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Savings

PO savings accounts taxable from current fiscal


The government has decided to levy tax on the interest obtained on Post Office savings schemes from ...
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PO savings deposits to fetch 4% interest

PO savings deposits to fetch 4% interest


A govt panel has suggested raising interest rates for post office savings deposits to 4% from 3.5%.
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RBI draft favours freeing of savings banks interest rate


The Reserve Bank said that deregulation of the interest rate on savings banks accounts would benefit...
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Banks for lower savings rates; relaxed provisioning norms

Banks for lower savings rates; relaxed provisioning norms


Bankers told the RBI that they may not achieve the 18 per cent loan growth target for FY10rates and ...
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Regulators shut  US bank, first in 2010

Regulators shut US bank, first in 2010


Regulators shut Horizon Bank in Bellingham, Washington on Friday, the first bank closing of 2010.The...
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DTC to address MAT, exemptions on savings, home loans: FM


Finance Minister Pranab Mukherjee today said the proposed Direct Taxes Code (DTC) will address the...
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Govt reviewing tax rules on savings, capital gains

Govt reviewing tax rules on savings, capital gains


The government is debating the need for changes in its tax laws including that on saving schemes, ca...
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Obama expands workers` retirement savings options

Obama expands workers` retirement savings options


Ggovt is trying to make it easier for Americans to save for retirement, Obama said as he noted the t...
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PFRDA to launch savings scheme on December 1

PFRDA to launch savings scheme on December 1


Interim pension regulator PFRDA will launch from December this year its savings scheme, which aims ...
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New pension-cum-savings scheme by year end: PFRDA

New pension-cum-savings scheme by year end: PFRDA


A new kind of pension-cum-savings scheme is on the anvil which would provide a safety net as well ...
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