Sometime ago markets were falling and people were talking about selling everything and doom. Now once again markets are rising and the same people who told you to sell everything a few […]
Get Rich :.: Do Nothing
Can interest deduction be claimed even if possession of house is not taken?
No, its not possible to claim interest , but principal amount upto Rs 1,00,000 can be claimed as deduction u/s 80C of the I T Act. Pre-EMI Interest The bank may disburse […]
What is the difference between nomination and assignment?
Nomination is an authorization to receive the claim arising out of policy in the event of the death of the life assured, it does not give the nominee an absolute right over […]
Investment Tips for Young Professionals
Lean How to handle money Young age is good for investment. Because you have a long future to fulfill your financial goals. Most of the investors are investing for their retirement, Marriage […]
High returns + Assured returns–Buyer Beware!!
In the movie “Phir Hera Pheri”, the film’s hero Akshay Kumar meets Bipasha Basu, who promises to double his money in 14 days. It is indeed a mouth-watering proposition if it were […]
ICICI Bank, HDFC withdraw teaser home loan scheme
Private sector lenders ICICI Bank and HDFC Ltd today discontinued with teaser home loans — under which customers get credit at concessional rates for the first few years — in a move […]
LIC settles claims worth of Rs 53,954 crores
Life Insurance Corporation of India (LIC) has settled over 2.11 lakh claims during the 2009-10 fiscal amounting over Rs 53,954 crore. LIC chairman T.S. Vijayan said at least 97.47% total maturity claims […]
Keep Jumping
Someone asked rich investment banker Rothschild, " How did you become so rich?" He answered," I always waited for my opportunity and when it came jumped on it." The man said," I […]
Who would you like to be – The Ant or the Grasshopper!
Remember the story of the ant and the grasshopper ? In that story, the grasshopper loved to sing and dance in the lovely weather during spring, whereas the ants were working hard […]
LIC, others get nod for tax-free infra bonds
The government allowed Life Insurance Corporation of India (LIC) and a few other finance companies to issue tax-free infrastructure bonds. An investment up to Rs 20,000 in these bonds will qualify for […]
