The Finance Minister has announced an increase in income tax exemption of Rs 10,000. This includes the Indian citizens as well as the NRIs.
Ways to build emergency funds for NRIs
Posted by Tushar Mathur on February 7th, 2010
The best way to avoid the financial disaster or the jobless situation is to create your emergency fund. As the life is unpredictable and the events like this may strike anytime.
Banks report surge in Casa ratio as against fixed deposits
Posted by Tushar Mathur on February 4th, 2010
In the past few months term deposit rates have lost sheen as banks have reduced rates. Now people prefer to park their money in current account savings accounts (Casa) rather than investing their money in fixed deposits for longer duration.
India Inc may lose tax cover on MF investments
Posted by Tushar Mathur on January 23rd, 2010
Capital markets regulator Securities and Exchange Board of India (SEBI) wants the government to scrap tax benefits for corporates investing in mutual funds (MFs), a proposal, if accepted by the government, could deal a body blow to local asset management companies and other firms.
The regulator has also proposed to the government that the securities transaction tax, or STT, which is levied on buying or selling of stocks and on derivatives trade, should be cut by one-third and that a uniform stamp duty be levied and collected by a central agency.
These proposals have been forwarded to the finance ministry, in the run-up to the Budget, said a person with the knowledge of the proposal.
High inflation can reduced your fixed deposit close to zero
Posted by Tushar Mathur on January 19th, 2010
Last year all the banks reduced their fixed deposit rates for almost every period. Currently, according to official inflation figure is above 7 per cent which is a bad news.
