Government looks to bring in stability via budget
The government is expected to carry on with its current policies to assure economic stability in the approaching Union Budget, said a leading banker.
SBI chief considers hiking CRR is appropriate move
State Bank of India’s chairman, O P Bhatt told the reporters that The Reserve Bank of India has taken the correct step by increasing the cash reserve ratio by 0.75% to 5.75%. He said that the excess liquidity in the system, was disturbing the interest rate curve and it was possible for big companies to… Read More »
New Swift customers not eligible for tax benefit
Maruti Suzuki, India’s leading carmaker, won’t be passing on the lower taxes, to the customers of its petrol variant Swift. The company stands to save about Rs 40,000 for each car due to reduced excise duty for the Swift’s smaller engine, but puts the blame on the cost hike for this decision. This is different… Read More »
ICICI reduces Car Loan rate by 1% to 10.5%
ICICI Bank, which lowered retail lending at the time of credit crisis, has reduced car loan rates and increased its dealer commissions, in order to recover its old glory as a leading retail lender, according to those in know of the subject.
Pakistan better than India for doing business
As per the 16th Index of Economic Freedom that was jointly published by The Heritage Foundation and The Wall Street Journal has reported that there is more economic freedom in Pakistan than India. The score for India’s economic freedom is 53.8, thereby making Indian economy the 124th most liberal economy in the world. On the… Read More »
Government likely to raise service tax to 12%
It is possible that government might take the initial step towards fiscal consolidation in Budget of 2010-11 by partly withdrawing the tax cuts introduced to the industry last year to help the industry. The service tax rate might go back to 12% while excise duty may be hiked slightly. The finance ministry is thinking about… Read More »
Holiday homes help you earn rentals
Today you can buy a holiday home in a scenic setting and earn rentals and high returns. This is because most of the holiday homes are situated in areas that have high aspirational value and thus appropriate resale value and owning such a home in hills or on the beach is considered as the matter… Read More »
Prices of Maruti Cervo to range from Rs 1.5 to 2 lakh
The initial small car manufacturers of the country who introduced the first low cost car Maruti 800 are in action again in order to vie with Tata Nano. They plan to achieve it by launching Maruti Cervo.The aim of Cervo is to enable the car makers to recover their lost ground in the small car… Read More »
Nissan Micra set to arrive in India
Want an ideal hatchback that contains everything from excellent performance and good looks and great value for money? Then wait till March as Nissan’s new hatchback Micra is set to arrive in India. The best thing is its competitive pricing of Rs 400,000 to 500,000 is sure to make many fall in love with it.
HDFC to make rates on recurring deposits variable
Leading housing finance major, HDFC, has decided to make interest rate on recurring deposits variable. This move is meant to attract long-term deposits and averting premature withdrawal when interest rates go up. For this, HDFC has introduced a systemic savings plan (SSP) scheme, under which it will examine and alter interest rates on deposits every… Read More »