For Whom Wealth Matters
February 15, 2013 Leave a comment
Freezing bank accounts is something some State authorities can do in serious cases.However,banks more often use the threat of freezing accounts to strong arm customers. Here are the ins and outs of freezing accounts.
February 13, 2013 Leave a comment
So how does your portfolio compare to the Indian average?
Follow the wisdom of the crowd when it helps,but don’t ignore the out of favour assets.Seize the bargains.
February 13, 2013 Leave a comment
Small wonder that gold prices shot up and gold investment became popular between 2008-2011,huh?Ditto for real estate.
February 10, 2013 Leave a comment
Freak weather incidents are becoming increasingly frequent .This makes farming more risky nowadays.Add to that,modern farming is more capital intensive.So it makes sense to protect one’s investment with crop/weather insurance.
IFFCO-Tokio’s weather insurance is better publicized.But there is one other private alternative: ICICI-Lombard’s Weather Insurance.However the lion’s share of the covers are provided by the Agricultural Insurance Company Of India (AIC).
AIC was incorporated on 20 December 2002 with an authorised capital of Rs. 1500 crore. The initial paid-up capital was Rs. 200 crores, which was subscribed by the promoting companies, General Insurance Corporation of India (GIC) (35%), NABARD (30%) and the four public-sector general insurance companies (8.75% each), viz., National Insurance Co. Ltd., Oriental Insurance Co. Ltd., New India Assurance Co. Ltd., and United India Insurance Co. Ltd. AIC is under the administrative control of Ministry of Finance, Government of India, and under the operational supervision of Ministry of Agriculture, Government of India. Read more of this post
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