With the Pension Fund Regulatory and Development Authority (PFRDA) becoming operational and planning a new scheme for the public from April 2009, the stage is set for action in the pension industry. PFRDA Chairman Dhirendra Swarup tells Narayan Krishnamurthy how the new plan will work.
What is in store for investors in 2009? Money Today reached out to experts across all areas of personal finance to find out the new products and services that will be launched in the coming year.After detariff, what?Charting a brand new courseThe gain and pain of getting credit
Nowhere is the resilience of Indians more apparent than on the Sensex, which seems to shrug off the effects of terror attacks every time. While the 9/11 slide was more an after-effect of the American markets.
The Income Tax Act offers exemptions for certain categories of allowances. You can opt for some of these to minimise your tax outgo. Besides these, there are some tax-free allowances on which the employer has to pay the fringe benefit tax.
Money Today-Plexus Management evaluates the new IDFC Tax Advantage (ELSS) Fund. It is better to invest in a fund that has earned enough to reach a high NAV and thus ensures dividends for the period that you are locked in.
Depression, recession, bear market... all have translated to job scares, a slowdown in demand and panic attacks. Here is a recap of the spillover effects of the ongoing economic imbroglio in the last fortnight, across the globe.
Fast cars, powerful bikes, snazzy phones, gripping games… The new year is set to offer more than its share of goodies for gizmophiles. These are just some of the many gadgets that are likely to hit the Indian markets in 2009. We also look at the new technologies that are bound to rivet the masses.
It is clear now that the impact of global recession on India will be severe. It may not suffer as much as the developed economies like the US, Europe and Japan, but the situation here will be worse than what was anticipated a couple of months ago.
At an age when most people are planning to retire, Jagdish ‘Maruti’ Khattar has turned entrepreneur. With Carnation, a network of multi-brand auto sales and service centres, on the road, the 66-year-old is raring to go, says Rakesh Rai.
A life insurance policy covers your life, offering benefits in case of death. Riders are a good way of enhancing a policy without having to pay as much. They not only help spread the risk but can be selected to suit specific needs.
Credit is a double-edged sword—it can help you fight financial difficulties or land you in one. In a bid to expand, companies let the uninitiated rack up debt without informing them of its costs. Take this short quiz to find out how well you manage debt.
The kind of loan you have taken will decide whether you should foreclose or stick to the EMI schedule. Foreclosing a loan may not always be a simple procedure or the best option. Here are the facts you should consider before doing so.