Page 695 - Personal Finance

Declare foreign assets and income to avoid penalty

Declare shares of foreign companies, money in foreign banks, paintings or jewellery purchased abroad as foreign assets and not under Income Tax, to avoid prosecution under the proposed 'black money' l

Minimum investment for CPSE ETF to be cut as DoD plans revamp

Govt had launched ETF of scrips of 10 PSUs, under which retail investors have to invest minimum Rs 5,000 to buy units

IRDAI fines Reliance Gen for not paying directly to insured

Insurance regulator says routing payments through TPAs is in violation of health insurance norms

Use debt funds for stable income after retirement

Systematic withdrawal plans in these funds offer a tax advantage over bank fixed deposits and annuity plans of insurance firms

Taking care of medical expenses at each life stage

Cost of health care is rising at a fast clip. Without adequate insurance, one will end up eating into his corpus

MF exposure to bank stocks drops to Rs 73,000 crore in March

Decline follows all-time high exposure of Rs 77,805 crore in the preceding month

Expert panel for investment of NPS corpus into PE, VC funds

Currently, NPS funds can be invested only in Government Securities, corporate bonds and equities

Axis Bank cuts base rate by 20 bps

More state-run banks to follow suit

Home loan borrowers to gain from rate cut

Home loan borrowers can look forward to an increase in their loan eligibility and a fall in EMIs

Number of MF orders on exchanges double...

...But investors must assess online options before taking this route

EPFO updates 155 million PF accounts for 2014-15 on Apr 1

It has been found that 65.61 mn accounts are active and 80.85 mn are inoperative; As many as 8.96 mn accounts are already settled

Get higher returns from your EPF now...

Incremental gains of 15% are expected over 25-30 years but NPS scores because of higher equity allocation

MF orders via exchange platforms double to 1.9 mn in FY15

This has helped industry to increase its mutual fund assets base by 31% to Rs 12 lakh cr last fiscal

Debt Counselling: Sanjay Agarwal

Consumer court grants relief to ATM fraud victim

Case study

Realty check

budget: Rs 3-3.5 crore

Contra calls to the rescue?

You need conviction in your bets and a stop-loss as a defence mechanism to curtail losses

Gearing up for money changes in 2015-16

Higher charges for bank account-holders and increase in insurance premiums will be things to watch out for

Make the most of falling interest rates

Investors could look at debt mutual funds and company deposits that give higher returns; home loan borrowers could transfer loans