Latest Interest Rate On PPF, Income Tax Benefits, Withdrawal, Loan Facilities And Other Details

Latest Interest Rate On PPF, Income Tax Benefits, Withdrawal, Loan Facilities And Other Details

The rate of interest on PPF is compounded annually (Representational image) HIGHLIGHTS PPF, other small savings schemes interest rates are set every quarter Deposits in PPF account are eligible for tax deductions under Section 80C Up to Rs. 1.5 lakh...
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Loan default: Listed companies get a breather from Sebi

Loan default: Listed companies get a breather from Sebi

Markets regulator Sebi has put off implementation of its directive “until further notice” that required listed firms to inform exchanges if they default on loan payments to banks and financial institutions. In a circular, the Securities and Exchange Board ...
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NPA crisis: RBI deputy governor blames forbearance schemes for bad loan mess

NPA crisis: RBI deputy governor blames forbearance schemes for bad loan mess

The Reserve Bank of India (RBI) deputy governor Viral Acharya on Wednesday conceded that the Central bank’s “forbearance schemes” were partly to blame for the bad loan mess, and suggested a counter-cyclical approach to avoid its repeat in future. Stati...
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Want to avoid rejection of loan application? Here’s your guide

Want to avoid rejection of loan application? Here’s your guide

Ever wondered why and how your application for a loan gets accepted or rejected? Well, like most other things that deal with eligibility, your chances of getting a loan also depends on a score- CIBIL score, to be precise. Here is...
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IMF approves loan to Mongolia to finance reforms

IMF approves loan to Mongolia to finance reforms

The International Monetary Fund said Thursday lenders have approved a USD 5.5 billion financing package for Mongolia to support reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said it would provide $434 million to...
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Investment Query: I Have Rs. 10 Lakh. Should I Prepay My Home Loan?

Investment Query: I Have Rs. 10 Lakh. Should I Prepay My Home Loan?

I want advice regarding how to balance my expenses and savings. I married recently and our household expenses are taken care of jointly. What are the basic guidelines of financial planning for the long term? – Shalini Rai, 29, a...
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