PERSONAL FINANCE


IANS 16 January 2024
The Reserve Bank of India (RBI) on Monday issued a draft circular which proposes to harmonise regulations of housing finance companies (HFCs) with that of non-banking finance companies (NBFCs) in several areas such as minimum capital requirement and deposit-taking rules.   RBI said it...

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Moneylife Digital Team 15 January 2024
While partially upholding an order passed by the state commission, the national consumer disputes redressal commission (NCDRC) directed Birla Sun Life Insurance Co Ltd (Aditya Birla Sun Life Insurance Co Ltd) to pay a Rs35.10 lakh death claim and Rs30,000 cost of litigation to the nominee of...

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Moneylife Digital Team 12 January 2024
Holding Reliance General Insurance Company Ltd guilty of violating motor insurance service provider (MISP) guidelines and appointing in-house employees to asses the loss beyond Rs50,000 under motor insurance, the Insurance Regulatory and Development Authority of India (IRDAI) imposed a...

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In standard books on the theory of selling, there would be three seemingly innocuous directions, lost in the vast verbiage of a standard text, under the chapter on closing the sale. These are a) never be insulted by a refusal; b) never write off a customer; and c) never give up. It seems so...

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Abhay Datar 11 January 2024
As we all know, there are three categories in insurance, namely, life insurance, medical insurance and general insurance. Though medical insurance is a part of general insurance, it is mentioned distinctly because many aggrieved policyholders seek guidance on life as well as medical...

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“When I grow up, I won’t have children,” said my six-year-old granddaughter. “They are too much work.”   Yes, parenting is a lot more work today than it was 30 years ago. And more expensive, too, in more ways than one. First, of course, the cost.   As far back as 2018, a...

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Moneylife Digital Team 04 January 2024
Insurance agents may soon be required to maintain audio-visual records of their sales pitch, where they must read out a summary of the policy features to prospective buyers, says a news report.   According to the report from Times of India (ToI), with multiple cases in consumer forums...

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Moneylife Digital Team 04 January 2024
Terming the repudiation of an insurance claim for medical treatment as untenable, the national consumer disputes redressal commission (NCDRC) directed Bajaj Allianz General Insurance Co Ltd to pay US$20,000 along with an interest of 9%pa (per annum) as expenses for treatment overseas. While...

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The usual refrain in many companies today is that most of the unemployed are unemployable. They sometimes have poor technical knowledge (even though they have graduated) and even poorer communication skills and human skills. As I have said in earlier articles—technical, human and...

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IANS 27 December 2023
The Bengaluru-based corporate giant Wipro has filed a lawsuit against its former chief finance officer (CFO), Jatin Dalal, in the Bengaluru civil court. In turn, Mr Dalal, at present with Cognizant as CFO, has submitted an application to the court requesting arbitration.   However,...

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IANS 27 December 2023
The University Grants Commission (UGC) has issued a notification warning that students should not enrol in MPhil Degree courses being offered by universities as they are no longer recognised.   The notification comes as the UGC had earlier directed all higher educational institutions...

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Moneylife Digital Team 26 December 2023
While upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed HDFC Bank Ltd to pay Rs5 lakh with 9% interest and Rs10,000 as compensation to the nominee of the bank account-holder.   In an order last week, the NCDRC bench of air...

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Thomas Franco (CENFA) 22 December 2023
The five state election results are being analysed from various angles. Communal polarisation, EVM manipulation, and welfare schemes are the ones being discussed much more.   Let us analyse the bank loans under a few schemes in these five states.   Mudra Loan:   This...

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Sponsored Post 21 December 2023
In today’s times, health insurance has become a priority. It aims to provide financial protection during medical crises by covering hospitalisation expenses, medical bills and ambulance fees. Though health insurance plans, including family health insurance and health insurance for senior...

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Moneylife Digital Team 18 December 2023
With the aim of providing better housing, infrastructure and robust transport facilities to the growing population of the Mumbai metropolitan region (MMR), the Maharashtra government has finalised a broad skeletal proposal for developing a new city called the 'Third Mumbai', says a...

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IANS 18 December 2023
The Lok Sabha was on Monday adjourned till Tuesday 11am amid uproar by the Opposition MPs (members of Parliament) after suspending a total of 33 MPs winter session. including Leader of Congress in the House Adhir Ranjan Chowdhury for the remainder of the winter session.   The Lok...

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IANS 15 December 2023
The State Bank of India (SBI) has hiked its base rate of lending from 10.10 per cent to 10.25 per cent which is likely to lead to an increase in the EMIs of home, auto and personal loans.   The increase in the marginal cost of lending rate (MCLR) of the country’s leading bank now...

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If you have not set values and a design for the kind of life you wish to lead in the corporate world (and outside it), you can end up having very flexible standards. This can even mean no standards at all! As you go up the executive ladder, keep looking around you at the people who have...

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IANS 13 December 2023
In a major development in the Mahadev Online Books betting money laundering case, one of the owners of the app, Ravi Uppal, has been detained by the Dubai police in UAE, sources said.   The sources said that Mr Uppal has been detained on the basis of the Red Notice issued against him...

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Moneylife Digital Team 11 December 2023
While upholding an order passed by the Punjab state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) directed Reliance General Insurance Co Ltd to pay Rs11.11 lakh death claim with 9% interest and compensation to the mother of the deceased...

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