The Reserve Bank of India raised key short-term policy rates by 25 basis points in an unscheduled announcement to tame doubled-digit inflation, but bankers said this won’t lead to any hike in interest rates for now.
Through proper planning it is possible to save a great deal of tax on real estate investments – both on income and on capital gains.
Starting 1st May 2009, any citizen of India desiring to open an New Pension Scheme account can contact any of
the twenty two (22) Points of Presence (POPs) appointed by PFRDA. Initially, PoPs are offering NPS at limited number of branches. However, in due course the number of such branches will grow and cover
every part of the country. The offer document containing details of the NPS, application form for
opening NPS account and welcome brochure is now available on the website of PFRDA
(www.pfrda.org.in) as well as the websites of other NPS intermediaries. Details of NPS intermediaries
including Points of Presence and Pension Funds are also available on PFRDA website.