Electric Indica within 12-14 months : Tata
Wednesday, November 25, 2009
Tata is planning to launch Electric Indica in India and abroad within 12-14 months.
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IPL is worth $1.65 billon : ‘hottest sports league' - Forbes
Forbes called IPL the world’s ‘hottest sports league’ because it worth IPL is worth $1.65 billon now. IPL is growing into a global brand.
Read more...PSUs offer better salaries than private companies
US Insurance Fund went into deficit banking sector back to profit
According to The Federal Deposit Insurance Corp. FDIC government insurance fund went into deficit for the first time since 1992. Bank and thrift earnings have improved.
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Saving Scheme for Retiring Person of Public Sector Employees:
Tuesday, November 24, 2009
Return of 9.5% payable half-yearly on 30th June and 31st December respectively.
Minimum Rs.1000/- and the maximum limitation is the amount equal to total retirement benefit.
Operated by retired PSU employees in his/her own name or with the spouse, jointly.
Maturity period is 3 years.
Tax free.
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Minimum Rs.1000/- and the maximum limitation is the amount equal to total retirement benefit.
Operated by retired PSU employees in his/her own name or with the spouse, jointly.
Maturity period is 3 years.
Tax free.
Schemes For Retiring Person
Government Employees :
Return at the rate of 8% per annum.
The minimum investment is Rs.1000/- and maximum amount equal to the total retirement benefit.
Maturity period of this scheme is 3 years.
Scheme is tax free.
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Return at the rate of 8% per annum.
The minimum investment is Rs.1000/- and maximum amount equal to the total retirement benefit.
Maturity period of this scheme is 3 years.
Scheme is tax free.
Tax Saving Schemes India
Public Provident Fund (PPF)
Interest rate of 8% p.a.
The minimum investment limit is Rs. 500/- and maximum limitation is Rs. 70,000/-.
Operated - singly or jointly.
Maturity period of 15 years.
National Saving Schemes (NSC)
Operated singly, jointly
Interest rate 8%.
The minimum investment limitation of the scheme is Rs.100/- and with no upper limit.
Maturity period of 6 years.
It is transferable
Provision of loan on the basis of this scheme.
Kisan Vikas Patra (KVP)
8 years
There is a minimum investment limitation of Rs.100/- with no upper limit.
This scheme is available throughout the year.
operated either singly or jointly.
nomination is also available
No tax benefit
Post Office Scheme (POS)
It can be operated by either singly or jointly.
It is available throughout the year.
categories:
* Monthly Deposit
* Saving Deposit
* Time Deposit
* Recurring Deposit
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Interest rate of 8% p.a.
The minimum investment limit is Rs. 500/- and maximum limitation is Rs. 70,000/-.
Operated - singly or jointly.
Maturity period of 15 years.
National Saving Schemes (NSC)
Operated singly, jointly
Interest rate 8%.
The minimum investment limitation of the scheme is Rs.100/- and with no upper limit.
Maturity period of 6 years.
It is transferable
Provision of loan on the basis of this scheme.
Kisan Vikas Patra (KVP)
8 years
There is a minimum investment limitation of Rs.100/- with no upper limit.
This scheme is available throughout the year.
operated either singly or jointly.
nomination is also available
No tax benefit
Post Office Scheme (POS)
It can be operated by either singly or jointly.
It is available throughout the year.
categories:
* Monthly Deposit
* Saving Deposit
* Time Deposit
* Recurring Deposit
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