Money
India to kick off sales of inflation-linked bonds in June
MUMBAI - India is set to start the long-awaited sale of inflation-linked government bonds next month, while Larsen & Toubro became the first domestic company to issue such debt, offering higher effective yields in an economy plagued by high inflation.
Spend for your kids, get tax benefits
In today's world of ever increasing expenses, spending on your children results in a substantial outflow from your pocket. However, did you know that you can get tax benefits on many expenses and investments made in your child's name? This includes a wide variety of expense heads and investments. Most of these investments fall under the ambit of Sec 80C within the Rs. 1 lakh limit. Here are a few such cases, which will help you reduce your tax outflow:
Choices available for home buyers
Home buyers are always looking for the best home they can buy with the resources and time available with them. Now, more than ever, real estate prices are subdued and buyers are again active in the market.
Diversified equity funds rise in April, gold ETFs struggle
NEW DELHI - India's diversified stock mutual funds outperformed the broader market marginally in April, with high exposure to financial services stocks supporting unit values, data from fund tracker Lipper showed.
India's high earners bemoan tax surcharge
MUMBAI/NEW DELHI - High-earning Indians gave a collective groan on Thursday when the government imposed a 10 percent surcharge on their income, following a global trend which it expects to be popular in an election year.
Budget 2013: Additional interest deduction on home loans up to 2.5 million rupees
REUTERS - People buying houses will get an additional deduction of 100,000 rupees on interest payments on their first home loan of up to 2.5 million rupees, Finance Minister P. Chidambaram said on Thursday as he unveiled one of the most highly anticipated Indian budgets in recent years.
Budget 2013: Rich taxpayers to pay 10 percent surcharge
REUTERS - Finance Minister P. Chidambaram introduced a surcharge of 10 percent for one year on taxpayers with an annual taxable income of more than 1 crore (10 million) rupees, in a bid to raise more revenues for India's annual budget on Thursday.
Budget 2013: Notional relief for taxpayers but rich to pay more
REUTERS - Finance Minister P. Chidambaram gave a notional tax break to millions of taxpayers on Thursday with a proposed tax credit of 2,000 rupees in the annual budget to people with income up to 500,000 rupees, but introduced a surcharge on the rich.
Budget 2013: What the common man wants
Just as a farmer gazes into the sky each year waiting for the onset of the monsoon that would lead to a bumper harvest, the common man has a lot of expectations each time the finance minister rises from his seat to present the budget in parliament.
SBI raises interest rates on retail deposits
REUTERS - State Bank of India says raises interest rates by 25 bps on retail deposits of less than 10 million rupees with 1-10 year maturity.
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Comparative Tools
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- China offers India a "handshake across the Himalayas"
- No case for S&P ratings downgrade: Mayaram
- Chidambaram: more steps to cut gold imports if needed
- Yahoo buying Tumblr for $1.1 bln, won't screw it up
- BSE Sensex falls from near 2-1/2 year high; banks hit
- Rupee weakens to 2-1/2 month low; key support to be tested
- Gold jewellers face shortage of stocks, premiums still high
- Infosys to challenge new tax demand of $105.3 million
- RBI says foreign investors may buy inflation-linked bonds
India Indices
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