There is no magic wand to remove inflation the RBI governor Raghuram Rajan had once said underlining how inflation was one of the biggest roadblocks in the growth of the Indian economy. The Reserve Bank of India kept the repo rates unchanged in the fourth bi-monthly monetary policy issued last month as the premier bank… Read More »
Social media is more than just updating your status, sharing pictures and gossiping with your friends, relatives and followers. Social media platforms are the next big thing in business and even money transactions. The most recent and revolutionary addition to the social media platforms is the instant money transfers between friends and followers as banks… Read More »
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 »
In the thick of the festive season, banks and non banking financial companies are offering various lucrative offers and discounts. Many Indians plan their purchases during the festive season as it allows them the double benefit of buying a new home or a new car in the auspicious time, along with discounts from various financial… 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 »
Just a couple of days after online retail giant Flipkart pulled off its biggest retail sale under the ‘Big Billion Day’ sale offer, traditional retailers have called for immediate government intervention to stop such sales in the future. Terming the ‘sale’ as unfair and monopolistic, the Confederation of All India Traders (CAIT) is said to… Read More »
Are you planning to join a gymnasium to lose that stubborn fat? Or, indulging weekend relaxation at a premium spa is part of your routine? There are chances for a price hike, as most gymnasiums, health clubs, spas and hotels are likely to increase their costs to counter the imposition of luxury tax by the… Read More »
In India, bling is the only king. The women want more of it in their jewellery, the wise advise saving it for the bad times and rich offer it to god so that they can stock up more. The truth is we just can’t do without gold. Despite the government begging them not to, Indians… Read More »
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 »