Many double-income couples increase their home affordability using 40-45 per cent of their combined income. That is, if both husband and wife make Rs 1 lakh each a month, then the upper cap on the EMI would be 40 per cent of Rs 2 lakh, i.e., Rs 80,000. And this automatically increases the home loan amount accordingly. … [Read more...] about Home loan: How much can you afford?
As such there is no bright line test to make this election and for the salaried folk the simplest way forward is compare previous year’s tax outflow with the tax computed under the new regime. The possibility that a taxpayer with heave entitlements to personal tax deductions ends up with a lower effective tax rate than the new regime cannot be ruled out. … [Read more...] about Budget 2020|Personal tax rate cuts – to elect or not to elect?
The meeting lasted three hours. Val munched on Kit Kats and raspberry-flavored fig bars and drank coffee and Coke and smoked his e-cigarette and unspooled his story a final time. The agents told him they had started out investigating Deutsche’s money laundering in Russia—the notorious mirror trades—but they had widened their scope to focus on an array of potential criminality at the bank. They were interested in DBTCA. They were interested in Monte dei Paschi. They were interested in the Fed’s stress tests. (Soon the same agents would be in touch with a number of Deutsche whistleblowers. One of the employees who had complained to the SEC about how the bank was hiding billions of dollars in losses on derivatives got a call. So did Tammy McFadden, the former compliance officer who had raised concerns about Kushner’s company moving money to Russians. These former employees were more than happy to help bring the bank to justice.) … [Read more...] about How a Wall Street exec’s suicide led his son to share files on Trump’s favorite bank with the FBI
In case, the number of eligible stocks representing a particular sector within Nifty 500 falls below 10, then deficit number of stocks shall be selected from the universe of stocks ranked within top 800 based on both average daily turnover and average daily full market capitalisation based on previous six months period data used for index. … [Read more...] about NSE drops Yes Bank from Nifty 50, picks Shree Cement
MUL has a strong return ratio (over 20 percent), with cash at 20 percent of market cap. "MUL would generate strong free cash flows of Rs 200 crore over the next three years and is available at attractive P/E of 11.4x FY2021 and 9.5x its FY2022 earnings," said the brokerage. … [Read more...] about Analysts bullish on this synthetic leather-maker, see over 20% upside