India Bought 200 metric tons of gold from IMF
Buying Gold as Foreign Exchange Yesterday India bought 200 metric tons of gold from IMF. Earlier this year IMF had announced that it is willing to sell 400 metric tons of gold to rais the funds. IMF will use these funds to lend developing countries for the development. India had bought half that gold, it [...]
IFC Lists Best Business Environment Friendly Cities in India
Recently International Financial Corporation(IFC) has listed the citites in india based on the business conditions and how easy to start a business. The following are list of cities in order: 1. Ludhiana – Panjab 2. Hyderabad – Andra Pradesh 3. Bhubaneswar – Orissa 4. Gurgaon – Haryana 5. Ahmedabad – Gujarat 6. New Delhi – Delhi [...]
What is Cost Inflation Index?
Introduction In this article I will write about the Cost Inflation Index(CII) and how it is measured by the government every year. Many of us not aware of the term CII. It is the main logic behind increase in the value of land and house prices. The value is set by the government each year. [...]
Top 6 rules when filing tax returns is compulsory
As we know that the filing of tax returns date is nearing. Many of us have doubts that is it mandatory to file the tax returns?. Even if it is not mandatory, better to file the tax returns to avoid any future legal implication. However government has made six rules when the filing of tax [...]
ICICI Bank reduces lending and deposit rates with effect from April 24, 2009
ICICI Bank Ltd has announced a reduction of 0.50% in its Floating Reference Rate (FRR) for consumer loans (including home loans) with effect from April 22, 2009. The revised FRR will be 13.25% p.a. as against 13.75% p.a. at present. All the existing floating rate customers will be benefited by the reduction in FRR. ICICI [...]
Tax Planning for 2009 – Part 2
Introduction Earlier I have published Tax Planning for 2009 – Part 1. The previous post explains the basic stuff on tax savings using the home loans and the fixed deposit schemes. It doesn’t look into any specific section of the income tax act. This part of the article will be looking into section 80c of [...]
Fixed Deposit Rate Cut
Introduction There is another round of fixed deposit rate cuts to be announced soon. May be with in few days of time. As we know the fixed deposit rate reached highest 11.0% p.a. in starting of this year. People utilized this opportunity to invest more money on fixed deposit. Now, it is time for rate [...]
What is Home Loans Top Up?
Introduction In this article I will be writing about the home loans top up. The top up loans are god send when you are in the urgent need of money. There is some restrictions for santioning the top up loans. This article will present you the clear idea on top up loans and the tax [...]
Insurance Cover for Home Loans
Introduction In this article I will be writing about the insurance cover for the home loans. Don’t confuse with the home insurance and the home loans insurance. There is clear difference between home insurance and home loans insurance. Here I will be explaining the reason for the home loans insurance and why one has to [...]
Mahindra Finance Fixed Deposit Scheme
Introduction In this article I will be writing about the another fixed deposit scheme from the corporate. It is Mahindra Finance Fixed Deposit scheme. In my previous article I have written about the Tata Motors Fixed Deposit Scheme. Tata Motors is the first one to come up with this type of scheme, follwed by Mahindra [...]
