Author: Finance Khabar

New Delhi: Finance Minister Nirmala Sitharaman has made several major announcements in the Budget speech so far. With this, new tax slabs have been announced. A tax of 20 per cent on income ranging from 10 to 12.lakh, 10 per cent tax on income from 5 to 7.5 lakh has been announced and 30 per cent tax will continue for those earning above 15 lakh. Finance Minister Nirmala Sitharaman has pegged the estimated GDP for the year 2020-21 at 10 per cent, saying it was a strong uproar in Parliament. Nirmala Sitharaman said that small and medium scale industries have…

New Delhi: Finance Minister Nirmala Sitharaman has made several major announcements in the Budget speech so far. With this, new tax slabs have been announced. A tax of 20 per cent on income ranging from 10 to 12.lakh, 10 per cent tax on income from 5 to 7.5 lakh has been announced and 30 per cent tax will continue for those earning above 15 lakh. Finance Minister Nirmala Sitharaman has pegged the estimated GDP for the year 2020-21 at 10 per cent, saying it was a strong uproar in Parliament. Nirmala Sitharaman said that small and medium scale industries have…

PM Narendra Modi himself has been campaigning for the startup India programme. Startups hope that the government will help them in the budget on issues like tax exemption. Budget 2020 Income Tax Expectations: Budget 2020 has everyone’s own expectations. If the Celrid class is in the vicinity of income tax exemption, on the one hand, the business world is expecting some relief in corporate tax. Among all this, startups that have been important in accelerating the Indian economy in the past few years also have all the expectations from the government. Let us know what expectations startups have from Finance…

New Delhi. Hospitality firm OYO is planning to remove more than 1,000 people in India as part of its restructuring and restructuring of businesses. In an internal mail to Oyo employees in India and South Asia, the company’s founder and group CEO Ritesh Aggarwal said that asking some associates to move into a new career outside OYO is not an ‘easy decision’. Although the mail has not provided the number of those to employees, sources with knowledge of the case have reported the number to be over 1,000 and the reason is ‘right-size’. He said that the organization has been streamlined by aligning…

New Delhi. As different life insurance policies are available, the Goods and Services Tax (GST) applicable to them also varies. Insurance companies always quote the premium exclusive of GST, which is added when purchasing the policy. Term plans or pure insurance plans which are the cheapest, charge a GST of 18% as it is a mortality premium and no amount is invested. For example, if your annual premium is Rs 10,000, then GST of Rs 1,800 will be applicable. If you buy any rider such as accidental death rider for additional payment in case of accidental death, you will have to pay 18% GST…

ORIX Auto Infrastructure Services Limited is India’s largest Car Leasing Company, India’s largest B2B Car Rental Company and second largest Employee Transportation CompanyORIX Auto Infrastructure Services Limited is currently operating in 58+ cities in India National : We have always heard that change is the only constant. Nothing could be more true when we talk about the shared mobility industry in India, where the disruptions in last 5 years have probably exceeded the technology innovations of over last two decades combined in the ground transportation sector.  The changing usage patterns and changing ownership models have contributed to this paradigm shift…

New Delhi. The Insurance Regulatory and Development Authority (IRDAI) informed all insurance companies that, from April 1, all general and health insurance companies will have to introduce a standard health insurance product – Arogya Sanjivani Policy – relating to hospitalization, pre and post treatment and AYUSH treatment. Will include basic expenses. Both non-life insurers and standalone health insurers will offer this policy. The Times of India has said in a report that the move has been taken by the insurance regulator in view of differences in individual health insurance products. All insurance companies will charge a uniform rate for this…

10 cities of the 12 surveyed show positive market dynamics – Search trends suggest India is looking for houses under Rs.4000/sqft January 8, 2020: Magicbricks’s PropIndex Report Q4 2019 reveals that a silver lining in the residential sector appears to be traceable with 10 cities out of 12 key residential markets of India showing positive market dynamics in the last quarter of the year and South India market emerging as the best performing market in 2019. According to PropIndex Report Q4 2019, while some areas of the country faced downward pressure on prices and reduction in supply, searches remained robust in…

Monthly Fixed Deposit starting Rs. 5000 per monthFlexible tenors from 12 to 60 months Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv, has launched Systematic Deposit plan – a monthly savings plan, for those looking to invest in Fixed Deposit through small monthly savings. Starting at just Rs. 5000 per month, investors can reap the benefit of interest rates prevailing on the date of every monthly deposit, which are applicable to that particular deposit. With the number of monthly deposits ranging from 6 to 48, investors can choose tenors ranging from 12 to 60 months. At the…

LUDHIANA : After proving to be a great boost to knitwear garment manufacturers the grand show in Ludhiana GMMSA EXPO INDIA 2020 concluded on Monday at Dana Mandi, Bahadurke Road. The Expo turned out to be a great show to get a glimpse of the manufacturing machines and accessories all under one roof. On the whole, the exhibition was a hub of innovation over the last four days and more than 50,000 people visited the exhibition. GMMSA EXPO INDIA 2020 also facilitated the exhibitors for their participation and sought their support for next year 2021. Among the vast array of Chinese, Korean, Taiwanese…

The Kolkata headquartered Bank is dedicating 3 more Rural Self Employment Training Centres (Dausa in Rajasthan, Jagatsinghpur in Odisha & Ropar in Punjab) to the nation in addition to its existing 27 RSETIs across the country. The Bank is also extending credit linkage to 10,000 Self Help Groups and opening two urban Bank Mitra centres in Kolkata. To boost the credit off take and benefitting the consumer segments, Bank is coming with UCO Carnival campaign, an initiative for Retail and MSME borrowers. A Mega CASA campaign will also be launched to provide banking service to the unbanked areas. In line…

2020 marks the beginning of a new year, and a new decade, which is why it is also a great time to start new resolutions. In your list of New Year resolutions, you may consider including some financial to-dos as well. Financial decisions taken now, will help you achieve your goals in the future – be it buying a car, travelling overseas, or making a down payment on a home. Investing in a fixed deposit in 2020, for instance, can help you build a corpus for financial goals 5 years hence. So, without further ado, look at these 3 financial…

“Importance of Amalgamation of Banks in Indian Economy” was the theme of recently organised the third All India Hindi Seminar 2019 in Kolkata. Ms Anuradha Mitra, Secretary, Department of Official Language, Ministry of Home Affairs, New Delhi inaugurated the seminar as chief guest which was presided over by Shri M K Bhattacharya, Executive Director of Indian Bank. The seminar was attended by top management and the senior executives of the banking industry apart from many officials of public sector and other organisations from Kolkata. Indian Bank with the objective of taking Hindi to the nook and the corner of the…

Mumbai: The out performance of the NSE IT file wound down in 2019 since September, incompletely in light of the fact that the administration’s tax reductions don’t profit programming administrations organizations. Be that as it may, financial specialists are additionally worried about the control in income development during the year. NSE IT record increased 24% in 2018, while Clever rose 4% during the year. So far in 2019, NSE IT file has risen 9% while Clever increased 12%. The year-on-year steady cash income development at industry pioneer Goodbye Consultancy Administrations Ltd dropped to single-digits in the September quarter. Development at…

Existing SBI home credit borrowers, who have profited advances connected to outer benchmark based rate, will profit by the rate cut SBI said new home purchasers will get credits at a financing cost beginning from 7.90% per annum State Bank of India (SBI), the nation’s biggest moneylender, today reported a decrease in its outer benchmark based rate (EBR) by 25 bps to 7.80% per annum, from 8.05% per annum. The update will happen from January 1, 2020. With this decrease, financing cost for existing home advance clients just as MSME borrowers who have profited credits connected to outside benchmark based…

The resilience of the banking sector has improved following the recapitalisation of Public Sector Banks (PSBs) by the government. India’s financial system remains stable notwithstanding weakening domestic growth, said the Reserve Bank of India (RBI) while releasing December 2019 Financial Stability Report (FSR) here on Friday. The central bank, however, said the resilience of the banking sector has improved following recapitalisation of public sector banks (PSBs) by the government, but added the risks arising out of global and domestic economic uncertainties and geopolitical developments, however, persist. “India’s financial system remains stable notwithstanding weakening domestic growth. The resilience of the banking…

Pune : With a new decade just around the corner, now is the best time to invest for your future. Instead of splurging on material items, this festive season, why not consider buying for yourself a gift that keeps on giving? The Bajaj Finance Fixed Deposit, for instance, is an excellent choice. This vehicle offers market-leading interest rates, despite the recent RBI repo rate cuts, and allows you to intelligently invest your money for maximum returns. So, while you shop for presents for your friends and family, don’t neglect this handy investment to secure your future. Read on to know…

Come winter, and Christmas carols and the spirit of giving fill the air. Brands and retailers also join in the festivities and you’re likely to find attractive discounts everywhere you look. However, while shopping and gifting are an essential to the season, it’s also fitting that you think of ways to grow your finances and enjoy them for many more Christmases to come. An ideal way forward is to invest a portion of this year’s earnings in a safe instrument such as the Bajaj Finance Fixed Deposit. This way you enjoy the guarantee of returns and the benefit of generous…

Report on ‘Ease of Doing Business’ (EoDB) points out that integrated value chain approach to EoDB will lead to more quantifiable gains and higher contribution of the business sectors to state GDPsIt examines these three industries as case studies which are integrated to show how inter-linkages have to be taken into account while implementing reforms in industriesIndia’s rank on EoDB framework has improved from 130 in 2017 to 63 in 2019The state of UP has seen its rank in EoDB slip from 10 in 2014-15 to 14 in 2016-17 to again rise to 12 in 2017-18 Lucknow : Pahle India…

Buying a house is one of the most important decision an individual makes in his or her lifetime and appended below are some important steps which will make this decision much easier, says Sunil Mishra, Chief Executive Officer of TRESPECT Before you enter the home buying cycle, assess your needs carefully. Finalize your tentative budget, type of property you want, number of rooms, and a list of essential amenities. Drawing up a budget will help you understand how much you can actually afford. Once you have this in place, take stock of your finances. Check your credit score, home loan…