SBI to open 23 branches abroad
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.
Budgeting for salaried people Part I
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 »
Sale deed! What should you know?
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 »
New year resolutions and financial goals
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 »
Is your property on mortgage? Know your rights
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 »
What to expect on the tax front this budget?
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.
How safe is your money at banks?
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.
Understanding insider trading and how it works!
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 »
What’s brewing for the budget plan?
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 »
Discover the dark side of Fixed Maturity Plans!
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 »