RBI ने महंगाई बढ़ने की दी वॉर्निंग, रेट नहीं बदला
मुंबई रिजर्व बैंक ऑफ इंडिया (आरबीआई) ने बुधवार को ब्याज दरों में बदलाव नहीं किया, जिसकी पहले से ही उम्मीद थी। हालांकि, उसने महंगाई दर बढ़ने, सरकार के वित्तीय अनुशासन से डिगने और हालिया बिकवाली के बाद ग्लोबल फाइनेंशियल मार्केट्स में उतार-चढ़ाव को लेकर आगाह किया है। इससे संकेत मिलता है कि वह ग्रोथ बढ़ाने के लिए बहुत कुछ नहीं कर पाएगा। रिजर्व बैंक ने इकनॉमिक रिकवरी तेज होने और लोन ग्रोथ बढ़ने का भी जिक्र किया है। आरबीआई के गवर्नर उर्जित पटेल ने यह भी कहा कि कैपिटल पर कई टैक्स की वजह से इनवेस्टमेंट कमजोर बना हुआ है। उनके इस बयान को बजट में लगाए गए लॉन्ग टर्म कैपिटल गेंस टैक्स से जोड़कर देखा जा रहा है। वैसे इनवेस्टमेंट में भी हाल में बढ़ोतरी के संकेत दिखे हैं। उन्होंने रिपोर्टर्स को बताया, 'भारत में कैपिटल पर कई जरियों से टैक्स लग रहा है। यहां कॉरपोरेट टैक्स है। डिविडेंड डिस्ट्रीब्यूशन टैक्स लगता है। 10 लाख रुपये से अधिक की डिविडेंड इनकम पर आपको मार्जिनल टैक्स रेट से कर का भुगतान करना पड़ता है। इनके अलावा सिक्योरिटी ट्रांजैक्शन टैक्स और कैपिटल गेंस टैक्स भी हैं। इस तरह से कैपिटल पर पांच टैक्स लगाए जा रहे हैं, जिसका निवेश और बचत के फैसलों पर असर पड़ रहा है।' रिजर्व बैंक की मॉनेटरी पॉलिसी के बाद बॉन्ड प्राइसेज में बढ़ोतरी हुई। मॉनेटरी पॉलिसी स्टेटमेंट में रिजर्व बैंक का लहजा उतना सख्त नहीं है, जिसकी अटकलें लगाई जा रही थी। आरबीआई गवर्नर ने इन्फ्लेशन को लेकर आगाह किया है। जानकारों का कहना है कि यह बात मार्केट को शांत करने के लिए कही गई है। रिजर्व बैंक ने जनवरी-मार्च 2018 तिमाही के लिए महंगाई दर के अनुमान में बढ़ोतरी की है। मॉनेटरी पॉलिसी कमेटी (एमपीसी) ने कहा कि महंगाई दर पर कई चीजों का असर पड़ रहा है। उसने कहा कि कई राज्यों में हाउस रेंट अलाउंस बढ़ा है। ग्लोबल ग्रोथ तेज हो रही है। इससे क्रूड ऑयल के दाम में तेजी आई है। अन्य कमोडिटी के दाम भी बढ़ रहे हैं। एमपीसी ने कहा कि सरकार ने खरीफ फसलों की कीमत बढ़ाने की बात भी कही है। कुछ प्रॉडक्ट्स पर कस्टम ड्यूटी बढ़ाई गई है। वित्तीय घाटा भी अनुमान से अधिक रहा है। एमपीसी ने दुनिया भर में कम ब्याज दरों के दौर के खत्म होने की तरफ भी संकेत दिया है। आरबीआई ने कहा कि इन सबके बीच महंगाई दर को लेकर आने वाले महीनों में चौकन्ना रहने की जरूरत है। रिजर्व बैंक ने जनवरी-मार्च तिमाही में महंगाई दर का अनुमान बढ़ाकर 5.1 पर्सेंट कर दिया है। पहले इसके लिए 4.2-4.6 पर्सेंट का अनुमान उसने दिया था। आरबीआई ने कहा है कि रिटेल फूड प्राइसेज में बढ़ोतरी की वजह से उसने यह कदम उठाया है। अगस्त पॉलिसी में उसने 4-4.5 पर्सेंट की महंगाई दर का अनुमान दिया था। एमपीसी को कंज्यूमर इन्फ्लेशन को 4 पर्सेंट तक रखने की जिम्मेदारी सौंपी गई है। इसमें 2 पर्सेंट ऊपर या नीचे की गुंजाइश भी छोड़ी गई है। पटेल ने कहा, 'पिछले 6 हफ्तों में अमेरिका में 10 साल के बॉन्ड की यील्ड में 0.40-0.50 पर्सेंट की बढ़ोतरी हुई है। यह अच्छी-खासी तेजी है।' उन्होंने कहा कि पिछले 6 महीनों में भारत में महंगाई दर बढ़ी है। इसकी एक वजह क्रूड ऑयल के दाम में बढ़ोतरी है। इकनॉमिक ग्रोथ तेज होने के साथ फाइनेंशियल कैपिटल की मांग के लिए होड़ शुरू हो गई है। इससे हर तरह के रिटर्न पर दबाव बनेगा। आरबीआई ने रेपो रेट को 6 पर्सेंट और रिवर्स रेपो रेट को 5.75 पर्सेंट पर बरकरार रखा है। रेपो रेट पर वह बैंकों को उधार देता है। वहीं, बैंक उसके पास जो रकम जमा कराते हैं, उस पर वह रिवर्स रेपो रेट के बराबर ब्याज देता है। बाकी रेट्स में बदलाव नहीं किया गया है। 6 सदस्यों वाली एमपीसी ने ब्याज दरों को 5-1 से बरकरार रखने का फैसला किया। आरबीआई के डिप्टी गवर्नर माइकल पात्रा चाहते थे कि रेट में 0.25 पर्सेंट की बढ़ोतरी की जाए। मॉनेटरी पॉलिसी पर एचडीएफसी बैंक के इकनॉमिस्ट अभीक बरुआ ने कहा, 'पॉलिसी के जितना सख्त होने की उम्मीद की जा रही थी, यह उतनी सख्त नहीं है। महंगाई दर आरबीआई के लक्ष्य को पार कर गई है। वित्तीय घाटा भी टारगेट से ऊपर है। ऑयल और फूड प्राइसेज को लेकर अनिश्चितता बढ़ी है।' उन्होंने कहा कि ना सिर्फ रिजर्व बैंक ने न्यूट्रल रुख बनाए रखा बल्कि उसने रेट में बढ़ोतरी का भी संकेत नहीं दिया। बरुआ ने कहा कि आरबीआई के गवर्नर ने फाइनेंशियल स्टेबिलिटी की चर्चा नहीं की, जबकि ग्लोबल फाइनेंशियल मार्केट में खलबली मची है। यह काम इतनी सावधानी से किया गया ताकि डोमेस्टिक मार्केट में घबराहट का एक और दौर ना शुरू हो।
Feb 15, 2018 - Brandwire
YES BANK's 1st USD Bond of $600 Mn Raised from International Markets
YES BANK Raises 600 MN USD, becomes 1st Bank in India to Issue Largest Debut International Bond; ~1.8x oversubscription Remarkable Business Growth with a Consistently Successful Fund Raising Streak in Markets Globally India's fourth largest private sector bank, YES BANK has successfully completed issuance of its first USD 600 million (more than Rs. 3,847 crore) bond issue in the international debt markets. The Bond issuance is for a tenor of 5 years and is rated Baa3 by Moody's Investors Service and is listed on the London Stock Exchange International Securities Market (LSE ISM), the Singapore Exchange Securities Trading (SGX), and the India International Exchange IFSC at GIFT City, Gandhinagar. This is the largest debut International bond issuance by an Indian bank with a lowest spread over Treasury for a debut fixed rate, issued as a part of the Bank's USD 1 BN Medium Term Note (MTN) programme. The issue was also oversubscribed by >1.83x from over 90 accounts. According to a Press Release issued by the company, YES BANK is the first bank out of GIFT City, Gandhinagar to launch MTN issuance, and continues to be the largest amongst the operational International Business Units (IBUs) with Balance Sheet size crossing USD 2 Billion. Commenting on the development Mr. Rana Kapoor, MD & CEO, YES BANK, said, "This landmark issue is the first foreign currency bond offering by YES BANK under our newly established MTN program, and the significant over-subscription as well as high quality investor base is testament to the commitment reposed by global investors in the Bank. As the 1st Bank to have begun operations at GIFT, we remain committed to expanding our operations at the IBU, Gandhinagar." In its successful fund raising streak, YES BANK has previously raised a total of INR 37.5 Bn of Infrastructure bonds of which INR 3,300 Mn (USD 50 Mn) was raised through issue of Green Infrastructure Bond to FMO. In FY17, YES BANK was one of the best performing banks in India across key parameters of growth, profitability and asset quality owing to a differentiated strategy. Bank's Advances grew by 34.7% to INR 1,323 Bn compared to industry growth rate of 5.4%, Total Assets grew by 34.7% to INR 2,151 Bn and Net profit grew by 31.1% to INR 33.3 Bn. Further, YES BANK emerged as the fourth most profitable bank in India, as per H1FY18 net profit of INR 19.7 Bn. As on March 31, 2017, YES BANK's Total Capital Adequacy Ratio stood healthy at 17% with Tier I Capital at 13.3%, ensuring that the Bank is well positioned to capitalize on growth. As evidenced, YES BANK has been one of the strongest banks in India to have successfully demonstrated ability and consistency in raising capital across cycles. Through the equity route too, the Bank has raised a total of more than INR 200 Bn. The Bank has raised a total of INR 78.5 Bn (USD 1.2 Bn) in QIPs since 2014 Recently raised INR 40 Bn (USD 612 Mn) through private placement of Basel III Tier II bonds INR 84.15 Bn was in total raised under Basel III Compliant Additional Tier-1 ('AT1') Bonds
Feb 8, 2018 - YES Bank
Fitch Learning and Times Professional Learning Announce Partnership
London/Mumbai - October 03, 2017 Fitch Learning and Times Professional Learning, a division of Bennett, Coleman & Co. Ltd, are pleased to announce their strategic partnership to provide leading financial education programmes and training across India. Under the new RBI policy of higher standards and capacity building for financial professionals, the Indian Bank's Association (IBA) has selected Fitch Learning to provide training programmes and enhance the skill level across the financial services sector. As part of this, Fitch Learning has developed programmes which are aimed at specific banking institutes and would comply with the specifications for certification mandates laid down by the RBI. These programmes aim at training and certifying bank officers who man key responsibilities in four areas: Credit Management, Risk Management, Accounting and Treasury Operations. The other mode of delivery of Fitch Learning's product offering is the open course where mid to senior level executives from BFSI segment can enrol and attend these higher level programmes. The course will make its debut in the financial hub of India, Mumbai in November 2017 starting with Financial and Credit Risk programmes including 'Warning Signals and Lessons Learned in Corporate Credit'. Fitch Learning has partnered with Times Professional Learning to promote Fitch Learning products, digital learning solutions and industry leading qualifications through its full suite of media distribution channels to those working within India's financial services industry. "India is a key growth market for Fitch Learning. This is an important step in our strategic growth plan and we are excited to be expanding our local presence in India's rapidly evolving financial education sector with the highly respected Times Professional Learning," said Andreas Karaiskos, Chief Executive Officer of Fitch Learning. Emphasising the importance of up-skilling in this sector, Anish Srikrishna President, Times Professional Learning stated, "The complexity of the banking business has grown exponentially. We are therefore pleased to be the Partner of Fitch Learning to bring their decades long specialisation and world class training programmes to India for the very first time." Media Relations: Rebecca O'Neill / Leslie Tan Tel: +44 203 530 1697 / +65 67 96 7234 Email: Rebecca.firstname.lastname@example.org / email@example.com Sheetal Tambe Tel: +91 7045186001 Email: firstname.lastname@example.org About Fitch Learning Fitch Learning, a preeminent training and professional development firm, offers learning solutions to the financial services industry across the globe. Focused and committed to partnering with clients to enhance knowledge, skills and conduct, Fitch Learning supports professionals through designing and delivering solutions to accelerate their performance and the organisation across their career lifecycle. Fitch Learning specializes in a number of key areas: regulatory and certification exam training, professional skills development and blended e-learning solutions. Fitch Learning is a part of Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services and BMI Research, an independent provider of country risk and industry analysis specializing in emerging and frontier markets. With dual-headquarters in London and New York, Fitch Group is majority owned by Hearst. About Times Centre for Learning Ltd Times Professional Learning is a division of Bennett, Coleman & Company Limited and is committed towards fulfilling aspirations of millions of learners through learner-centric innovations & global collaborations. As a professional skilling powerhouse for graduates and working professionals, we equip students with key skills and offer executive education in sectors such as banking, management, analytics, digital marketing, decision science and many more. We also provide solutions for corporates towards their training needs.
Oct 3, 2017 - TSW
ET Wealth Analysis: Mutual Fund Plan Changes: The right fit for you
Delhi, 05 May 2017 Recently, several mutual funds have changed their investment mandates or asset mixes. Some of these changes can be directly attributed to the rise in fund size, change in fund manager or just a change in investment styles. Others are a result of more specific attributes, like a change in the investment mandate or a change in benchmark indices. The ET Wealth edition of 8th May 2017, in its cover story, examines these changes and advises you on how to circumnavigate them to an efficient mutual fund investment strategy. In its center spread story, ET wealth explains how debt funds trump fixed deposits in terms of interest gained, and how one can mitigate taxes on interest to just 6%-7%. In its feature story ET wealth examines the perfect balance between loan EMIs, insurance premiums and rent, to make sure that that these don’t dent your budget or impact your investments. With Mother’s Day, around the corner, the edition also takes an in-depth look at the financial implications of motherhood on a woman and her family. To book your copy, sms ETWS to 58888, or speak to your vendor. ET Wealth is the first weekly personal finance newspaper of India and covers news, views and insights on a wide variety of topics relevant to the rapidly changing economic lives of the readers. For further details, contact Akshant Dhruvraj, email@example.com.
May 6, 2017 - ET Wealth
Times Points Debit Card becomes favourite by rewarding its users
Times Internet and HDFC Bank’s co-branded debit card ‘Times Points Debit Card’ that offers young customers discounts and rewards on online shopping has become a big hit amongst its young internet users, in the short duration of its launch. Times Points Debit Card users club points earned from consuming, creating and sharing digital content on Times Internet sites with the points made from online shopping. This unique card combines the expertise of HDFC Bank, one of the largest issuers of debit cards in the country, and Times Points, a digital loyalty program created by Times Internet with over 18 million users. The Times Points Debit Card is focused on providing value to young internet users between the age of 23 and 27 who look for bargains and prefer to wait till the sale season to shop online, especially on their smartphones. Most of them are at the beginning of their careers, probably in their first job where a customary salary bank account is opened. Times Points Debit Card, helps them to leverage their accounts by receiving exclusive deals and earning points for buying and surfing online. Avinash Agrawal, COO, Times Cards says, “In current times, youngsters rely on their mobile phones and the internet for all their needs. With Times Points Debit Card, they gain access to exciting offers online across lifestyle, entertainment, dining and grocery shopping. As most of our users are in their first jobs, we know they are on a tight budget, so we have specially curated offers that help them maximize the value they derive from their expenditure on shopping and other consumption.” Srikanth Siddi, Head- Debit, Prepaid and Commercial Cards, HDFC Bank Ltd says "Times Points Debit Card has been a substantial valuable addition to HDFC Bank’s growing portfolio of products that make shopping a truly rewarding experience. We are excited to offer greater value to our customers in the form of more discounts and rewards while shopping online." Times Points Debit Card is the only payment card in the country that rewards users for Internet usage as well as transactions. In addition to rewarding users on transactions performed using the Times Points Debit Card, this card enables access to an exclusive digital loyalty program that also rewards them for engaging with Times Internet network sites, including the hugely popular sites of TimesofIndia.com, Gaana.com, Cricbuzz.com, to name just a few. Times Points can be earned across numerous activities including sharing and recommending articles, actively contributing reviews, blogging and posting comments. Times Points Debit Card has a daily shopping limit of INR 2.75 lakh and an ATM withdrawal limit of INR 1 lakh. The card presently has more than 10 key welcome offers and over 400 running offers, and it continues to add more offers every month. This is the second co-branded card launched by Times Internet and HDFC Bank. Their first co-branded card was a credit card launched in 2013 to target the entertainment and leisure segment, which is one of the largest co-branded credit cards in the country.
Mar 23, 2017 - Times Points Debit Card
When it comes to loyalty programs, consumers are always open to new transactional experiences. Whether these transactional experiences be discounts on flights, electronic purchases online or even a table booking for two. There's a boom in loyalty programs due to the digital nature of transaction-led experiences, and JetPrivilege is one such loyalty and rewards program, which offers long-term benefits to its members. JetPrivilege offers luxury and lifestyle options to its members, and these travel and lifestyle requirements are complimented with exclusive, personalized professional services - thanks to the open network of program partners associated with JetPrivilege. When it comes to consumer-led spending, the Jet Airways / JetPrivilege co-brand credit cards offer an array of advantages, basis the different variants. Each and every JetPrivilege member can gain from everyday spending, as members earn JPMiles (the JetPrivilege reward currency) upon transactions. With these JPMiles, members can book Award Flight tickets (free flight tickets) to more than 1000 travel destinations across the globe with over 20 airline partners. Members can also earn with over 120 non-air program partners, such as hotels, dining, retail partners and more, making their everyday, a little more exciting. With JetPrivilege, choosing a co-brand credit card is easy and quick. Simply visit cards.jetprivilege.com, and mention your monthly spends - basis this, JetPrivilege will recommend the perfect card that best suits your travel and lifestyle needs, and you can calculate the number of free flights you can get for each card too. Not only does the JetPrivilege cards platform simplify the application process of a suitable co-brand card with Comparison, Recommendation and Free Flight Calculator features, the eligibility for co-brand credit cards are also met with the utmost speed, ensuring Instant Decision for some cards. When comparing as to which co-brand credit card best suits your needs, it's important to know the instant benefits you can reap. The Comparison Tool on cards.jetprivilege.com assures a smooth process, which aids the consumer to choose the ideal co-brand card, basis the travel and lifestyle benefits. When comparing co-brand credit cards, it goes without saying that the consumer would want information on complimentary flight tickets, discount vouchers and Bonus JPMiles upon joining, along with other lifestyle benefits such as free movie tickets, access to golf clubs, etc. - all this information is readily available for all new potential JetPrivilege members, simplifying decision-making in the process. "At JetPrivilege, our product and services are curated based on demand, trends and transactions keeping our consumer needs and desires in mind. Cards.jetprivilege.com is one such platform where we give our customers the opportunity to explore, compare, get recommendations and instantly apply for a card of their choice" states Manish Dureja, Managing Director, JetPrivilege. Indulge in a new, more rewarding experience today by joining the JetPrivilege program - apply for a co-brand credit card, avail benefits such as Joining Bonuses and find all the latest offers on cards.jetpriviledge.com. New cardholders are rewarded with 10,000 Bonus JPMiles as a Joining Bonus on applying for the Jet Airways American Express Platinum Credit Card or the Jet Airways ICICI Bank Sapphiro AMEX Credit Card, while the JetPrivilege HDFC Bank Diners Club Credit Card offers you 30,000 Bonus JPMiles. The Jet Airways IndusInd Bank Voyage AMEX Credit Card currently offers the advantage of zero joining fees as well as 1,500 Bonus JPMiles for applying through cards.jetprivilege.com online. It just takes one step to start your journey to luxury - visit cards.jetprivilege.com and apply for a co-brand credit card now.
Jan 26, 2018 - Jet Privilege Pvt Ltd
Parents prepare in advance for their children's college education
When it comes to saving and funding their children's education, Asian Indians are among the best prepared, according to MassMutual's College Planning & Saving Study. Almost half (49 percent) of Indian parents started saving for college before their children turned five, the earliest compared to all other multicultural groups in the survey. In fact, by the time a child is ten, 79% percent of Indian parents are saving for college, and one in five has saved $50,000 or more. Culturally, Indians place a great deal of emphasis on higher education, which they consider fundamental to character development, as well as the gateway to a financially secure future. Moreover, most Indian parents believe their children's focus in college should be on getting good grades, and not on figuring out how to pay for it. "Asian Indian parents consider it a duty to finance their children's education," said Evan Taylor, director of multicultural markets with MassMutual. Asian Indians who participated in the survey emerged as less likely to rely on loans and government scholarships, preferring to pay for it themselves. Two-thirds are planning to pay for more than half of the expenses. Yet, only half of the parents surveyed are confident they will be able to afford it when the time comes. Their concern may be justified: A family with a 5-year old child entering kindergarten today can expect to pay an estimated $368,739 for private 4-year college tuition in 2030, according to the MassMutual college savings calculator. While Asian Indians generally diversify financial planning with stocks, bonds and buying gold, saving early to fund their children's college is a sensible choice. Parents in the study who started saving at birth or before their child's first birthday had saved an average of about 40 percent more than those who began saving after their child turned 10. However, more immediate financial priorities like childcare costs can overwhelm new parents who might find it difficult to save for future needs. The age of five is a crucial tipping point for savings. That's when many parents can stop paying for childcare expenses and save those funds for college instead without disturbing their current spending habits. Even saving a portion of the childcare expenses can add up over 12 years; for example, saving $200 a week can total over $130,000 (with a conservative interest rate). "Asian Indian parents are extremely savvy about saving for their children's education. Starting early will help make it less stressful when their children are ready for college," said Taylor. "We understand their commitment to delivering the best possible future to their kids and can help parents with financial options to make their planning easier." MassMutual offers five practical tips for Asian Indians to better plan and help pay for college: 1. Start early. Start saving what you can at birth, and for parents with child care expenses, increase the savings rate at age 5 by putting child care money towards saving for college. 2. Make it automatic. Set up automatic checking account or payroll deductions to an interest-earning savings account earmarked for higher education. 3. Encourage monetary gifts (including 529 plan gift cards) from family members and friends for college savings at Diwali and other gift-giving events. 4. Know how much you need to save. Estimate college costs by using free online tools such as MassMutual's college savings calculator. 5. Protect your loved ones for unexpected events. Life and disability income insurance are solid considerations for parents. To learn more about establishing financial goals for your child's education, visit www.massmutual.com and the MassMutual College Planning and Savings study page. Methodology MassMutual's College Planning and Saving Study was conducted for MassMutual by New American Dimensions, LLC in December 2016 to examine the attitudes and needs of families related to education planning and funding. Qualitatively, twenty-two mini focus groups were conducted with five ethnic groups (Hispanic/Latino, African American/Black, Chinese American, Korean American, and Asian-Indian American) in English and in-language. Quantitatively, a 20-minute online questionnaire, conducted in English, comprised 1,750 interviews; within the total number of surveys, 150 completes were obtained for each of the 5 ethnic groups. Both qualitative and quantitative research was conducted with men and women age 30 to 64 with children age 5 to 15 for whom they are financially responsible. Respondents also met a minimum household income requirement ($50,000+) and participate in financial decision-making for their household. Results for the total were weighted to the 2010 U.S. Census distributions for ethnicity to be representative of American families in this age and income bracket.
Oct 16, 2017 - MassMutual
Eight Reasons That Stop People Investing in Mutual Funds
New Delhi, 22 September 2017: With the coming of the millennial generation and the want for more fast paced growth, mutual funds are starting to become the investment instrument of choice. They provide far more flexibility and benefit as compared to their more conventional counterparts like PPFs. But even though mutual funds have become very popular among investors, people are still faced with dilemmas. In its 25 September 2017 issue, ET Wealth solves 8 of the biggest dilemmas that investors face while picking mutual funds. The edition conversely also conducts an analysis on the potential cut in PPF rates due to low bond yields. This is followed by an interesting debate on whether agricultural income should be taxed. ET Wealth presents both sides of this debate against the backdrop of farmer loan waivers and defaults. To book your copy, sms ETWS to 58888, or speak to your vendor. ET Wealth is the first weekly personal finance newspaper of India and covers news, views and insights on a wide variety of topics relevant to the rapidly changing economic lives of the readers. For further details, contact Akshant Dhruvraj, firstname.lastname@example.org.
Sep 24, 2017 - ET Wealth
The Ten Commandments of Tax Filing
Delhi, 26 June 2017 As tax filing season is around the corner, the 26 June 2017 edition of ET Wealth lists out 10 critical tenets that should not be overlooked, when filing taxes. It also addresses the many misconceptions that taxpayers have about tax filing and reports on some of the recent changes in tax filing norms. What’s more, it summarises all of this into 10 commandments that tells you where you could go wrong and warns you of the consequences. This edition of ET Wealth, also analyses different ratios to assess insurance policies and lists 6 main ratios that one must keep in mind while shopping for insurance. Addressing the criticality of global diversification today, in its featured stories, this ET Wealth edition, informs on how to invest in foreign markets so as to hedge against domestic risk and open up your portfolio to international exposure. To book your copy, sms ETWS to 58888, or speak to your vendor. ET Wealth is the first weekly personal finance newspaper of India and covers news, views and insights on a wide variety of topics relevant to the rapidly changing economic lives of the readers. For further details, contact Akshant Dhruvraj, email@example.com.
Jun 23, 2017 - ET Wealth
90% Indians are going to retire poor! How do you retire like a King?
Firstly, we all stash our money into savings account which gives us an effective interest of 3%. Inflation being at 8% means our saving account is “de-growing” our money! To maintain the same lifestyle, need our savings to grow atleast at a steady 8-10% but who wants just to “maintain” lifestyle? We all wish to improve our lifestyles - travel the world, eat good food, and experience luxury. To do that we need our money to grow at least thrice of what it is now, that’s about 24% annually. Obviously, salary increments will take care of it to an extent but you will still require another 10-12% as an add on. Now that we all know the mistakes we are making, here are some tips on organizing your finances early in your life to retire like a king! a. First take control of your finances, get a single window view of your money and where it is going. You can't make your finances better if you are not aware of them. b. While you should not compromise on the awesome things in life, but be conscious around overspending. A lot of stuff we buy, we don’t need. Do you need that cool T-shirt that you saw on your FB feed? This realization can only come in once you have a single window view of your money. c. Never miss a bill which has late payment fee like your mobile, electricity, etc. Especially never miss a credit card bill payment. How do you think all the credit card companies make so much money? Its’ with the late fees and interest charges! d. Most importantly – Invest wisely, put a part of your savings (about 15-25%) in mutual funds. That is what the smartest youngsters are doing. Do you know smart retail consumers like you are investing over Rs. 10,000cr every month in mutual funds? And mutual funds have given returns of more than 25% annually. Well all this sounds like a lot to do, doesn’t it? Right from tracking where you spend, to bill payments, to investing in mutual funds … seems like a whole lot of excel sheets and numbers. Don’t you wish for a personal assistant who does it all for you? ETMoney App is just what you need! It is a complete personal finance app that manages and reminds you about your finance matters: 1) ETMoney tracks your expenses and investments automatically without any manual input! 2) It sends you bill payment reminders to help you avoid the late fee 3) It gives you daily alerts on how your investment portfolio performing. 4) ETMoney also offers unique paperless mutual fund investments. It becomes your personal investment manager showing you the performances of India’s leading Mutual Funds across all categories, letting you pick and choose the best. 5) The app also offers paperless KYC processing. Getting KYC done is as simple as uploading a couple of selfies! 6) ETMoney also provides paperless insurance like term life insurance, auto insurance etc. 7) Download the ETMoney App and don’t just manage but GROW your own finances!
May 18, 2017 - ETMoney
Policybazaar.com makes motor renewal a matter of few hours
New Delhi, July 31: If your motor insurance policy has lapsed, and you don't have time and energy to chase the insurer to get it revived, you don't have to fret any longer. Policybazaar.com, India's largest insurance website and comparison portal has launched the self-inspection video service which makes renewal of lapsed motor insurance a matter of few hours. The new feature allows consumers to overcome the hassle of physical inspection for lapsed motor insurance and makes renewal easier than ever. The feature is now available on PolicyBazaar website, www.policybazaar.com, and its mobile app. In India, for every 100 renewals, there are roughly about 30 of those for lapsed policies, and these require physical inspection of the vehicle and documentation, which takes anywhere between 2 to 5 working days. For those who live in rural or semi urban areas, or on the outskirts of a big city, the problem becomes even more serious because the inspection agents don't turn up even after fixing date and time, and customers keep waiting endlessly. Keeping in mind the larger cost and time effort involved in physical inspection and providing a one-stop service for different insurers, Policybazaar.com launched the self- inspect video feature on its app, which makes inspection and the related documentation a matter of few hours, and helps the lapsed policy renewed faster than ever. Insurers such as Kotak Mahindra General Insurance, Liberty Videocon General Insurance, Bharti Axa General Insurance and TATA AIG General Insurance have already joined hands with Policybazaar to underwrite lapsed motor insurance through this feature, subject to the video quality being up to their guidelines. Eight more insurers are expected to be on board soon. According to Policybazaar.com CEO Yashish Dahiya, "At Policybazaar, our customers come first, and we keep striving to make insurance buying process hassle-free. The launch of the self-inspect feature is one such step which helps both consumers as well as insurers." The Policybazaar App can be downloaded from Google Play store for android users. The App, which will also be available on iOS soon, functions well on any android phone operating on an OS version of 5.0 and having 4 MP or above camera. The self-inspection feature has a demo video to guide on how to shoot inspection video and upload the same, besides guidelines laid down by insurers that one needs to keep in mind before undertaking the self-inspection. "The self-inspect feature has been designed for the tech-savvy India where a majority of people use smart phones. The self-inspection requires a 360 degree video of the vehicle to be insured without any pause, a process that eliminates chances of any fraud. Through this feature, Policybazaar aims to save time and money of those who want their vehicles' insurance renewed without much difficulty," said Head of Motor Insurance, Policybazaar.com, Neeraj Gupta. To make use of the self-inspection feature, please keep in mind the following guidelines: The video should be taken in day light, and those done in a basement or under shade (for example, under a tree) are not valid. 360 degree view of the vehicle has to be captured in a single video clip without any pause and the vehicle shouldn't go out of the focus while the video is being shot. The video should include, either at the start or at the end, a copy of the car's RC (registration certificate) which is mandatory, and a copy of previous year's policy copy (if applicable).
Jul 31, 2017 - Policybazaar.com
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