Govt Announces Rs 48,239 Crore Recapitalization Plan for 12 Public Sector Banks

Govt Announces Rs 48,239 Crore Recapitalization Plan for 12 Public Sector Banks


The government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank - the two 'better-performing' banks currently under the Prompt Corrective Action supervision of the RBI.

Earning Rs 9.5 lakh per annum? Here's how to pay zero tax

Earning Rs 9.5 lakh per annum? Here's how to pay zero tax


With the changes proposed in the budget 2019 on the personal tax front, an individual with a gross total income up to Rs 9.50 lakh can now reduce his tax liability to NIL. You can claim deduction up to Rs 2 lakh for the interest component of your EMIs.

Women grossly under-insured: Survey

Women grossly under-insured: Survey


BENGALURU: Women are grossly under-insured in India with only 33% saving for future stability, according to a new Max Life Insurance survey of 4,500 respondents in 16 cities. Women apparently spend a lot more of their salary for the household — with 42% of earnings diverted to basic expenses, as against working males who spend only 28%.

What are the costs involved in taking a home loan?

What are the costs involved in taking a home loan?


Knowing all the costs involved while taking a home loan from any lender can help you manage your other household finances better.

5 money tips for newlyweds to put their financial house in order

5 money tips for newlyweds to put their financial house in order


When you start co-living and co-existing, you also start so-spending and co-saving. So, it's also time to sit down with your partner and decide your share of responsibilities.

Only 21% of life insurance holders have term insurance: Survey

Only 21% of life insurance holders have term insurance: Survey


Of those who own term insurance, 57 percent do not have any awareness of the sum assured they are guaranteed on their policy.

Here's how to use insurance plans to save income taxes

Here's how to use insurance plans to save income taxes


If the policyholder surrenders the traditional plan before two years and the ULIP plan before five years the tax benefit will get reversed.

You may avail up to Rs 1 lakh deduction from taxable income u/s 80D, but subject to these conditions

You may avail up to Rs 1 lakh deduction from taxable income u/s 80D, but subject to these conditions


To promote health insurance, the government provides tax benefits under Sector 80D of the Income Tax Act, so that people may avail costly treatment from private hospitals.

Reliance Group Stocks Under Pressure; Tank up to 10.3 Per Cent After SC's Verdict on Anil Ambani

Reliance Group Stocks Under Pressure; Tank up to 10.3 Per Cent After SC's Verdict on Anil Ambani


Reliance Capital tumbled 10.26 per cent, Reliance Communications tanked 9.46 per cent, Reliance Infrastructure 8.75 per cent, Reliance Power 5.52 per cent and Reliance Home Finance 5 per cent on BSE.