Kisan Vikas Patra Yojna has been relaunched by Government of India on 18th November,2014. The Kisan Vikas Patra scheme was originally launched in April, 1988 but was discontinued in 2011. This was a very popular financial product among the lower and middle income group. Main Features of Kisan Vikas Patra are: Safe investment scheme for […]
Latest in Personal Finance
What is CRR, SLR, Repo Rate & Reverse Repo Rate?
“RBI (Reserve Bank of India) has cut interest rates.” “RBI has increased the interest rates.” “RBI keeps the key rates unchanged..“ Have you heard or seen these kind of headlines? Hmmm, I am sure you might have…. So, what are these interest rates? How are they going to impact our finances? Let […]
Income Tax Department’s New Website
Income Tax Department’s new website has been made operational with entirely new frame and flavor. New contents, information and number of new useful links are provided in the new website. The website was launched just a couple of days back. The IT department’s website now looks more user-friendly. The contents are very well presented and […]
RBI’s data on Financial Savings of the Households
Recently the RBI (Reserve Bank of India)released ‘Handbook of Statistics on the Indian Economy-2014.’ This handbook is available to the public and is updated every year. Based on this handbook, I have tried to collate some important / interesting points related to Personal Finances. Like – Financial Savings of Households, total investments in bank deposits, […]
