Credit Card Base

Tax liability in simple words is a cumulative amount of money that is charged over the years to your winnings. The tax is generally calculated based on your income and must be paid to the government. Fiscal management becomes a bit difficult for some people, so the help of tax debt specialists is so important. If you want to avoid accumulating of tax debt, it is better to transfer your money to certain tax debt relief agencies that manage the accounts and pay taxes in a timely manner on your behalf.

In some cases, people try to manage taxes by their own and pay the amount to the government. If the debt amount is too high, then the agencies can seize your property to settle the debt. Take some steps to avoid the debt accumulation.

The first and most important thing you need to do to get out of debt is to determine the exact amount of debt you have. Full Article…

“We have started balancing our portfolio from last year” (to garner more traditional products).

“The company’s focus is to achieve a well–balanced product mix, which is evident in the current share of traditional products. The share of traditional products has moved from 8-10 per cent to over 30 per cent in the recent past,” (and will move up further).

“We are looking to diversify our product portfolio. It may take some time, but the ideal mix will be 50:50. ” 

These are the brave words from CEOs of few private life insurance companies.

They are reacting to the impact of slowdown in the collection of first year’s life insurance premium after the new ULIP guidelines kicked in from September 1, 2010. The new regulations led to drastic reduction in the commissions on the ULIPs and the sale of ULIPs fell precipitously as the distributors found the new commission structure unremunerative. Overall first year

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All of us have heard about God but only a few have experienced the miracles which can be attributed to his presence. Same is the case with National Pension Scheme (NPS), many of us have heard about it but only a few know as to how it works.

On the basis of mails received from the readers on previous article on NPS in the columns DNA dated 15^th June 2011, I have realized that though lot of people have heard about the NPS, but not many are aware how it functions and more importantly how to open a NPS account.

In this piece I have discussed about taking the first step towards opening your NPS account.

Who can open the NPS account?

Any individual who is a citizen of India can open account under NPS. So an NRI who has retained his Indian Passport can also open this account.

Full Article…

Considering the reader’s response to my previous  articles on NPS, which appeared in the columns of DNA.,  I could gauge the general curiosity of the readers in knowing more about NPS. Through this article I have attempted to satiate the curiosity of those readers who want to know more about the options and operations of the accounts opened under NPS. When the NPS was introduced a few years ago, a person was required to open only one account. But now to give flexibility to the account holders under NPS, the Government introduced an option to open one additional account under NPS along with his main NPS account. The main account to be opened under NPS is called as Tier I account and the additional account to be opened which is optional is labeled as Tier II account.

Tier I account:
This is the main NPS account where your deposits get accumulated till you reach the age of retirement which is 60 years for NPS. Thi

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Now everybody has one or more credit cards. But not everybody really understand how to use them. Some credit card holders only know how to spend on their credit cards before the credit limit. Users put in practice credit cards only for purchases and bill payments. You can find all functions at the online chase credit card site. Other users are too afraid to use their credit card. You should know how to protect your credit cards.

You need to know some things about using credit cards. The first thing is that every time you use your credit card for payment, you borrow the money from one person. Full Article…

Now that you know about the much discussed National Pension Scheme, you must be wondering how your money will be utilized by the selected Pension Fund Managers so that you are able to accumulate good sum of money to buy an annuity when you reach the age of 60. For the benefit of those readers who are curious to know what are the options available to them with regard to class of assets for choosing their investments.

In my series of articles on NPS, the last article ( DNA Dt. 28th June 2011) I had discussed Tier I and Tier II accounts, Tier I being the main NPS account and Tier II akin to savings account.

For both – Tier I & II  accounts, you have the option to choose your composition of investments. Th

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Global customer acceptance for mobile money transactions would require another four years or so, said a report by KPMG.

A survey by the global consultant of nearly 1000 executives from different sectors showed that 83% of them expected mobile money to gain acceptance in four coming years.

However, KPMG’s personal view says that the system would catch up faster than the time anticipated in the report.

“We believe that exploding smartphone growth and myriad opportunities will grow mobile payments at a much faster rate than our respondents anticipate,” KPMG Global Chair of the Technology, Communication and Entertainment, Mr Gary Matuszak, said.

“A wide variety of payments is ready for adoption, as several key players already provide or are rolling out mobile payments, and interest among consumers in utilising mobile payments is growing in line with the industry’s readiness to deploy them,” he added.

“There is a consensus on the significant value of this opportunity among executives across geographies and industries, but the type and size of opportunity varies between the developed and developing countries, depending on the depth and reach of the financial infrastructure in place,” Mr Matuszak said.

“We believe that firms willing to engage in cross-industry partnerships, are more likely to succeed and dominate the market due to the complex set of business relationships, required to deliver mobile payments to a mass market,” he added.