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 »
If a tenant gets the rented apartment upgraded by spending from his pocket, without intimating the landlord, he is not eligible to adjust the amount against the rent. This is the verdict given by Delhi high court.
With the turn of fortunes of IT companies, the real estate sector has also started flourishing. This has been made possible by hiring mode adopted by leading IT companies. This has affected the commercial real estate segment.
Securities and Exchange Board of India (Sebi) chairman C B Bhave has come out strongly against market intermediaries that introduce inventive products, saying they were just methods of hiding high leverage.
Different banks are coming up with different schemes to home loan customers. You have different options to choose from and should use this option to find out about the best deals available for you. However, when you look at a home loan, it is important that you take into consideration not only the interest rates… Read More »
As per the SEBI circular – Entry Load for the schemes, existing or new, of a mutual fund has been removed. The investor would pay the commission upfront to distributors directly. The distributors should disclose the commission, trail or otherwise, received by them for different schemes/ mutual funds, which they are distributing or advising the… Read More »
ULIPs are similar to mutual funds except that they provide life cover, tax benefits and need to be kept for long term. On the other hand, term insurance is actually insurance where your dependents get sum insured in case you die, but nothing if you outlive the insurance term. Both term plan and ULIP do… Read More »
One of the most dependable indices, that records the status of the manufacturing sector, The HSBC Markit Purchasing Managers Index (PMI) reached its peak in a year and a half to 57.6 in January 2010. In December 2009, the index was at 55.6.
Despite the government advisory, IDBI Bank has switched over to a variable pay structure for its officers. They are now eligible for a fixed portion of 70% in their salary. With this, it has become the first public sector bank to opt for this structure as other banks have given up on this plan due… Read More »
Very soon, investors will have more outlets for investing in the new pension system (NPS). These include post offices as well. Being dissatisfied with the current distributors, the pension fund regulator has tied up with 8 more service providers to increase the reach of the schemes. The scheme was first made open to public in… Read More »