The Union Railways Minister Mr. Pawan Bansal has presented the Railways Budget for the year 2013 to the parliament today. This railway budget, the first one by a congress minister in 17 years received mixed reactions from experts and opposition alike. Expressing profound grief over the loss of lives due to the recent stampede at… Read More »
Every industry worth its name has a group of associations and lobbyists voicing their concern and expectations from the Budget and the Finance Minister. But the person who forms the bottom of the pyramid and supplies capital to the top of the pyramid by his purchasing actions has very little voice which is suppressed in… Read More »
Owning a home is a dream for most of us and thanks to the diverse home loan schemes available to make that dream a reality. How is this different in case of Non- Resident Indians (NRI)? Is it equally easy for them to obtain a home loan and own the property of their choice? NRI… Read More »
A letter from an Indian housewife to the Finance Manager ahead of the budget. Dear FM, I would like to introduce myself as the Finance Manager of my household. As I read the newspapers every day, I see so many expectations from so many segments. You must surely be overwhelmed.
The government has been trying to make the tax laws simpler every year; however, there are numerous amendments required in the tax laws. The union budget for the FY 2013-14 will be presented before the Parliament on 28th February 2013 and the finance minister has promised many reforms expected to combat inflation along with stable… Read More »
Friends, relatives and colleagues often sign as guarantors for personal loans for applicants in order to help out in getting a loan on time. However many people do not completely realize the extent of responsibility that accompanies such an act. In fact the guarantor then becomes equally responsible for the repayment of the loan as… Read More »
Budget 2013 is less than a fortnight away and a nation awaits with bated breath wondering what is to come. Although political pundits will have us believe that this budget could see a positive windfall keeping in mind that the general elections are not far away, it is beyond anyone’s guess as to what is… Read More »
In most cases personal loans are opted for by individuals in order to meet emergency case requirements and also to make up some deficiency in other financial plans. People often apply for personal loans to multiple banks simultaneously for different reasons. There are a few pros and cons of such applications which the applicant needs to… Read More »
It is February again and like every year the lists come out with everyone’s expectations from the Finance Minister. It’s a different matter altogether that the expectations have not always been satisfied completely. But we still have hope and so this piece by a college student articulating his expectations from Budget 2013.
The Reserve Bank of India releasing its third quarter monetary policy has today announced a reduction in the repo rate and cash reserve ratio by 25 basis points. The new effective repo rate for the third quarter is now fixed at 7.25% while CRR rate has revised to 4%. This move is likely to… Read More »