finance
By admin at 22 September, 2009, 7:02 pm
Earn well, spend less
Spend less than your earn. Save a portion of what you earn. Boost income, rein in spending and maximize savings. Follow the rule of three and you will be set up for life.
Spend only 30 percent of what you earn
Loans should not exceed 30 percent of your income
Save and invest 30 per cent of your salary
Invest in yourself
Your greatest financial asset is you or rather your caree [...]
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By admin at 22 September, 2009, 3:23 pm
There are several health insurance or medical insurance plans in India. These can be divided into the following categories based on the coverage offered:
Comprehensive health insurance coverage: These plans provide you complete health coverage through a hospitalization cover while at the same time also creating a health fund to cover any other healthcare expenses. Click to know more about our comprehensive cove [...]
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By admin at 21 September, 2009, 3:22 pm
Retire from work. Not from life.
A retirement plan is an assurance that you will continue to earn a satisfying income and enjoy a comfortable lifestyle, even when you are no longer working. To understand why an increasing number of individuals have already started planning for their retirement, and why you should too, read on.
Independence is the new way of life: An increasing number of young Indian professi [...]
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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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