Need cash urgently? Be extra cautious when taking loan against property

Choose instruments with a higher lock-in period to get better returns

Last week, the country’s largest bank – State Bank of India (SBI) – cut the marginal cost of lending rate by five basis points, which is good news for borrowers. But it slashed deposit rates by 10-50 basis points. Clearly, fixed deposit (FD) investors would take a bigger knock. Others like Bank of Baroda have […]

NRIs to gain more than resident Indians from govt’s move to remove DDT

One of the major changes proposed by finance minister Nirmala Sitharaman in her second Union Budget relates to the taxation of dividends. The Budget has proposed to abolish the Dividend Distribution Tax (DDT), and moving to the classical system of taxing dividend in the hands of individuals. Current situation: Currently, a domestic company is required to pay DDT at […]

ELSS: Get potentially higher returns with shortest lock-in tenure