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Here's how Income Tax Act encourages people to speculate in real estate

Jun 26, 2015

Here's how Income Tax Act encourages people to speculate in real estate

One of the well kept secrets of the Income Tax Act is that it encourages people to speculate in real estate. #HowThisWorks #Tax #Income tax #Home loan #Personal finance #Real estate
UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

Jun 23, 2015

UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

The UPA's worst legacy was to leave behind a limping banking system that will be unable to finance growth. Jaitley is moving too slow to fix what's broken. #Economy #Pranab Mukherjee #P. Chidambaram #Kingfisher Airlines #InMyOpinion #Arun Jaitley #Vijay Mallya #PSU banks #bad loans #recapitalisation #Jan Dhan Yojana #Toxic Banks #TARP
Debt-ridden infrastructure, aviation among sectors stalling India's corporate growth

Jun 22, 2015

Debt-ridden infrastructure, aviation among sectors stalling India's corporate growth

Stressed assets are essentially those loans of banks where the borrower has either stopped to repay this loan or the loan has been restructured. #Business #Economy #RBI #Aviation #InMyOpinion #Infrastructure #MINING #textiles #loan #corporate #Deby #Iron and steel
In a flash! HDFC Bank launches 10-second personal loan disbursement scheme

Jun 18, 2015

In a flash! HDFC Bank launches 10-second personal loan disbursement scheme

The entire process of availing the loan is completely paperless, and users can simply log into their bank account via net-banking or mobile banking and avail of this loan at a click, a HDFc statement said. #HDFC Bank #Personal finance #Personal loan #PayZapp #Insatnt loan #GoDigital
Govt launches 'Housing for All' scheme, interest relief for urban poor

Jun 17, 2015

Govt launches 'Housing for All' scheme, interest relief for urban poor

The Union cabinet chaired by Prime Minister Narendra Modi accepted the recommendations of an Inter-Ministerial Committee to increase interest subvention to 6.50 percent on housing loans to beneficiaries belonging to economic weaker section (EWS) including slum-dwellers and low income groups (LIGs). #Narendra Modi #NewsTracker #Aadhaar #Housing loans #Aadhaar Enabled Bank Account #Urban poverty #Jan Dhan Yojana #Housing for All by 2022 #Low income groups #Economic weaker section #National Urban Housing Mission
Step up loan: Here's how you can increase your home loan amount

Jun 15, 2015

Step up loan: Here's how you can increase your home loan amount

This loan works really well for youngsters who have just started working and looking to buy a home. #HowThisWorks #Money #Personal finance #loans
Falling market share, not Rajan or Jaitley, will force banks to cut lending rates

Jun 15, 2015

Falling market share, not Rajan or Jaitley, will force banks to cut lending rates

The point to be noted here is that banks have been extremely reluctant in lowering their lending rates despite a 75 basis points cumulative cut in repo rate by the Reserve Bank of India so far this year. #Economy #RBI #ConnectTheDots #ICICI Bank #SBI #Repo rate #Raghuram Rajan #Home loan #Kotak Mahindra Bank #Net Interest Margins
RBI says Rs 7,940 cr to recapitalise banks insufficient, seeks more funds

Jun 11, 2015

RBI says Rs 7,940 cr to recapitalise banks insufficient, seeks more funds

Last fiscal, government infused Rs 6,990 crore in nine public sector banks based on their performance. #Economy #RBI #NewsTracker #public sector banks #Basel III #loans #MSME #SS Mundra
Sugar stocks in sweet spot after cabinet nod on Rs 6,000 cr interest-free loan

Jun 10, 2015

Sugar stocks in sweet spot after cabinet nod on Rs 6,000 cr interest-free loan

Simbhaoli Sugars, Shree Renuka Sugars, Bajaj Hindusthan, Bannari Amman Sugars, Balrampur Chini Mills surge 7-13 percent post announcement #sugar industry #CCEA #interest free loans