your money News

Household financial savings rate inch up to 7.2% of GDP

Savings in shares and debentures dropped 22 per cent to Rs 33,700 crore in FY14, from Rs 43,000 in the previous fiscal, according to a RBI report. (Reuters)

Household financial savings rates continued to remain low, inching up a paltry 10 basis points to 7....

FM Arun Jaitley: Steps for subsidy reform soonGovt more confident of achieving fiscal deficit target: FM Arun Jaitley
There are a total 14 crore PF accounts as many employees have multiple PF accounts as they have not been able to transfer or withdraw their money after switching jobs.
EPFO to add 5 million members, Rs 50,000 cr after wage ceiling hike
Govt has hiked wage ceiling to Rs 15K per month from Rs 6,500 for mandatory deduction of PF.

SBI cuts interest on home loans above Rs 75 lakh by 15 bps

Home loans above Rs 75 lakh from State Bank of India (SBI) will be cheaper as the country’s largest ...

EPFO can invest 100% in govt bonds, PF rate at 8.75% for FY15

In a major policy shift to ensure security after workers’ retirement, the central board of trustees ...

Unclaimed sum with insurers touches a steep Rs 5,848 crore

Between 2005 and 2008, insurance industry witnessed a sharp rise in number of policies sold...

EPFO trustees decide to pay 8.75 pct interest rate on PF deposits for 2014-15

Retirement fund body EPFO's trustees today decided to retain interest rate payment...
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EPFO likely to announce PF interest rate for FY'15 on Tuesday
EPFO had provided 8.75 per cent rate of interest on PF deposits for 2013-14, which was higher than 8...
Don’t lap up that rights issue just yet, ascertain the company’s motive
This year, more than half a dozen companies have announced rights issues for their shareholders. Let...
Domestic savings to drive investment
A growing middle class and a young demography is likely to boost the country’s savings rate. A Dun &...
Complying with I-T provisions of clubbing income
The rule says one should pay taxes on the income earned. What taxpayers seldom know is that ‘income’...
EPFO may fix PF rate at 8.7% at today’s meet
The central board of trustees (CBT) of the Employees Provident Fund Organisation (EPFO) will meet on...
Opening your portfolio to closed-ended funds
closed-ended funds have delivered an absolute return of over 50% since November last year, with some...
Home loans: Making most of headwinds
Banks and non-banking financial companies (NBFCs) are getting active to make sure they get the maxim...
Unclaimed insurance amount: Whose money is it, anyway?
Irda has embarked on a drive to ensure unclaimed amounts with insurers reach the rightful owner.
Tax implications of buying second house with a loan
If an individual holds more than one property in his name, only one such property may...
what’s spoiling the party for insurers?
Third-party motor insurance is not a profitable portfolio for insurers, with the amount of claims ou...
'78% Indians don't save enough for comfortable retirement'
Indian employees would rather save more than extend their retirement age.
RBI to tweak affordable housing policy regularly: R Gandhi
The Reserve Bank of India will periodically tweak its policies for affordable housing and real-estat...
RBI Deputy Governor R Gandhi asks bankers to be innovative on home loans
There is a need with respect to financial innovation, with respect to loan products: R Gandhi
Now invest Rs 1.5L in Public Provident Fund
Govt has issued a notification raising the PPF limit...
HC quashes Maharashtra Government Resolution which says married daughter not part of 'family'
The Bombay High Court has struck down a Maharashtra Government Resolution...
Biting off more than they can chew?
Over the past five years, housing loans have grown relatively slowly for banks with the previous hom...
Making the science of portfolio management work in your favour
Investment science says risk drives return. So, the practice of investing funds and managing portfol...
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