Archive for
September, 2009
By admin at 21 September, 2009, 9:33 am
The key to successful retirement planning is to start early. Some key points to take into consideration when planning for retirement:
- Inflation
- Growing medical needs
Hence, it is advisable to think about retirement in the early earning years when there is no pressure to support a growing family and you don’t have high medical expenses.
There is a “cost of delay” in terms of increase in the ini [...]
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By admin at 20 September, 2009, 10:01 pm
Banks will now on have to set aside a certain portion of their annual advances for small service providers in areas like consultancy, advertising and legal services as the Reserve Bank today brought the segment under priority sector lending. In terms of lending by banks, priority sector is one to which banks have to give loans amounting to 40 per cent of their total advances. However, there are further breakups of [...]
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By admin at 20 September, 2009, 9:59 pm
The Ministry of Heavy Industries has urged the Finance Ministry to waive the Special Excise Duty (SED) of Rs 15,000 and Rs 20,000 on 1500cc and 2000cc cars respectively, said Mr Ambuj Sharma, Joint Secretary, Ministry of Heavy Industries. The SED was levied by the Finance Ministry on fuel guzzling cars to contain carbon emissions. Inaugurating the National Summit on Public Buying organised by Assocham, Mr Sharma sa [...]
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By admin at 20 September, 2009, 9:38 am
Consumers continued to put in money in their existing unit linked insurance plans (ULIPs) expecting better returns from the stock market as the Indian economy recovers. Premium collection from renewal of ULIPs jumped 44 percent during the first three months of the current fiscal over the year-ago period even as the insurance sector has been seeing a slowdown.
The industry collected Rs 12,698 crore as renewal pre [...]
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By admin at 20 September, 2009, 9:30 am
Will my returns go up after Irda’s cap on Ulip charges comes into effect?
There are certain products, which already follow these guidelines on charges, and certain others, which do not follow them. It differs from product to product. Companies not following these guidelines for their products would have to lower the charges suitably.
The capping of Ulip charges would offer better value to customers.
The [...]
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By admin at 19 September, 2009, 9:16 am
Need for Life Insurance
Today, there is no shortage of investment options for a person to choose from. Modern day investments include gold, property, fixed income instruments, mutual funds and of course, life insurance. Given the plethora of choices, it becomes imperative to make the right choice when investing your hard-earned money. Life insurance is a unique investment that helps you to meet your dual needs - [...]
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By admin at 19 September, 2009, 8:38 am
Circular No. 898/18/09-CX., dated 15-9-2009
A case has been brought to the notice of the Board wherein a Commissioner (Appeals) had allowed the benefit of proviso to Section 11AC of the Central Excise Act, 1944 to pay penalty at the reduced rate of 25% within 30 days of the communication of the Order in Appeal. Commissioner (Appeals) has read Section 11AC and Section 35 F together to arrive at the aforesaid de [...]
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