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PF funds' investment in IL&FS bonds have no government guarantee: Finance Ministry

Posted: 20 Feb 2019 12:06 AM PST

  • Thousands of crores of money of more than 15 lakh employees of both public and private sector companies have exposure to IL&FS bonds
  • Over 50 funds that manage retirement benefits of over 15 lakh employees have exposure to IL&FS

Source: LM

Focusing only on 80C products won’t sort your money life

Posted: 20 Feb 2019 12:06 AM PST

  • Slowly moving towards goal-based investing has given Sunny  Goel a better grip of his finances
  • He needed an emergency fund to keep him afloat in unforeseen circumstances

Source: LM

Top health insurance plans for you

Posted: 20 Feb 2019 12:06 AM PST

  • To give you a ready comparison of health insurance plans, we designed Mint SecureNow Mediclaim Ratings (MSMR)
  • Here, only the A-rated plans have been shown

Source: LM

Private trust can be created through trust deed or Will

Posted: 20 Feb 2019 12:06 AM PST

  • The trust deed or Will, as the case may be, should clearly specify the intention and purpose to create a trust
  •  If your property is conveyed to the trust under your Will, then as per stamp laws, no stamp duty would be payable on the transmission of the property to the trust 

Source: LM

How much tax do you pay on your bond investments?

Posted: 20 Feb 2019 12:06 AM PST

  • Among debt instruments in India, there are various types of bonds available, with different features—duration, tax benets, coupon rates, and lock-ins
  • Take a look at the applicable taxation before investing

Source: LM

Latte factor: Habitual spends may cost you

Posted: 20 Feb 2019 12:06 AM PST

  • Small habitual spending done consistently can put a large dent in your finances over the long term
  •  Latte Factor Calculator is designed to show you just how much you are spending on a small habit, and how much it adds up to over time

Source: LM

Only about 1% buy health plans from web aggregators

Posted: 20 Feb 2019 12:06 AM PST

  • More than half of the health insurance policies being bought by consumers are sold by individual agents
  • Complexity of health insurance products, consumer anxiety that in case of a claim, they could need the assistance of an agent are the reasons for this behaviour

Source: LM

6 behavioural biases that can influence your money life

Posted: 20 Feb 2019 12:06 AM PST

  • The tendency to only invest in familiar investment instruments or sticking to losses in the belief that they will get recovered can harm your financial plan
  • People know that they should start saving and investing early on in their life, but often don't because of inertia

Source: LM

Bitcoin gets a boost from JPMorgan’s embrace of cryptocurrencies

Posted: 20 Feb 2019 12:06 AM PST

  • Bitcoin is approaching $4,000 for the first time since the start of the year
  • JPMorgan has developed a prototype digital coin that it plans to use to speed up payments between corporate customers

Source: LM

Five killed in car-truck collision in Jhajjar

Posted: 20 Feb 2019 12:05 AM PST

Chandigarh: Five persons, including four of a family, were killed when their car collided with a truck near Raiya village in Haryana's Jhajjar district on Wednesday morning, police said. Among those killed were a couple and their two minor children, a Jhajjar Police official said.

All the five people were returning from Delhi to their village Kasni in Jhajjar after attending a marriage, he said. He said there were light rains in the area where the accident occurred. The truck driver fled after the accident and a case has been registered in this connection, the police officer said.



Source: FPJ

Delhi witnesses rains, more forecast for tomorrow

Posted: 20 Feb 2019 12:05 AM PST

New Delhi: National Capital and its adjoining areas such as Noida, Gurugram, Ghaziabad and Faridabad on Wednesday experienced rain and thundershower. As per the India Meteorological Department, both Safdarjung and Palam observatories recorded 2 mm of rainfall over Delhi and National Capital Region.

"These rains were the results of an active Western Disturbance over Jammu and Kashmir. This system had induced a Cyclonic Circulation over West Rajasthan and adjoining areas. A Trough from this system was also extending up till West Uttar Pradesh across Delhi," stated Skymet, a private weather forecasting agency.

Weather experts have predicted that on February 21, the rain will intensify in Delhi as Cyclonic Circulation will move towards Haryana and Punjab. "In wake of this movement, many parts of Delhi and NCR area will receive light to moderate rain and thundershower activities. These on and off rains will continue lashing the region until February 22.

There are also bright chances of a hailstorm at one or two places, but the intensity will remain on the lower side," Skymet added. Today, the minimum and maximum temperatures recorded in Delhi was 14 Degree Celsius and 24 Degree Celsius, respectively. Humidity in the region throughout the day will oscillate between 90 per cent to 98 per cent.



Source: FPJ

Bhopal: Rs 1.70 crore cash, jewellery worth 70 lakh seized in IT raid on road contractor

Posted: 20 Feb 2019 12:05 AM PST

Bhopal (Madhya Pradesh): Income tax sleuths seized over Rs one crore in cash and jewellery worth Rs 70 lakh after raiding the properties of a road contractor on Tuesday in Bhopal. The IT sleuths made the recovery after raiding four locations of road contractor Nilay Jain. The IT raid is still underway in the cityâ?Ts Arera colony area. Jainâ?Ts house and offices were raided during the operation. During the raid, Rs 1 crore cash was seized from his house whereas another Rs 70 Lakh was found in the bank locker. IT sleuths have also found jewellery worth approximately Rs 70 Lakh.
More details awaited.



Source: FPJ

Visit Odisha's Bhitarkanika National Park to witness world’s largest white crocodiles

Posted: 20 Feb 2019 12:03 AM PST

Visit Odisha's Bhitarkanika National Park to witness world's largest white crocodiles
The Bhitarkanika National Park is the core area of Bhitarkanika Wildlife Sanctuary located in the north-east region of Kendrapara district in the stat

Source: TH

Arputhammal appeals to Tamil Nadu Governor to expedite release of Rajiv Gandhi assassination case convicts

Posted: 20 Feb 2019 12:03 AM PST

Arputhammal appeals to Tamil Nadu Governor to expedite release of Rajiv Gandhi assassination case convicts
Arputhammal, mother of A.G. Perarivalan, one of the life convicts in the Rajiv Gandhi assassination case, has appealed to Governor Banwarilal Purohit

Source: TH

Sarada chit fund probe: SC judge recuses himself from hearing CBI plea

Posted: 20 Feb 2019 12:03 AM PST

Sarada chit fund probe: SC judge recuses himself from hearing CBI plea
Justice Rao said he had appeared for the State as a lawyer and therefore cannot hear the case; hearing fixed for February 27

Source: TH

Money laundering case probe: Robert Vadra appears before ED

Posted: 20 Feb 2019 12:03 AM PST

Money laundering case probe: Robert Vadra appears before ED
Robert Vadra, brother-in-law of Congress president Rahul Gandhi, on February 20 appeared before the Enforcement Directorate (ED) in a money launderin

Source: TH

Audiotape scandal: Two accused released on bail after 10 months

Posted: 20 Feb 2019 12:03 AM PST

Audiotape scandal: Two accused released on bail after 10 months
Suspended Madurai Kamaraj University Assistant Professor V. Murugan and former research scholar S. Karuppasamy were released from Madurai Central Prison

Source: TH

Ericsson dues settlement row: Supreme Court finds Anil Ambani, others guilty of contempt

Posted: 20 Feb 2019 12:03 AM PST

Ericsson dues settlement row: Supreme Court finds Anil Ambani, others guilty of contempt
The apex court last year asked the telecom company to pay ₹550 crore to the Indian arm of the Swedish firm

Source: TH

Attukal Pongala begins in Thiruvananthapuram

Posted: 20 Feb 2019 12:03 AM PST

Attukal Pongala begins in Thiruvananthapuram
The city police has put the festival zone under surveillance using CCTV cameras and drones.

Source: TH

APSRTC to offer cargo pick-up, door delivery

Posted: 20 Feb 2019 12:03 AM PST

APSRTC to offer cargo pick-up, door delivery
Services to start in Vizag, Vijayawada and Hyderabad from March 1

Source: TH

Hosur constituency officially declared vacant

Posted: 20 Feb 2019 12:03 AM PST

Hosur constituency officially declared vacant
SC rejects Balakrishna Reddy's plea

Source: TH

Strict measures sought to stop animal sacrifice

Posted: 20 Feb 2019 12:03 AM PST

Strict measures sought to stop animal sacrifice
In the wake of reports of possibility of large scale animal sacrifice during the forthcoming fairs in the districts of Gadag, Belagavi, Koppal and Chi

Source: TH

Dalit leaders demand ticket for local leaders

Posted: 20 Feb 2019 12:03 AM PST

Dalit leaders demand ticket for local leaders
Members of the Madiga Yuva Sene and leaders of other Dalit organisations held at a meeting here on Tuesday to discuss strategies to pressurise politic

Source: TH

‘Kalaburagi is fast developing into a healthcare hub’

Posted: 20 Feb 2019 12:03 AM PST

'Kalaburagi is fast developing into a healthcare hub'
Referring to expanding healthcare facilities in Kalaburagi, Superintendent of Police N. Shashikumar on Tuesday said the city will become a healthcare

Source: TH

Hubballi–Dharwad wins ‘CITIIS Challenge’

Posted: 20 Feb 2019 12:03 AM PST

Hubballi–Dharwad wins 'CITIIS Challenge'
'Green Mobility Corridor' project to get additional ₹80 crore

Source: TH

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