A recent press report said that IDBI bank has won awards in two categories namely, the overall best bank in India and the best public sector bank in India. The bank’s chairman and managing director R.M. Malla received the awards. Mr. Malla said that the awards have been made possible due to the passionate hard… Read More »
In recent times, whenever the monetary policy is to be announced, one sector which pays a close heed to it, is the real estate sector, hoping that the announcement comes in its favor. However, like the last 10 times, this time too, when the policy was announced, it bought no cheers to the sector. The… Read More »
The RBI has continued its upward interest rate revision policy of the past one year by yet again hiking the interest rates by 50 Basis points. The new REPO rates are 8% and the corresponding reverse repo rate (1% lesser than repo rates) is 7%. This in effect will mean that things are going… Read More »
No income tax return will be accepted without the PAN and incorrect PAN can result in a fine being levied. Communication address should be correctly stated as all notices or other communication from the IT department will be sent to the provided address. Also make sure that the MICR code is correct if you want… Read More »
The second most important price adding factor is probably the taxation involved vis-à-vis the city of purchase of your car. The price variation between a Maruti Swift taken in Chennai and one taken in Mumbai could be even upto Rs 25,000/- costlier in Mumbai. Similarly there exists a huge price difference between models taken in… Read More »
A long term loan like a home loan is a debt that is part of your budget every month. If you invest too much into it, there might not be adequate funds to manage a huge list of other expenses that will tend to accumulate with time. For eg. You need to make allowances for… Read More »
With the prices of gold soaring and reaching new highs, you might not be able to buy gold for your family, but you can increase the returns on your investment by investing in them. This is possible by investing in Gold ETFs. Investing in Gold ETFs has a lot of advantages. Firstly it helps you… Read More »
With the Finance Minister Pranab Mukherjee’s move to introduce Qualified Foreign Investors in the budget for the fiscal year which commenced on April 1, is said to attract stable funds from retail foreign investors on a long term basis. If you are a foreign investor, you are allowed the freedom to invest directly and buy… Read More »
You, as an investor, might have had to undergone a lot of psychological and emotional upheavals to decide what would be the ideal stocks in which you want to invest you hard earned money into. This a lot of times creates a bias, where in a stock that has a good track record in the… Read More »
With Mutual Fund houses redirecting their funds towards investments in medium term plans, their focus has mainly been on the liquid assets. Since, volatility can be expected in the short term market sightings, investors can gain by investing in the 1-3 year time frame through Systematic Investment Plans (SIPs). It was considered healthy to invest… Read More »