What is reverse mortgage?
Increased life expectancy has lead to the increase in the costs of living and medical expenses. This makes it difficult for many senior citizens that lack a regular income to live a life of dignity.
Posts Tagged ‘Government Of India’
A Layman’s Guide To Reverse Mortgage
November 25th, 2011 
Malvika 
Posted in Personal Finance 
Tags: Bank Of India, Government Of India, Housing Loan, India State, Interest Costs, Layman, Life Expectancy, Lump Sum, Medical Aid, Medical Expenses, Minimum Period, Monetary Value, Price Fluctuations, Property Values, Reserve Bank of India, Residential Property, Reverse Mortgage, Senior Citizen, Senior Citizens, Union Government 
Comments OffNew Law to benefit home buyers
November 14th, 2011 Ziaulla Namani Registration of builders, adherence to approved plans and refund of money in cases of default will become mandatory under a new law that the Government plans to bring in to usher in “accountability and transparency” in land selling and housing transactions.
Posted in News Tags: Adherence, Chief Ministers, Credit Guarantee, Draft Bill, Government Of India, Guarantee Support, Housing Loans, Immovable Property, Lakh, Lending Institutions, Low Income Housing, Necessary Documents, Party Guarantee, Poverty Alleviation, Promoter, Real Estate Sector, Registration Certificate, Regulatory Authority, Union Minister, Urban Poverty Comments OffHow to increase fixed income?
January 28th, 2011 Malvika
Inflation and the rising coast of the basic necessity items in the year 2010 have made the common man to struggle and adjust with the available finance.
Posted in NRI Banking, NRI Investing Tags: Anup, Attractive Investment, Bajaj Capital, Bank Deposits, Bhaiya, Credit Guarantee Corporation, Deposit Insurance, Employee Provident Fund, Employees Provident Fund, Employees Provident Fund Organisation, Government Of India, Group Ceo, Indian Postal Department, Investment options, Lakh, Money Honey, National Savings, Ppf, Public Provident Fund, Retirement Benefit Comments OffBusiness of gifting flowers – booming future in floriculture
February 15th, 2010 Malvika Floriculture is one of the booming sectors. As we know that India is known for its rich festivals, cultures, traditions, and customs. Even the popularity of valentine day is increasing day and day, so today on any occasion people prefer to give flowers rather than other gift items.
Posted in business Tags: American Communities, Bouquets, Civilization, Crore, Crores, Farmers, Floriculture Industry, Flower Garden, Global Market, Government Of India, Green House Effect, Import Rate, Maharashtra, Maharashtra India, Market Flowers, Medicines, No Men, Peace And Harmony, Peak Seasons, Peasant, Perfumes, Refinement, Sectors, Traditions And Customs, Valentine Day Comments OffBest investment option for senior citizen to earn regular income
February 9th, 2010 Tushar Mathur Whether a person is employed or approaching the retirement age, everyone searches for investment avenues which are safe and can offer regular income. Although one can find various schemes of investment but security of money is most important factor.
Posted in business, india, News, NRI Banking, NRI Investing, Personal Finance Tags: Fixed Deposits, Fixed Income Instruments, Fixed Rate, Government Of India, Income Tax Act, Interest Income, Investment Avenues, Investment Option, Needs Of Senior Citizens, Nsc, Ppf, Rate Of Return, Retirement Age, Retirement Scheme, Rs 1, Savings Scheme, Scss, Senior Citizen, Shortfall, Tax Deducted At Source Comments OffThe benefits in tax for NRIs in Budget this year
February 7th, 2010 Malvika The Finance Minister has announced an increase in income tax exemption of Rs 10,000. This includes the Indian citizens as well as the NRIs. He also announced hike in Rs15, 000 for the senior citizens.
Posted in News Tags: 10 Million, Compulsory Participation, Double Taxation, Fillings, Finance Minister, Forex Investments, Government Of India, Heart Burn, Income Tax Exemption, Indian Citizens, Indian Communities, Indian Passport, Inr, Nris, Paying Taxes, Personal Income Tax, Purview, Remittances, Senior Citizens, Surcharge Comments OffWill UPA government hike the fuel price?
July 8th, 2009 Invest In India The UPA government may keep its option open to raise the fuel prices. The price of the crude in the international market has been increasing and considering the interest of the oil companies the government may declare hike in the petrol and diesel price.
Posted in Personal Finance Tags: August 7, Budget Session, Crude Oil, Crude Price, Crude Prices, Diesel Price, Fuel Price, Fuel Prices, Full House, Global Factors, Government Of India, India Government, Indian Economy, Minister Of India, Oil Companies, Opec, Options, Petrol, Petroleum, Price Hike, Psus, Slowdown Comments OffGovt. to declare more stimulus packages?
June 28th, 2009 Invest In India The Government of India may come up with more stimulus packages for various sectors. In order to give relief to various sectors the government may declare the stimulus packages in the budget.
Posted in Economy Tags: Bank Of India, Coal India Ltd, Coal Miner, Disinvestment, Economic Slowdown, Economists, Eight Months, Global Economic Crisis, Global Financial Crisis, Global Slowdown, Government Of India, India Economy, Inflation, Jaiswal, Manufacturing Sectors, Moth, Public Sector Banks, Public Sector Undertakings, RBI, Reserve Bank of India, Stimulus Comments OffGovernment plans for modernization of PSUs
June 24th, 2009 Invest In India The government of India plans for the modernization of Public Sector Undertakings (PSUs). The Steel Minister, Virbhadra Singh told media that his ministry would spend Rs 70,000 crore for the modernization of and expansion programmes of three PSUs – Steel Authority of India Limited (SAIL), Rashtriya Ispat Nigam Limited (RINL) and National Mineral Development Corporation Limited (NMDC).
Posted in Economy Tags: Cascade Effect, Dr Manmohan Singh, Global Economic Crisis, Global Slowdown, Government Of India, India Plans, Ispat, Manmohan Singh, Mineral Development, Mt Steel, Nigam Limited, Progressive Alliance, Public Sector Undertakings, Rinl, Steel Authority Of India Limited, Steel Producers, Steel Production, Steel Sector, Target, Virbhadra Singh Comments OffUPA Govt. to focus on ways to reduce fiscal deficit
May 20th, 2009 Tushar Mathur The Congress led United Progressive Alliance (UPA) got the mandate in India. The UPA will form the government in India. Now the big challenge in front for the newly to be formed UPA government is to strike a balance between need for fiscal stimulus and fiscal measures.
Posted in Economy Tags: Cr Loan, Economic Relation, Economists, Excise Duty, Favorable Policies, Fiscal Deficit, Fiscal Measures, Fiscal Stimulus, Global Slowdown, Governm, Government Of India, Indian Economy, Left Parties, Mandate, Policymakers, Private Sectors, Progressive Alliance, Rajiv Kumar, Upa, Waiver Package Comments OffIndustrial output declines 2.4 per cent in March 2009
May 18th, 2009 Tushar Mathur Industrial growth rate in India has been decreasing for last two months. In March the industrial growth – index of industrial production (IIP) was decreased to 2.4 percent against 8.5 recorded in March 2008.
Posted in Economy, india Tags: Bank Of India, Economic Advisory Council, Economic Challenges, Extra Money, Global Financial Crisis, Government Of India, Growth Index, Iip, Indian Economy, Intermediates, Last Two Months, Liquidity Crisis, Manufacturing Sector, Marginal Growth, Month Of March, Reserve Bank of India, Sixteen Years, Stimulus, Suresh, Tendulkar Comments OffAfter Nano Car its time for Tata’s ‘Shubh Griha’ – the Nano Housing Project
May 11th, 2009 Tushar Mathur Tata has launched its dream car project – Nano in India, which drawn the world attention. Now the company comes up with a low cost housing project – Shubh Griha.
Posted in News Tags: Bank Of India, Capital Of India, Car Project, Cup Of Tea, Global Slowdown, Government Of India, Housing Loan, Housing Loans, Housing Projects, Indian Banks Association, Loan Scheme, Low Cost Housing, Low Cost Housing Project, Public Sector Banks, Ray Of Hope, Reserve Bank of India, Second Most Populous City, Shubh, Time India, World Attention Comments OffAssociation of Mutual Funds in India (AMFI)
October 16th, 2008 Tushar Mathur With the increase in mutual fund players in India, a need for mutual fund association in India was generated to function as a non-profit organisation. Association of Mutual Funds in India (AMFI) was incorporated on 22nd August, 1995.
AMFI is an apex body of all Asset Management Companies (AMC) which has been registered with SEBI.
Posted in india, News Tags: 22nd August, Amc, Amcs, Amfi, Apex Body, Asset Management Companies, August 1995, Bank Of India, Capital Markets, Class Business, Directors Association, Government Of India, Indian Mutual Fund, Intermediaries, Mutual Fund Industry, Mutual Fund Schemes, Mutual Funds, Profit Organisation, Reserve Bank of India, Sebi Comments OffOlder mutual funds mean better returns?
July 7th, 2008 Tushar Mathur 
Keeping an eye on daily finance news and tips, I’ve realized something: of late, many companies have set up mutual fund houses in order to capitalize on India’s booming economy.
Posted in Companies, Mutual Funds, NRI Investing, Personal Finance Tags: Bank Of India, Birla, Debt Instruments, Equity Funds, Fidelity, Finance News, Franklin Templeton, Fund Offerings, good returns, Government Of India, Guaranteed Return, happy with returns, HDFC, High Interest, Indian Mutual Fund, Laggards, Mangum, Mutual Fund Business, Mutual Fund Industry, old mutual funds, SBI, State Bank, State Bank Of India, Stock Market Instruments, Trust Of India, Unit Trust Of India, UTI Comments Off
Stable Monthly Income from Cash
Yesterday, my parents, who are visiting us from India asked me, that since I write about Personal Finance and Investments for USA and India, what would be a safe investment vehicle to earn a monthly income from their cash reserves.
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