A sale deed has almost all the details required to carry out the purchase or sale of a property. Beginning with the basic details like the full names of the buyer and the seller, and their addresses, the other details in the draft sale deed would include the details of the property under sale such… Read More »
Here is a chance to relook at your portfolio when the spirits are high. While you need a plan to build a house, to build a life, it is even more important to have a financial plan or goal. Having patience and discipline with long term investment horizon would definitively aid you to meet your… Read More »
The right of the mortgagor to redeem his mortgaged property is protected by his right to redeem. Once a full settlement of the mortgage amount is made the mortgagee is legally bound to re-transfer the property on mortgage either to the mortgagor or to a third person as the mortgagor might direct. Moreover, the transfer… Read More »
There is a possibility that the slabs for personal income tax may be increased. The current slab of Rs.1.6 lakhs for taxable income may be increase to Rs.2.5 lakhs for men. There will be suitable increments to women and senior citizens. Income above this slab is taxed at 10% till the next slab.
On most cases of banks declaring bankruptcy, there is an inordinate delay on the part of the Reserve Bank of India (RBI) and the DICGC in settling the deposit insurance for depositors. The reasons cited include the progress in the process of liquidation and attempts to revive the banks.
Legal insider trading in a company means trading on a company’s stock or other securities by employees of the company and done based only on public information related to the company. In other words, insider trading is legal only up to the point when trading is done without taking advantage of the non-public information to… Read More »
More than 25% of the fruits and vegetables grown in India are wasted before they reach the consumers. This is one of the reasons for the high inflation related to foods items. Currently the food processing industry has a high excise duty for branded products. This prevents many users from being able to afford the… Read More »
The reason investors choose FMPs is for their high returns which are also guaranteed. In order to give assured returns, FMPs opt for very secure investment options like AAA rated corporate bonds whose maturity tenure matches the maturity tenure of FMP. However in the recent times, some of these FMPs started investing in commercial paper… Read More »
CIBIL acts as weeding mechanism, that helps identify poor repayment track records. It helps protect lenders from giving credit to people and establishments who are unlikely to repay what is lent. Even if credit is provided, it is done so at a very high rate of interest, thereby ensuring that the bank is able to… Read More »
Speaking at a press meet in Madurai, Canara Bank, Chairman and Managing Director, Mr A.C. Mahajan said that the lender is aiming to achieve a business of Rs.4 lakh crore during the current fiscal. Mr. Mahajan said that the aggregate business has reached Rs 3.5 lakh crore end-September. This represents a year-on-year growth of 20.6… Read More »