More and more people are aspiring to purchase property. Property prices are going up, banks are fighting the increasing number of NPAs, and getting a home loan can be a challenge even if you have chanced upon your dream house.
Financial planning involves maintaining an emergency fund, which means everyone who is earning and also have dependents, should keep some amount secured to meet a sudden demand. If by any chance some mishap happens to you in the future and you require instant money to pay – like hospital bills, household bills, etc
Your investments should be well diversified and properly reviewed from time to time. When we talk about reviewing equity investments, it simply means that any equity investment requires an adequate investment horizon and proper asset allocation for managing short-term volatility in prices.
For some time now, developers have been offering a variety of payment schemes to attract buyers. It is, however, imperative that buyers understand what each payment plan entails.
The growth in non-food credit slowed to an at least two-decade low of 4.76% year-on-year (y-o-y) during the fortnight ended February 3, according to data released by the Reserve Bank of India (RBI).
Total provisions – money set aside as buffer for all loans – of 16 private sector banks rose 75% year-on-year (y-o-y) to R9,473.74 crore in the December quarter, while provisions of 23 public sector banks contracted by around 17% y-o-y to R34,758 crore, Capitaline data showed.
The Associated Chamber of Commerce and Industry of India (Assocham), in the latest paper, has revealed that insurance penetration in India is likely to cross 4% by the end of this financial year.
PFRDA is planning to hire retirement advisers for popularising pension plans like NPS among Non Resident Indians, especially in the Gulf.
As part of the Income Tax Department’s Operation Clean Money, as many as 18 lakh taxpayers had been asked to explain large deposits made by them in the weeks after demonetisation. Taxpayers were alerted through SMS and emails, and were asked to furnish details by February 15.
One of the factors why some people are deferring the purchase of their dream homes for some time now is their belief that the prices of residential units will fall further in the wake of the current slowdown in the real estate market.
At the start of their career, most people open their PPF accounts in the nearby post offices for the convenience of depositing money. But it becomes difficult for them to visit the same branch again and again after they switch their job or change their residential location.
Finance Minister Arun Jaitley interacted with the members of the SEBI Board and senior officials of SEBI in New Delhi today. Arjun Ram Meghwal, Minister of State for Finance, Shaktikanta Das, Secretary, Ministry of Finance, Arvind Subramanian, Chief Economic Advisor, and Ajay Tyagi, Additional Secretary, Ministry of Finance, also attended the meeting.
A lot of efforts and analysis go into buying insurance for your car. After a thorough research you buy the best motor insurance policy for yourself, which has features like zero depreciation, 24X7 roadside assistance, engine protection etc.
The government’s policy of insuring the uninsured has gradually pushed insurance penetration in the country and proliferation of insurance schemes are expected to catapult this key ratio beyond 4 per cent mark by the end of this year, reveals an ASSOCHAM study.
In the last few years, thanks to cheap printing and super simple image processing, counterfeit products have become rampant in India. If currency notes can be fabricated in the country, anything is possible. Anyone with a basic printer, data and image processing skills can start printing fake insurance policies on the fly.
A proper & prudent asset allocation helps investors enjoy the different life cycle stages as the economy & market conditions are unpredictable. The general saying – ‘Don’t put all eggs in one basket’ – in itself explains the concept of asset allocation.
The rate cuts post the demonetization of high-value currency notes have not only led to a fall in the home loan rates, but also in the rates of auto loans, bringing cheers to all those willing for an affordable car ownership. With over Rs15 lakh crore back into the banking system due to the demonetization drive, banks started slashing MCLR and have thus eased the floating auto loan rates.
As a major relief to private sector subscribers of National Pension System (NPS), the pension fund regulator has appointed a second central record-keeping agency (CRA), which will bring down the costs and help generate higher returns in the long run.
Liquid funds invest in short term debt instruments with maturities of up to 91 days.
The Budget brings some cheer to individuals who own immovable property and wish to monetise the value of the property.
Wanted to buy something for your girlfriend/wife or take her on a fancy trip, but could not do so for want of funds, simply because you found the price of that product too high which was not in your budget? Don’t worry. It is not the end of the world.
Marriage may seem to exude a blissful promise of holy union, yet it comes with a barrage of responsibilities- first of which is tax filing. A taxpayer’s filing status for the financial year is based upon his or her marital status at the closing turn of the tax year.
Although the Budget 2017 was pro-poor and some tax sops were also announced keeping in mind the middle class, but still a few amendments will have a negative impact on people after the changes become effective within a few months. For instance, they will increase the tax liability of the rich people.
The aim of the DICGC Act, 1961 is to provide for the establishment of a corporation for the purpose of insurance of deposits and guaranteeing of credit facilities and various other matters which are incidental to any event occurring DICGC Act.
Some of the budget proposals can surely impact the savings of a common man, like while planning to buy or sell one’s property or any financial asset, paying rent to landlord above Rs 50000. Moreover, they will have a direct impact on one’s salary because of the reduced income tax rates.
Aviva Life Insurance, one of India’s prominent life insurance companies, on the occasion of Valentine’s Day, has launched India’s first-ever heart insurance plan for couples – ‘Aviva Heart Care.’
Money management is a skill we must learn. We must learn how to save and invest better, not just individually but also in tandem with our significant other. Money managed well can lead to the realization of your dreams. Managed badly, money also has the power to sour relationships.