Why you shouldn't invest like your parents in today's financial world

Why you shouldn't invest like your parents in today's financial world No doubt your parents want to help, but they might not have all the answers you need. For one, they may not be aware of the market situation. Have an unsteady income? Here's how you can secure a stable funds inflow The other way for keeping income volatility in check involves creation of alternate income avenues by way of income-earning assets. How to draft your will online Two recently launched e-will writing services have made the process of making a will simpler and a lot cheaper. How to use a large sum of money judiciously Several surveys have revealed that almost one-third of those who won a lottery ended up seeking some sort of bankruptcy relief within a few years. How to increase your tax savings To derive the maximum benefit from the new income tax rules, submit revised investment details to your employer.

Quote of the week "The best time to invest in the Indian market was last year when valuations were low. The second best time is now. Wake up." Ramesh Damani Member

Family Finances An early start, high surplus to help Mumbai-based Vakils meet all goals Financial journey can be smooth without much problem when backed by high income and surplus, as well as long-term goals. Financial Planning Know the real value of money over a period of time to avoid losses Financial products are designed and distributed to capitalise on the investor's ignorance about the value of money over a period of time. Money-making venture How Anshuman Mihir's Mytaxiindia.com is making life easier for the Indian traveller With the Rs. 7 crore Mytaxiindia.com, Anshuman Mihir is making life easier for the Indian traveller. Entrepreneurs How Bhavesh Sanghrajka's love for high-rise buildings helped him build a Rs 22 crore realty company Bhavesh Sanghrajka's love for high-rise buildings made him enter the realty sector and start Shraddha Life Space, Rs. 22 crore company. Financial Calculators Plan your car Car cart! Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. Home Loan Refinance Should you refinance your home loan? Find out how much you will have on retirement with different combinations of savings, percentage returns, time to go and tax rate. More Calculators

Revival of the hydropower sector to bode well for NHPC It has several projects in the pipeline and the projects can earn tariffs based on an assured return on investment (ROE) at a blended rate of 16.25%. How to interpret what your recruiter means Keep your job search on while you wait for the cards to play out. If you get an alternate offer, let your recruiter know that you have a deadline. Five smart things to know while investing in mutual funds Equities held in the portfolio are valued at closing market prices of the securities on the principal stock exchange. All you need to know while claiming your motor insurance The insurer typically has tie-ups with motor garages for a cashless facility and will pay the bills directly to the garage. How to gain more from unique funds like Edelweiss Absolute Return Fund, Goldman Sachs Liquid BEES Find out whether these suit your investing needs and how to make the most from them.

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News Digest: Don't focus only on Srinagar for relief operations: Supreme Court

		THE TIMES OF INDIA
		Tuesday, September 16, 2014
		Today's Headlines

		India
		Don't focus only on Srinagar for relief operations: Supreme Court The Supreme Court yesterday asked the Jammu & Kashmir government and the Centre to ensure that food, water and medicine reached the “last man” among flood victims. One killed, 2 BSF jawans injured in LoC blasts An Army porter was killed while five people including two BSF jawans were injured in two blasts along the line of control in Poonch district of Jammu & Kashmir. No quality control for life-saving generic drugs, govt apathetic While the Indian government is pushing generic drugs as they are cheaper and, therefore, more affordable, there seems to inadequate attention on ensuring that the quality protocol of these drugs is properly observed. More India News»

		Business
		Govt mulls closing PSUs hit by losses Government officials will meet on Tuesday to discuss proposals to shut down some loss-making state-owned companies, risking a conflict with powerful trade unions. Save taxes, earn higher returns with ELSS Soon after coming to power, the new government increased the section 80C limit under the Income Tax Act by Rs 50,000 per annum to Rs 1.5 lakh, and gave some other incentives to retail investors to save more. Companies get six more months to get women on board Market regulator Sebi has allowed listed companies an extra six months till March 31, 2015, to have at least one woman director on the board. More Business News»

		Environment
		India staring at ozone trouble, says Pune scientist City-based scientist Gufran Beig said the Earth's protective ozone layer is on track to recovery in the next few decades. Javadekar to represent India at UN Climate Summit on September 23 India will be represented by environment minister Prakash Javadekar at the UN Climate Summit which is to be held in New York on September 23. Asian monsoon almost 40 million years old Asian monsoon, one of the largest and crucial climate system in the world, existed 40 million years ago — much earlier than previous estimates, according to a new study. More Environment News»

		World
		Turkey is a steady source of ISIS recruits Having spent most of his youth as a drug addict in one of the poorest neighborhoods of Turkey's capital, Can did not think he had much to lose when he was smuggled into Syria with 10 of his childhood friends to join the world's most extreme jihadist group. Typhoon spares Hong Kong, but disrupts business Strong winds and heavy rain hit Hong Kong on Tuesday as a typhoon headed to the south of the financial hub, disrupting business and closing the stock market for at least part of the morning. 700 migrants feared drowned in Mediterranean More than 700 people fleeing Africa and the Middle East may have drowned in shipwrecks in the Mediterranean over the last week, bringing the death toll this year to almost 3,000, the International Organisation for Migration (IOM) said on Monday. More World News»

		Entertainment
		Aditya Roy Kapur buys a diamond ring for Shraddha? Aditya Roy Kapur & Parineeti Chopra are busy promoting their upcoming film Daawat-e-Ishq. Big B, Jackie Chan together for first Indo-Chinese film? We believe that we are on the cusp of signing an important strategic treaty between India and China that will open up the gates for many collaborations, including that for our cinema. H'wood celebs who should visit Kapil Sharma's show Kapil Sharma is known for his weak English and is often seen teased by celebs on his show. Kareena Kapoor Khan, Shahrukh Khan, Deepika Padukone, Salman Khan and many Bollywood biggies have been a part of the show, but it will be amazing to see Hollywood celebs on Kapil's show. More Entertainment News»

		Science
		Nasa's hunt for dangerous asteroids falls short, report shows Nasa won't meet a congressionally ordered goal to find 90 per cent of nearby and potentially dangerous asteroids larger than 460 feet (140 meters) in diameter, the agency's Inspector General said on Monday. Why marijuana users end up feeling worse Adolescents and young adults who smoke marijuana frequently may attempt to manage negative moods by using the drug but end up feeling worse, says a new study. Asian monsoon's pattern started 40 million years ago, scientists find The monsoon, the largest climate system in the world, governs the climate in much of mainland Asia, bringing torrential summer rain and dry winter. More Science News»

		Sports
		Davis Cup: Serbia beat India 3-2 in World Group play-off Former champions Serbia will remain in the World Group of Davis Cup after Filip Krajinovic secured a 3-2 win over hosts India in a rain-interrupted play-off tie. Radamel Falcao relishes Manchester United debut "It felt good to make my debut at Old Trafford. It is an extraordinary stadium, a legendary stadium and I am happy to get the win," Radamel Falcao said. Maheshwary, Om Prakash doubtful for Asian Games Triple jumper Renjith and shot putter Om Prakash were rendered doubtful for the Asian Games though Athletics Federation of India is yet to take final call. More Sports News»

		Technology
		First Impressions: Micromax Canvas A1 Android One smartphone Micromax Canvas A1 is the most expensive of the lot, priced at Rs 6,499. Here's what we feel about the phone... iPhone 6, 6 Plus pre-orders hit 4 million, break record This figure breaks the previous record of 2 million pre-orders in a day that was set two years ago when Apple started taking advance bookings for iPhone 5. Android One phones in India: 8 things to know Google has launched Android One phones in India. Here are 10 things to know about the Android One phones... More Technology News»

		Education
		Consensus among VCs for 2-year BEd/MEd course There was a broad agreement among vice-chancellors of state/central/deemed and private universities that BEd/MEd course should have the duration of two years each. Cambridge gets Indian law lecturer Mumbai-born and Delhi-educated Antara Haldar breached a tradition to become the first non-European lecturer of law at University of Cambridge. Science of computers Subhash Kak, Regents professor, department of computer science, Oklahoma State University, Stillwater, talks to Aaditi Isaac on the emerging areas in computer science. More Education News»

		Mumbai
		BJP hit rate in state polls better than Sena's since 1989 tie-up An analysis of the performance of the Shiv Sena and the BJP in Assembly elections ever since the two formed an alliance in 1989 reveals that the BJP has had a better strike rate than the Sena. Past Masters: History enthusiasts document their tiny communities Mumbai is a city churning with stories. They tumble out of potholes, echo in colonial archways and seep from the damp walls of dilapidated buildings. So it's fitting that an army of amateur historians has taken it upon themselves to document every aspect of the city including its minorities. Film City in dock over octroi on Rs 1.4crore power generators The state films and stage, cultural development corporation, popularly known as Film City, has failed to provide octroi receipts to the BMC to prove that it purchased six generators worth Rs 1.36 crore. More Mumbai News»

		Delhi
		3 juveniles held for killing man in southeast Delhi A 20-year-old youth was stabbed to death by three juveniles in southeast Delhi’s Jaitpur area on Sunday night. Mayur Vihar robbery victim in ICU The 35-year-old man who was stabbed by three robbers in Mayur Vihar had to be admitted to the ICU of a hospital in Noida even after he was discharged from a private hospital. Even so, only a case of robbery has been registered by police. Son kills man over drinking, apprehended The incident was reported around 10pm from Sector 16 when the victim, Baburam, had come home drunk and abused his wife. Neighbours said that this was a routine affair. Babulal drove an autorickshaw. More Delhi News»

		Bangalore
		Standoff casts shadow on Dasara With just 10 days left for Dasara, the standoff between the Mysore royal family and the Karnataka government threatens to dampen the festival. Kannada classics make glorious comeback Winds of change has swept through the Kannada film industry in the past four decades, yet its old classics hold a certain charm. Hotel staff took care of us, says Mangalorean The 41-year-old was to return from Srinagar on Sunday last when flashfloods struck the Valley. More Bangalore News»

		Hyderabad
		AIS allotment: Naidu loses his principal secretary to Telangana The Pratyush Sinha Committee appointed to distribute All India Service (AIS) officers between Telangana and Andhra Pradesh sprang a surprise at its final meeting on Monday by changing the cadre of over 22 officers, mostly belonging to the IAS. After tantalising Telangana, Hero vrooms into CM's Chittoor In the race to woo a prestigious first investment in the manufacturing sector post-division, Telangana has lost to Andhra Pradesh. Hyderabad traffic cops to sport body cameras City traffic cops could soon go the Singapore way and sport body cameras while on duty as part of the government's elaborate plans to usher in new-age policing in Hyderabad. More Hyderabad News»

		Chennai
		HC to decide on agency to probe custodial rape case Who has to probe the allegations and whether the victim-woman requires further psychological treatment would be decided on Wednesday, said Justice V Ramasubramanian on Monday. BJP candidates allege forgery in civic polls, seek CBI probe While the Tamil Nadu unit of the BJP is yet to bring its writ petition highlighting the alleged malpractices in bypolls to civic bodies for hearing in the Madras high court, several candidates moved the court on Monday saying the sanctity of the civic poll process was in peril. 60% of elderly malnourished: Study Dental problems are often taken for granted at old age. Now, doctors are seeing a common sense link that was mostly ignored: Most of the senior citizens going to physicians are malnourished because they can’t eat properly, and they are often depressed. More Chennai News»

		Ahmedabad
		Chinese products hit state industries Gujarat's small and medium industries are anxiously waiting for Chinese president Xi Jinping's visit to the state. Youth's body found in tuition class A 26-year-old youth, Brijesh alias Pinto Goswami, was allegedly strangled in a tuition class at Jivan Sagar complex near Bal Bhavan in Khokhra on Sunday night. 11,000 more in class XI science this year Science, it seems, has once again regained its earlier charm among high school students.The first semester of class XI has seen 1.38 lakh students opting for science stream, a jump of more than 11,000. More Ahmedabad News»

		Allahabad
		Pandas at Sangam go hi-tech From sign language to social networking, pandas of Allahabad have graduated from the traditional way of using of symbols on their flag post to that of social platforms to invite 'yajman' (clients) for various 'karm-kands' (rituals) at Sangam. Private doctors' strike continues for the second day Private doctors, nursing homes and medicare centres remained on strike for the second consecutive day on Sunday against rising incidence of attacks on doctors and their establishments. They have accused the district administration of laxity in initiating action against the perpetrators of the crime. Teenager raped, poisoned to death in UP A 15-year-old girl was allegedly raped and administered poison in her house at a village under the Meja police station late on Friday night. It was also alleged that the accused thrashed girl’s three brothers and locked them in a room before committing the crime. More Allahabad News»

		Bhubaneswar
		Malaria stings 60 Similipal Tiger Reserve staffers The Similipal Tiger Reserve (STR) in Mayurbhanj district is scourged by malaria with 30% of its staff down with the fever. This has hit the routine watch and ward, including foot patrolling, in the sanctuary, official sources said. Police bust gang of snatchers in Bhubaneswar Police on Sunday arrested four members of a gang of snatchers at Kharavel Nagar and recovered stolen jewellery worth over Rs 18 lakh from them. SC, ST hostels in Odisha to have lady staffers The state government is planning to appoint at least one female employee in each hotel being run by ST and SC development department to curb incidents of food poisoning, desertion by boarders and allegations of sexual abuse. More Bhubaneswar News»

		Bhopal
		Toilets' data not given by 43 districts: MP education department Madhya Pradesh not only lags way behind in availability of toilets to children of government schools across the state, officials also don't seem to be interested in providing details of the status of toilets in government schools. Senior IAS officer among three booked for violation of PCPNDT Act in Madhya Pradesh A district court in Madhya Pradesh on Monday has ordered the registration of a case against three top bureaucrats including state’s principal secretary, secretary and former director of health for violation of Pre-Conception and Pre- Natal Diagnostic (Prohibition of Sex Selection) (PCPNDT) Act, 1994 and 1996. Fake RRB website offering job, Railways approach Madhya Pradesh cyber cell The Railway Recruitment board (RRB) Bhopal has on Monday approached state cyber cell headquarters taking a proactive step to trace a recruitment racket who created a fake website to trick job aspirants into paying up to Rs 300 to 500 as fee for applying form a job that never was. More Bhopal News»

		Chandigarh
		Stronger placement cell shrill grows louder Despite the presence of a formal placement cell, students of Panjab University (PU) feel the need for better initiatives to be taken up for proper placements from the campus. Punjab sees 50-fold jump in heroin seizures in 10 years Punjab has witnessed a quantum jump in drug trade, especially that of heroin, in the last decade, according to a Punjab police affidavit submitted in Punjab and Haryana high court on Monday. PSEB secretary has invalid masters degree: Report Punjab State Education Board (PSEB) secretary Gurinder Singh Bath, who was appointed during then education minister Sikander Singh Maluka's tenure, has an invalid masters degree in engineering. More Chandigarh News»

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