Money Today Archive May 2014 Issue

Edition: May 2014

Cover Story

Dipak Mondal/Money Today

Global Dream

Settling abroad? How to work out your finances

If you are among the people who dream of settling abroad, it is time to start the preparations in earnest. There are some important issues such as taxation and investments that you have to address at home before you can board the flight. Here is what you must do.
  • Quest for a green card For people who have the means and the resources, EB-5 still remains the most straightforward path to a Green Card, writes YUROP SHRESTHA, Vice President, South Asia, Aginsky Consulting Group.
  • Going abroad? You can give up your health cover It is pertinent to point out that different countries have different taxation and investment rules and that the country you move to may or may not have double tax avoidance arrangements with India.
Mutual Fund
Franklin India Taxshield has a three-year annualised return of 9.39 per cent, compared with the benchmark's 4.62 per cent.
Renu Yadav/Money Today
Expert Help
The surge in e-filing has also helped the growth of a number of efiling websites because even though e-filing has seen a sharp rise, experts point out that many people remain unsure about the laws and the actual procedure.
  • Filing tax returns via apps has advantages Tax apps use the same encryption that banks use to send and receive information. They also offer frequent updates against potential threats, writes ANNIE MATTHEW, Director, Alliances and Business Development, BlackBerry India.
Rahul Oberoi/Money Today
Dream Run
Of all the companies listed on the Bombay Stock Exchange, only 13 have given positive returns in all years since 2004. However, the key question is whether these 'Fabulous 13' be able to sustain this run?
Query Corner
Your financial queries answered
Money Today experts answer your personal finance queries -
Editors Note
If you happen to get an overseas call and are willing to pack your bags, there are a few financial issues you must attend to before you board the flight, writes Money Today Executive Editor Sarbajeet K Sen.
Talk Back
Money Today readers give their feedback on the magazine's coverage -
Smart Spending
The Hot and the not so Happening
New products to help you zero in on those that could offer value for money. Featuring Sennheiser G4me One, CYGNETT iPad Air cases and more.
Team Money Today
RBI Panel for Softer Retail Loan Terms
A working group set up by the Reserve Bank of India (RBI) on pricing of credit has said that interest rates on existing floating loans need not rise or fall with every change in the base rate of banks.
  • Third-party auto cover more costly now Insurance regulator Irda has raised the premium rates by 20% for private cars and by 10% for two-wheelers.
  • Irda imposes Rs 1.77 cr penalty on Reliance Life In a 37-page order, Irda has made around 47 charges against the company. Under one of the charges it has levied a penalty of Rs 25 lakh stating that "group insurance policies death claims are settled in favour of the master policy holder as against the beneficiaries..."
  • Sebi seeks more disclosures from fund houses Sebi has asked fund houses to give area-wise break-up of the asset under management on a monthly basis instead of quarterly.
  • EPFO move for common a/c number to rescue employees The Employees' Provident Fund Organisation plans to provide a universal account number to its subscribers from October. It will help millions of subscribers deal with the problem of multiple accounts and fund transfer from one account to another during every job change.
  • Recent personal finance rulings which can affect you The EPFO is planning to make all payments to its beneficiaries through electronic mode from September; from next year, tax-payers will no longer need to send the hard copy of ITR V to the Bangalore head office after e-filling of return and more.

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