Top Defaulters
August 28, 2014 Leave a comment
So now what do you think of the competence and/or honesty of our bankers? Read more of this post
Make Your Will Online
August 27, 2014 Leave a comment
NSDL e-Governance Infrastructure and Warmond Trustees and Executors have gotten together now to offer will-making services to the masses through their website EzeeWill.com.
India witnessed an exponential rise in the number of rich people following the economic boom that started in early 2000 and continued for more than seven years. The recent economic revival after the slowdown for more than five years is likely to boost disposable incomes, leading to a growing demand for succession planning.
NSDL, which maintains pension accounts of over 70 lakh Indian citizens apart from depositories like tax information network, is managing the online infrastructure to submit relevant data, while Warmond has engaged a panel of lawyers to study the data and prepare the wills for all communities across India.
The cost of making a will through this new online channel will be Rs. 4,000, whereas a traditional form of will-making through lawyers will cost anywhere between Rs 25,000 and Rs.1,00,000.So this initiative makes available a proposition at one-fifth the cost even at a lower-end.
Nirmal Singh Bhangoo And PACL
August 27, 2014 2 Comments
In just over 30 years, Nirmal Singh Bhangoo, the man behind Pearls Agrotech Corporation (PACL), which has been asked to return Rs 49,000 crore to its investors by Sebi by November this year, has metamorphosed from a milk seller near the Attari border in Punjab to the owner of 1.83 lakh acres of land around the country.
Bhangoo’s story is similar to that of Sahara group’s Subrata Roy. Both run business empires whose functioning is opaque. They rub shoulders with politicians and filmstars; have real estate projects and own hotels and make no bones about their wealth. Roy has hotels in New York and London. Bhangoo has bought a hotel in Australia’s Gold Coast and has built hundreds of homes in Brisbane.
Both have interests in sports -PACL has sponsored IPL teams and Kabaddi tournaments, while Roy sponsored the Indian cricket team and owned an F1 team and the Pune team in the IPL.Both run news channels and their businesses are in the hands of a few trusted men, mainly family members.
The Sahara chairman is currently behind bars, and has been asked to return Rs 24,000 crore (now Rs 37,000 crore with interest) to investors. In the coming months and years, PACL’s promoters may face a legal battle to avoid a similar fate.
Bhangoo has battled the stock market watchdog’s jurisdiction for 16 years while building a conglomerate of considerable size. The crux of Sebi’s case is that PACL is a collective investment scheme (CIS) that ought to be shut down. Read more of this post
The Best Value Automobiles
August 27, 2014 Leave a comment
Safety, fuel economy, utility, comfort and price are all serious factors to take into account when deciding the best value automobile. In addition, the amount that the vehicle will be worth once the owner has moved is a good way to judge value. After all, second hand automobile buyers are unlikely to go for a vehicle that is more trouble than it is worth. So a great way to decide on a good value automobile is to follow the Kelley Blue Book’s Best Resale Value Awards :Link
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