Household Savings

General insurers hope to maintain growth momentum in 2017-18

crop insurance

India Uninc: Predatory state pauperises families and small business

Given the absolute lack of safety nets, government should not be taxing ordinary households and small proprietorships at all.

We need to invest more and consume less: Raghuram Rajan

Households need to be incentivised for enhancing financial savings, Chief Economic Advisor Raghuram G Rajan said today.

Household financial savings rate inches up to 7.2% of GDP, finds RBI

Savings in deposits by the households rose, however, to Rs 1 lakh crore (17 per cent) in the year to Rs 6.91 lakh crore in FY14 as against Rs 5.91 lakh crore in 2012-13.

Counterfeiters lapping up Rs 100, Rs 1,000 bills; Rs 500 note most faked: RBI

Detection of Rs 100 denomination fake notes increased by 10,000 pieces during the fiscal to 1.18 lakh pieces, the RBI said in its recently released annual report.<br />

Centre mulls raising tax exemption bar to Rs 2 lakh, boost savings

Presently the investments and expenditures up to a combined limit of Rs 1 lakh get exemptions under Sections 80C, 80CC and 80 CCC of the Income-Tax Act.