Investors prefer Mumbai, Delhi and Bengaluru to invest in properties and houses. Magicbricks which is a real estate website has asked its readers to choose the city that would choose to invest in the current year.
Zoom Air starts its operations
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Regional Airlines Zoom Air has started its operations from yesterday. The airline becomes India’s 6th scheduled carrier for domestic skies.
The Head of the SEBI (Securities and Exchange Board of India) Mr. U. K. Sinha has announced that a financial review committee will be set up soon to explore the possibilities of investing the saving made by the housewives.
First-time home buyers belonging to the higher income category to get more government subsidy after about ten days of 2017-18 Union Budget. At present, those who earn above Rs 6 lakh per annum can avail subsidy on home loan interest.
SBI will not cut lending rates
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The State Bank of India, SBI, has ruled out of any lending rates cuts at this point. Earlier this week, Governor Urjit Patel said there was scope for banks to reduce their lending rates as RBI has cut repo rate by 175 basis.
J Sampath - Founder of JB Soft System
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J Sampath is the founder of full swing website Development Company called JB Soft System. The company called JB Soft System creates the face of any brand or company onto the world of web by extending website design and development services.
The centre has mandated Aadhar card for availing provisions from ration shops at subsidized prices. The deadline to synchronize Aadhar number with ration card is extended up to 30th June.
A survey conducted b a British Company reveals that by the year 2050, China would be the most powerful country in the world followed by India in the 2nd place.
America has decided to cut the legal immigrants by half within next 10 years. Two top U.S. Senators have proposed legislation to cut the number of legal immigrants to the U.S. This is a setback to Indians who have decided.
RBI: No change in REPO Interest Ratio
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There was a review meeting conducted today in Mumbai on the Reserve Banks of Indias Financial Policy (Wednesday, 8th February).In this meeting, no changes were made on the short-term loan Interest (REPO) ratio.
The total number of free cash transactions in HDFC bank will be reduced down to four intending to make customers refrain from accessing banking services at bank branches.
The Reserve Bank of India, Chennai Branch in a press release has mentioned: The Indian Reserve Bank circulates the coins minted by the Indian government. The coins will be under circulation for a long time.
The government intends promoting digital transactions and Arun Jaitley, the Finance Minister has clearly displayed confidence that the charges towards such payments will come down with increase in total volume.
For those who earn between Rs. 50 Lakhs to Rs. 1 Lakh per annum, an additional income tax of 10 percent is charged along with the existing 30 percent Income Tax.
As the regulation Act on plot sales has been prepared and ready, it is expected that this will be enacted as a Law in a short time. The central government enacted the plot sales regulation Act in March last year.
The company Brand Finance has listed the top 500 most popular brands. In this list, Google has managed to push the company Apple behind and secures the 1st place.
The Revenue secretary Hasmukh Adhia, informed that only a maximum concession of Rs. 2 Lakhs per year can be given to the individual buying a 2nd home/flat. Anything above this is not warranted.
A bill for imposing a penalty of Rs. 10000/- if found in the possession of more than 10 numbers of the old demonetized currency notes of Rs. 500/- and Rs. 1000/- has been presented in the parliament.
