New Delhi: Millions of small investors will get better returns on popular post office schemes like Public Provident Fund (PPF) and Monthly Income Scheme (MIS), with the government hiking interest rates on such schemes by up to 0.5 per cent with effect from April 1. Interest rate on PPF have been increased to 8.8 per cent from 8.6 per cent, while MIS will attract 8.5 per cent interest as against...
09:57 PM, Mar 26, 2012
New Delhi: The Finance Ministry is considering to reduce the lock-in period for Rajiv Gandhi Equity Savings Scheme to one year from the proposed three years to make it more attractive to retail investors. "The investors can put money in top 100 companies listed in BSE and NSE (under the scheme). We are looking at reducing the lock-in period requirement," said an official source. Sources said, however, that investors will...
04:51 PM, Mar 21, 2012
New Delhi: Finance Minister Pranab Mukherjee is all set to present the Union Budget in Parliament on Friday. This will be his seventh and it comes against the backdrop of slowing growth and burgeoning fiscal deficit. The government will have to do a balancing act, by raising taxes and at the same time giving incentives to boost investor confidence. A balancing act is needed in a bid to spur growth....
07:29 AM, Mar 16, 2012
Mumbai: The banking shares were reeling under selling pressure after the Reserve Bank of India (RBI) raised repo rate by 25 bps while keeping cash reserve ratio (CRR) rate unchanged. Meanwhile, the adjusted reverse repo now stands at 7.5 per cent. The RBI has revised its fiscal year 2012 GDP growth projection downwards to 7.6 per cent. However, it has kept its March-end inflation projection unchanged at 7 per cent....
12:19 PM, Oct 25, 2011
Melbourne: Indian telephone operators are back in news in Australia after the consumer authorities warnings about a telephone scam running from India which is said to have costed an Australian pensioner her life savings. The scammers contacted Perth-based 80-year-old Edna Sloan pretending to be from the Australian Tax Office. They told her that she would be eligible for grants worth tens of thousands of dollars if she sent them some...
08:30 AM, Jun 07, 2011
Mr Rajan Daani explains things he would do for 2011 budget if hhe were to step into Pranab Mukherjee's shoes. ...
09:51 AM, Feb 10, 2011
A double-digit inflation is eating away most of your hard-earned money. ...
10:00 AM, Feb 09, 2011
Post budget: Is this the right time to invest in a house? ...
11:41 PM, Mar 03, 2010
Finance Minister Pranab Mukherjee will present the Union Budget on Feb 26. ...
09:17 PM, Feb 27, 2010
CJ Abhishek Jain had appealed FM to hike savings exemptions. ...
11:42 PM, Feb 26, 2010
Parents end up paying over 20 lakhs per child, till graduation. ...
03:28 AM, Sep 14, 2009
Today, you can be just as financially independent as any other person. ...
04:14 PM, May 29, 2009
You could safely say that your idle money is going to make you far richer! ...
12:41 PM, Apr 22, 2009
Before you cool your heels, there are three things you must do. ...
05:05 PM, Apr 07, 2009
Banks are now going out of their way to make life simple for its customers. ...
04:53 PM, Mar 24, 2009
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