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Jun 30, 2014 - sknlakshmi
Introduction Prudent use of the credit period is very important in the case of credit cards. This can be done by ensuring all the spending is at the beginning of the billing cycle. Most banks give you a month, along with the time taken to send the bill, to clear your dues. So, this gives customers 48-50 days to pay.  Customers should also check the credit limit available on a card and ensure she/he doesn’t spend beyond the limit.  If you don’t pay your entire balance on time, your...
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May 29, 2014 - sknlakshmi
Mutual Funds Vs Hedge Funds Bear markets are devastating;, bull markets are beautiful sight to behold.   Hedge funds are especially effective in sudden bear markets.  A hedge fund is a pooled investment vehicle administered by a professional management firm, and often structured as a limited partnership, limited liability company, or similar vehicle. Hedge funds are generally distinct from mutual funds as their use of leverage is not capped by regulators and from private equity...
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Apr 30, 2014 - sknlakshmi
Why life insurance policy premium need to be paid till tenure of policy? Life insurance policy gives you the protection against financial losses resulting from the insured individual's death. It provides you and your family the financial security and certainty to deal with the aftermath of any unfortunate events.A person who have dependents (especially if they are the primary provider) or significant debts that outweigh ones assets, then you need insurance to ensure that your dependents are...
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Apr 29, 2014 - sknlakshmi
Health Insurance for DiabeticsDiabetes is a number of diseases that involve problems with the hormone insulin. Diabetes is primarily a self-managed disease. In order to stay healthy, a person with diabetes needs supplies like test strips, meters and insulin. More than 5% of the Indian population suffers from diabetes in some form or the other. In fact India can definitely bag the dubious honour of being the “Diabetes Capital of the world”. Despite the problem being so widespread there does not...
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Apr 29, 2014 - sknlakshmi
Trend of Indian Equity Market – Pre and Post-ElectionThe pre-election rally has given a 10% upswing in the market during the past two months, with foreign institutional investors buying stocks worth $4.3 billion. With emerging market fund flows reversing in two months, it has resulted in positive flows into India. The impact of sharp market rallies, following the previous two election results, still haunts many investors caught on the wrong foot and, hence have, over the past three months,...
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Apr 28, 2014 - sknlakshmi
Vehicle Insurance Vehicle insurance is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. If you have a vehicle, insurance is vital.  Remember, when you insure something such as a car, it is not the car you are insuring.  You are insuring yourself so that, if you cause damage...
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Apr 28, 2014 - sknlakshmi
Vehicle insurance is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. Motor insurance in India has two components: own damage cover and third-party cover. The latter is compulsory, to cover third-party damage in terms of property or life. What is third party insurance? Third party...
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Apr 16, 2014 - sknlakshmi
India’s financial sector is diversified and expanding rapidly. It comprises commercial banks, insurance companies, non-banking financial companies, cooperatives, pension funds, mutual funds and other smaller financial entities The financial system in India is regulated by independent regulators in the field of banking, insurance, capital market, commodities market, and pension funds.   However, Government of India plays a significant role in controlling the financial system in India...
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Apr 3, 2014 - sknlakshmi
The Finance Ministry on Tuesday released a revised Direct Taxes Code (DTC) for comments. The new tax code is meant to create an efficient direct tax system by replacing the archaic Income Tax Act. The Direct Taxes Code Bill, 2010, was introduced in the Lok Sabha in 2010 and was later referred to the Standing Committee on Finance. The draft tax code proposes a new tax rate of 35 per cent for individuals having income exceeding Rs. 10 crore.  The Standing Committee on Finance headed by...
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Mar 21, 2014 - sknlakshmi
Like marriage, the relationship between an entrepreneur and her investor can go wrong. The relationship is more than just money and it’s important to know if you’re compatible. “You may not be getting married forever, but you are shacking up for a long time,” said Lori Hoberman, Chair of the Emerging Companies / Venture Capital practice, Chadbourne & Parke.Your investors are going to get to know you beyond just reading your pro formas and talking with you. You need to get to know them. “...
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