I want to give a certain sum from my retirement benefits as an
interest-free loan to my wife, who is a homemaker without any source of
income. Will the interest be
clubbed with my income, asks Romit Bhattacharya from Bangalore.
Volatile equity markets in 2011 have severely affected the long-term average returns of most equity funds, with no single category posting a double-digit growth.
Money Today Executive Editor Sarbajeet K Sen talks about the all too important need to build a retirement corpus for leading a secure life.
Money Today readers write back to Executive Editor Sarbajeet K Sen and give their feedback on the articles of the magazine.
We give carenthusiasts their due and rate cars on how well they suit a driver, classified into six price categories. Here's the final part of the series
Perspective
Sowmya Kamath
The Insurance Regulatory and Development Authority (Irda) has issued
final guidelines on health insurance portability, which will come into
force from October 1, 2011.
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Now, no penalty on pre-paying loans
Repaying your loans before the deadline will soon become a no-brainer decision as
the Reserve Bank of India has recommended removing any pre-payment
penalty on floating rate loans.
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Quotable Quotes
"Standardisation (of health insurance plans) will help policy holders
to understand the product. It will also help increase health insurance
penetration," says Irda Chairman J Hari Narayan.
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Will RBI tone down its tight monetary policy?
It is no surprise that the Reserve Bank of India increased the
repo rate, for the twelfth time in a row, by 25 basis points from
8.0% to 8.25% with immediate effect.
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Trivia and Telling Figures
Interesting facts and trivia from the world of business.
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US Indices Come to India
The National Stock Exchange has launched derivative contracts of
the world's most followed equity indices, the S&P 500 and the Dow
Jones Industrial Average on August 29.
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Realty offers better returns than gold
According to data released by the National Housing Bank, house prices in metro and non-metro cities have shown a significant rise in the April-June 2011 quarter, with Bhopal posting the highest increase, with prices of homes surging by 46.4% in the June 2011 quarter. The annualised return from gold was 48%.
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Regulator Watch
A look at recent rulings from the banking, insurance and personal finance sectors which can affect you.