Money Today readers share their feedback on the magazine's coverage of the personal finance sector -
While the cover package on starting your own business (Going Solo, May 2013) provides a sort of checklist for setting up a company, I think anyone who intends to run a business in India will have to hire a consultant to help tackle the red-tape that the country is known for. It's not for nothing that India ranks 132 among 185 countries in ease of setting up and doing business. This is India's reputation built over 65 years.
- RAMESH, Mumbai (via moneytoday.in)
Information on starting a company (Going Solo, May 2013) in a nutshell for those looking to set up a business or LLP (Limited Liability Partnership), me among them, is very useful. Thank you for providing the procedures involved in floating a business.
- MINHAZ UDDIN, email
Though social media has become a great platform for consumers the world over, (Seeking Relief Online, May 2013), it is still in a nascent stage here in India. Even many large corporate firms are not present on social networks such as Facebook or Twitter, or have forums with dated pages with no one checking or responding to posts. Of course, some companies even manage to have offending posts removed.
- RAMESH, Mumbai
You raise some good points here (Getting Back to Work, May 2013). I may be a little off-topic, but my elder brother has been laid off now for around 18 months from the automotive industry and, despite having an impressive resume, is finding it ever more difficult to find suitable employment. His perseverance is commendable and he is not wavering in his search for employment, even being willing to compromise as you say. He is 54. Any suggestions would be appreciated because I'm sure he's not the only man in this position.
- RICHARD ANDERSON, Poole (UK)
Falling penetration of life insurance in India, is mainly due to linking insurance with investments in Ulip plans with the promise of enormous returns (Shrinking Cover, April 2013). Brokers push unqualified people to sell without knowing the product.
- DEEPAK KUMAR, New Delhi
Mis-selling by private players combined with the laid-back attitude of nationalised insurance companies have taken away the trust factor of insurance plans (Shrinking Cover, April 2013). If the people involved in selling insurance do not change their attitude, this might be the beginning of a crisis in the country.
- ROHAN BHATT, Surat
Bahadurgarh (Haryana) might also be a good option near a city (A Home Not Far Away, April 2013). It is close to Delhi and is part of the National Capital Region. The metro project (connecting it with Delhi) for the area has already been approved. In fact, housing projects by Omaxe, KLJ and Umang are already there.
- SK PARASHAR, Bengaluru