mismatch

Driven by angry mortgage borrowers, RBI has once again nudged top banks to charge lower home loan rates to old customers instead of just using the lower interest rates to pull new borrowers. But lenders continued to resist the proposal, citing cost mismatch. The contentious issue cropped up when CEOs of large banks met senior RBI officials on Thursday to suggest possible measures that the central bank could consider for the January 29 monetary policy. Full Article

Japan’s second quarter GDP increased by 4.8% in 2009 from a year ago. This was surprising for most economists as the predicated a 2.7% growth. The figure is very much reliable as the GDP number came riding not only at the cost of export buts also domestic demand contributed too. Consumption of goods has increased in Japan along with investments growth in manufacturing and capital goods and other sectors excluding residential projects. Full Article

The data structure of quarterly e-TDS / TCS statements has been modified by the Income Tax Department to incorporate certain additional fields and validations to further improve the data quality. New data structure (File format changes highlighted) version 4.0 [for quarterly e-TDS / TCS statement (Regular and correction)] Full Article

Equity as an asset class outperforms all other asset classes in the long run. True. But, how do you pick the right company? It’s always important to spend time in knowing a company, its business, financial health and prospects. But do you have the time, resources and energy to study about 1,400 companies listed on [...] Full Article

Corporate India and retail borrowers may soon get loans at cheaper rates and on easier terms. The Reserve Bank of India has advised banks to cut rates further, citing fall in inflation, easy liquidity and lower cost of funds. Full Article

The Income-tax Department is required to give credit for TDS based on the annual information in NSDL site. The assessee can register his PAN and view the status of TDS, advance tax and self-assessment tax (annual tax statement AS 26). Credit for TDS is given to deductees based on the returns submitted by the deductor. In the event of the returns being rejected for mismatch of challans or non- quoting of PAN numbers of some of the deductees, assessees have no remedy to ge.. Full Article