In your interest.
Online Personal Finance Magazine
No beating about the bush.
Investors’ funds cannot be confiscated without attempting to find them
Ever since the Ministry of Corporate Affairs transferred nearly Rs400 crore of unclaimed dividends from companies to the Investor Education & Protection Fund (IEPF), the government as well as financial regulators have been wanting to seize other pools of unclaimed money. Under its former chairman, M Damodaran, the...
The National Consumer Disputes Redressal Commission deals a blow on behalf of consumers
As defaults mount, consumers reeling under the burden of high interest rates on credit card balances have been asking a simple question, “Is the Reserve Bank of India (RBI) required to issue any circular or guidelines prohibiting banks and finance companies from charging interest above a cut-off point?” A...
Proliferation of fake currency can affect you. Here is what you need to know
Kozhikode, Ahmedabad, Amritsar, Mumbai, Mizoram and Dubai – fake Indian currency has been found in all these places in the past few months. The existence of a fairly large fake currency racket in India is nothing new. The Naik Committee had estimated that over 61,000 million fake Indian currency notes, valued at...