It is good to have more than one policy as it gives you more options. However, remember that it’s important to choose a policy based on your age, income, need, saving pattern, dependents and lifestyle. Picking up a plan randomly is not a good idea. Moreover, it is not wise to spend all your savings… Read More »
With inflation running in 2 digits now and at an average of 7% over the past decade, the return of just above 7% from the bond, makes it a good hedge for inflation. This aspect of the bond along with the potential exit route by trading in BSE may be attractive for those who need… Read More »
State Bank of India heads the list of the biggest advance tax-payers while 3 other public sector companies — LIC , IOC and Bank of Baroda are some of the leading 10 advance tax-payers for this fiscal (FY10), according to an Income Tax source. This increase in the tax payment was due to its popular… Read More »
A report from the banking Ombudsman report has said that the complaints lodged against credit card companies have seen a frequent increase each year. The number of complaints went up by 74% during the year 2008-09, as per the report.
This article will try to look the pros and cons of investing in Infrastructure bonds for the sake of tax saving. The analysis will be from the perspective of the different “tax groups” post budget 2010. For the sake of parameters we will have to make an assumption on the lock-in period (as nothing… Read More »
For Saurav, today was a bit unnerving. He had received a call from his cousin Abhay in Ahmedabad and for once he was unable to make a quick decision. However, a thought struck him as he reviewed his financial assets. After all, NRIs were preferred borrowers in India…
The car market is abuzz with news that Ford is ultimately available in the showrooms.The price of the petrol model of Ford’s new compact car Figo lies between Rs 3,60,000-4,50,000 and the diesel model costs from Rs 4,50,000 to5,45,000 (ex-showroom, Delhi).
ULIPs basically work like a mutual fund with a life cover thrown in. They invest the premium in market-linked instruments like stocks, corporate bonds and government securities. Investments in ULIPs attract tax benefits under Section 80C. The returns and the lock-in period depend on the plan chosen.
Japanese car manufacturer Nissan said it is holding talks with Ashok Leyland for development of a small car for the world markets that can cost about $4500-5000. The company said the project has yet to find a way out to manufacture such an economical car.
For the auto sector, the budget did not roll back the stimulus package except for the 2% excise duty hike in passenger vehicles. The auto companies might pass on the hike to the consumers. Extension of R&D benefits will encourage investments in the sector. Higher thrust on agriculture will boost demand for tractors and increased… Read More »