What benefit would Ajay get out of reviving an old policy? For one, he would get the benefit of having to pay regular premiums calculated when he was 28 – which would be less than the premium for a similar, new policy taken at the age of 32. Secondly, he will continue to get all… Read More »
Gold ETF, also known as paper gold, is an open-ended mutual fund scheme that invests money collected from investors in standard gold bullion having 99.5% purity. Investors in Gold ETF will have their investment in the form of units of the scheme which is listed on the stock exchange. Each unit of the investors holding… Read More »
Fixing a budget will give you more clarity on which models to choose. It will also act as a locus which defines the perimeter of flexibility that you can afford in case your needs are not satisfied by a lower end model. A budget is the best way to shortlist a segment as most of… Read More »
Use the bonus points that have accumulated on buying necessities (house hold appliances, clothes, groceries etc.) rather than using it on using it on things (luxuries) that aren’t really important to you. Only if the bonus points are used practically, you are actually saving cash because had to now have the bonus points, you would… Read More »
What is a NPS? NPS is similar to Mutual funds. You keep aside some money for your retirement and this money is put into the capital market. Hence, the sum which you will get post retirement will be dependent on the performance of capital market. These are managed by fund managers.
The Reserve Bank of India (RBI) a few days ago extended the deadline to another six months (till June 30 2011) to adopt the new method for computing base rate. Base rate is not very different from the PLR. However, it will be reflective of the current rates as RBI requires that the base rate… Read More »
2010 was a defining year for the insurance industry. The ULIP controversy, SEBI versus IRDA fight, and dispute over cashless insurance scheme created enough ripples in insurance industry. Additionally IPO and merger and acquisition attracted the attention of regulators.
Today banks are keen in identifying new business niches and more customised services to handle the stiff market competitions. On the other hand inflation is continuing to haunt the policy makers. In this scenario, RBI is expected to continue putting pressures on banks to increase the interest rates further in the coming year, with the… Read More »
As on Dec 29, 2010, the Sensex ended up at 20256 and nifty ended up at 6060! Go back to Dec 29, 2009; the indices were at 17,401 and 5187 for sensex and nifty respectively. So what’s your bet for 2011? In 2009 the market was in recovery mode which consolidated in 2010 and expectedly… Read More »
The possible deductions on the employee’s gross salary after exemptions are taken into account come under Section 16 of the IT Act. These include dues paid as professional tax, deductions for investing in various tax saving investments like PPF, life insurance premium, pension schemes by life insurers, Mediclaim premium, interest on loans for education, house… Read More »