Page 640 - Personal Finance

IT dept launches e-portal to fast track taxpayers grievances

'E-nivaran' will also ensure grievances related to any section or domain of tax dept is transferred quickly to concerned dept

Unions to oppose increased investment in equity

An analysis by EPFO found that it has earned a negative return of 9.54 per cent on its Rs 5,920-crore investment

Star Health launches new plan under super top-up products

Claims payable when hospitalisation costs exceed customer's 'defined limit'; Plan also pays for Air-ambulance, second opinion and 405 day-care procedures

Birla Sun Life Insurance launches SecurePlus Plan

Product helps multiply customer's money, earning 2x income on premiums, which can be used to meet several life goals

Terminally ill can't be denied insurance claim: HC

Court orders Oriental Insurance to pay family of patient who chose to stop treatment against medical advice and died

NCDs suit those in lower tax brackets

Investors in the 10% and 20% slabs can get better post-tax returns compared to a bank fixed deposit

Your Money: Should you opt for National Pension System?

If you prefer a forced-savings product, NPS is a good choice. It can become better with tax benefits

Case study

Virtual planning for real events

Apart from up to 30% discounts, online event planning websites also help you understand current trends

Realty check - Budget: Rs 2-2.5 crore

If you are looking at buying real estate, an idea about prevailing rates would come in handy

Go by performance, not only insurance premium

To minimise the chance of disappointment, look at other parameters like persistency ratio, speed of claim settlement and other crucial factors

Bank mergers: Changes that customers can expect

Loan rates will change at the next reset, while deposit rates will continue till maturity as the contract is binding on the bank

Food and fuel are major concerns

Food inflation can be managed if rains are good. But if fuel prices rise, current account deficit will be a worry

Mutual Fund: Nimesh Shah

Nimesh Shah, MD & CEO, ICICI Prudential Asset Management Company, answers your questions

PFRDA hones its media outreach strategy, to hire PR agency

Currently, 1.30 cr subscribers are registered under various schemes under NPS regulated by PFRDA

No penalty for changing income head

A recent court ruling says that penalty can't be imposed on income whose classification has been changed during the course of assessment

Will banking rally sustain?

Fresh NPA onslaught could come back to haunt banking funds; investors sitting pretty can book profits

LIC Nomura Mutual Fund is LIC MF again after Nomura quits

The two new partners in LIC MF are GIC Housing Finance and Corporation Bank, with 11.7% and 4% stake, respectively

Avail of tax amnesty scheme despite high levy

Govt will take away 45% of declared income but experts advise people to come clean

Pay your health insurance premium through EMI

However, you will lose out on discounts and have to pay a higher premium