Axis Bank’s Shubh Aarambh Home Loan, on the other hand, is a similar scheme, but with a maximum amount of Rs 30 lakh, presumably targeting affordable housing borrowers. This scheme waives off your four EMIs at the end of fourth, eighth and 12th years, respectively. The home loan can also be used to purchase an under-construction, a resale or ready-move-in property. The minimum home loan tenure is 20 years at the time of loan disbursement and the maximum home loan amount is Rs 30 lakh. A total of 12 EMIs will be waived off by each of the two Axis home loan schemes. … [Read more...] about Home loans with EMI waivers: Should you go for them?
The FMCG sector is facing a sharp slowdown in sales growth, though volume growth has seen a lower fall. This is indicative of pricing pressures, lower aggregate demand and slowing household savings that are acting as headwinds for the FMCG sector. Profitability has also shown a slower growth trajectory with adverse product mix and higher promotion costs eating into margins for the sector. … [Read more...] about Sri Sri Tattva’s Arvind Varchaswi pins hopes on Budget 2020 to revive demand
When the Goods and Services Tax (GST) was introduced on July 1, 2017, amalgamating 17 central and state levies, five commodities namely crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) were kept out of its purview given the revenue dependence of state governments on this sector. … [Read more...] about Budget 2020: Oil Ministry pitches for inclusion of natural gas in GST
"I hope that the government will bring necessary provisions to accommodate four different slabs under 'One GST Rate' in the upcoming Budget. While the tax ratio has benefits to inbound operators to grow in the inbound market, the government can also look at setting up startup funds for travel agencies.” … [Read more...] about Here’s what travel and tourism industry expects from Budget 2020
Recommending greater Ease of Doing Business in the insurance sector, it suggested that the FDI caps for insurance companies should be increased up to 100 per cent without additional restrictions on management control. Private equity funds should be allowed to hold more than 10 per cent of the paid up equity share capital of the unlisted insurance companies, it said, adding that the first preference for re-insurance sector should be amended. … [Read more...] about India-centric biz advocacy groups seek reduction in tariffs, more reforms