I would like to know whether a senior citizen is eligible for the following I-T deductions from his/her pension income: i) deduction under Section 80C – ₹ 1.50 lakh ii) …
Finance
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- Finance
Given uncertainty induced by Covid-19 and its real economic impact, asset quality set to worsen sharply: RBI
Fresh slippages remained the highest among PSBs. Reserve Bank of India (RBI) on Tuesday cautioned the modest bad loan ratio of 7.5% at end-September 2020 end “veils the strong undercurrent …
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The Securities and Exchange Board of India (Sebi) has come out with detailed guidelines for registered investment advisors (RIAs). The regulations were first proposed in January and finalized in July …
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A phone call between two friends leads to a conversation on how compound interest works. Karthik: If not for Covid-19, we would have planned a trip this December, no? Phew! …
- Finance
PMC Bank case: Bust bank invites bids for sale of yacht, jets owned by promoters of largest borrower
In July 2020, PMC Bank had sought the first round of bids for the two jets and a yacht belonging to the promoters of the Housing Development and Infrastructure (HDIL) …
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Right now, due to covid-19, it has become more important for homebuyers—even those who are not facing a cash crunch—to assess these factors and others. Given the prevailing financial uncertainty, …
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I am 29 years old and my husband is 30 years old. We want to buy a life insurance policy. We are looking for a policy that not only covers …
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The government is in hurry to give the corporate houses an edge over the existing players. Atul K Thakur The policymaking in India is often seen endangered today, the lack …
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I am 35 years old and thinking of buying health insurance. I want to know if I get hospitalized for suspected covid-19 and later test negative, will the policy cover …
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With interest rates at historic lows today, investors looking for better-return, fixed-income options can consider tax-free bonds available in the secondary market. These bonds can be a relatively low-risk alternative …
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While PSBs dominate bank lending to non-banking financial companies (NBFCs), their share has declined since March 2020, with the space vacated being taken up by the private banks. Rural credit …
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Covid-19 has given rise to frightening situations. A friend who lives in the US had a harrowing time figuring out how to even reach her parents. Both the parents got …
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In the last week of November, NSE declared two stock-brokers as defaulters and expelled them from membership. Following this, investors and traders registered with those brokers are now left in …
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Approval of shareholders was also obtained in the last AGM for raising of funds in Indian or foreign currency by way of issuance of debt securities up to Rs 5OO …
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A house is probably the biggest spend for most Indians. And with urban population increasing manifold, buying a house in a large city, which is where most jobs are likely …
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The Covid-19 pandemic has led to increased awareness, and interest, about life insurance and more importantly about in financial security. Taking cues from this, some life insurers have launched guaranteed …
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DHFL administrator R Subramaniakumar had earlier filed several avoidance applications at bankruptcy court, based on the report filed by Grant Thornton. Financial services company Rs 63 moons’ wants the creditors …
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Many individual borrowers who went for moratorium due to the covid-19-induced liquidity crunch in the country may not opt for loan restructuring. Some of them are now able to repay …
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Request response on the following questions on tax pertaining to undivided property and tax applicable to rent: 1. Can the rent allotted from undivided properties located in urban neighbourhood be …
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According to PRIME Database league tables, IIFL Securities has ranked number one for the period starting April 1, 2017 to December 31, 2020. (Representational image) Large public-sector banks (PSBs) have …
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Your loan app could soon join the list of China-based mobile apps banned in India. According to reports, the government is in the process of scrutinizing several fintechs that have …
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Another year is coming to a close for ‘Portfolio’, and we look back at our work with both a sense of accomplishment as well as humility. Needless to say, 2020 …
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A SunPower executive on site at the California Valley Solar Farm near Santa Margarita, Calif., in San Luis Obispo County. Michael Macor | San Francisco Chronicle | Hearst Newspapers via …
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While the overall lending rates have declined when we look at the headline rates, the transmission is probably slower when we look at various products or risk segments. Pace of …
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Muthoot Fincorp Ltd launched a non-convertible debenture (NCD) issue, offering yields up to 9.62% for a five-year tenor, on Monday. You can opt for monthly, annual or cumulative interest payment …
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The Sovereign Gold Bond (SGB) Scheme 2020-21– Series IX– opened for subscription on December 28 and will be available until January 1, 2021. The issue price is ₹5,000 (one gram …