“Order Aadhaar Card” is a new service launched by UIDAI which facilitates the Aadhaar holder to get their Aadhaar details printed on PVC card by paying nominal charges. Currently, Aadhaar letter is being issued as a laminated paper document to the residents after enrollment (or) update. In case, you would like to get the Aadhaar number printed […]
Banking
Latest Post Office Small Saving Schemes Interest rates Oct – Dec 2020 | Q3 of FY 2020-21
The Reserve Bank of India (RBI) has been cutting the key policy rates to mitigate Covid-19 impact. Also, most of the banks and financial institutions have already been reducing the interest rates on their deposits schemes. So, as widely anticipated, the central Govt had announced a steep cut in the interest rates on small savings […]
RBI’s statistical data on Indian Household Savings & Investments (2019-20) | How & Where do we invest?
The Reserve Bank of India (RBI) has released the latest volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy – 2019-20′ on 18th Sep, 2020. Through this publication, the Reserve Bank has been providing time series data on various Economic and Financial indicators for the Indian economy. You can find lot […]
Clubbing of Income of Spouse & Child : Definition, Scenarios, Examples & Exceptions
Normally, a person is taxed in respect of income earned by him/her only. However, in certain special cases income of other person is clubbed (i.e. included) in the taxable income of the taxpayer and in such a case he will be liable to pay tax in respect of his income (if any) as well as […]
What is Negative Real Interest Rate? | How Can Interest Rates Be Negative?
The RBI has been reducing its benchmark repo rate for the last few quarters. The repo rate was cut by 115 basis points between March and May 2020, to support the economy in light of the coronavirus induced slowdown. As a result, banks also have had to reduce their lending and deposit rates to adjust […]
Latest Post Office Small Saving Schemes Interest rates Apr – Jun 2020 | Q1 of FY 2020-21
The Reserve Bank of India (RBI) has recently cut key policy rates to mitigate Covid-19 impact. RBI has slashed the Repo Rate by 75 basis points to 4.4%. It has cut the Reverse Reop Rate by 90 basis points to 4% and CRR has been reduced by 100 baiss points to 3%. In view of […]
