DAILY NEWS: OUR PICKS


LIC’s new term plans with reduced premium LIC has introduced two term plans, ‘Anmol Jeevan-II’ and ‘Amulya Jeevan-II’. The sum assured (SA) under Anmol Jeevan-II is between Rs6 lakh and Rs24 lakh. The policy is for a term of five to 25 years with maximum cover ceasing at the age of 65...

Read More



This plan will not make super money for you Reliance Life Super Money Back plan is a traditional non-participating insurance-cum-investment plan that guarantees investment benefits upfront. It means you can calculate your exact returns as there is no dependency on non-guaranteed bonuses....

Read More



Innovative offer only for group insurance as of now ICICI Lombard General Insurance has launched an outpatient department (OPD) health insurance offering, ‘i-Health Cashless OPD’. OPD expenses are 40% of healthcare expenses in India while the remaining 60% is for hospitalisation...

Read More



Hitisha Jain 19 February 2014
That is the advice of Shubhra Bharadwaj of Ferriswheel Entertainment, which has carved a niche for herself in a highly competitive event management industry In just five years after she started Ferriswheel, a Mumbai-based event management company, Shubhra Bharadwaj has managed several...

Read More



Vishrut Patel 18 February 2014
The CLB directed Zenith Birla India to repay its fixed deposit holders with interest in eight weeks. Yash Birla Group’s financial transactions are also being probed by various investigative agencies The Company Law Board (CLB) has asked Zenith Birla (India) Ltd to pay the dues of 579...

Read More



Nidhi Bothra  and   Abhirup Ghosh 18 February 2014
RBI’s framework for revitalising distressed assets leaves everyone in stress. Banks, NBFCs, India Inc, CAs and advocates, no one is spared The slacking Indian economy is sitting with huge pile of bad loans (estimated to be about Rs2.9 lakh crore) in the Rs82 lakh crore banking system and...

Read More



Powerful businessmen can use politicians to loot the banking system. No rules for them As we go to press, member of parliament and corporate czar, Vijay Mallya, is making news for having created an IPL (Indian Premier League) record by bidding Rs14 crore for cricketer Yuvraj Singh. The...

Read More



As officials in Delhi sense that the Congress government will not return, they are taking bold potshots The Congress-led government spent almost the entire duration of Vinod Rai’s tenure as comptroller & auditor general (CAG) in a state of constant worry wondering what scam the CAG would...

Read More



Is the Banking Ombudsman a broken system of grievance redress? The latest report of the banking ombudsman’s office seems to confirm what many of us have suspected for over a year—that banking ombudsmen are closing cases and rejecting complaints every time there is even a whiff of another...

Read More



Afghanistan president Karzai has maintained close contact with India and has been working for alternative trade routes to increase bilateral business, as Pakistani attitudes can change as often as the weather The Afghanistan government is at the cross-roads and the President...

Read More



Moneylife Digital Team 17 February 2014
Moneylife Foundation, in a letter to RBI governor, has requested Dr Rajan to investigate frequent debt restructuring of Lanco group and role played by L Rajagopal, the suspended Congress MP from Vijaywada Moneylife Foundation has sent a representation to Dr Raghuram Rajan, governor of...

Read More



Killing off some zombie banks would be good for a system where banks are hoarding capital rather than lending it, but there is little political or economic incentive to do so Pity the poor regulator, in this case a banking regulator. The European Union has just appointed Danièle Nouy as...

Read More



Neither President Pranab Mukherjee, Congress chief Sonia Gandhi, Rahul Gandhi nor several ministers from UPA have enrolled for the Aadhaar scheme. Yet, the UPA government proposes to re-introduce the NIDAI Bill thus mocking parliamentary process at the fag end of the 5-year term after...

Read More



Foreigners wake up to the Indian reality of politics and economics—again Last fortnight, I had pointed out that market-players are usually weak on macroeconomics and politics, almost always taking too positive a view of the actions of politicians and bureaucrats. They trust the...

Read More



Moneylife Digital Team 14 February 2014
L Rajagopal, the chairman of Lanco group and Congress MP sprayed pepper spray while the Telangana bill was being placed in Lok Sabha. Lanco, which is in the debt restructuring process, has also been frequently involved in a number of controversies Lagadapati or L Rajagopal is in the eye...

Read More



Revival of mining activity in Goa would bring great relief to people who are suffering now and also give impetus for export   It may be recalled that the Supreme Court imposed a mining ban on both Goa and Karnataka due to illegal activities; later on, in the last quarter of 2013, the...

Read More



Moneylife Digital Team 14 February 2014
The PIO could not find the report while the appellant submitted a copy of the same. The CIC then directed the Secretary of Tourism to inquire into the matter. This is the 197th in a series of important RTI judgements given by former Central Information Commissioner Shailesh Gandhi The...

Read More



Marshall Allen (ProPublica) 14 February 2014
The National Quality Forum says it approved allowing Dr Christine Cassel collect six-figure compensation to serve on the boards of health care companies affected by the group's work   The top executive at the country’s pre-eminent health care quality organization is being paid...

Read More



Swami Vivekananda spurred the old NRIs into engaging in any kind of business like that of selling Indian goods in the United States rather than cajole the white masters to provide them with menial jobs Books Reviewed:             A Monk from Bombay - Swami Vivekananda’s historic...

Read More



Moneylife Digital Team 13 February 2014
The CIC directed secretary of Department of Women and Child Welfare at GNCTD to put out on its website, details of those who have been given pension and those who have been rejected. This is the 196th in a series of important RTI judgements given by former Central Information Commissioner...

Read More

Free Helpline
Legal Credit
Feedback