What will you say to a first standard kid who says – “I can’t do my homework myself. Mummy! Can you do it for me?”. I think the answer most likely will be “Who is going to sit for you on the exam day?”. Does not the same logic apply for us (adults) who are… Read More »
This system of pure auction will be more beneficial to investors and at the same time provide better clarity on the actual demand for an issue. In regular book-built issue the institutions always bought more shares as in the case of over-subscription of issue the company would allot the shares on a prorate basis. Consequently… Read More »
The tax rules for leave encashment are treated differently depending on the two different instances. One, during your employment tenure, and two while you are leaving the company.Irrespective of you serving the government or the private sector the leave encashed during your employment tenure you will be taxed. But tax rules favour the government employees… Read More »
Those who have been in the working life for quite some time keep a track of the latest gadget or trek trip. Who can do without a new car or an i-phone? Shopping at malls on weekends and boozing at pubs during weekdays is a regular life now. After all one should enjoy life! The… Read More »
Many a time the salaried person thinks that the CTC (Cost-to-Company) mentioned in the appointment letter divided by 12 will provide him the monthly income. Unfortunately it is not so. There are so many deductions like taxes, EPF, company sponsored food, ESI, Gratuity contribution, medical claim component, LTA, etc which are deducted or can only… Read More »
With liberalization, the Bank’s focus has shifted back to core central banking functions like Monetary Policy, Bank Supervision and Regulation, and Overseeing the Payments System and onto developing the financial markets. In 1991, with the External Payments Crisis, Rupee devalued in two stages. Unified exchange rate was introduced in 1993. To maintain the foreign exchange… Read More »
SBI Card is a joint venture between State Bank of India and GE Capital and currently it has a card base of 30L.
The All-India State Bank Officers Federation (AISBOF) has rejected the proposed wage hike and pension benefits and demanded a separate wage revision.
State Bank of India is in advanced stages of opening 23 more branches abroad over the next four months, according to a top SBI official.
Having a budget does not mean that one has to be an Uncle Scrooge (as in Walt Disney). A budget is meant for maintaining ones’ comfortable life style and also achieves dreams and goals with less financial stress. A good budget will plan for any contingencies and also positive events. It will also have provisions… Read More »