Why Petrol Prices Are So High In India?

Do you also wonder why in this world, petrol prices are so much higher in India compared to most of the countries on our planet? Do you know the fundamentals of how much petrol actually costs and how much we Indians pay for it? Why is there such a huge difference in the price of diesel and petrol in India …

Read More »

No Prepayment Penalty On Home Loans–By Axis Bank, Bank Of India, SBI And More

After the news of waiving prepayment penalty by housing finance companies now banks have also started to in line with housing finance companies. Some of the banks have already waived off the prepayment penalty on home loan on floating rate. Banks charge prepayment penalty to recover the cost which falls on them due to mismatch of assets and liability on …

Read More »

How To Take Benefit Of Deregulation On Saving Bank Deposit Interest Rate?

Since March 2010, every monetary policy review has raised the basis point. With every upward move of basis point, banks have passed the complete burden on consumers which resulted in high interest loan rates. The same episode happened in the last monetary review meeting held on 25th October 2011. Constantly for the 13 time, RBI have raised the basis point. …

Read More »

Securities Transaction Tax (STT) Maybe Reduce Or Removed In India – SEBI Requests Finance Ministry Of India

Past few months have not been among the good times for global economy. Economic crisis which originated from Europe, gradually spreading to USA and Asian economies have led to a big slowdown in economic growth worldwide. So far, India has been doing good compared to other economies because of strong internal demands and good fundamentals of growth from within Indian …

Read More »

RBI : No Prior Approval For Share Transfer Between Resident And Non Residents (NRIs)

As per the notification issued by the Reserve Bank Of India (RBI), transfer of shares between residents and non residents would not be require any prior approval in several key areas like financial services. In simple words, RBI have initiated a relaxation for the global investor by liberalizing the FDI norms. According to the amendment, now prior permission criteria from …

Read More »

RBI : FIIs Now Can Invest Upto $25 Billion In Infrastructure Bonds And Debentures

As per the latest notification by Reserve Bank Of India (RBI), now foreign institutional investors (FIIs) will be allowed to invest upto 25 billion USDs in bonds and debentures of Indian infrastructure companies which was earlier limited for upto 5 billion USDs. Foreign institutional investors (FIIs), which are registered with securities and exchange board of India (SEBI) would also be …

Read More »

Perpetual Bonds – Bonds With No Maturity Date

Perpetual bonds are the bonds with no maturity date. Which means the investor (bondholder) do not get the right to redeem the bonds at any point of time. Only the issuing company can take back i.e buy back the bonds from the investors. To indemnify the fact that the bond holder can never redeem their investment – company pays higher …

Read More »

Compare To Choose The Best Online Term Insurance Plans In India

Online insurance plan, as name suggest are insurance plans offered by insurance companies at online interface without any medical check up. Which means now customers can visit on the official website of the insurance company to get the policy in minutes. In contrast of offline insurance plans, online insurance plans offers more benefit to their customers like better insurance cover …

Read More »

AIEEE 2012–Details Of Application Form, Exam Dates, Eligibility Criteria And Official Website

All India Engineering Entrance Examination (AIEEE) as name suggest in an all India common entrance examination for admission to engineering. It is conducted by Central board of secondary education (CBSE) for admission in graduation coerces like B.E/B.Tech and B.Arch/B.Planning. Details for the AIEEE 2012 has been announced, candidates interested to take admission in the courses offered under AIEEE can take …

Read More »

Now Check Your LIC Of India Policy Status By SMS

Life Insurance Corporation (LIC) of India have started a new SMS service to provide basic policy details to its customers via SMS. This free service has been offered for the convenience to LIC Policy holders. However it is limited for some specific policy details only but details can be gathered easily by sending an SMS to to 56677. If you …

Read More »

IIT JEE 2012 – Register Online From 31st OCT To 10th DEC 2011

Online registration for the admission test to the Indian Institute of Technology Joint Entrance Examination (IIT-JEE) has began. Students can log on to the official website to fill up the online application form. The last date of online registration is 10th December 2011. The registration fee, including the cost of form, will be Rs 1800 for general male candidates and …

Read More »

Form 49AA – New PAN Application Forms For Non Residents (NRI’s)

Income tax department of India has introduced new permanent account number (PAN) application form especially for Non Residents. With the introduction of form 49AA NRI’s, PIO’s and entities having interest in India will have to provide additional information to the central board of direct taxes (CBDT) to comply with the Know Your Customer (KYC) norms of the Securities and Exchange …

Read More »