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7 April, Today Stock Markets Jumped 2476 Points, Top 4 Factors You Must Know

Sensex today gained 10 year’s highest in one day with 2,476.26 points and closed at 30067.21, while Nifty was up 708.40 points at 8792.20 at the time of the closing bell. IndusInd was the top gainer with 22.56% gains, followed by Axis Bank with 19.48% and Maruti gained 13.51%. Let’s look into the factors that …

7 April, Today Stock Markets Jumped 2476 Points, Top 4 Factors You Must Know Read More »

Income Tax Investment Date extended

Government Extended Income Tax Saving Investment Date for Sec 80C, 80D & 80G to 30 June 2020

The Government of India has provided extension in time limits related to taxation and statutory compliances through an ordinance. The relaxation will give time for individual taxpayers and companies to make investments/ payments and to claim deductions. The last date for which was 31st March 2020 in a normal scenario. Under the revised timeline one …

Government Extended Income Tax Saving Investment Date for Sec 80C, 80D & 80G to 30 June 2020 Read More »

Impact of rate cut by - Ministry of Economic Affairs on Small Savings Scheme

Government Cuts Interest Rate on Small Saving Schemes like PPF, FD, NSC, KVP, SCSS, SSY

The Government of India has lowered the interest rates on Small Savings Schemes by up to 1.4% for the first quarter of FY 2020-21. Now the rate of interest for most of the schemes will be below 7%. The move follows the recent repo rate cut by Reserve Bank of India to support the economy …

Government Cuts Interest Rate on Small Saving Schemes like PPF, FD, NSC, KVP, SCSS, SSY Read More »

10 Relief measures taken by ministry of finance to help poor fight Corona Virus

11 Relief Measures (amounting to Rs. 1.70 Lakh Crore) taken by the Ministry of Finance against COVID-19

The relief measures are to support the people from the poor section, farmers, women Jan Dhan account holders, low wage earners, senior citizens, widows, Divyang and health service providers. Most of the relief measures declared on 26th March 2020 will come into effect from 01, April 2020. #1. Insurance Cover of Rs. 50 Lakh per …

11 Relief Measures (amounting to Rs. 1.70 Lakh Crore) taken by the Ministry of Finance against COVID-19 Read More »

RBI Policy measure to fight COVID-19

7 Takeaways from RBI Policy Measures to fight COVID-19

To help common man and businesses combat stress in the financial system caused by COVID-19, Reserve Bank of India has cut repo rate and provided other policy measures. On the broader level, the policy measures will ensure that: There is ample liquidity so that the financial institutions and markets are able to function smoothly. Easing …

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Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana 2020 – A complete guide

Are you planning to build your first house? This is now possible under the government initiative of Pradhan Mantri Awas Yojana. Without wasting time let’s go through the details. What is Pradhan Mantri Awas Yojana? The Indian government has started a subsidized home loan scheme “Pradhan Mantri Awas Yojana” which is an initiative under “Affordable …

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