The rate of interest for Axis Bank home loan schemes are 8.55 per cent to 9.20 per cent per annum in floating rate schemes and 12 per cent in fixed rate schemes, for salaried individuals. For self-employed borrowers the interest rates are higher i.e. 8.65 per cent to 9.40 per cent. The rate of interest for LICHF scheme is 8.10 per cent onwards depending on the borrowers risk profile, credit score, etc. … [Read more...] about Home loans with EMI waivers: Should you go for them?
Sell a home
"Two, the quantum of revenue that the government must be collecting on LTCG for real estate must be extremely limited after you consider the various deductions that are available, but it results in a lot of administrative work from the perspective of someone who is planning to sell a house. So, I would suggest doing away with long term capital gains on sale of residential houses provided that the person has occupied that house for a minimum period of time. Let’s say 5 years - if you occupy the house for 5 years, you should not be required to pay any capital gains at the time of selling the property," he said. … [Read more...] about Budget 2020: Focus should be on job creation and capital market reforms, says HDFC’s Keki Mistry
The real estate and construction sector is the second largest employer in India, with deep links to the economy. There is an urgent need to provide targeted support to this sector in the Budget, Ritu Arora, CEO & CIO, Allianz Investment Management Singapore Pte Ltd, says in an interview to Moneycontrol’s Kshitij Anand. … [Read more...] about ‘Urgent steps needed to support real estate & construction sector in Budget 2020’
With the RBI rate cuts and the transmission, more capital shall flow to all sectors of the economy. Also, inflation is expected to cool in the next few months and revenues, both Direct and Indirect, are expected to improve in the coming fiscal. The fiscal deficit should also be controlled. … [Read more...] about ‘Stick to leaders in pharma, auto and IT space in 2020’
What will change, according to Rowland, is the extent to which specialists will be valued over generalists. He gives the example of legal services. In the past, a small business owner may go to a local lawyer to take care of their legal needs—both for their business and their personal affairs. In the future, that business owner will have greater access to legal talent and services—beyond their immediate proximity and geography—depending on their specific needs. They may engage one lawyer to help them sort out their tax affairs and another to help them write a will. Possibly neither of these lawyers will live in their city, and 100% of their interaction is likely to take place virtually. More and more of those transactions will occur on an as-needed, one-off basis, says Rowland. … [Read more...] about Will you still need a college education in 2040?