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Finance - When you are going through a cash crunch, then a short-term personal loan can often be a life-saver. In fact, people take loans for all kinds of purposes- international trips, purchase of two-wheelers, and even marriages. However, are there some situations in which you should steer clear of getting a loan? ...
Read MoreFinance - The RBI or Reserve Bank of India controls monetary policies to regulate credit, banking and inflation in the country. In order to ensure a balanced supply of money, the RBI oversees the functions of financial institutions affecting the mandate on which you get loans and make investments. The rates decided by the RBI, including SLR, [&hell...
Read MoreFinance - Income tax reimbursement on a Personal Loan? Under certain circumstances, you can actually get tax benefits on Personal Loans. Read on to find out how....
Read MoreFinance - Manish Khera is a renowned entrepreneur, investor and a banker having more than two decades of rich experience in the finance domain. He has vast knowledge in micro-payments and microfinance and has been one of the key facilitators of financial Inclusion in the country across socio-economic segments. He has held several leadership roles s...
Read MoreFinance - Are you dreaming of owning a new car? Or perhaps you are in need of some extra money for your wedding? A personal loan is the exact solution to meet all your financial needs....
Read MoreFinance - Students whose parental income is less than Rs. 4.5 lakhs per annum and are enrolled in recognized technical & professional courses, after class twelfth, in India are eligible under the scheme. Educational loans of such students disbursed from 1st April 2009, irrespective of date of sanction are eligible for interest subsidy. ...
Read MoreFinance - Even as India has been cited as an example of prudential banking norms, the Reserve Bank of India (RBI) today said some lenders are not monitoring effectively use of loans by borrowers, which is facilitating diversion of funds. This came to light whe...
Read MoreFinance - The Reserve Bank of India (RBI) has once again advised banks and financial institutions to ensure that all information relating to charges or fees for processing of loans should be disclosed in the loan application forms. This is applicable to all lo...
Read MoreFinance - Ministry of Human Resource Development has proposed to introduce a scheme for full interest subsidy during the period of moratorium on loans taken by students belonging to economically weaker sections from the banks under the Education Loan Scheme of the Indian Banks’ Association (IBA) for pursuing any of the approved courses of studies...
Read MoreFinance - British newspaper The Independent reported that the banks include HSBC, Royal Bank of Scotland, Lloyds Banking Group, and Standard Chartered. The banks' total loans to Dubai World exceeds US$ 30 billion. ...
Read MoreITO Vs. Ethno Financial Research Pvt. Ltd. (ITAT Delhi) - The provisions of Explanation to section 73 do not distinguish between the transaction of trading in shares on actual delivery or without delivery basis. Admittedly the assessee does not fall under any of the exceptions provided in the Explanation and hence, the purchase and sale of shares traded du...
Read MoreIndustrial Cables (India) Ltd. Vs Addl. CIT (ITAT Chandigarh) - We have considered the, rival submissions, perused the material on record. In the instant case, rehabilitation scheme was sanctioned by the BIFR on 05.07.2001, A copy of the summary record of the proceedings of the hearing held on 5.7.2001 before BIFR- have been placed in the Paper Book. It has been...
Read MoreJay Bharat Maruti Ltd. Vs. CIT (Delhi High Court) - 8.3 It cannot be disputed and it is not the case of either side that the reasons extracted hereinabove did not precede the issuance of notice under Section 148(1) of the Act. The requirement for recordal of reasons by the Assessing Officer before issuing a notice is provided for under sub-section (2...
Read MoreRBI/2009-10/178, RPCD.CO RRB.No. 29 /03.05.33/2009- 10 - (06/10/2009) - In terms of paragraphs 2.1.1 and 2.1.2 of Section I of the guidelines on lending to priority sector enclosed to circular RPCD.No.RRB. BC.20/ 03.05.33/2007- 08 dated August 22, 2007, credit to small enterprises includes loans granted to micro and small (manufacturing and service) enterprises, provide...
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