RICH INVESTING iDEAS

  ₹  10 Rs Coins are Valid, as legal tender - RBI   The Reserve Bank of India (RBI) reiterates legal tender status of   ₹  10 Rs Coins of different designs and valid. so, the RBI says that public can continue to accept the 10 Rs coins as legal tender.   The reason for the reiteration, that in certain places there is reluctance on part of traders and members of public to accept   ₹  10 Rs Coins due to suspicion about their genuineness.   The RBI also clarified that puts into circulation, the coins minted by mints, which are under the Government of India.These coins have distinctive features to reflect various themes of Economic, Social and cultural values and are introduced from time to time.   Up to now, there are 14 designs are issued in  ₹  10 Rs Coins, so in the market for public have 14 different designs of  ₹  10 Rs Coins. All these coins are legal tender and can be accepted for the transactions.   Previously, the RBI also issued a press release on November 2016 , r

CPI Retail Inflation rises to 5.21 % - December 2017   The Central Statistical Office(CSO) recently reported the Consumer price index (CPI) retail inflation for India, its rises to 5.21 % in the month of December 2017.    India's retail inflation for december 2017 is at 5.21 percent, and for the November at 4.88 percent, the october had its 3.58 %.   The current inflation of December as it had the 17 month high, since in the mid of august, 2016.   Food and beverages stood at 4.85 %, Clothing and footwear at 4.8 percent, and the housing, energy with 8.25 percent and 7.90 % respectively.   Earlier, the Reserve Bank of India's (RBI) expected inflation for the second half of the financial year 2018, is between 4.3 to 4.7 percent. But it had crossed the expectation mark.   So, may the RBI changes the rates in the upcoming policy meeting. The next meeting for the policy will held on February 7, 2017.   As the RBI's expectation is not well, but the SBI said, i

Infosys net profits at 38 % - Q3FY18 Result   Infosys - one of the Indian IT giant announced its Quarterly result (Q3FY18) this week with a remarkable 38 % Net profit as compared to last quarter for the financial year 2017-18.   The second largest company in the IT industry after TCS (Tata Consultancy services), had earned a net profit of Rs. 5129 Crores for the Q3 (Oct - Dec' 2017), with a margin of 38 percent plus.   The New CEO of the infosys, Salil Parekh said that the results are consistent at 8 % growth for the past few years and the recent quarter gives the strength to the concern.   The Revenue had with the 1.3 percent growth to Rs. 17,794 Crores. Tax expenses provision also reduced to Rs. 144 crores on QoQ, previously with Rs. 1,471 crores.   Recent quarterly result growth mostly comes from the Retail, Energy, Logistics, Telecommunication. Also the growth slow down to the Financial and Insurance services to 0.3 percent.               Kindly share your views

  IRDA Claim settlement ratio 2017   IRDA (Insurance Regulatory and Development authority of India) declared the annual report for 2017 (2016-17) in their website recently (Jan 4, 2018), LIC India tops in the list of insurance companies on claim settlement ratio and related information for 2017.   In the Annual report, LIC India 's claim settlement ratio stands with 98.31 % for the year 2016-17 as listed in the top by IRDA.   The pending complaints of LIC is almost went to zero and the claims repudiated or rejected status at 0.97 %   The unclaimed of LIC reports with 0.31 %  out of total claims. on the other hand, private insurance companies dealt with 0.58 %           Private companies claim settlement ratio at 93.72 % is the lowest as compared with the LIC India and the claim rejected for private at 4.85 % out of the total claims.   These reports are based on the Individual death claims of life insurers and not with the group insurance.   While LIC India hits

Way to plan for the Retirement Modern lifestyle hungers with the Job and Money. Everyone needs and stands with their Retirement. Google.com also responding more for 'Retire Early' than 'Retirement Planning' . So, Retire Early is a kind of word, but plan for the retirement is so important today. As we are growing gradually, but the tech Gadgets and our Expenses are growing rapidly. What about the Retirement Planning ? It is an Obvious plan, ensure that you have a sufficient money or income to meet the expenses, when you are at the stage of retirement. The most common goal for everyone's at their retirement stage is a regular income to meet the expenses, (i.e) Pension or getting a regular cash flow from the created corpus for Retirement. One must go to achieve this, they should Save and Invest. It's not just saving, but Investing it. The Regular savings and Investing at early stage and will give a regular income by the Created Asset or Corpus.     (Image courtes

Online Aadhaar Linking with LIC other insurance products and Mutual Funds Today ( December 15, 2017 ), Supreme Court extends Aadhaar linking deadline to  March 31, 2018 and also note that Aadhaar proof is mandatory to opening a new Bank accounts. Generally, Aadhaar linking process are deal with Bank accounts, Insurance policies and Mutual Fund products, PAN, Mobile numbers. It's a good news on a short term, so we can have a time to update with Aadhaar ( Unique Identity with 12 Digit Random number). We have a different in Mutual fund folios, Banks, Insurance companies, Demat account with brokers, which we chosen or selected. Here we will see some of the products to update Aadhaar linking. LIC (Life Insurance corporation of India) Policies Other Insurance companies under IRDA (Insurance Regulatory and Development Authority) Mutual Fund Products Demat Accounts PAN (Permanent Account Number) 1)  Online Aadhaar linking with LIC Policies:   Go to:    http://www.licind

How to play Rich Dad's Cash flow Classic Game - Step by step idea I heartily loved to play games in the ground as well as on my PC-Mobile, especially with cricket. When i was changing my focus on Personal finance, i searched a lot of games related on finance. I had downloaded few more App games with a word, ' MONEY '. But, it was not filled up my brain. Finally, i got a game which one gives not only entertaining, but also provide the Financial awareness. Rich Dad's CASH FLOW CLASSIC GAME: Already, i had an experience with Robert kiyosaki's RICH DAD POOR DAD book. So, i have a little eager to visit the game. I was noted that the Cash flow game app for mobile costs a little bit (Around  ₹  180 /-) , but the Rich Dad website presents a free ' Cash flow classic ' game for PC. So, i just registered on Richdad.com site and tried it a while. Rich Dad's Cash flow game concept is get addicted, not only as a game - it gives you a detailed knowledge on Personal