As per Delhi government, 6.5% houses in Delhi have high damage risk and 85.5% have moderate damage risk (going by the Vulnerability Atlas of India (1997), in the event of an earthquake of intensity 8). If an earthquake similar to one that struck Japan, struck Delhi, as per the experts the devastation will be unimaginable.
Are we personally capable to financially withstand if our property were to be hit by a Tsunami like Japan. The Recent Japanese earthquake & Tsunami loss is estimated at $309 billion. The numbers would be mind boggling if we convert to Indian currency!
A home loan transfer (also known as refinancing or balance transfer) is an option that most individuals opt for to avail the benefit from lower interest rates prevalent in the market.
In a rising interest rate scenario, times can be tough for an existing borrower who is a couple of years into his tenure. Ofcourse his monthly budget may not be affected in the short term, as often banks increase the loan tenure in most instances. However, increase in tenure would mean more interest outgo and… Read More »
Gold is considered an excellent hedge when market conditions are volatile, high credit interest rates prevail and when inflation is high. Currently all three conditions hold true, making gold a much sought after investment option. Recent spurt in gold prices has spruced up the value of the yellow metal further. Not only is it providing… Read More »
No income tax return will be accepted without the PAN and incorrect PAN can result in a fine being levied. Communication address should be correctly stated as all notices or other communication from the IT department will be sent to the provided address. Also make sure that the MICR code is correct if you want… Read More »
A long term loan like a home loan is a debt that is part of your budget every month. If you invest too much into it, there might not be adequate funds to manage a huge list of other expenses that will tend to accumulate with time. For eg. You need to make allowances for… Read More »
When you pay the premium for this plan, part of the premium amount goes towards paying for the life cover. Remaining part of the premium is invested in various instruments either debt or equities. However this portion is quite small, as the insurance companies tend to deduct premium allocation charges upfront. These charges are meant… Read More »
Passive income can help you build up wealth over a period of time. It is also a good idea to create sources of passive income that will generate regular income for you once you retire or are unable to work for a time period. For example, if you have purchased an apartment for investment purposes… Read More »
Shekar had just shifted to Pune and met his long lost friend Manish at the local café. While discussing their personal life, Shekar asked Manish about his house rent. Manish said he was paying Rs 16500/- for a two BHK flat just on the edge of the city.