The process of electronically filing Income tax returns through the internet is known as e-Filing. It is a simple process in which, you need to fill up the tax return form provided online and the other required information about income, expenditure and savings. Then, it is just a matter of logging into the income tax… Read More »
Our investments are heavily affected by inflation. Assume you have opened a bank deposit offering you 6% interest for one year. Now while closing the deposit account, if the inflation is 8%, you actually end up losing 2% (8-6). It means your investment has lost its value. In order to protect the value of your… Read More »
Like how the number of people in India who participate in extreme sports is low, the numbers of companies ready to provide insurance covers for such people are minuscule. Here are some things that may help you understand and get an insurance cover for such activities.
Making a Will is one of the most important and integral part of Personal Financial Planning. Normally, all of us avoid making it. A Will enables each one of us to distribute our property and assets in the manner we wish to distribute it. A Will may also reduce the risks of undue litigation, delays,… Read More »
SIP (Systematic Investment Plan) is one of the most effective ways of investing in equity markets. In SIP, you invest a certain amount each month into the equity mutual fund of your choice. This amount can be as low as Rs 100. This amount is either directly debited from your bank account or you have… Read More »
Reserve Bank of India has stated that the new directive introduced on cheque modifications is valid for cheque truncation system (CTS). Presently CTS is being used in the clearinghouse of RBI based in the National Capital Region (NCR). The clearinghouses in other regions use the MICR Code system for cheque clearing. This new directive does… Read More »
With hardly a few days remaining for base rate coming into play, banks are working hard on the implementation of the new system. Not even one bank has informed their base rate. The biggest lender in the country, State Bank of India was anticipated to take the lead in declaring the base rate for personal… Read More »
Rabobank, the Dutch bank has at least sold off its 11% stake in Yes Bank for a sum valued about Rs 980 crore. Now the bank holds 4.9% stake in the private sector bank as against its previous holding of 15.9%. It had to reduce its stake in order to meet the statutory conditions to… Read More »
China-based Beiqi Foton Motor Company, one of Asia’s biggest car companies, is searching for methods to enter India. An association with SpiceJet promoter Ajay Singh’s firm, Argentum Motors, is likely, for now. Beiqi Foton (or Foton) is the biggest light truck producer in China, with focus on heavy trucks and buses too.
German car manufacturer Volkswagen said it was thinking about the introduction of a car smaller than Polo in India to capture the fast-growing compact car sector in the country. Volkswagen Group’s India Communication Head Kurt Rippholz said, “Believe me, we will have something smaller than the Polo. We are working on it”. But he did… Read More »