Archive for April, 2012

Get Proper Nutrition with a Balanced Diet

Tuesday, April 10th, 2012

In the latest estimates made by the World bank, India ranked second in the world with 47% of children suffering from malnutrition. Though we are quite familiar with the term nutrition, we seldom show interest to know what proper nutrition is. As proper nutrition plays a vital role in the growth and development of the […]

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Insurer Has to Compensate Third Party Claim Despite Premium Cheque Bounce

Friday, April 27th, 2012

The Supreme Court announced that an insurance company is liable to compensate third party claims even if the vehicle owner’s cheque for premium bounces. It stated that the insurance company can reject the claim only if the insurance company has cancelled the policy for such dishonour of the cheque and intimation of such cancellation reached […]

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No Claim if Insured Vehicle Not Transferred in Name of New Owner

Friday, April 27th, 2012

The UT Consumer Disputes Redressal Commission has announced that, if a vehicle is sold to another person and the registration of the vehicle is not transferred to the new owner then no insurance claim can get compensation for the damaged vehicle. Thus, if a person likes to sell vehicle, after the sale, the registration certificate […]

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Akshaya Tritiya Brings Hefty Discounts in Online Markets

Wednesday, April 25th, 2012

Akshaya Tritiya and Dhanteras are considered auspicious day in Hindu mythology to buy yellow metal – gold. People believe that buying gold on these auspicious days will bring prosperity, good luck, and wealth to them all along the life. Gold shops have stocked much for this key festival for the high demand of yellow metal […]

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ATM Fraudsters Auction ATM Card Data Internationally: SBI

Wednesday, April 25th, 2012

According to an SBI official, ATM frauds are becoming an organised crime with international linkages for acquisition of hi-tech gadgets and auction of card data. The bank official in an awareness programme on ATM frauds said that these fraudsters procure skimmers to copy ATM card data. The culprits use a pinhole camera on the skimmer […]

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RBI Policy Rates and Reserve Ratio

Monday, April 23rd, 2012

The central bank, RBI, which fixes all the policy rates for banks, has made few changes to these rates on 17th April 2012. The details of these policy rates, the new rates and the previous rates are given below. Bank Rate: Bank rate is the rate at which commercial banks borrow short-term loans from RBI. […]

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Banks Cut Lending and Deposit Rates by Reduction in Policy Rates by RBI

Saturday, April 21st, 2012

Good news for loan borrowers! A series of rate cuts are on the way as the banks start cutting their lending rates by following Reserve Bank of India (RBI) policy rate cuts. Both public and private sector banks are reducing their lending and deposit rates from Wednesday, 18th April. The RBI reduced repo rate by […]

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5 Things to Check Before Selecting a Mutual Fund Scheme

Friday, April 20th, 2012

With the emergence of different types of mutual funds, investors feel difficult to select the right mutual fund scheme, that is, the one that suits their needs best. There are many mutual fund beginners who started investing without having proper knowledge. These people consider investing just by seeing newspapers and magazine ads that present the […]

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Inflation May Remain Sticky in 2012-13: RBI

Friday, April 20th, 2012

Considering the pricing situation in the coming months, RBI said that inflation will remain sticky at current level of around 7% in 2012-13. This could be mainly due to high oil prices, increase in tax rates, wage pressure and structural hindrances to supply response. RBI reports that GDP growth is likely to moderate in 2012-13, […]

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No Pre-Payment Charges Should Be Levied by Banks: RBI

Friday, April 20th, 2012

Good news for home loan borrowers! The Reserve Bank of India (RBI) asked banks not to levy pre-payment charges on home loans taken on floating rates. Though some banks have voluntarily abolished penalties on pre-payment on their floating rate home loans, RBI announced its policy proposal in order to ensure uniformity across the banking system. […]

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RBI Cuts Repo Rates by 50 bps: First Time in Three Years

Friday, April 20th, 2012

This is indeed surprising news for banks, home loan borrowers and the auto market. The Reserve Bank of India (RBI) has cut interest rates for the first time in three years by 0.5% to provide relief to borrowers and boost economic growth. RBI reduced the short-term lending (repo) rate to 8% from 8.5% and the […]

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Quotes on Health

Friday, April 20th, 2012

“Man Because he sacrifices his health in order to make money. Then he sacrifices money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present; the result being that he does not live in the present or the future; he lives as if he is […]

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Term Insurance is Best – Online is the Most Convenient Way to Buy Term Insurance

Thursday, April 19th, 2012

How many of you have thought of buying term insurance and were told to opt for money back policies? Well, in spite of all this misguidance, some of you might have strongly decided to take term life insurance. But, how many of you are still chasing the insurance agents to fill the form, to get […]

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Are You Lazy About Your Money? – Mistakes People Make

Thursday, April 19th, 2012

It is not always that lack of knowledge is a factor for not taking care of money properly. Most people are lazy about how they handle money. We will touch upon some money mistakes people make, whether they are rich or not. Keeping large amounts in savings accounts, which earn less than 4% p.a. This […]

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What Happens if You Don’t Have a Personal Budget?

Wednesday, April 18th, 2012

Having a planned personal budget and following it daily will surely help you meet your financial needs. Personal budget is a tool that helps you have control over your money. It gives an idea of how much you can afford for your various needs. It will enable you to determine whether a certain purchase will […]

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