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 »
\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 »
Change is the only constant it is said. With the evolution of time and maturity of the financial markets, new and innovative policy changes are introduced replacing older ones. With the phase of high inflation slowly fading away, there have been some new policies introduced to make life easier for the common man. The governing… Read More »
As the Reserve Bank of India gets ready to announce its fourth bi-monthly monetary policy review on September 30th, speculation about possible rate cut has been on the rise. The opinion of various financial experts seems to suggest a likelihood of the status quo on Tuesday even as the drop of wholesale inflation in its… Read More »
A credit card is preferred not only because of the ease and convenience associated with it, but also because one can earn reward points on its use. These reward points can be redeemed to get attractive products for free or at a lower price. Till a few years back, encashing credit card points was only… 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 »
Sometimes it’s okay to listen to your dad’s advice on savings. He did get it right. Of course stock markets then were opaque establishments, inflation would rarely throw home budgets into a fit, mutual funds were unknown and the friendly neighbourhood uncle who would turn up at your home every year for a cheque… 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 »