Currently in India only Banks are allowed to open ATMs to serve their customer needs. It is felt that current ATM penetration is to Tier-I and Tier-II cities only. To move ATM services to other parts of India, RBI came up with guidelines to open White Label ATMs. It is in the right motive to provide … [Read more...]
Archives for June 2012
Is your Agriculture Income really exempted?
When it comes to agricultural income it is commonly believed that it is exempted. But you need to calculate it for finding income tax rate when partial integration of non-agricultural income with agricultural income conditions satisfied. So now let us look what are the conditions and how we can … [Read more...]
BasuNivesh moved to it’s own Domain “www.basunivesh.com” !!!
I feel very happy to announce that "BasuNivesh" moved from this existing domain to new own domain www.basunivesh.com successfully. It is like moving from rental house to own house for me :)For readers- you will not loose any old contents but you feel some new changes in coming days. I am still … [Read more...]
Do you have “Orphan Life Insurance Policies”?
First let us look at the meaning of "Orphaned Policies". It is common in Insurance business that today who used to say as full time agent or adviser of particular life insurance company may switch his profession due to competitive business or finding any other lucrative profession than Insurance … [Read more...]
Gold-10 interesting facts which you may not know.
Below are the few interesting findings about gold which I think will surprise you or make you knowledgeable about gold related facts.1) Southern states of India (Karnataka, Tamil Nadu, Andhra Pradesh and Kerala) constitutes around 40% of India’s gold demand. Western states constitutes around 25% … [Read more...]
When you need to come out from your equity investments?
Every Financial Planner advise you to invest in Equity market to get good returns. Also it is proven thing that equity outperformed other asset classes over long run. But have you ever thought what will happen to your equity investments when you face the situation like 2008-09 recession exactly … [Read more...]
LIC’s Whole Life Plan-Best for Estate creation
It is common practice by almost all agents to sell the products which they actually know. But I noticed during my search for LIC's plans that Whole Life plans are I think untouched or neglected plans. Hence thought to give inputs how well they are and what are the drawbacks of these plans. First let … [Read more...]
How you can achieve Financial Goals by small sacrifices?
Starting this post with good news. BasuNivesh which started it's journey on 9th December 2011, have crossed 10,000 hits within the span of 6 months !!!. Thanks for all who visited and encouraged me for this milestone. Hope you support me in future too.It is often believed that to start for … [Read more...]