Less than a week left as this rollercoaster ride of 2017 draws to a close. In India, GST finally became a reality after years of wait and watch. While linking of Aadhaar with most services seems inevitable, there was a temporary reprieve as the Supreme Court extended the Aadhaar linking deadlines to March 31,…
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The Supreme Court has extended all Aadhaar linking deadlines to March 31, 2018. In its order dt. December 15, 2017, the court confirmed that this would apply to linking of PAN, bank accounts, mobile numbers, other financial services (like credit cards, stockbroking and mutual fund accounts), as well as welfare schemes run by the central…
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After the introduction of GST on 01-Jul-17, the Government introduced different rates for GST on restaurant bills – non AC (12%) and AC restaurants (18%). Various taxes and cess were brought under a GST rate. However, Service Charge continues to exist, and so does VAT. During its 23rd meeting recently on 10-Nov-17, the GST Council has…
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The past couple of months have been tough for ultra conservative investors after seeing headlines mentioning falling interest rates. Ever since State Bank of India cut the interest rate on savings accounts to 3.5% on July 31, several banks have followed and many more are likely to do so in the coming days as well.…
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Previously, we’ve covered the basics of investing in mutual funds as well as the different plan types, and different ways in which to invest in them. While these are actively managed funds, there is often an ETFs vs Index Funds debate when it comes to passively managed funds. Broadly, they are similar to the extent…
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