March 9, 2010 in Finance by admin
Rajasthan Budget 2010-11 Highlights Important Points Feature List
Rajasthan Budget 2010-11 Highlights Important Points Feature List: The highlights and important points of the Rajasthan 2010-2011 is being listed below.
Rajasthan Budget 2010-11 Highlights:
- Movie in theater, Solar equipments, Marble, Rudraksha, Food in hotel and restaurant, Two wheeler (Below 100 cc) will be cheaper.
- Four wheeler (Above 2.5 Lakh), Two wheeler (More than 100 cc), Urban Electricity will be costly.
- Urban development in State will have an allocation of 400 Crore.
- Water supply schemes will be allocated 777 Crore and 12 crore will be allocated for drinking water.
- Ration for BPL Families will be provided at 2 Rs/Kg.
- Pay of NAREGA Sahayak will be increased to from 2500 to 3500.
- Pension for Old persons will be increased. It will be750 Rs for 75 Year and more and 500 for below 75 year age.
- Pay of Nurses, MNS and Lab technicians will be increased.
- Widows, pensioners and handicapped people will be provided with free medical facility. 150 ambulances will be bought to strengthen medical facilities.
- 11424 Crore for energy development.
- 1851 crore for Road development.
- Trauma center will be set up for Jalor, rajsamand and dausa
- ITI Colllege at Each panchayat samiti to increase skilled worker.
- Three lakh Mitrik Ton DAP for farmers.
- Free land to ISRO in Jodhpur.
More updates on the Rajasthan Budget 2010 will be posted on this website. Please feel free to post your comments and queries below.
Popularity: 1% [?]
March 5, 2010 in Finance, News India by admin
Karnataka Budget 2010 Highlights: Important Points of Karnataka State Budget
Karnataka Budget 2010 Highlights (Important Points of Karnataka State Budget 2009-2010): Here are details on Karnataka Budget 2010 Highlights and important points listed in bullets.
Karnataka State Budget 2010 Highlights:
- 1000 new Industrial Training Institutes (ITI) to be opened under Public Private Pratnership (PPP )in rural areas.
- Sanskrit University in Bangalore
- Rs 25 cr for improving roads in Coorg
- Rs 425 cr to develop new areas under BBMP
- Rs 250 cr for widening of all state highways
- 4 lane highway between Hubli – Dharwad at the cost of Rs 50 cr
- Better drainage system promised for Bangalore
- 1 per cent Hike in VAT from the next Financial year
- Rs 2 cr allotted for Solar Lamp subsidy
- Industrial Export center at Mysore
- Rs 3000 cr for development of roads and flyovers in Bangalore
- 13 pc Tax on vehicles priced above 5 Lakhs
- 15 pc Tax on Tobacco products
- Rs 15,440 crores for Steel Zone in Bellary
- Toll of Rs 500 on heavy goods vehicles entering the state
- Life time tax on two wheelers raised from 8 per cent to 10 per cent
More on Karnataka Budget 2010 will be posted soon on this website. You can also visit the Kanataka State Government website for more details on the same.
Popularity: unranked [?]
March 5, 2010 in Finance by admin
Kerala Budget 2010 Highlights Details: Kerala Budget Latest Updates March 2010
Kerala Budget 2010 Highlights Details (Kerala Budget Latest Updates March 2010): The highlights and details of the Kerala Budget 2010 is given below in bullets:
Kerala Budget 2010 Highlights:
- Rice will be available at Rs.2 per Kg for traditional sector workers. Rs.500 crore has been allotted for this
- Increase in welfare pensions. Hiked to Rs. 300 a month. Any one helper of the disabled can also avail the pension
- Rs.17 crore for LNG terminal in Kochi to be commissioned in 2012
- Rs.1000 crores for regenerating the forests, of which Rs.100 crore for planting trees.
- Rs.1500 crore to be invested for CFL lamps for saving power
- Increased assistance for marriage for SC and ST women and more assistance to Kudumbasree.
- Police circle offices to be women-friendly.
- Farmers losses will be compensated to forbid suicides
- Agricultural sector allocation – Rs. 622 crore
- New allowances were announced for SC and ST students.
- The health insurance scheme would be expanded.
- Luxury tax for DTH
- 67 crores for National Games
- UGC scale salary for college lecturers from March
- 139 crores for Tsunami rehabilitation
- Surcharge removed; stamp duty relaxed
More updates on the same will be posted soon on this blog.
Popularity: unranked [?]
March 1, 2010 in Finance by admin
Paypal India IEC Code: How to get Paypal India Importer Exporter code for Paypal Withdrawal
Paypal India IEC Code (How to get Paypal India Importer Exporter Code for Paypal Withdrawal): Since the PayPal is going to start requiring IEC code for money withdrawal; you must be wondering how to get this IEC Code or Importer Exporter Code.
To know about how to get Importer Exporter Code: Click Here
You can find all the details there. Please do feel free to post your comments below. If you have any query, post them below so that other visitors can help.
Popularity: 1% [?]
February 24, 2010 in Finance by admin
Paypal India Money Withdrawal Methods: Ways to withdraw Money from Paypal India
Paypal India Money Withdrawal Methods (Ways to withdraw Money from Paypal India): So after the Paypal India problem, people are confused how to withdraw money from their personal paypal accounts. So, here I have drafted some working methods to withdraw money from paypal.
- Through Paypal India Check: Paypal money can be withdrawn through Paypal Check in Indian Rupees. The check will take some 20-45 days to arrive in Indian cities and it usually comes in Citibank Check in INR
- Through VCC or CC: If you have savings account in HDFC, ICICI etc, then you can use a VCC generated through your account to withdraw money directly from Paypal into your Savings Account (through the VCC). You can also use a CC in the same manner. It takes some 4-5 days to be reflected into your account and paypal charges some $5 for the process.
- Through Xoom: You can use Xoom to transfer money from Paypal to your savings account in Indian Bank. It takes some 1-5 days for the funds to be available in your account. The Xoom fees can be checked from here.
There are some other options and I will be updating this post ASAP. Please let me know if you know of any other method to withdraw money from Paypal to Indian Bank. Thanks.
Popularity: 1% [?]
February 18, 2010 in Finance, News India by admin
REC FPO latest news: REC FPO Price Rs 203 Issue Date Details Updates Buy Online
REC FPO latest news (REC FPO Price Rs.203 Issue Date Details Updates Buy Online). REC FPO details (Rural Electrification Corporation Ltd FPO) can be found below:
- Issue Period: February 19– February 23, 2010
- Floor Price: Rs.203/- for Retail and HNI category.
- Lot Size: 30 Shares and Multiple of 30 shares
- Registrar: Karvy
- Issue: 171,732,000 Equity Shares of Rs.10/- each
- Net offer to Public: 171,382,000 Equity Shares
- QIB Book: 85,691,000 shares (50% of Net issue size)
- Retail Book: 59,983,700 shares (35% of Net issue size)
- HNI Book: 25,707,300 shares (15% of Net issue size)
- Employee Reservation is 3,50,000 Eqty Shares
More details will be posted soon. Please post your queries and comments below.
Popularity: 1% [?]
February 18, 2010 in Finance, News India by admin
United Bank of India IPO News: UBI IPO Latest Updates (Raise 3.3 Billion INR)
United Bank of India IPO News: UBI IPO Latest Updates (Raise 3.3 Billion INR): In the latest IPO news, the United Bank of India IPO has raised 3.3 Billion Rupees. You can read the latest news on this from the link given below:
To read the latest news on United Bank of India IPO: Click Here
More updates on Finances coming up on this blog. Please feel free to post your comments below. If you have any latest updates on the topic, please feel free to post them here for everyone to know. Cheers.
Popularity: 1% [?]
February 13, 2010 in Finance by admin
Axis Bank Customer Care Number: Axis UTI Bank Costomer service Number Non Toll Free
Axis Bank Customer Care Number (Axis UTI Bank Costomer service Number Non Toll Free): Below you can find Bangalore, Ahmedabad Axis Bank Customer Care Numbers.
- Bangalore Axis Bank Customer Care Number: 25317830
- Ahmedabad Axis Bank Customer Care Number: 26563232
Other Cities Axis Bank Phone Banking Numbers:
- Bhopal 2579009
- Bhubaneswar 2572955
- Chandigarh 2620489
- Chennai 28123888
- Gurgaon 2309447
- Guwahati 2341818
- Hyderabad 23418888
- Jaipur 2228866
- Jammu 2471156
- Kolkata 22839971
- Lucknow 2230857
- Mumbai 25260501
- New Delhi 23736555
- Patna 2205810
- Shimla 2627711
- Thiruvananthapuram 2558588
Please feel free to post your comments and queries below.
Popularity: 1% [?]
February 12, 2010 in Finance by admin
February Xoom Coupon Code: Xoom Fee Discount Free Transfer Coupon Code for February 2010
February Xoom Coupon Code (Xoom Fee Discount Coupon Code for February 2010): For February 2010, here are coupon codes which are still working for discount on money transfer fee. They have been tested and found working.
February 2010 Xoom Coupon Code:
- XOOMONETIMER
- XOOM2010
If you know any other coupon code which are still working on Xoom.com, please share them hear.
PS: I personally feel that the fee amount Xoom is charging is quite OK and we should pay it without any worries considering the service they are providing. Their service is very good and you will be very satisfied with them.
Popularity: 2% [?]
February 12, 2010 in Finance by admin
Xoom Coupon Code: Latest Xoom Coupon Code for free money transfer fee India
Xoom Coupon Code (Latest Xoom Coupon Code for free money transfer fee): Latest Xoom Money tranfer coupon code to wave the transfer fee (free money trasfer) are given below.
- XOOMONETIMER (Tested and Working)
- XOOM2010 (Tested and working)
- XOOMFREE (Not yet tested)
- NEXT1FREE (Not yet tested)
More Xoom coupon codes will be posted soon. We will also test these codes and verify if they are still working and let you know the updates.
Popularity: 2% [?]
February 9, 2010 in Finance, General by admin
LIC Wealth Plus Plan 2010: LIC Wealth Plus Plan Introduced 2010
LIC Wealth Plus Plan 2010: LIC Wealth Plus Plan Introduced.LIC’s Wealth Plus is a unit linked insurance plan that safeguards investment from market fluctuations, so that investments are protected in financially volatile times. This plan will be available for sale for a limited period.
In this product there is a Guarantee of the highest NAV recorded on a daily basis, in the first 7 years of the policy, subject to a minimum of Rs.10. This means the payment at the end of the policy term will be based on highest Net Asset Value (NAV) recorded over the first 7 years of the policy, or the NAV as applicable on the end of the policy term, whichever is higher. The guarantee will be applicable only for payment made at the end of the policy term irrespective of any partial withdrawals made during the policy term. The period of 7 years starts from the date of commencement of policy
Minimum Age at entry is 10 years (age last birthday) while the Maximum Age at entry is 65 years (age nearer birthday).
A unique feature of the Plan is the extended life cover for 2 years after the completion of policy term of 8 years. One can choose the level of cover within the limits, which will depend on one’s age whether the policy is a Single premium or Limited premium contract and on the level of premium he/she agrees to pay. In case of death during the policy term, the nominee shall receive Sum Assured under the basic plan together with the Policyholder’s Fund Value as death benefit. In case of death of the Life assured after the policy term, but before the expiry of extended period, the nominee shall receive the Sum Assured under the Basic Plan.
The premium can be paid either in a Single lump sum or for 3 years regularly at yearly, half-yearly, quarterly or monthly (through ECS mode only) intervals. Minimum Premium for 3 years Premium Paying policies is Rs [20,000] p.a. whereas for Single premium policies it is Rs. [40,000] p.a. For Monthly (ECS) mode the minimum premium is Rs [2,000] p.m.
Premiums paid after allocation charge will purchase units of the Fund. The Unit Fund is subject to various charges and value of units may increase or decrease, depending on the Net Asset Value (NAV).
Accident Benefit Option equal to the amount of life cover subject to minimum of Rs. 50,000 and maximum of Rs. 50 lakh is available subject to certain limits and conditions. Accident Benefit charge at the rate of Rs. 0.50 per thousand Accident Benefit Sum Assured per policy year will be levied every month.
The policy can be surrendered only during the policy term. The surrender value, if any, is payable only after the completion of the third policy anniversary both under Single and 3 years Premium Paying Term contract. The surrender value will be the Policyholder’s Fund Value at the date of surrender. There will be no Surrender charge. The policy can not be surrendered during the extended life cover period.
Two Partial withdrawals are allowed in a policy year subject to certain conditions. Top ups are not allowed.
If the policyholder is not satisfied with the “Terms and Conditions” of the policy, he may return the policy to LIC within the Cooling off period of 15 days.Source: MoneyControl.com
Popularity: 6% [?]
February 6, 2010 in Finance by admin
Paypal Reversal Problem: Paypal India Payment Reversal Problem
Paypal Reversal Problem (Paypal India Payment Reversal Problem): Paypal has reversed all “To” and “From” Personal Payments from India very recently. The paypal reversal problem has made many people angry. I have personally sent an email to paypal regarding this problem but I haven’t got a formal reply as of yet. But I have some good information on MoneyLife about the issue and below I have quoted the same for your reference.
According to a reports from techcrunch.com, Anuj Nayar, director for global communications at PayPal had said, “I can confirm that personal payments to and from India have been suspended while we address some questions from our business partners. You can still make commercial payments. We’re trying to resolve the situation as quickly as possible and we’re sorry for any inconvenience this may cause.”
Last year in November, the Indian government had issued a notification (No No.13/2009/F.No.6/8/2009-ES dated 12 November 2009) for prevention of money laundering. Under this notification, the Reserve Bank of India (RBI) has asked all banks and financial institutions to maintain proper record of all transactions and verify identity and address of a non-account based customer or a walk-in customer.
Payments to and from PayPal to its account users in India may also involve the foreign exchange maintenance act (FEMA) that has been under a cloud over the black money issue. On Friday, many renowned personalities had filed another petition in the Supreme Court seeking a direction to the Indian government to bring back unaccounted black money to the tune of around Rs65 lakh crore (Rs65 trillion) stashed away in banks abroad.
Although PayPal provides money transfer service to and from India, neither the company nor its account holders pay any tax on the transaction. When Moneylife contacted the RBI to know about the PayPal issue, an official said,”We have no idea why this is happening. PayPal doesn’t come under RBI’s purview.”
The question is then how can the country receive money, in foreign currencies, without any accountability and supervision? Some of the comments on techcrunch.com also say that many Indian account holders ask their payee to make the payment as a ‘gift’ rather than payment for services to avoid PayPal fees. One such comment said: “A lot of business must be transacted in India via PayPal—business done with personal transactions. So a money-hungry Indian government is aggravated at some perceived revenue loss (taxes, customs, etc.) and (has) put pressure on PayPal to stop the payments either directly or indirectly.”
Popularity: 2% [?]
January 29, 2010 in Finance by admin
Current CRR Rate after CRR Hike: Latest Case Reverse Ratio Rate (Current Reverse Repo Rate)
Current CRR Rate after CRR Hike (Latest Case Reverse Ratio Rate – Current Reverse Repo Rate): After the hike of 75bps in the CRR (Case Reverse Ratio) by the RBI, the current CCR Rate is 5.75 percent.
The CRR or Case Reverse Ratio Rate hike of 75bps will be done in 2 stages – first by 50bps and then by 25bps. The first CCR hike will be effective from 13th February and the second CRR hike will be effective from 27th February, 2010.
The current Reverse Repo Rate is 3.25 percent and the current Repo Rate is 4.75 percent.
More news on the RBI CRR Hike will be posted here on this blog. Please visit back and stay updated.
Popularity: 1% [?]
January 29, 2010 in Finance, News India by admin
CRR Hike: Cash Reserve Ratio hike 75bps Reverse Repo Rate No change News Updates CRR current rate 5.75
CRR Hike (Cash Reserve Ratio hike by 75bps, Reverse Repo Rate No change – News Updates): RBI has hiked CRR or Cash Reserve Ratio by 75bps while keeping Reverse Repo Rate and Repo Rate with no change.
Here is the Cash Reserve Ratio hike news from TaxGuru:
BI has increased cash reserve ratio by 75 bps to 5.75 Percent , the hike would happen in two stages, the first stage of hike of 50 bps will be effective from February 13 and the next 25 bps from February 27. RBI has not touched the the reverse repo rate which is at 3.25 percent and repo rate which is at 4.75 percent. CRR hike would suck out Rs 36,000 crore liquidity from the system.
This policy is the first major move to mark the reversal of the easy money policy adopted since October 2008. A CRR hike has not come as a shocker for markets as the same has largely been factored into expectations.
Popularity: 1% [?]
October 29, 2009 in Finance, General, News India by admin
Jeevan Nischay new LIC offer: Jeevan Nischay from LIC single premium plan
Jeevan Nischay new LIC offer,Jeevan Nischay single premium plan from LIC. Jeevan Nischay plan is a new offer from LIC which is a little similar to Jeevan Astha which is also from LIC.
According to this new plan, an investment of 1 lakh would mature into 1.7 lakhs after 10 years. But the exact policy details will be known only when the poliy is launched which is somewhere around March 2010.
The policy will be availaible to only existing policyholders of LIC.The policy covers only the mandatory five times of the premium amount for the first year of insurance. For subsequent years, the sum insured will be equivalent to the premium paid.
Given that LIC’s reputation in India is really high and consumer’s trust LIC a lot, this plan also is likely to be very successful.
Popularity: 1% [?]