Property values in eight key residential markets across India have strengthened over the past year, driven by an increase in construction costs, according to data from PropTiger.com. A recent report from PropTiger.com indicates that the average property prices in the majority of the cities examined saw double-digit increases in the third quarter of 2024 (Q3CY2024)
Investors love to earn higher returns on their investments but without taking too much risk. Typically, high-risk investment options give you higher returns but the Post Office Savings Schemes give you several options where you can earn similar or even higher returns than fixed deposits (FDs) without any risk. Retired people and those who avoid
NPS Monitoring Rule: The Department of Pension and Pensioners’ Welfare (DoPPW) has informed that an NPS oversight mechanism would be set up in each ministry and department to ensure proper monitoring of contributions made by central government employees towards the National Pension System (NPS). The Monitoring Rule for NPS (National Pension System), under the NPS
Gold prices ahead of Dhanteras, Diwali: Domestic gold prices have rallied nearly 30% in the past one year and are now hovering around Rs 80,000 per 10 grams level for the last one week. Since last year’s Diwali on November 10, the precious metal has seen its price jump from Rs 60,750 to Rs 78,700
Question: What are the tax implications for gifts and bonuses received during Diwali under the Income Tax Act, 1961? Response given by CA (Dr.) Suresh Surana:During Diwali, individuals often receive gifts from employers, relatives, and friends. It is essential to understand that, under the provisions of the Income Tax Act, 1961 (hereinafter referred to as
MobiKwik, a prominent digital financial services platform in India, has introduced an Instant Fixed Deposit (FD) feature within its mobile application, collaborating with Small Finance Banks (SFBs). This initiative is designed to streamline the savings experience for its users. With MobiKwik Fixed Deposits, individuals can commence their investment journey with a minimum amount of Rs
Dwarka Expressway, India’s first elevated eight-lane highway, is rapidly evolving into a leading commercial and residential corridor in Delhi NCR. It has become a prime destination for real estate development in the Capital, offering opportunities for both businesses and homeowners. Residential and Commercial Boom Along the Expressway The construction of the Dwarka Expressway has triggered
Central government pensioners turning 80 will receive an additional pension in the form of additional compassionate allowance, the Department of Pension and Pensioners’ Welfare (DoPPW) clarified in an Office Memorandum issued on October 18. The DoPPW, which comes under the Ministry of Personnel, PG & Pensions, has shared new guidelines regarding additional pensions for central
With banks and financial institutions offering higher interest rates on fixed deposits for senior citizens compared to regular FDs, this investment avenue has now become even more attractive for elderly investors and those looking for secured and steady income. However, before parking funds in senior citizen fixed deposits, it is crucial to evaluate several factors.
The primary market continues to be abuzz with activity. This week, two companies from the SME segment – Nukleus Office Solutions and Shreenath Paper Products will launch their public offerings. Adding to the action, shares of five companies are set to be listed on the stock exchanges this week. Among them, Quality Power Electrical IPO
An old Spanish novel, Don Quixote by Miguel de Cervantes, carries a pearl of wisdom: “It is the part of a wise man to keep himself today for tomorrow, and not to venture all his eggs in one basket”. The hidden piece of advice in not putting all your eggs in one basket is averting
By Ekta Sonecha Desai In periods of swift market corrections, investors tend to examine valuation metrics to determine if stocks have gotten cheap compared to their fundamentals. One of the most common metrics is the Price-to-Earnings (P/E) ratio, which measures a company’s stock price versus its earnings per share (EPS). A low P/E ratio may
Amid a global supply glut, difficult weather and falling demand worldwide, which has hit a 27-year low (as per a World Spirits Alliance report), Indian wines continue to show signs of resilience and adaptability, with insiders anticipating the market to grow by as much as 10-15% in the next 3-5 years. At the forefront of
