PERSONAL FINANCE


As I keep reading the reports on K in every newspaper, wondering which political party in India he will now help. I also keep thinking about how luck helps many of us, good luck and, sometimes, bad. It is one of those things.    In the rough and tumble of corporate life, many things...

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Home loan planning does not just end at finding the right home loan lender who can meet all your financing needs adequately – it also means that you do all that you can to improve your chances of getting a home loan deal that is competitive and compliments your financial standing and needs....

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Amitabha Banerjee Amitabha Banerjee 24 June 2022
A few months after taking charge of credit for Pakistan, I was told to tour Pakistan in order to get a first-hand feel of the country.   This was in the mid-1990s when relations between India and Pakistan were not quite cordial but not openly hostile either. Being an Indian, I was...

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The absence of full-time Chairman and Managing Director for the listed New India Assurance Company and full-time Directors for all the public sector non-life insurers, failure of IRDAI in curbing the unethical market practices of private players, are some of the issues affecting the...

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The ability to be discreet, to build trust in yourself and, through you, in the organisation; to keep your word and, therefore, to build credibility - can make big demands on a manager. Is it possible always, to be honest? Is there sufficient room for grey areas—through which one can...

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India's insurance regulator is in reform mode with a series of industry-friendly measures, hoping that it would result in more people buying insurance protection.   Happy with the winds of change, the sector wants more relaxation.   The Insurance Regulatory and Development...

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As the battered ed-tech platforms enter the physical tuition centre space, knives are out and the traditional coaching institutes have threatened their teachers leaving the institutes.   As schools and colleges reopen, leading ed-tech platforms like Unacademy, BYJU's, Vedantu and the...

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Moneylife Digital Team 13 June 2022
Taking any type of loan involves a huge financial responsibility. This is especially true in case of home loans and loans for education abroad which involve taking on a huge debt. SBI Life - RiNn Raksha is a group credit life insurance plan offered by SBI Life Insurance Company Limited (SBI...

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Amitabha Banerjee Amitabha Banerjee 10 June 2022
At the height of the economic crisis in India in the early 1990s, I left the country to join a bank in Dubai. Early on, I found out how the personnel (now called human resources-HR) department works there.   HR departments in banks in the Middle East were headed by nationals,...

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Moneylife Digital Team 04 June 2022
A minority shareholder group of 11 shareholders, constituting  a total shareholding of around 13.67%, has called for an extraordinary general meeting (EGM) flagging concerns about the working of Dhanalaxm Bank. The causes for calling this meeting, as stated by those requisitioning the EGM,...

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Why is middle management the lost tribe?    Often, when I look at middle management (MM) in the corporate world, I am inclined to describe it as the ‘lost tribe’ of biblical times. They are caught between running with the fox and chasing with the hound. It is a group which is caught...

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Quite often, many (and sometimes hidden) terms & conditions (T&Cs), such as long waiting periods on pre-existing diseases (PEDs) or caps on room charges, become a source of disappointment and frustration when one really needs health insurance. Nobody likes claim rejections or going...

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Moneylife Digital Team 01 June 2022
According to the just-released Reserve Bank of India's (RBI) annual report, during FY21-22, 79,669 fake notes of Rs500 were detected, which is 101.9% higher in comparison to FY20-21’s figure of 39,453 notes. On the other hand, 13,604 fake notes of Rs2,000 were detected in FY21-22, 54.6%...

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Labour unions used to be a major thorn in the side of corporate managers in India, along with the demons of inspector-raj, goonda-raj, and income tax (I-T)-raj.   Having grown up in Kolkata in the 1950s and 1960s, I had seen what unions could do when they grew nasty. My uncle had been...

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Moneylife Digital Team 27 May 2022
For a long time, mental illness-related expenses were not covered under health insurance in India. Only physical health ailments and disorders came within the ambit of health insurance plans. Fortunately, we are now seeing a shift in the trend, in the past couple of years. The Insurance...

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Some bad news for the vehicle-owners already affected by the accelerating fuel price increase.   From 1 June 2022 onwards, the motor third party liability insurance premium has been jacked up by the Central government, despite the portfolio being hugely profitable for the...

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Does the game change?   An article of a 1,000 words is too small to explain the significant challenges that one faces in a digital world. That is why my colleague (Brian Almeida) and I wrote a book titled Marketing in a Data/ Digital World (available on Amazon). This was a book...

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While home loan interest rates have been rising recently, especially in the last month, they continue to remain attractive overall. For instance, current rates are still relatively low compared to the recent few years.   Being eligible for a lower interest rate home loan is easy but...

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I reached office at 8.30 one morning to find my head peon waiting for me at the door. This was most unusual, because he was not on duty until 10.30. Besides, he had a very worried look.   “Bahut gadbad ho gaya, Saab” (a big mess has happened, Sir) he said and told me the...

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About ten years ago, V Subbiah, the presiding head of a well-respected business family in south India, which has been in business for the last 150 years, spoke to the media. He had worked out a transition from 'family managed' to 'professionally managed' administration for all the companies...

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