The Reserve Bank of India has issued new guidelines for ATM usage charges for residents living in six metropolitan cities while using ATMs of different bank located in non metro centers. If you are one of those using ATMs frequently for cash withdrawal or checking of balance or statement enquiries make sure you know the… Read More »
Working on a proposal given by the Financial Sector Legislative Reforms Commission (FSLRC), the government is considering the formation of a unified financial regulator plan as a roadmap for the country’s future. The finance ministry has set up taskforces on four new agencies namely the Public Debt Management Authority, a Unified Financial Sector Appellate Tribunal,… Read More »
The governing body for controlling direct taxes, the Central Board of Direct Taxes (CBDT) has issued an order extending the last date for TDS deposits from October 7 to October 10, 2014. According to an official press release, the date has been extended considering the consecutive holidays owing to the festive season and weekend during… Read More »
In what can be termed as a festive season bonanza, the petroleum ministry has decided to cut petrol prices by 54 paisa per liter excluding duties. Softening of crude oil prices in the international market meant that difference between retail prices and imported costs were getting lower leading to a final decision on price cut… Read More »
\t is festival time and that time of the year when employers give out bonuses to their employees, popularly termed as festival bonus. While the name of the bonus indicates that it is given out during festival season and therefore can be used to fund expensive purchases, one must remember that spending on luxuries unnecessarily… Read More »
RBI Governor Raghuram Rajan announced the fourth bi-monthly monetary policy today keeping the repo rates unchanged as per expected lines. The governor made it clear that inflation remains to be one of the biggest challenges as RBI has set a target of achieving a rate of 6% CPI by January 2016.Some financial experts had… Read More »
Applying for a home loan may seem to be a good idea if you are looking forward to buy the home of your dreams. You have all the qualities that make you a favourable home loan applicant such as good credit history and strong professional background, still to your utter surprise, your application gets rejected. Don’t… Read More »
When you apply for a home loan after you are 45, you will not enjoy the maximum tenure benefit as in the case of other borrowers. Assume you decide to apply for the loan when you are 45, and your retirement age is 60 years, then the maximum tenure the bank may be willing to… Read More »
Term insurance is one of the most popular forms of Life Insurance allowing basic life protection for the insurer without paying a hefty premium. Term insurance plans do not offer investment benefits, but offer a protective cover for the tenure period of the policy. The upside of term insurance plans are their cost effectiveness making… Read More »
Online shopping has become extremely popular in recent times. More and more people are resorting to this mode of shopping owing to the convenience and speed it offers. Retailers have understood this trend and many offline stores have also started online portals, offering their products through the web. In this scenario, it is not surprising… Read More »