively… Read More »
Fixing a budget will give you more clarity on which models to choose. It will also act as a locus which defines the perimeter of flexibility that you can afford in case your needs are not satisfied by a lower end model. A budget is the best way to shortlist a segment as most of… Read More »
Use the bonus points that have accumulated on buying necessities (house hold appliances, clothes, groceries etc.) rather than using it on using it on things (luxuries) that aren’t really important to you. Only if the bonus points are used practically, you are actually saving cash because had to now have the bonus points, you would… Read More »
Today banks are keen in identifying new business niches and more customised services to handle the stiff market competitions. On the other hand inflation is continuing to haunt the policy makers. In this scenario, RBI is expected to continue putting pressures on banks to increase the interest rates further in the coming year, with the… Read More »
During the time Rahul remained invested in his property, the stock markets also reached new highs. Now the returns from stock market are much higher than the returns from property. Besides the holding period for stocks is just 1 year after which long term capital gains tax sets in. Rahul lost this opportunity to earn… Read More »
If Sunil works in Mumbai and has a purchased a home in Mumbai for which he has taken home loan. Will he still get benefit under the Act for this second home in Nagpur? The answer is ‘Yes’. Benefits under Section 80C and Section 24(b) can be taken for more than one home if all… Read More »
When you have quite a bigger amount of money to spare on buying a car or rather as they say, you have arrived in life; it’s time for a luxury sedan or at least a sedan. The price range could be 8-15 lakhs for this category. The cars are longer, more spacious and the price… Read More »
Remember that to build additional rooms, plan a terrace etc. you need to get the approval of corporation authorities and other construction regulatory bodies. You can avail tax benefits under Section 24 for obtaining a home loan for renovating your existing home.
A top-up loan basically allows you to avail a loan amount on the value of the property of the home you are paying a home loan for. You can avail a maximum top-up loan of about 60% of the property’s market value. The usual loan tenure is about 10 years and is offered only a… Read More »
Managing a budget for your household is more than just keeping track of all the expenses for the month. It is a chart of how much income there is, how much will be spent, and what can be saved. The idea of the budget is to broadly plan for living within your means. A budget… Read More »