In recent months we have seen interest rates rising in the debt market. Gilt yields have risen more than 80 bps over last one year. Corporate bond yields have risen 40-50 bps. Short term rates have moved 15-30 bps too. Debt schemes particularly those with longer duration have been impacted as rising rates mean lower […]
NSC is deemed to be encashed on the day the holder becomes an NRI, while PPF account is deemed to be closed if the status of the account holder changes. With changes in investment rules for select small savings schemes, the government has said such accounts will be closed before their maturity in case status […]
It is a rare thing to hear of someone who has celebrated their 100th birthday. It is rarer still to meet such a person. But with improving health facilities a day would come soon that there would be more than a million such people in the country. As per the estimates of United Nations (UN), […]
The Union Cabinet recently approved a proposal to enhance the limit of tax-free gratuity to Rs20 lakh, from Rs10 lakh. The proposal will need parliamentary approval to come into force. Once approved by the Parliament, this will come as a major relief, especially to those who spend many years working in a single organisation, which […]
A recent report by the Reserve Bank of India throws light on the financial complexion of Indian households. Very briefly, we tackle five points: Assets, Liabilities, Pension, Insurance and Retirement. You can read the entire report here. What assets do Indian households own? A large fraction of the wealth of Indian households is in the […]