Posted On:  1 month ago


Reserve Bank Commercial Paper Directions, 2017

Whereas the Reserve Bank of India, in exercise of the powers conferred by Sections 45J, 45K, 45L of the Reserve Bank of India Act, 1934, and of all the powers enabling it in this behalf, notified the Non-Banking Companies (Acceptance of Deposits through Commercial Paper) Directions 1989 vide Notification No.IECD.1/87(CP)-89/90 dated December 11, 1989;

article author One Roof Consultant

Posted On:  6 months ago


Change in Interest rates on Small Savings Scheme from April 2017

Change in Interest rates on small Savings Scheme from April 2017 This article will give you information about the latest amendments in interest rates of various small savings scheme. The following are the various types of small savings scheme:

article author CA Chirag Chauhan

Posted On:  7 months ago


Financial and Tax planning Gift for Women on their very own day – Happy Women Day!

A woman’s best security is a little money of her own. Demonization proved all theories of women being spenders wrong, by finding lacs in savingof Rs 500 and Rs 1000 notes, saved from reimbursement received for household expenses. We have a very small percentage of salaried women in India. Most women in urban areas do a brilliant job of self-employment ranging from tutoring, handicraft, small trade etc

article author CA Chirag Chauhan

Posted On:  7 months ago


Why should you invest in ELSS for 80C and RBI bond before March?

After demonetization, the only asset class which seems to be giving positive double digit returns is equity. The real estate investment has given zero return in last 4 years. With government capping tax exemption on interest on second property, investing in real estate may not give return in coming years. Investment in fixed deposit is meaning less as it gives negative return considering high inflation and if you include taxes it becomes even worst.

article author CA Chirag Chauhan

Posted On:  7 months ago


Interest rates for Small Savings Schemes

Please refer to our circular DGBA.GAD.881/15.02.005/2016-17 dated October 13, 2016 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.1/04/2016–NS.II dated December 30, 2016 advised the rate of interest on various small savings schemes for the fourth quarter of the financial year 2016-17 (copy enclosed).

article author One Roof Consultant

Posted On:  7 months ago


RBI keeps policy repo rate unchanged at 6.25 percent

Global growth is projected to pick up modestly in 2017, after slowing down in the year gone by. Advanced economies (AEs) are expected to build upon the slow gathering of momentum that started in the second half of 2016, led by the US and Japan. However, uncertainty surrounds the direction of US macroeconomic policies with potential global spillovers. Growth prospects for emerging market economies (EMEs) are also expected to improve moderately, with recessionary conditions ebbing in Russia and Brazil, and China stabilising on policy stimulus. Inflation is edging

article author One Roof Consultant

Posted On:  8 months ago


Budget Speech by Finance Minister Arun Jaitely 1 Feb 2017 FY 2017-18

our Government was elected amidst huge expectations of the people.The underlying theme of countless expectations was good governance.  The expectations included burning issues like inflation and price rise, corruption in day to day transactions and crony capitalism. There was also expectation for a major change in the way the country’s natural resources were allocated, processed and deployed.

article author CA Chirag Chauhan

Posted On:  9 months ago


Revision of interest rates for Small Savings Schemes

The undersigned is directed to refer to this Departments OM of even number dated 16th February, 2016, vide which the various decisions taken by the Government regarding interest fixation for small savings schemes were communicated to all concerned

article author One Roof Consultant

Posted On:  12 months ago


Fourth Bi-monthly Monetary Policy Statement, 2016-17

Fourth Bi-monthly Monetary Policy Statement, 2016-17 Resolution of the Monetary Policy Committee (MPC), Reserve Bank of India Date : Oct 04, 2016 On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to:

article author One Roof Consultant

Posted On:  12 months ago


RBI reduces repo rate by 25 basis points to 6.25 per cent

RBI reduces repo rate by 25 basis points to 6.25 per cent Standing Liquidity Facility for Primary Dealers Please refer to the Fourth Bi-monthly Monetary Policy Statement, 2016-17 – Resolution of the Monetary Policy Committee (MPC), in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided to Primary Dealers (PDs) (collateralised liquidity support) from the Reserve Bank would be available at the revised repo rate, i.e.,

article author One Roof Consultant

Posted On:  12 months ago


Revised Interest rates on Small Savings Scheme w.e.f. from 1st October 2016

This article will give you information about the latest amendments and changes in interest rates of various small savings scheme. The following are the various types of small savings scheme:1) Sukanya Samriddhi Account (SSA): The interest rate has reduced to 8.5% from 8.6% now. The main purpose of introducing this scheme is to promote welfare of the girl child. ‘Sukanya Samriddhi Account’ can be opened at any time from the birth of a girl child till she attains the age of 10 years, with a minimum deposit of Rs 1000

article author CA Chirag Chauhan

Posted On:  1 year ago


Inflation Versus Interest Rate which one is priority for India Concept by Raghuram Rajan's Dosa

Interest rates are always a source of conflict. Borrowers demand low rates. Fixed Depositors desire high rates.In such a scenario, what should RBI do? This was beautifully explained by the RBI Governor Dr.RaghuramRajan with the example of Dosas.The basic premise of Dr. Rajan's argument is quite simple - one should NOT look at the interest rates in isolation. This will give the wrong picture.Instead, to

article author One Roof Consultant

Posted On:  1 year ago


Last few days to plan your Taxes before march end. Get maximum Tax benefit avoid last minute rush

We Indians have will always wait till last minute for execution. Be it Exam preparation during college days or deadline in office for presentation and lastly for planning and avoiding taxes on Income. Salaried individual who had liquidity for investment has made and submitted proof, however many are still left because they are confused or are not able to make right choice for investment.

article author CA Chirag Chauhan

Posted On:  2 years ago


Change in Interest rates on Small Savings Scheme.w.e.f. from 1st April 2016

This article will give you information about the latest amendments in interest rates of various small savings scheme. The following are the various types of small savings scheme:

article author CA Chirag Chauhan

Posted On:  2 years ago


Changes under Service Tax Proposed in Finance Bill 2016

1) Service tax another surcharge from 01st June 2016- “Krishi Kalyan Cess” – 0.5 % . Thus Service tax now effectively will be 14%+0.5%+0.5% = 15 % 2) Legal Service now removed from Reverse Charge Mechanism and brought to direct Service Tax at above effective rate from 01st April 2016.

article author One Roof Consultant

Posted On:  2 years ago


Why to invest in National Saving Certificate ?

Know all about National saving certificate and what are tax benefits of investing in National Saving certificate. How to invest in national saving certificate ?, How national saving certificate are safe and secured investment ?

article author CA Nikesh Sheth

Posted On:  2 years ago


All you want to know about Housing Loan

Guide for Home Loan Seekers

article author CA Amit Shah

Posted On:  2 years ago


A COMPLETE GUIDE TO NRI TAX IMPLICATIONS

A returning NRI should know and understand various aspects of Foreign Exchange Regulations (FEMA), Indian Taxation and Banking Regulations in order to rearrange his financial affairs in India and outside India.

article author TEKUMANI NAVEENKUMAR

Posted On:  2 years ago


Gold Monetization Scheme

A complete guide to the gold Schemes introduced in the budget session

article author Aditi Podar

Posted On:  2 years ago


Benefits of home loan

Disclaimer: The opinions expressed within this article are the personal opinions of the author.

article author CA Chirag Chauhan