Cover Story
Teena Jain Kaushal/Money Today
Clearly, timely settlement is good for the policyholder as well as the
insurer. By walking that extra mile in understanding what it takes to
file a claim you can do your bit to speed up the claim process.
After languishing for the past few years, infrastructure funds have made
a smart comeback as stocks rallied in the hope that the new government
will encourage investment in the sector.
Tax
N Anandan and Saranya V
While preparing your returns, back-up documentation is necessary as it supports subsequent tax assessment. With e- filing of tax returns becoming mandatory, no document needs to
be filed with the authorities; however, it is
important that a salaried tax payer maintains adequate documents in
support of his tax return.
Stocks
Rahul Oberoi/Money Today
Market experts say the rally in fertiliser stocks since the start of the
financial year can be attributed to the upbeat sentiment after the
general elections and company-specific news.
Money Today experts answer your personal finance queries -
Editors Note
Sarbajeet K Sen/Money Today
In our cover story, we tell you all you need to know to ensure smooth
claims processing across life, health and general insurance claims and
also give you some valuable tips to help you remain prepared.
Commodities
Rahul Oberoi/Money Today
As a commodity investor, you can take advantage of the resulting
shortages pushing up prices. For instance, in 2002-03, when El Nino
disrupted the monsoon, castor seed production fell 34 per cent. As a result, its
price zoomed 30 per cent during the summer season.
The cover story of June 2014 issue (Mutual benefit) was informative and
gave an extremely balanced view of the mutual fund market.
This summer if you are without an AC in your car, here is how you should get one installed.
Perspective
Team Money Today
A number of large government-owned companies are likely to bring initial
public offers, or IPOs, with the Securities and Exchange Board of India
(Sebi) telling them to dilute at least 25% stake to the public.
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HC raps SBI life, tells it to refund policy holder
In a landmark judgement, the Allahabad High Court has asked SBI Life
Insurance to return Rs 50,000 to 72-year-old Virendra Pal Kapoor.
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RBI increases remittance limit to $125k
The Reserve Bank of India (RBI) has increased the remittance limit under
the Liberalised Remittance Scheme from $75,000 to $125,000.
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Sebi sets floor for NCD issue size at 75 per cent
If a public issue of debt securities such as Non Convertible Debentures
(NCDs) fails to attain 75% subscription, the money that has been
collected from the public will to be refunded within 12 days.
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How recent rulings affect your investment
All life insurers will have to tie up with all five repositories and
change at least 1,000 or 5% of existing individual policies, whichever
is less, into the demat format from July 1, 2014.