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Tuesday, June 2, 2015

Financial dos and don'ts for parents in their late 30s, early 40s

THE ECONOMIC TIMES
Tue, Jun 02, 2015 | 09:32 AM IST

ET Wealth Newsletter

Financial dos and don'ts for parents in their late 30s, early 40s
If you become parents in your late 30s or early 40s, it calls for a rejig of finances. Find out how to bring more focus to your planning.
EMIs too high for your comfort? Here's how you can avoid defaulting on loans
Banks are typically more interested in recovering the money than in legal proceedings as the procedure of attaching and auctioning property is lengthy.
Gold monetisation scheme: Is it time to swap gold ETFs for gold deposits?
Investors will earn an additional 1% and save on fund management charges if they convert holdings to physical gold and put it in the scheme.
Are you paying too much tax? This tax optimizer may help you cut tax outgo
His annual cost-to-company is Rs 16.3 lakh. Here is how he can bring down his tax by availing of the new tax benefits introduced this year.
Quote of the week
"India still two quarters away from real growth"
Jinesh Gopani
How smart savings and high earnings will help Bals to meet their goals

Family Finances

The Bals have made an early start with aggressive saving and are on track to reaching their goals. However, they will have to realign their investments and take a higher exposure to equity.
NRIs should re-balance portfolio, focus on financial assets to ease the pain of returning

Financial Planning

Returning NRIs should build wealth with that relocation in mind. Assets, skills, and attitudes should align with the relocation strategy.
Why Delhi based Ashish Gupta's Cougar Motorsport is a dream come true for motorsport enthusiasts

Money-making venture

Delhi-based Cougar Motorsport, which kicked off with a four-day motorsport event in Rajasthan, The Desert Dash, has organised close to 70 events.
How the Rs 160 crore StarAgri is helping farmers manage their produce

Entrepreneurs

Our aim is to connect with 25 lakh farmers. We want to become every farmers' dream partner in their success

Financial Calculators

Plan your car
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
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.
Will auto stocks move into high gear? Depends on ecomomic growth & consumer sentiment
The Automobile sector's attractiveness for investors could rise depending on economic recovery. Learn more before investing in auto stocks.

Gold monetisation scheme may not attract major segment of gold owners
The average gold investor is a conservative person who doesn't like to part with his gold for a certificate from the bank.

Five things you need to know about account and folio nominations
When a dispute between heirs is not expected, nomination is a simple way to transfer wealth with minimal paper work.

Pledging by promoters on the rise: Why investors should be bothered about this trend
Though the stock market is stable at present, some worrying signs like the jump in promoter pledges at the end of the last fiscal should not be ignored.

How to neutralise that evil office colleague hampering your career growth
Learn to recognise a co-worker who may not have your best interests at heart and take steps to stay on top of the situation.

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Monday, June 1, 2015

News Digest: This government should have the grace to acknowledge the work done by the UPA: P Chidambaram

THE TIMES OF INDIA
Tuesday, June 02, 2015
Today's Headlines

This government should have the grace to acknowledge the work done by the UPA: P Chidambaram
You have misunderstood the context in which “suit boot sarkar” was used. As I understand it, it is a short hand way of saying that this government has been pro corporate rather than pro- farmer or pro poor or pro- working class.

Tamil nadu gets $300mn from World Bank to improve roads
The World Bank has sanctioned a loan of US $300 million (around Rs 1,800 crore) for Tamil Nadu to improve its roads. The line of credit is part of the second Tamil Nadu Road Sector Project.

Accused from Jindal group came to me for favourable verdict: Judge
A hearing into a Coalgate-related case on Monday began on an embarrassing note for the defendants as the judge hinted that he had “again” been approached by an accused in alleged pursuit of a favourable verdict.

More India News»

7.5% Q4 GDP growth may be revised downward
The high January-March GDP growth figure of 7.5%, which elevated India to the position of the fastest growing large economy in the world, even ahead of China for the comparable period, may be short-lived as there is a high probability of its downward revision in about three months.

'Rent seeking' cos unhappy with govt: Piyush Goyal
Coal, power and renewable energy minister Piyush Goyal, on Monday, described the section of industry unhappy with the slow pace of change on the ground in Narendra Modi's first year in office as rent seeking and unable to adjust in the new transparent era ushered in by the BJP-led government.

Pawan Munjal new Hero MotoCorp chairman
Passing the baton to his son Pawan Munjal, top industrialist Brijmohan Lall Munjal today stepped aside as Executive Chairman of two-wheeler giant Hero MotoCorp to take up an non-executive role.

More Business News»

Climate change boosts rain in Africa's Sahel region: Study
Rising greenhouse gases have boosted rainfall in the Sahel region of Africa, easing droughts that killed 100,000 people in the 1970s and 1980s, in a rare positive effect of climate change, a study said on Monday.

Feeling breathless in 'gas chamber' Delhi
As the Centre and state governments in NCR dither on fixing air quality, the capital’s image is taking a beating and its residents are paying the price of bad air with their health.

New round of UN talks seeks a shape to climate deal
UN climate talks were to resume in Bonn on Monday, tasked with sculpting a historic deal on greenhouse gases due to be sealed in Paris little more than six months from now.

More Environment News»

Migrant children face labour, sex exploitation in Italy
In a cavernous market just outside Rome, migrant boys from North Africa shunt trolleys stacked high with crates of melons, garlic, tomatoes, strawberries and other Italian produce.

Kerry heads home after breaking his leg
US Secretary of State John Kerry left Europe for the United States aboard a special military aircraft on Monday after breaking his leg in a cycling accident.

Up to 70 killed in Nigeria fuel tanker crash
Up to 70 people were killed in Nigeria, many of them burnt alive, when a fuel tanker crashed into a busy bus station in the southeast city of Onitsha and exploded, Red Cross officials said on Monday.

More World News»

Exclusive: Salman Khan in 'Selfie le le re' song
In his upcoming Eid release, Bajrangi Bhaijaan, Salman Khan’s introduction in the film is with a song titled ‘Selfie le le re’ that has been composed by Pritam and choreographed by Remo D’Souza.

I was almost a loser in 'Judaai': Anil Kapoor
When the star cast of Zoya Akhtar’s upcoming film Dil Dhadakne Do arrived in Ahmedabad, it looked like a family on a fun trip.

Team Dil Dhadakne Do with Milkha Singh
According to the promise made, Farhan Akhtar held a special screening of Dil Dhadakne Do for Milkha Singh. The cast and crew was also present for the special screening and even clicked pictures with the great sprinter.

More Entertainment News»

Indian students bag 30K euro jackpot from Airbus
A team of Indian students have won the global 30,000 euro jackpot from Airbus for creating the world’s first airplane that generates its own power by the vibration of its wings which can later be used to power in-flight systems.

Groups press FDA to approve 'women's Viagra'
Those questions are being raised in a campaign that is pressing the Food and Drug Administration to approve a pill aimed at restoring lost libido in women.

Bengaluru firm researches on treating Pompe, a rare disorder
Nidhi Shirol, 14, is battling a rare disease, Pompe. The absence of sugar-storing enzyme in her body has made all the difference. Her family spends a whopping Rs 1 crore every year on treatment.

More Science News»

Don't yet know about my role in advisory committee: Ganguly
Despite being unclear about his role in the BCCI advisory committee, Sourav Ganguly is happy to be clubbed with Sachin Tendulkar and VVS Laxman.

Djokovic, Nadal to meet in French Open quarterfinals
Novak Djokovic and Rafael Nadal will clash in a French Open quarterfinal blockbuster in one of the sport's most-eagerly awaited clashes of recent times.

Roger Federer reaches 11th French Open quarterfinal
Second seed Roger Federer reached the French Open quarterfinals for the 11th time on Monday with a 6-3, 4-6, 6-4, 6-1 win over France's Gael Monfils.

More Sports News»

13 companies barred from applying for H-1B visa

In sales, Snapdeal closes in on Flipkart
Online marketplace Snapdeal has hit a sales run rate of $3.5 billion this month, what is known as gross merchandise value (GMV) in e-commerce parlance, bringing it closer to the scale of Flipkart, the country’s largest e-tailer.

DoT panel submits report on net neutrality
A telecom department panel on net neutrality submitted its report to the communications & IT minister Ravi Shankar Prasad over the weekend.

More Technology News»

Maharashtra SSC exam result likely to be announced this weekend
The Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE) is likely to declare the Secondary School Certificate (SSC) exam result by this weekend.

For The Budding Engineer...
Exam season has ended, but testing times have not. Students are now stressed out over what career path to choose. Engineering is a popular choice, mainly because people believe the stream has a wide range of career options and career growth, offers social status, and is a well-trodden path to success. Engineering streams are aplenty, and students are often undecided over what stream is best suited for them. TOI seeks to list out a few engineering streams and why that stream is meant for you.

Bengalureans top 6 of 7 streams in CET, but city ranking drops
Students from Bengaluru have excelled in CET 2015, topping the six of the seven streams. However, Bengaluru’s overall ratings have dropped, with 39 students in the top 10 ranks across the seven streams, down from 45 last year.

More Education News»

More News»

Uber driver tries to kiss passenger in Gurgaon
A 21-year-old woman has accused the driver of an Uber cab of trying to kiss her after she got off at her destination in Gurgaon on May 29, landing the taxi-hailing company in a fresh controversy barely six months after the alleged rape of a passenger in Delhi led to the service being banned in the capital.

Plea for equal relief after boy's school assault
As a 12-year-old boy he was grabbed from inside his school and sexually assaulted by senior students. Faced with severe psychological trauma the boy was forced to change his school and shift home to another south Delhi colony.

Boy, grandfather killed as SUV hits scooter
A 15-year-old boy and his grandfather were mowed down by a speeding Toyota Fortuner near Ashoka Niketan traffic signal, Yojna Vihar crossing, on Monday morning. Rishab, a Class VII student of Amity International School, Vasundhara, was riding pillion on his grandfather’s scooter.

More Delhi News»

Apathetic Bruhat Bengaluru Mahanagara Palike turns KR Park into junkyard
Food waste, used paper plates, construction material, dry leaves - name it and you'll find it in this dumpyard. It's not a landfill we're talking about but a premier lung space in the city.

Bangalore KSRTC launches washing machine for buses
Now KSRTC buses will get a soap bath in an automatic washing machine in depots in Bengaluru.

Engineering graduate caught for selling ganja
An engineering graduate from Odisha, who came in search of a job in the city was caught while he was found selling ganja his single room accommodation from BTM Layout II stage in the city on Saturday.

More Bangalore News»

More News»

Tamil Nadu lifts power cuts for industries
In a big relief to industries, saddled with high production capacity but low demand, the Tamil Nadu government on Monday announced lifting of power cuts from June 5. While the 20% power cut for high tension users during non-peak hours would be eased completely, the 90% load shedding during peak hour between 6pm and 10pm would be lifted only up to September 30.

Woman dies falling from joyride
A 42-year-old woman died on Monday after she slipped down from a ‘Frisbee ride’ at an exhibition set up on Lady Willingdon College grounds on Kamarajar Salai on Sunday night.

Woman dies after falling from amusement ride in Chennai
A 42-year-old woman died after she fell from an amusement ride at an exhibition on Lady Willingdon College Grounds in Chennai on Sunday night.

More Chennai News»

Pens worth Rs 5 lakhs stolen
A stationery store in Ambawadi was targeted by thieves who decamped with Rs 1.10 lakh in cash and 43 high-end pens worth Rs 5 lakh. Police have started investigation on the basis of the CCTV footage found from the spot.

Builder's kin crashes SUV into 12 people, kills 2
A father-son duo was crushed to death and 10 others injured when a speeding SUV driven by a builder’s kin, who is a resident of near by Shah-e-Alam area, ran over people sleeping outside their hutments near Chandola lake, at 2.30 am on Monday.

Follow tariff orders, GERC tells GUVNL
The Gujarat Electricity Regulatory Commission (GERC) has warned the state-run Gujarat Urja Vikas Nigam Ltd (GUVNL) to comply ‘scrupulously’ with its tariff orders in the case of making payments to the solar photovoltaic power project developers.

More Ahmedabad News»

'Year 2020 to see 7 million deaths due to tobacco'
Allahabad Medical Association (AMA) organised a CME (continuous medical education) at AMA Hall on the occasion of World No Tobacco Day 2015 on Sunday to highlight the ill effects of tobacco and treatment of tobacco related cancers.

Neglected 300-yr-old Ayurvedic manuscripts to be preserved
Regional Manuscript Library, the lone government manuscript library in the state, has added to its treasure around 300-year-old manuscripts of medical papers and volumes penned by Ayurvedacharyas, who have elaborated symptoms and cure of common and chronic diseases by Himalayan herbs.

Woman kingpin among five vehicle lifters held
The district police, with the help of crime branch and Jhunsi police, busted an inter-state gang of vehicles thieves, by arresting its kingpin Sweta Gupta and five gang members.

More Allahabad News»

Niramaya served 4.40 lakh in its first month: Govt
Around 4.40 lakh patients benefitted from the government’s free medicine scheme 'Niramaya' in the past one month after it was rolled out on May 1, the government said on Monday.

Orissa CM raps top cops for robbery at ex-judge's house
As police groped in dark about Saturday’s armed robbery at the house of retired Orissa high court judge P K Mohanty in Cuttack, chief minister Naveen Patnaik pulled up DGP Sanjeev Marik and twin cities commissioner of police R P Sharma on Monday and directed them to crack the case immediately.

Hectic parleys to locate IIM site at Sambalpur
During his two-day visit, Sahoo said he would hold discussions with the district administration on Monday to provide inputs to the state government for replying to the queries of ministry of human resources development in New Delhi on June 5.

More Bhubaneswar News»

MP scores poorly in social infra: ASSOCHAM
Madhya Pradesh government needs to take significant steps to improve social infrastructure for equitable development and social empowerment for sustainable economic growth.

Lightning kills one at Khajuraho, causes little damage to temple
A 17 year old girl died after being struck by lightning at western group of temples in Khajuraho.

Tribal woman gang raped in Shivpuri
Suspected of practicing witchcraft, a tribal woman was gang raped at a distant village in Shivpuri in northern Madhya Pradesh on late Saturday night.

More Bhopal News»

Buns or braids, keep it messy, girls
Summer definitely gives girls with long hair a tough time.And keeping those tresses flowing at a party means inviting even more trouble.

Man held for smuggling illicit liquor
A man was arrested by police department's anti-narcotics and anti-illicit liquor wing with possession of 11 cartons of illicit alcohol on Monday.

Making Ludhiana a better place to breathe
These young innovative minds of Guru Nanak Dev Engineering College may help reduce air pollution with smokeless biomass briquettes machine with waste materials like saw dust, coffee husk, coconut shells, agro-waste and paddy straw.

More Chandigarh News»

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Harvard neuroscientist: Meditation not only reduces stress, here’s how it changes your brain

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Sara Lazar, a neuroscientist at Massachusetts General Hospital, was one of the first scientists to take the anecdotal claims about the benefits of meditation and mindfulness and test them in brain scans. What she found surprised her — that meditating can literally change your brain.
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