People all around are busy in looking after useful tools of investments to saves taxes. In between this, they forget few things and make some mistakes which can easily be avoided by remaining alert and cautious. 1) Consider all aspects before investing: It’s always wise to broaden the horizon and consider all the factors suiting [...]

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National Electronic Fund Transfer was introduced in 2005 and is an advanced version of Electronic Fund Transfer (ETF). NEFT is an online mode of transferring funds through the banking channel. NEFT works on deferred net settlement (DNS) basis. Here transaction are held in batches and settlement made at a specific time. Currently NEFT services are [...]

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Real time gross settlement (RTGS) is one of the most convenient modes of making interbank money transfers in India. The transfer of funds occurs on continuous basis as per instructions received and so called as real time and as, the processing of instructions and settlement of funds, done on individual basis, known as gross settlement. [...]

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National Building Construction Corporation Limited (NBCC Ltd), a public sector company is hitting the equity market with its initial public offer. The main objective behind the issue is promotion of disinvestment of 12,000,000 Equity Shares and to get itself listed on stock exchanges. The state run construction company was incorporated in the year 1960. The [...]

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The much awaited union budget was presented yesterday (16-03-2012) by our finance minister, Mr. Pranab Mukherjee. The exemption limit on tax has been raised from 1.8lakhs to Rs. 2lakhs per annum. A tax rate of 10% will be imposed on income between Rs. 2lakh- 5lakh, 20% between Rs.5lakh-10lakh, 30% above Rs.10lakh. Some changes are also [...]

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