India's household savings Hit 13 year Low

According to the annual report of the RBI (Rerseve Bank of India), Indians are saving less and borrowing more. The financial savings of an Indian household sector has moderated to 9.7% of GDP in 2010-11 from 12.1% in 2009-10, This was reflected in lower growth in their bank …

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SEBI Clarification: MF transaction charge is not compulsory

The transaction charge on mutual funds (MFs) that the capital market regulator, SEBI (Securities and Exchange Board of India) has allowed the agents to impose on their investors is not compulsory. SEBI has given the option to distributors to either charge or opt out of char…

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Pune Municipal Corporation: Cut property tax for women

A proposal to grant 5% concession in general tax of the property tax to women who have properties registered in their names will be implemented from the next financial year in Pune Municipal Corporation ( P.M.C) Mr. Vilas Kanade, Tax Department Chief  of P.M.C said, "Th…

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Investors Awareness Education on Augest 31

Share market Investors Awareness & Education Programme to be held on Wednesday, the 31st August 2011 at 05.00 p.m. at the Registered Office of the  MADRAS STOCK EXCHANGE, Exchange Building, No.30, Second Line Beach, Chennai-600 001. Mr. Suresh Padmanabhan, Columnist, Spe…

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What is Education Loan

Student’s future education plans are supported with the availability of the educational loans that secures one’s life. There are years when students strived hard with the learning activities without any external support with financial issues. Educational loans were much in …

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What is Mortgage Loan?

A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage…

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What is Home Loan?

Purchasing a house can be a valuable form of investment. However, it requires considerable thought and careful financial planning before taking on such a big step. If owning a house is part of your financial goal, then you’ll need to know whether you can afford from your in…

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Punjab realtors say no to corruption

Inspired by Mr.Anna Hazare's anti-corruption movement, major  real estate developers of Punjab have announced not to pay bribes to government officials in future for getting their projects approved or for other related issues. Punjab chapter of Confederation of Real Est…

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Price set to rise in real estate sector in TN : Chitty Babu, CREDAI

Despite strong growth potential for real estate in Tamil Nadu, the price per square foot is set to rise in the next two three months as the industry is reeling under a crisis, including high input costs, a top industry official said today. Mr. T Chitty Babu, CREDAI (Confed…

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Punjab Real Estate Developers say no to corruption

Inspired by Anna Hazare's anti-corruption movement, major real estate developers of Punjab have announced not to pay bribes to government officials in future for getting their projects approved or for other related issues. Punjab chapter of Confederation of Real Estate…

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