. The new draft of the Real Estate Regulation and Development Bill, released by the ministry of housing and urban poverty alleviation, is finally out. The bill brings with it harsh punishments for builders who take investors for a ride – this has already resulted in the builder community crying foul at the move. TheRead More
PPF and NSC Interest Rates
Both the Public Provident Fund (PPF) and National Savings Certificate (NSC) are up for some change now. After months of delay, the government has announced higher interest rates for PPF and NSC. With this move, small saving schemes can now offer some competition to other investment avenues in the fixed income category like fixed depositsRead More
Why Not to Buy Life Insurance !
“To save tax.” These three words sum up the reasons why Rajiv Kashyap pays a premium of Rs 1 lakh for the seven life insurance policies he has picked up in the past nine years. They are all random picks across the many types of life insurance policies : two money-back plans, two endowment policiesRead More
Helping Your Parents in Their Retirement
Old age is a time when most people should sit back and enjoy life. After having slogged for 60+ years, its time one takes it easy from the humdrum of the day job and spends his/her time with hobbies. However, retirement can be cherishable depending on how one’s health is; how one’s financial planning isRead More
Lessons to be learned from the Lavasa debacle !
.The Lavasa news that the Maharashtra government is going to take legal action against the one of it’s kind hill station on the outskirts of Pune has few of my friends having sleepless nights. Their financial planning has gone awry big time and their investment in real estate now stands as good as the junkRead More
Deregulation of Interest Rates on Deposits
As soon as the deregulation of interest rates on deposits was announced by the Reserve Bank Of India (RBI), I thought that it would take sometime before the banks warmed up to the idea. But I stand corrected as three banks have already started the interest war on your deposit accounts. And more will follow.Read More