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Savings and Investments

  • Gold Glitters for India's Leaders But Jewellery Guarded Tight

    The country vies with China for the title of the world's biggest consumer of gold -- for centuries considered a precious store of wealth -- and imported about 900 tonnes last year, its second biggest import after oil.

  • Gold Monetisation Scheme: 2% Interest Likely on Gold Deposits

    The Cabinet on Wednesday approved the gold monetisation and the bond schemes, which were earlier announced in the Budget with an aim to curb demand for physical gold and fish out idle gold lying with temples, trusts and households.

  • EPFO Panel Approves Raising Insurance Cover to Rs 5.5 Lakh

    In the existing scheme, the subscribers with less than 12 months of service are entitled to a maximum sum of Rs 1.2 lakh. These category of subscribers are entitled to a sum assured which is equivalent to their average balance in the PF account if it is less than Rs 50,000.

  • Expert Panel Recommends Investment of NPS Corpus into PE, VC Funds

    Currently, NPS funds can be invested only in Government Securities, corporate bonds and equities.

  • Why Repaying Your Education Loan is Important

    Like any other loan, it is vital to know that an education loan is a credit facility provided to help one pursue his/her higher education.

  • Non-Government PFs to Invest 5% Funds in Equities: Finance Ministry

    They will also be allowed to invest upto 5 per cent in asset backed securities, units of real estates/infrastructure investment trusts.

  • EPFO Plans Medical Benefits For its Pensioners

    The committee wanted that the medical facility to pensioners should be provided free of cost and the EDLI funds should be used for the purpose.

  • Ten Rules to Save Your Money Smartly

    'Money fetching more money' should be your goal. And the first step for that is learning to save. It does not mean you cut down on occasional weekend dinners or not give in to the retail therapy once in a while. Saving need not be boring. You just need to think a little and make it a part of your lifestyle.

  • EPFO Seeks Trustees' Nod to Invest Rs 10,000 Crore in NTPC Bonds

    EPFO has sought approval of its apex decision making body the Central Board of Trustees (CBT) for the investment, as per the agenda of the trustees meet scheduled on August 26.

  • FDI Jumps to 8-month High of $3.6 billion in May

    In May 2013, the country had received FDI worth $1.63 billion. During April-May this fiscal, the foreign inflows grew by 34 per cent to $5.30 billion as compared to $3.95 billion in the same period last year, according to the data of Department of Industrial Policy and Promotion.

  • Assets with portfolio managers grow to Rs 7.05 lakh crore

    According to latest data available with the Securities and Exchange Board of India, assets under management of portfolio managers increased to Rs 7,05,505 crore at the end of November from Rs 7,02,887 crore in the preceding month.

  • Income tax returns: 9 tax saving options other than Section 80C

    You can also claim tax benefits for insurance premiums, medical expenses, higher education, donations, disability, etc.

  • 7 financial planning steps you should take for your father

    One of the most important roles of a father is to plan for the financial future of the family, and ensure there are adequate funds for children's education, marriage, etc. Most Indian fathers look into financial planning in unorganized and traditional ways. Here's some help on getting them organized, so that they lead a happy and independent retired life.

  • Seven must-know facts about PPF accounts

    The key to wealth creation lies in the practice of saving regularly and systematically. The public provident fund (PPF) is one such long-term investment option that would suit investors of all types. Scoring high on safety, by virtue of it being government backed, this wonderful option comes with tax benefits, loan options and a low maintenance cost. Investment Yogi explains seven must-know facts of a PPF account to make it more profitable for you.

  • Spend for your children, get tax benefits

    However, did you know that you can get tax benefits on many expenses and investments made in your child's name?

  • 7 steps you should take to improve your savings

    At a time when inflation is still hovering above the comfort zone and economic growth has slipped to new lows, it only makes sense for the general public to spend its money judiciously.

  • Warren Buffett and his 5-bedroom home: Why it pays to be frugal

    Wealth is not created just by investing, but also by avoiding unnecessary expenses. It does not make one stingy; rather, it makes one frugal.

  • Government cuts Public Provident Fund, National Savings Certificate rates

    Millions of small investors will get lower returns on the popular post office scheme, Public Provident Fund (PPF), with the government cutting the interest rate on PPF to 8.7 per cent from 8.8 per cent with effect from 1 April, 2013.

  • Achieve financial freedom in four simple steps

    Building an emergency fund is the first step towards maintaining a healthy personal finance life.

  • Why it makes sense to invest in gold

    When purchased in the form of jewellery, gold tends to wear because of regular usage and is prone to damage.