Personal

The Reservation Policy in India is a process of reserving certain percentage of seats (almost up to 50%) in Government educational institutions and Government jobs for a certain class of people.

 In Central Government funded higher education institutions, 15% of available seats are presently reserved for Scheduled Caste (SC) and 7.5% for Scheduled Tribe (ST) students apart from 27% reservation for Other Backward Class (OBCs) totalling to 49.5%.

 OBC classifies castes which are socially or educationally or economically disadvantaged. 4.5% of Government jobs and education places are reserved for the minority which includes Muslims, Sikhs, Christians, Buddhists and Zoroastrians (Parsis), carved from the existing quota reserved for OBC.

 Decades ago, the reservation policy was adopted in our Country with a reason to uplift certain castes that were subjugated to atrocities, social and economic backwardness due to the prevalent dominance of caste system in the Society.

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Finance

Do we not wish to own our dream home or dreamt this some time in our life.

The biggest dream for most of us and once in a lifetime decision for the majority, we keep wondering how to arrange for the finance required for the same.

Our only solace in such situations is a home loan which would help us in living our dream today and to enable us to enjoy the feeling of pride that owning a house brings.

The biggest worrying factor in a home loan is that the loan tenure runs into several years and we end up spending a major part of our productive life repaying the same. Hence, choosing the right home loan provider is as important as choosing the right home.

With many home finance companies offering loan at tempting interest rates, we may tend to make a wrong decision on choosing the home finance company. It is imperative that we make the right decision in choosing a home loan company which can add value to our home loan process, since a wrong decision can have far reaching implications on your life.

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Finance

For over half a century now, investment in PPF under the Public Provident Fund  Scheme, 1968 has been a favourite savings avenue for several investors and is still standing tall.

It is one of the most popular small savings schemes, and why would it not be. After all, the principal and the interest earned have a sovereign guarantee and the returns are completely tax-free.

It offers a return of 7.80 per cent per annum (of course subject to change every three months). For a tax assessee in the highest tax bracket at 30.90 per cent, it translates to nearly 11.28 per cent taxable return. Surely, we can’t think of many taxable investments which provide such high pre-tax returns.

In terms of income tax implications, they also qualify for E-E-E (exempt, exempt, exempt) tax category, which means you are not liable to pay tax at all three levels – investment, earning and withdrawal.

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