Will Vinod be charged a service tax on the entire amount he pays to the builder even if he pays 25 percent of the money after completion of construction? A property is treated as one under construction until the builder gets a completion certificate. So, any amount that Vinod pays to the builder before the… Read More »
The crisis in Greece is expected to cause outflow of capital from equity markets in emerging countries, including India. Debt-related flows may also be lower as global financial market players are reluctant to invest in non-dollar regions. Consequently, capital inflows to India may be on the lower side during the next 6 months, according to… Read More »
Presently the demand for electric car in India is still quite small. As per industry estimates, less than 5% cent of the passenger car market in India would make up electric cars for the next 5-7 years , at 1,75,000. Maruti Suzuki, India’s biggest passenger car producer, had displayed the SX4 hybrid and an electric… Read More »
The State Bank of Hyderabad, a subsidiary of SBI, will hire 2,000 clerical and 600 supervisory staff in the current fiscal. Of these around 300 will be sent in rural branches to build the bank’s agricultural loan portfolio. Renu Challu MD said, “This is in addition to the 600 supervisory officers, who were interviewed last… Read More »
The merger of State Bank of India, the biggest lender of India with its subsidiary bank, State Bank of Indore has ultimately been authorized by RBI. The apex bank is believed to have given its approval to the merger proposal. SBI had previously said that it wanted to proceed with the merger during the 1st… Read More »
Ashok Leyland and Nissan, who have tied up for producing light commercial vehicles, are intending to launch their first product by mid-2011. Both the partners have said they will manufacture 150,000 vehicles during their phase I plans from their current facilities and said, the greenfield facility is ‘very much’ on the agenda.
The Systematic Investment Plan is ideal for investors who have a regular flow of money (such as employees). A simple instruction to the fund house and the bank will help them invest regularly at a given time and stay away from the volatility of the stock market. When you invest a fixed amount, such as… Read More »
Delayed Payment Charges (late payment charges or penal charges) are levied if you make the payment after the due date. You might also be subject to cheque bounce charges in case one of your cheques is not cleared because of lack of funds. Cheque bounce charges can range anywhere between Rs. 250 and Rs. 500.
Over a period of time, marriages have evolved from a simple ritual uniting two souls to a complex affair where lakhs and crores of rupees are spent on lavish ceremonies. Besides costs of all the services involved in providing marriage facilities, have gone up. So if anything goes wrong, the parties involved can suffer heavy… Read More »
Housing Development Finance Corporation (HDFC) has re-introduced a scheme of offering loan against property. Loan against mortgage of Property is regarded as a riskier business as against home loans, and so, attracts a far higher rate of interest as against home loans. To lower the risk in these loans, HDFC has said it will offer… Read More »