The Akshaya Tritiya is supposed to be one of the most auspicious days to buy gold. According to Indian belief, this day is blessed by the goddess of wealth and investment on this day would grow throughout the year. The jewelers and gold traders wait for this occasion to push up the sales.
Gold is one of the most influential financial instruments in the India. Banks, NBFCs and unorganized lenders are actively engaged in providing loans against gold value. The loan against value of gold has played a great role by providing liquidity for an idle asset kept in the lockers.
If you and your spouse earn similar incomes, then its best to opt for an equal co-ownership of the property and split the tax benefits of the home loan equally as well. In case one of you fall under a smaller tax bracket, it is good to let the partner with the higher pay make… Read More »
As the features offered by each credit card varies, it is essential for you to understand which features will benefit you a lot. If you are shopping regularly at a particular store, go for a credit card that offers your reward points or cash back or discount when you shop at that store. Don’t select… Read More »
Moving into one’s own home is a joy, which is to be felt not explained. It is utopia what with the poojas, house warming functions, searching for just the right furniture and fittings, praises you get for having taken care of the finer parts in construction and decorating the house and the pride in having… Read More »
To understand how a home loan works one needs to understand what a rest means. A rest is the interval at which the remainder of the loan amount is recalculated as you repay the loan. This is relevant only in the case of a reducing balance loan as opposed to a flat rate interest loan.… Read More »
To begin with why do you need flexible repayment options? The biggest advantage is that choosing the right flexible repayment option would reduce your EMI load! Moreover, it could help you avoid getting that adverse ‘defaulter’ tag. Remember, if you had borrowed from a bank even a single default could deface your credit report and… Read More »
Liquid funds invest in money market instruments. Money market is a market for short term borrowing and lending. This market deals with debt instruments such as certificate of deposits, commercial paper and treasury bills.
Madam Speaker, I rise to present the Union Budget for 2112-13 We are reaching the end of a remarkable fiscal year. In a globalized world with its share of uncertainties and rapid changes, this year brought us some opportunities and many challenges as we moved ahead with steady steps on the chosen path of fiscal… Read More »
In the office of every broking house, their sub-broker, wealth management firm, asset management company, insurance company or just about anybody who claims to be working in the financial services industry, it is one of these many news channels that make the most noise. It used to be the telephones earlier. However, a peek into… Read More »