With festival season around the corner, banks have started offering lower interest rates on many of their loan products to boost demand. Some banks have also changed deposit rates to attract customers. Here is a roundup of the latest interest rate cuts and deposit rate changes by leading banks in the country. Changes in interest… 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 »
When Nikita lost her husband to death, it was not only the grief of the unexpected mishap that shook her, but the huge debt trap of their home loan as well. Being a conventional house wife, Nikita has very little idea about Amit’s investments. This can be a common situation with not just conventional families,… Read More »
Maruti Suzuki India, the biggest automobile manufacturer in the country today launched its much awaited midsized sedan ‘Ciaz’ with a starting price of Rs. 6.99 Lakhs. Aimed concurrently at the Indian and Chinese automobile markets, the Ciaz has been developed with an investment of over Rs. 600 Crore. The Ciaz comes with both 1.4-litre K-Series… Read More »
Flipkart.com, one of India’s most popular e-commerce websites has kicked off the festive season with its ‘Big Billion Day Sale’ on October 6th 2014. Considered to be an unprecedented and one of its kind festive season sales, Flipkart is offering lucrative discounts on a wide range of products including the launch of some its exclusive… Read More »
United Bank of India recently declared Kingfisher Airlines and three of its directors including Dr. Vijay Mallya as willful defaulters. With rising number of default on business loans, the Reserve Bank of India had earlier issued a circular giving freedom to banks to declare all directors of a defaulting firm as willful defaulters especially in… 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 »
Just a day after RBI governor Raghuram Rajan announced an unchanged repo rate policy in its bi-monthly monetary policy review, State Bank of India has announced a cut in short term deposit rates. Announcing the rate cut in an exchange filing, State Bank of India, the country’s largest public sector bank has reduced short term… Read More »
It 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 »