Budget 2014: How much do taxpayers stand to gain?

Budget 2014: How much do taxpayers stand to gain?

The raising of the basic exemption limit by Rs 50,000 will save Rs 5,000 in tax, while the Rs 50,000 increase in the investment limit under Section 80C will help them save another Rs 15,000.

Budget 2014: No separate benefit for retirement and insurance

No separate benefit for retirement and insurance, but a bigger Section 80C will be an incentive.

Budget 2014: Tax incentives for home buyers positive for investors

The raising of deduction limit on principal and interest repayment will encourage home buying, while the green signal to REITs is a positive for investors.

Budget 2014: Best investment options under Section 80C to save tax

The PPF is an all-time favourite investment option and the Budget has only made it more attractive by enhancing the annual investment limit to Rs 1.5 lakh.

Top 4 sectors that stand to gain most from Budget 2014

Morgan Stanley, for instance, increased its one-year Sensex target by 9% to 28,800 after the Budget was tabled in the Parliament.

Quote of the week

"Prime Minister Modi is seeking more investment in India's economy, and I want British companies to provide it, and the British government to support it"

George Osborne Chancellor

Family Finances

Despite heavy reliance on real estate, a high income will help the Patils reach their goals

The Patils have found the nerve to venture into equity, but the investment is inadequate since their focus has expectedly been on real estate and debt.

Financial Planning

Budget 2014: Achche din not here for mutual funds

Have funds done a good job of investment management? They mostly have. Then why does the industry find itself at a crossroads too often?

Money-making venture

Navigant Tech: Ankur Bhatia sets new standards in global outsourcing with Rs 12 crore venture

Navigant Technologies services about 30 clients spread across North America, Australia, the UK and Singapore, and reported a turnover of Rs 12 crore in 2013-14.

Entrepreneurs

Dispomed Incorporate: How Yogesh Gurjar set up a Rs 20 crore surgical equipment venture

"We also received the President's Award for being the best small-scale entrepreneur in 1992. In 2005, I won the JRD Tata Award for being the best first-generation entrepreneur."

Financial Calculators

Plan your car

Car cart!
Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy.

Home Loan Refinance

Should you refinance your home loan?
Find out how much you will have on retirement with different combinations of savings, percentage returns, time to go and tax rate.

More Calculators

Hiking long-term capital gains tax on non-equity funds will be a damper

People in the higher tax bracket, who preferred mutual funds because of the 30% tax implication on the interest earned from bank fixed deposits, will be the worst hit.

7 types of inflation and how they can affect your financial planning

It is important to consider the different types of inflations and the manner in which they can affect your financial planning.

Margin trading: Five smart things to know

For a position of Rs 100, a broker may offer Rs 50 as margin funding at a specific rate of interest. The remaining Rs 50 will have to come from the investor.

How to open a locker with a bank

While choosing a locker, keep in mind the location and ease of transaction. A neighbourhood branch in which one already has an account would be the best option.

Should you liquidate long-term holdings to meet short-term financial goals?

Ankita Jain should identify the longterm goals of her investment portfolio. Liquidating her investments will put her long-term goals at risk.

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Gives you the latest IPO/FPO related news

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News Digest

		THE TIMES OF INDIA
		Tuesday, July 15, 2014
		Today's Headlines

		India
		Won't protest Modi's visit to Pakistan: Hafiz Saeed Hafiz Saeed has said they won’t protest Narendra Modi’s visit to Pakistan, as the organization doesn’t “participate in such 'politics & protests’”. BJD members walk out of LS over Polavaram dam BJD members staged a walkout from Lok Sabha on Monday to protest against the “unilateral’’ decision to raise the height of the Polavaram project that will adversely affect thousands of tribals in four districts of Odisha. BJP leaders condole Giriraj Kishore's death BJP leaders on Monday condoled the death of VHP leader Giriraj Kishore, saying his life and thoughts epitomized selfless service. More India News»

		Business
		Inflation eases, poor rains remain a worry Data released by the government showed that retail inflation in June hit 7.31%, the lowest level seen since the new measures was introduced in January 2012. Premium compacts, entry-level sedans' sales rise The entry-level segment (comprising models like Alto and Eon, etc) too has shrunk, but only around 14.5%. NTPC loses tariff battle NTPC is looking to take a hit of about Rs 1,800 crore this fiscal as the Central Electricity Regulatory Commission (CERC) on Monday rejected its petition against changes in the tariff regulations . More Business News»

		Environment
		48 industrial units polluting Ganga asked to close down Directions have been issued to about 48 industrial units polluting River Ganga to close down, the Rajya Sabha was informed on Monday. 163 large and medium irrigation projects delayed: Centre A total of 163 large and medium irrigation projects are delayed, the Rajya Sabha was told on Monday. 'Kanhargaon wildlife sanctuary will hit surrounding villages' Fadnavis on Thursday claimed that the state government has completed all the formalities for creation of the sanctuary."Total 265.014 sq km (26,501.495 hectares) has been demarcated and approved for the sanctuary. More Environment News»

		World
		Egypt proposes Israel-Gaza ceasefire The late-night offer by Egypt marked the first sign of a breakthrough in international efforts to end the conflict. Bodies found near Baghdad as rebels fight each other Residents of a town north of Baghdad found 12 corpses with execution-style bullet wounds on Monday following fighting between rival Sunni insurgents that could eventually unravel a coalition which has seized much of northern and western Iraq. Vote deal will work, Afghan candidate Ghani says Former finance minister Ashraf Ghani Ahmadzai credited a US-brokered deal for a full ballot audit with pulling his country back from the brink, putting the rule of law and government legitimacy back on track. More World News»

		Entertainment
		Ranbir's ex to be present at Katrina's birthday? We heard that Katrina Kaif is in Corsica to spend her birthday (July 16) with boyfriend Ranbir Kapoor. 'Salman Khan takes too much pizza toppings' Given the upcoming thriller Pizza, which is a story about a pizza delivery boy, whose delivery goes horribly wrong, we decided to meet a few real-life delivery pizza boys to find out if they had encountered something unusual while delivering pizzas. Top 5 prospective brides for Salman Khan Aamir Khan recently admitted that he was tired of asking his buddy Salman Khan to get married. More Entertainment News»

		Science
		An injectable foam to treat battle wounds An injectable foam system has been developed to stop profuse bleeding in wounded soldiers to boost their odds of survival in the battlefield. Experts warn about too much antibiotics use What may help kill the bugs in your system can actually affect the entire society, warn specialists. Lack of physical activity found to be the biggest risk factor causing Alzheimer's globally Lack of physical activity has been found to be the biggest risk factor causing Alzheimer’s globally as researchers say that just one hour’s exercise a week can reduce the chance of the disease by almost half. More Science News»

		Sports
		'Messi didn't deserve Golden Ball' Diego Maradona said compatriot Lionel Messi did not deserve to be named best player of the World Cup, arguing it should have gone to James Rodriguez. Brazil celebrates rival Argentina's defeat Brazilians bitter about their team's disastrous World Cup celebrated Argentina's defeat to Germany in the final by dancing and launching fireworks. Blatter gives WC 9.25 marks out of 10 Fifa president Sepp Blatter gave the World Cup 9.25 marks out of 10, the day after the tourney ended with Germany beating Argentina 1-0 after extra time in final. More Sports News»

		Technology
		8 tech titans who won't leave their fortune to their kids We've rounded up some of the most generous people in tech, all of whom have decided to donate large portions of their wealth to charity rather than pass it down to their children. Samsung teases eye scanner; coming to Galaxy Note 4? A tweet by the Twitter account @SamsungExynos shows an image of a phone with eye-scanning user interface. iPhones not a threat to China's security: Apple Apple said, "As we have stated before, Apple has never worked with any government agency from any country to create a backdoor in any of our products or services." More Technology News»

		Education
		AICTE nod must for DU BTech: Smriti Irani More than 2000 students were admitted in various B.Tech programmes but after FYUP was scrapped last month and four year undergraduate courses were reverted to three year, these students protested. Mumbai University to encourage prominent colleges to opt for autonomy To reduce the burden of administration of 729 affiliated colleges, Mumbai University will encourage more colleges, especially those with ‘A’ grade, to seek autonomy. Kerala University of Fisheries and Ocean plans new schemes Kerala University of Fisheries and Ocean Studies has planned a slew of new programmes in research and education sector, including setting up of a Centre of Excellence in Marine Biotechnology and Marine Bioprocessing, state fisheries minister K Babu told the Assembly today. More Education News»

		Mumbai
		Rail fracture delays trains from Pune The cause of the fracture is yet to be ascertained and an inquiry has been ordered. The incident did not have any impact on the CR suburban services. 11 crew members airlifted from ship that broke anchor near Mumbai In a 30-minute rescue operation, the Indian Coast Guard airlifted 11 crew members who were stranded on Indian merchant vessel MV Priyanka, which started drifting after it broke its anchorage 20 nautical miles or 37km from Colaba shore around 11.20am on Monday. Doctors to pay woman Rs 43 lakh for kidney operation without tests The state consumer commission has ordered a payout of around Rs 43 lakh to a Mumbai-based woman whose kidney was removed by doctors during a hysterectomy after they found a growth on it, without informing the patient or relatives. More Mumbai News»

		Delhi
		Cop on gangster's trail shot A Delhi Police constable who had been trailing a history-sheeter was shot dead in a blind alley on Monday afternoon. Old methods make policing risky Almost 40 policemen have lost their lives on duty in the past two years. While the department maintains that steps are taken to ensure their safety, Delhi Police personnel say little is done for them. Government told to pay Rs 5 lkh to kin of biker shot by cops Police firing at bikers on Ashoka Road last July that led to the death of teenager Karan Pandey was disproportionate to the threat, and showed negligence and error of judgment, National Human Rights Commission has observed relying on a magisterial inquiry report. More Delhi News»

		Bangalore
		State-of-the-art command, control centre for crime management: Police chief Bangalore City Police is all set to get a state-of-the-art command and control centre to deal with crime, and law and order issues, city police chief Raghavendra Auradkar said. Madani walks out on bail, wife moves NIA court People's Democratic Party (PDP) chairman and Bangalore serial blasts accused Abdul Nasser Madani (49) walked out of the Central Prison, Parappana Agrahara, here after completing bond formalities around 8pm on Monday. HC: Notaries can't give marriage certificates The Karnataka high court on Monday directed the law secretary to issue a circular restraining notaries from issuing certificates solemnizing marriages. More Bangalore News»

		Hyderabad
		Shifting of GAIL pipelines: HC asks Centre to file reply Hyderabad high court on Monday directed the Central government to file its reply within three weeks to a petition that sought the shifting of gas collecting station (GCS) and pipelines of Gas Authority of India ltd (GAIL) from Nagaram area of East Godavari district. KCR mulls ways to overcome power shortage in Andhra Telangana continues to reel under five to six hours of daily power cuts despite a fall in day temperature during the last two days. Cabinet meet rings in hope Putting to rest all speculations, the cabinet meeting of the Telangana government will finally take place on Wednesday with the government slated to spell out its policies on many thorny issues, including the farm loan waiver, fee reimbursement scheme and local status to citizens. More Hyderabad News»

		Chennai
		Bank lockers don't have insurance cover The recent fire at the State Bank of India office on Rajaji Salai has raised, among others, questions on the safety of lockers. Britannia plot sold for Rs 172 crore Chennai-based Sugal and Damani Foundation has purchased 8.6 acres of land in Padi from biscuit maker Britannia for Rs 172 crore. Chennai's first women's college struggles to stem the decline Bureaucratic delays have stalled many infrastructure projects in the city’s government colleges. Alumni and faculty members hope the new management will be able to get approval to meet at least the immediate needs. More Chennai News»

		Ahmedabad
		Om Prakash Kohli is new Gujarat governor Veteran BJP leader Om Prakash Kohli, 79, has been appointed the regular governor of Gujarat. Social revolution takes huge leap in Gujarat At least 80 students belonging to socially backward dalit and tribal families are being groomed to be priests as part of the three-year diploma course of priesthood — purohityam (karmakand) — at Shree Somnath Sanskrit University in Saurashtra. Now, track garbage vans via GPS After pilot testing of the GPS-based garbage van tracking system in Ghatlodia and Maninagar areas, Ahmedabad Municipal Corporation’s (AMC) solid waste department is extending the tracking system across the entire city. More Ahmedabad News»

		Allahabad
		Priests decide to clean Ganga ghats on Sundays In a unique initiative of making the holy river clean and pollution-free, the priests of the city have decided to clean the banks of Ganga every Sunday.Many priests assembled at Sangam and started cleaning the banks. Monsoon Fest to celebrate literature, culture from July 16 In a bid to apprise the youngsters about the significance monsoon has in the country's socio-political, cultural and economical, variety programmes including music and cultural shows have been added. Rain skips first day of Shrawan A day after mild showers, the first day of Shrawan the Hindu month, went dry on Sunday with sultry weather condition and high humidity level. More Allahabad News»

		Bhubaneswar
		Fake certificate unit in Malkangiri busted, 1 nabbed Police in Malkangiri district unearthed a fake educational certificate-making unit and arrested one Siba Prasad Padhi on Saturday. No end to row over airport boundary wall Construction of a boundary wall of Biju Patnaik Airport here has been stalled following opposition from Bhimpur residents, who argue it would narrow down the road to the locality. Ayurveda courses await central nod Students looking to take admission in ayurveda are in a fix with the central government yet to give a nod for admission to government-run ayurvedic colleges in the state. More Bhubaneswar News»

		Bhopal
		No more hassles for school kids as van ddrivers get say After two days of torment, students and parents can feel relieved from Monday as school van drivers have officially called off their strike on Sunday. Expelled medicos picked up, released Students expelled from medical colleges for using unfair means in pre-medical test (PMT) were not allowed to assemble at Lake View Road on Sunday and were picked up and released shortly by the cops. Rain drenches Bhopal, Gwalior sizzles at 42 degrees With parts of state already witnessing monsoon, there is more to come.Bhopal circle meteorological department officials said the region experienced rain between Saturday night and Sunday morning. More Bhopal News»

		Chandigarh
		Three horticulture officials held for accepting bribe A team of anti corruption branch of CBI has arrested a sub divisional officer (SDO), Navjot Singh Sandu, along with two other employees of UT Horticulture Department for demanding and accepting a bribe of Rs 5,000 from a contractor on Monday. Two others were included clerk Ashwani Kumar and computer operator Raju. Retired Army colonel shot dead in Hisar A retired Army Colonel was shot dead allegedly by his neighbour following an altercation over construction of wall around a park in Jawahar Nagar area here, police said on Monday. Centre stops Justice Manjunath's appointment as CJ of Punjab and Haryana high court The appointment of Justice KL Manjunath of Karnataka high court as new chief justice of the Punjab and Haryana high court has been stalled. More Chandigarh News»

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