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Paying income tax may now be as easy as paying your credit card or phone bill. Central Board of Direct Taxes has now enabled payment of taxes through ATMs of certain designated banks using the Online Tax Accounting System (OLTAS). These include– Corporation Bank, Bank of Maharashtra, Union Bank of India, UCO Bank, Bank of […]

you have money stashed for future, now perhaps is the time to air it. Especially if your treasure is not giving good returns or bonuses. You should prepay if you can. Several banks allow a home loan borrower to partially prepay up to a certain limit without any penalty. Although, do take into consideration that […]

Car sales in India fell 23.8% in October, the biggest monthly percentage decline since December 2000, an industry body said on Wednesday, as high interest rates and vehicle costs drove down sales for a fourth consecutive month. Rising finance costs and increasing prices have deterred buyers in Asia’s third-largest economy, hurting carmakers that only months […]

NHB’s conclusion offers a measure of relief to Housing Development Finance Corp. Ltd (HDFC) and other HFCs that can now get away with the standard provisioning equivalent to 0.4% of the loan value to cover the risk of a default, rather than the 2% they would have needed to set aside for teaser loans. Increased […]

Two Nigerians were nabbed on Sunday for illegally staying in the country and running an international credit card racket in major cities including Hyderabad. According to deputy commissioner of police (Task Force) Ch Ramchander, Kasope Sangodipe Adeyemo alias Lloyd Abraham alias Philip and Abolaji Mohammed alias Maroof, both hailing from Lagos in Nigeria had purchased […]