Under the proposed Direct Taxes Code (DTC), NPS will be covered under
the Exempt-Exempt-Exempt (EEE) regime, wherein the investor will enjoy
tax benefits when contributions are made, says Vineet Agarwal, director of KPMG.
The government gives special tax exemption for contribution towards the National Pension System by employers on behalf of employees under the corporate model. Under this, both employee and employer's contributions are eligible for income tax deduction.
New rules, plus a proposed law giving statutory powers to the Pension Fund Regulatory and Development Authority,
promise to revamp NPS and popularise what many say is the only genuine
pension product in the country.
The performance of the economy continues to decline. Growth could take precedence over all other issues and it is inevitable to see a softening policy bias from the Reserve Bank of India, says Kotak Mutual Fund CEO Sandesh Kirkire.
Mutual funds are churning portfolios after the economic reforms
announced by the government in September and October. Since mutual funds manage huge
money, it helps to know where they are investing, which shows their
outlook on various sectors and stocks.
As the year comes to a close, we look at the recent performance of some mutual fund schemes launched in the 1990s. While some of these funds continue to be high on the ratings chart, some
have shown a fall in performance of late.
The Reserve Bank of India's moves since the beginning of the
calendar year signal a soft interest rate scenario, but actual rate cuts
may be some time away. Inflation is still a concern. How does all this affect you as an
By March 2013, 10 government-owned infrastructure companies would issue
Rs 53,500-crore worth of tax-free bonds. As interest earned from these
bonds would not be taxed, investors would earn a better post-tax return
than from bank fixed deposits.
The Securities and Exchange Board of India had
earlier this year allowed mutual funds to increase the expense ratio by 0.20 percentage
point for all investors and another 0.30 percentage point for investors
in specified small towns.
The buzz these days is all about Ultrabooks. But not everyone can afford
to spend Rs 50,000 or more to buy one. Most first-time buyers would
have a budget of under Rs 35,000. Here's a list of the best budget-buys:
When you invest in a built-up property to earn regular income, there is
no need to worry about exiting. But when your aim is capital gain,
timing the sale is the key to good returns. Here are some factors that you must look at to get the most out of your property investments.
The entrepreneurial bug is catching a growing number of Indian
professionals despite the absence of a very favourable start-up
ecosystem in the country. Web is helping entrepreneurs refurbish existing business models and make a decent profit.
The Cabinet Committee on Economic Affairs on Thursday approved a urea investment policy that is likely to incentivise fertiliser firms to set up new plants and expand existing capacity. We take a look at a few fertiliser stocks that you can bet on.
There are ways to assess funds that have been in existence for just a few years. The fund's comparison with peers over one year can give a picture about
its performance, though planners say one year is too short a period to
judge a scheme.
Although more than three and a half years have passed since the National
Pension System (NPS) was thrown open to all citizens in May 2009, it is
still struggling to attract investors seeking to set aside money for
old-age income security.