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Finance Minister Pranab Mukherjee’s recent budget announcements have come as a relief to the taxpayer. Under the revised tax structure, incomes between Rs 1.6 lakh and Rs 5 lakh will attract 10 per cent tax, while on incomes between Rs 5 lakh and Rs 8 lakh, 20 per cent tax will be applicable. For incomes [...]

Overall, a lackluster budget for the economy but no shocks! The middle class can celebrate a bit with the Income Tax slabs now helping them to fight the inflation. Believe me, the inflation rate will make sure that most of the tax savings will go towards meeting higher prices.
Here are some predictions and suggestions for [...]

With two home loan EMIs running, almost no news about home loans escapes ones eyes. With most banks announcing that they will withdraw the ‘teaser’ schemes, I finally decided to get one of the loans refinanced. Now my current lender, India’s largest private bank, was never good to me. I had a great deal from [...]

In the months following the introduction of stricter norms, it appeared that FMPs had lost their attractiveness. But they have staged a remarkable comeback. The Indian mutual fund industry, which until October 2008 was riding high on the bull run in equities, was halted in its track by the global liquidity crisis. Almost all mutual [...]

The Securities and Exchange Board of India (SEBI) has opened a new window of opportunities for the Indian mutual fund industry by allowing online trading of MF units through stock exchanges. This move is intended to offer both investors and mutual fund houses a cost-effective and convenient way to trade in mutual funds. But this [...]