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It is central to our magazine’s mandate to educate our readers on values of long-term knowledge-based investing.

Print Edition: November 16, 2006

For those who believe ‘old is gold’, you have given a new adage ‘new is also gold’.The contents of MONEY TODAY are very good. The nine rules to build a stock portfolio were most informative (“The Golden Rules”, November 2). Each of the topics selected is par excellence.An investmentconscious reader does not, and should not, miss this treasure trove of information.

S.S.N. Sastry, Bangalore

We are glad you liked the cover story. It is central to our magazine’s mandate to educate our readers on values of long-term knowledge-based investing.

When I bought the first issue of MONEY TODAY, it was an impulsive decision and based on the brand value of INDIA TODAY. Though, at the time of purchase, I felt that Rs 30 was a little high, the quality of the magazine justifies it. I must say that the inaugural issue impressed me greatly. The approach is very good. You have not used your publication to showcase products. The articles are easy to understand and the presentation is pleasing. The editorial is excellent.

Rajesh Rathi, Delhi

We are happy that you found the magazine value for money. MONEY TODAY will continue to simplify complex personal finance issues through its innovative design and content.

Congratulations for initiating a new personal finance magazine. The vision to think beyond plain vanilla personal finance by including areas like entrepreneurs and careers would be a key differentiator for MONEY TODAY. The message that I get is that of spreading wealth consciousness, which is a pre-requisite to becoming a wealthy nation. And this is really welcome.

Rohit Sarin, Gurgaon

MONEY TODAY firmly believes that personal finance isn’t restricted to traditional areas of stock market, tax, etc. Career and new businesses are just two of the many new areas MONEY TODAY aims to cover.

I am a senior citizen and a keen reader of financial magazines and books. I purchased the inaugural issue of MONEY TODAY on Diwali and it made my day. I have gone through the entire issue and found it highly informative for all age groups. Most people don’t know how to calculate wealth and your calculator will help them to do so. Kindly include an article on ‘starting retirement plans early’.

N. Ahuja, Delhi

We agree with you. A clear understanding of one’s assets and liabilities is essential for an investor. We plan to cover retirement planning in a big way in our forthcoming issues.

A personal finance magazine was the only missing link from the India Today Group. With guest columns from stalwarts like Deepak Parekh, K.V. Kamath and Rakesh Jhunjhunwala, among others, you have a winner in hand. Keep up the good work. We look forward to more such issues of MONEY TODAY.

Bal Govind, Bareilly

MONEY TODAY will seek the best brains from the financial world to share their insights and wisdom with our readers.

I read the entire inaugural issue of MONEY TODAY, which was quite interesting. More research-based articles will be welcome. Articles could be for all three classes of investors —beginners, intermediate and advanced. Case studies also make good reading. Tracking of all classes of assets—whether they are on the upswing or downswing, whether they are the flavour of the month or not—could be included. This will educate readers about the potential and also the hazards of trading. A glimpse of international economy (major indicators) in every issue will present a comparative standing of the Indian economy vis-a-vis the global economy.

Pradeep Mahajan, Mumbai

We value your suggestions. We have included data on global stock market performance and the behaviour of the rupee against foreign currencies (“Your Wallet and World”) in our issues.

MONEY TODAY is a welcome addition in the magazine mart. I agree with you that the PAN allotment process is in a complete disarray (“Did not PAN Out”, November 2). The income tax exemption limit is Rs 1 lakh for all individuals and any person with an income of less than that need not file IT return. Accordingly, the requirement of a compulsory PAN for an investment of Rs 50,000 or more should be dispensed with. PAN should be required only for heavy transactions. For investments of less than Rs 1 lakh, criteria for a PAN should not be compulsory. There are a good number of PAN holders such as housewives, senior citizens, who are not required to file their income tax returns compulsorily under the IT Act as their annual income is usually less than Rs 1 lakh. So, why should they have a PAN when they are not required to file their tax returns? As such the limit for PAN must be raised from Rs 50,000 to Rs 1 lakh.

Mahesh Kapasi, on e-mail

Thanks for your suggestion. If the IT Department were to accept your suggestion life will become easier for those who have to hold PAN card even if they do not pay tax. The IT Department can then perhaps do a more efficient job of issuing PAN cards to those who really need them.

Congratulations for the wonderful issue of MONEY TODAY. After reading it, I realised that my insurance cover was inadequate (“How Much do You Need”, November 2). I am now working out my life insurance needs as per your guidelines.Thanks for providing the information.

Tapas Sen, Bhopal

You can use the net worth calculator (“Your Net Worth”, November 2) to calculate your assets and liabilities easily. This will help you in clearly spelling out your insurance needs with greater ease.

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