Economists have said the ‘savings glut of the rich’ lowers aggregate demand and limits the size of the market
Net financial assets of households did increase. But that’s because the decline in household borrowings was sharper than that in bank deposits.
A year into the second term, how have the Modi government’s decisions impacted your finances? Team Moneycontrol takes stock of some key decisions.
Former Maharashtra chief minister Devendra Fadnavis' wife Amruta Fadnavis holds a senior position at the Axis Bank.
Household savings, saw a decline, to 18 percent of the GDP in FY19 from 23 percent in FY12.
A decade ago, investment and exports powered India’s growth, while the share of consumption in GDP declined; in recent years, however, consumption has been the only growth engine and even that is now faltering
Moneycontrol's Gaurav Choudhary explains how household savings can impact GDP growth and why policymakers should worry about its decline.
If you wish to reach your financial goals on time, you need to monitor both aspects of your finances
A construction boom will drive the creation of unskilled and low skill jobs.
To continue the momentum of infrastructure creation, the Budget is expected to focus on addressing the needs of the common man, especially in terms of extending tax incentives for housing.
Markets continue to remain volatile through the week. Rupee, crude oil prices offered a slight breather to markets and investors
The lack of saving is likely linked to low knowledge of how much money is needed in retirement, as well as many prioritising their immediate financial situation over planning for their older years
With the 150 bps cut from next month, Airtel Payments Bank's rate will be at par with that of other banks like Paytm Payments Bank
In our popular new series of "Managing Money with Moneycontrol", this time we bring you the top 3 things that first time investors should take care of.
Just investing in a mutual fund is not enough. One should allocate one’s investments in various options rather than limiting to one or a few.
The move could be part of a strategy to encourage people to save more in financial instruments.
Customers with savings bank account balance of Rs 5 million ($77,924.10) and above will continue to earn interest at 4 percent per annum, the lender said in a statement.
The idea is to set a savings target of 15-25 percent of one’s gross annual income and deposit this money in a mental account called “My Goals”
Retirement planning is done taking into consideration all the asset classes, but if you invest a sizeable amount in equities for the long term, being a crorepati will not remain a dream anymore.
According to a survey, most Indians don’t have any concrete financial plans towards achieving their life goals.
Single premium policies offer lower premium rates compared to regular payment policies and also provide higher death benefits. However, tax benefit on these plans will be applicable only for the year in which you make the one-time payment.
Companies will soon have to fill just a single common form to enrol themselves with retirement fund body EPFO and state insurer ESIC.
The government's move to halve import tax on liquefied natural gas (LNG) in a bid to promote use of the cleaner fuel, will result in Rs 900 crore savings to gas-consuming industries.
The amendment brings about parity in tax treatment between salaried and non-salaried self-employed persons.