Keep yourself updated with the latest financial news and updates.
Posted On : 30-May-2024
Reference : The Economic Times
MahaRERA: Now flat buyers don't have to worry about parking space inside the flat, as MahaRERA has passed an order mandating parking space to be accurately communicated in both the allotment letter and sale agreement. Read here to know more about the parking order by MahaRERA and how it will help you.
Posted On : 30-May-2024
Reference : Hindustan Times
There are several localities in Mumbai where restrictions on construction are in place either due to the presence of defence facilities or environmental rules.
Posted On : 20-May-2024
Reference : Financial Express
Fractional ownership is redefining the rules of real estate in the country. The Indian real estate market is undergoing a whole range of shifts in terms of developments, investments, government reforms, and consumer behavior.
Posted On : 20-May-2024
Reference : ET Wealth
LTA for central govt employees: Employers offer Leave Travel Allowance (LTA) to offset travel expenses during leave. It covers airfare, train tickets, or public transport, but reimbursement is capped by employer or tax limits. Confusions arise, especially with air travel. Here's a breakdown: Can you claim LTA with a confirmed flight ticket? Does the booking platform matter? Is family included? What documents are required for flight-based LTA claims?
Posted On : 15-May-2024
Reference : The Hindu Business Line
The biggest and most ambitious redevelopment project in the city is that of Dharavi slum cluster, which is being undertaken by the Adani group, at a total cost of $3 billion.
Posted On : 10-May-2024
Reference : Financial Express
Tier-2 cities are surpassing traditional metros in terms of economic growth, driven by a variety of sectors such as manufacturing, IT, education, and healthcare. For instance, Nagpur is experiencing growth in manufacturing, logistics, and IT, while Surat is advancing in textiles, petrochemicals, and IT industries.
Posted On : 10-May-2024
Reference : The Economic Times
Federal Reserve's decisions, especially on interest rates, have a profound impact on global markets, including India. Chair Jerome Powell, could chalk out a future trajectory, without any rate cuts this year, or bring it down from the three rate cuts the other Fed officials were projecting. Young retail Indian investors can mistakenly treat these macroeconomic developments lightly, believing instead that it won’t have an impact on the Indian markets. But that would be a costly blunder.
Posted On : 10-May-2024
Reference : ET Wealth
Date for interest charging by banks: The Reserve Bank of India did an onsite review of banks and other financial institutions to check how lenders are charging interest on loans issued to borrowers. The central bank found four instances where banks were following unfair lending practices. Read on to know more about this and what RBI has asked banks to do.
Posted On : 07-Apr-2024
Reference : ET Wealth
Fixed deposit investors have been rejoicing a high-interest rate regime for the last one year when RBI last hiked the repo rate in February last year to 6.5%. However, the interest rate cycle is due for reversal and hence the rates are likely to fall sooner or later. However, with RBI holding the rate in the current MPC, the rate reduction exercise has been pushed further by a few months. FD investors are not complaining.
Posted On : 07-Apr-2024
Reference : ET Wealth
PPF deposit before April 5: Investing in a PPF account before April 5 can earn the PPF account holder more interest. Making a lumpsum investment for the entire year after this date will make a PPF investor to lose a month's interest. Read on to know how much you lose if an individual misses this date.
Posted On : 01-Apr-2024
Reference : ET Wealth
'Sequence of returns’ risk is the risk of negative returns occurring later in your working years and/or early in your retirement life. It particularly comes into play during the five years before and five years after retirement— the ‘fragile decade’. Investors in this phase of their lives are most vulnerable to the sequence of returns risk. Find out how to protect your nest egg from negative returns in the years before or after you quit work.
Posted On : 01-Apr-2024
Reference : Money Control
This increase however, is applicable only to new loans sanctioned and not existing loans, which means that older borrowers will not be impacted by these hikes.
Posted On : 01-Apr-2024
Reference : ET Wealth
e-Insurance policies new rule: The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory to hold new insurance policies in electronic format from April 1, 2024. e-insurance refers to the process of acquiring and managing insurance policies electronically. Policyholders can purchase insurance and store digital policy documents in a dedicated e-Insurance Account (eIA). This eliminates the need for physical documents and simplifies managing various insurance policies, including life, health, and general insurance coverage. What policyholders must know about this new IRDAI rule?
Posted On : 01-Apr-2024
Reference : ET Wealth
Taxpayers can reduce their tax significantly by reformatting their salary. If companies restructure their compensation packages by replacing taxable emoluments with some tax-free perks, they can lower the tax liability of their employees. There are several such tax-exempt allowances, including food coupons and reimbursement of expenses on fuel and travel, newspapers and periodicals, phone and Internet. The taxable portions of the salary, such as the special allowance, can be reduced to make place for the tax-exempt allowance. Find out how to go about it.
Posted On : 16-Mar-2024
Reference : The Economic Times
Rent agreement clauses for landlord and tenant: It can happen that the landlord and tenant are unable to add all the clauses to protect their interests in the lease agreement. However, there are certain clauses that should be added to the rent agreement to avoid future disputes. These clauses will help both landlord and tenant protect their respective interests.
