Union Budget 2015 / 2016 has been tabled by the Finance Minister (Arun Jaitley) on 28th Feb, 2015. Below are the key points and highlights of Budget 2015. Budget 2015 & Personal Finance – Key points Provident Fund Employees will have the option to choose between EPF (Employee Provident Fund) and the New Pension Scheme. […]
Archives for February 2015
Income Tax Rates for FY 2015-16 (AY 2016-17)
Indian Finance Minister, Shri Arun Jaitley has tabled today, the Union General Budget 2015-16 in Parliament. The Finance Minister has kept the Personal Income Tax rates unchanged. Below are the Income Tax Slabs & Rates for FY 2015-16 or AY 2016 -17. (FY is Financial Year. AY is Assessment Year) Latest Income tax Rates for […]
Railway Budget 2015 – Highlights / Key points
Indian Railways Minister, Suresh Prabhu has presented Railway Budget 2015 today ( 26-Feb-2015). He outlined four main goals for Railways : 1) to deliver a sustained improvement in customer experience; 2) make railways a safer means of travel; 3) modernize infrastructure of railways and 4) expand capacity and finally make railways financially self-sustainable. He opined […]
Financial Planning & E.I.N.S.T.E.I.N (Albert Einstein)
I met one of my college friends a couple of days back. Our meeting lasted about 45 minutes. We covered almost all the hot topics.. Rahul G’s leave management, IT layoffs, PK success, Physics (his favorite subject since college days), Financial Planning (my favorite subject)…. 🙂 (My friend has done graduation in Chemical Engineering & […]
MF Utility – Online platform for Mutual Fund Investments
SEBI (Securities Exchange Board of India) has launched the much awaited MF Utility (MFU) on 21st Jan, 2015. Mutual Fund Utility is an AMFI (Association of Mutual Funds of India) initiated online mutual fund investment platform. Before knowing more about MF Utility Online facility, let us understand different ways of investing in Mutual Funds and […]
What are Payments Banks and Small Banks ?
In order to expedite financial inclusion, Finance Minister Arun Jaitley in his last budget speech (July,2014) had said that RBI will create a framework for licensing Payments Banks / Small Banks and other differentiated banks. These local area banks, payment banks and Small Banks are expected to meet credit and remittance needs of small businesses, […]
