Page 637 - Personal Finance

Case study

Bank liable for negligence in cheating case

Big impact of small tax hikes

With returns on investments falling due to cuts in small savings and bank deposit rates, higher cess and service tax will only hurt consumers further

Dangers of rise in crude oil prices

The government has to take a call on reducing or retaining the excise rate. The latter will be politically difficult

Have enough riders to counter monsoon damage

These covers aren't very expensive and there is no waiting period, but keep in mind conditions like the number of claims allowed in a year

Bringing errant doctors to book

Keep a record of all documents or else proving medical negligence and claiming damages will be a big challenge

Jayanagar, Bengaluru: Appreciation in both property rates and rental yields

Readers' Corner: Life Insurance

PFRDA lists norms to protect pensioners' NAV from market turmoil

In a circular PFRDA, also said the interest accrued will be credited to the subscriber accounts on annual basis

Gold ETFs continue to see outflow in May on profit-booking

Investors pull out Rs 79 cr, taking total to Rs 148 crore in first two months of current financial year

Lending to friends and family can be risky

Verify the purpose of borrowing and make other members part of the loan, if possible. Maintain a loan agreement for tax purposes

Lloyd's to set up India reinsurance branch in 2017

John Nelson, Chairman of Lloyd's, said that they intend to begin small in India and would start off with a few syndicates and managing agents

Now, fund houses can't restrict redemptions

Experts say Sebi's new rules to make MFs safer for retail investors but many fund houses disagree

Pension product numbers dwindle at life insurers

Additional tax incentives were introduced for NPS in Budget, none were provided for pension policies from insurers

MF equity folio addition slows in April-May

First two months of FY17 add 180,000 investors on average, compared to a monthly addition of 360,000 in the previous fiscal

Assets of Nifty 50-based ETFs rise six-fold in a year

Total AUM of ETFs benchmarked to Nifty indices now account for 85% of total market share of equity ETFs

Transparency wave now covers insurance agents

Irdai guidelines mandate they must disclose details of commissions for traditional life products

Rate cuts have hurt depositors more

Experts say lending rates won't come down significantly,as banks are grappling with NPAs

SBI's new ETF is not for the risk-averse investor

Those with requisite risk appetite could bet on SBI's 10-year gilt ETF, using either the asset allocation or tactical investment approach

Inflows in equity schemes hit six month high at Rs 4,700 crore

However, massive outflows from money market schemes saw net outflows of Rs 58,185 crore