October 31, 2014 23:17 (IST)
As part of its efforts to boost revenue collection, the Central Board of Direct Taxes (CBDT) has asked the Income Tax Department to monitor cases of over five lakh taxpayers who have not filed their latest tax returns.
October 30, 2014 15:42 (IST)
Many of us often take payments for granted on having achieved a healthy Cibil score. But credit score algorithms do not understand human nature. To demystify this concept, discussed here is the impact of a small payment miss on your Cibil score.
October 27, 2014 22:36 (IST)
The Finance Ministry will organise a three-day conference beginning Tuesday to boost savings habit among people and also to create a congenial atmosphere for the development of savings habit.
October 27, 2014 17:05 (IST)
Birla Sun Life Asset Management Company Ltd (BSLAMC), a part of Aditya Birla Financial Services group, today said it has completed acquisition of all mutual fund schemes and portfolio management accounts of ING Investment Management India.
October 26, 2014 16:06 (IST)
Till about a couple of years back, one had reason to be worried about the prepayment of one's home loan because of the costs involved. But that does not hold true any longer, with the RBI having directed banks and financial institutions to do away with any penalties on floating rate home loans.
October 25, 2014 14:45 (IST)
Indian and Chinese technology entrepreneurs were leading the top 10 Asian tech billionaires list with net assets worth $136 billion, according to an industry source and recent market data.
October 24, 2014 12:53 (IST)
When the stakes are so high, it is bound to affect us, we do get nervous, but also excited at the same time because buying a home is a big achievement too.
October 22, 2014 18:20 (IST)
Switzerland, Singapore and China are top three destinations for expats, according to a survey. India is ranked at the ninth position in the survey, which was commissioned by HSBC Expat and conducted by YouGov. Over 9,000 expats in more than 100 countries were surveyed.
October 22, 2014 10:06 (IST)
Many consider Diwali an auspicious time to buy new things, right from a new car to new gadgets or appliances. Over the past few years, banks and other financial institutions have been offering special festive season loans that allow consumers to purchase white goods around Diwali. While it may be a good idea to take consumer durable loans instead of jacking up credit card debt, one has to exercise caution while availing of the same.
October 22, 2014 09:34 (IST)
The festival of lights is just round the bend and every retailer is trying its best for wooing the customers. But being extravagant and indulgent during this season of festivities may cost you dearly later. Here are some tips that will help you keep your expenses in check.
October 21, 2014 21:42 (IST)
Customers who have not complied with KYC (know your customer) requirements despite repeated reminders may face trouble as the Reserve Bank of India (RBI) has asked banks to partially freeze and subsequently close such accounts.
October 21, 2014 20:23 (IST)
The Employees' Provident Fund Organisation (EPFO) has started a new facility to transfer provident funds of foreign employees to bank accounts in their own countries.
October 21, 2014 11:40 (IST)
Many Indian consider Dhanteras as an auspicious occasion to buy gold. Many jewellers have launched promotional schemes to attract gold buyers while stock exchanges have extended trading hours for gold trading on Tuesday.
October 19, 2014 18:57 (IST)
As many as 8.5 lakh applications have been received by the Delhi Development Authority (DDA) for its flagship 'Housing Scheme 2014', with the housing authority on Sunday attributing the "not-so-overwhelming" response to the five-year lock-in period imposed on the ownership of the flats.
October 19, 2014 12:23 (IST)
As companies across the world experiment with concepts like "unlimited holidays", human resource experts in India believe the country is not ready for such agile policy and that people here would rather appreciate benefits like leave encashment and sabbaticals.
October 17, 2014 15:08 (IST)
Prime Minister Narendra Modi on October 16 launched provident fund portability through the Universal Account Number (UAN). This new facility will help over 4 crore subscribers to transfer the funds lying in their provident fund accounts when they change jobs.
October 15, 2014 18:17 (IST)
India biggest bank State Bank of India (SBI) has come up with new norms for ATM transactions, offering more free ATM usage for customers maintaining higher account balance.
October 15, 2014 10:32 (IST)
Mr Jaitley also increased the maximum amount eligible for deduction through permissible investments under 80C of the Income-Tax Act to Rs 1.5 lakh, from Rs 1 lakh. PPF is one of the financial savings that qualifies for Section 80C tax benefits. Not only the money you invest in PPF is exempt from tax under Section 80C, the interest you earn on the PPF investment is also exempt from tax.
October 12, 2014 15:57 (IST)
At present this facility is available to workers of (un-exempted) firms which do not have their PF trusts and manage their employees' accounts with their respective regional fund commissioners of the EPFO. It was launched in October last year.
October 11, 2014 15:05 (IST)
Shweta Kohli has always paid her own way. Her straight-A average won her a full scholarship to San Francisco State University at the same time she worked a 40-hour week as a waitress at a cafe. But when she applied for a credit card after graduation, she was turned down because she had no credit history.