IRDA- the insurance regulator has not taken this lying down. 24 hours after the announcement by SEBI, IRDA came out with its own order stating that insurance companies shall continue to carry out insurance business as usual including offering, marketing and servicing ULIPs in accordance with the Insurance Act. IRDA believes that directive by SEBI… Read More »
Flights are available from Delhi which ranges from Rs 6500-13000. Flights from Chennai to Leh costs around Rs 9000-13500, from Mumbai to Leh costs around Rs 8500-12000, and flights from Kolkata to Leh costs around Rs 9500-11000. From Delhi, taxis are also available which cost – Indica (4 people) 12,000 and Qualis (6 people) 15,000.
Earlier, any deposit in the account between the 10th and the end of the month, would not earn the account holder any interest as it is not part of the interest rate calculation. Any withdrawal between the same period, would result in lower interest income as the lowest balance would be taken into account for… Read More »
Real estate market is seeing action once again in certain pockets. The damage done by the economic slump on princes has almost been undone in several pockets of Mumbai, Bangalore and NCR. The real estate industry is picking up, but slowly and unevenly. While NCR has seen the highest number of project bookings in the… Read More »
Now remember guarantees and stock markets don’t mix. The returns from the equity markets are not guaranteed. So in order to give you guaranteed returns these plans tend to shift their portfolio between debt and equity in such a way that that the plan’s highest NAV is locked by shifting a part of equity assets… Read More »
It is important that you read and understand the reward offers completely. Say Mr. Gupta had earned 10,000 reward points on his credit card. When he went to redeem these points he was in for a surprise – his reward points had expired in the previous month. Since he had failed to read the fine… Read More »
Now, with implementation of DTC, PPF will come under the EET (exempt, exempt, tax) regime. Under the EET model proposed by the DTC, contributions to PPF would be taxed at the time of withdrawal. However, balance accumulated or investments made till 31 March 2011 and the interest they earn will not be taxed. Hence only… Read More »
IRDA’s has taken this step to increase transparency and help consumers to have a clear understanding of the product. IRDA explains the bias towards longer tenure Insurance products by maintaining that insurance products should be long term saving vehicles and hence investor opting for it, should benefit. Also, this will encourage investors to look at… Read More »
Tax incentives are given to encourage savings/ investments. Savings form part of your overall financial plan which in effect means tax planning is a subset of financial planning. Your financial plan will set objectives for you based on your aspirations, your life style, your age group, size of family etc. The question you need to… Read More »
The timing came as a surprise to markets as it expected announcements on the rate front but only during its annual monetary policy announcement scheduled for April 20. RBI is of the opinion that monetary policy changes have a lag effect, so making announcements in a timely manner helps to avoid taking strong measures at… Read More »