A Unit Linked Investment Plan (ULIP) is an instrument which combines insurance and investment. A part of the investments are used to provide life cover and the remaining amount is used to make investments in a unit fund. With ULIPs, you can top-up, switch between funds, increase or decrease the protection level during the term… Read More »
Although they are not better than private banks in terms of facilities provided, their interest rates are definitely competitive. For example, the interest rates on auto loans are anywhere less than 5%-7% than that offered by private banks. However, unlike private banks, the documentation process is lengthy and getting a loan approved quickly is rather… Read More »
Apart from the exciting and often tempting credit card offers, have we ever looked at the fine print, the stuff that actually makes the difference between a good and a bad choice? Most probably, not. Here is some information you should always look at before you opt for a credit card.
The most positive take away from the BoP for 2008-09 is the Capital account. The FDI inflows and NRI deposits have shown tremendous growth implying a greater confidence in the Indian economy in the long term and gives us the confidence that we are on the right track albeit slowly. NRI deposits were at 4.3… Read More »
Although the concern of my government and our electoral promises were based on the “aam-aadmi”, I have tried to focus more on the “gaon ka aadmi” (the Rural Indians). Ours is a country of villages and villagers and if there has to be growth we need to make them an integral part of our growth… Read More »
The only specific benefit for the salaried class in the budget is the scrapping of Fringe Benefit Tax. Companies may now be a bit more liberal with the perks offered to their executives. We can expect more on the ESOPS and Superannuation front as now they are free from the implications of the FBT.
From a consumer point of view too this would bring about an improvement in the service levels of these companies as there would be more pressure on these companies to perform better and get profits. A visible effect is the change in attitudes of many PSU companies pre and post privatization. Housewives could find competitive… Read More »
For the actual event we need to wait till the first week of July 09 and the wishes are innumerable for a few columns of print, though we have attempted to present a handful in one of the earlier posts. In this post we take a look at what the industry and experts have to… Read More »
The common man and woman have many expectations from the finance minister every time the budget comes up and hence we dutifully put forth our expectations and hope Mr. Finance Minister acts like a good Santa and makes us happy.
Often people opt for loans due to its ready availability without giving thought to their other financial commitments. Also, they fail to account for an emergency fund and a savings plan. This could fall into perspective once a summary of a person’s credit repayment is available in a single log.