Most people starting their careers feel liberated that they are finally earning money and, can actually spend it without seeking it from parents. They forget several important things, saving for the future, creating a retirement corpus and taxes.
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The Group of Ministers, which is reviewing the recovery path of Air India, will meet next month to discuss the infusion of Rs 1,200 crore (Rs 12 billion) as equity and review the steps taken by the national carrier for achieving a turnaround.
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Home loan repayment for an under construction property will get tax benefits only after the buyer takes possession.
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