Sunday, 27 January 2019
A ready reckoner for 80C tax savers
There can be two possibilities. You're just starting out in your financial life and haven't made any tax saving investments yet under Section 80C. Or you may have been investing for some time. If you in the first category, let's move on to the next sub-head. If you're in the second category, take stock of tax-savings and 80C investments already done. For example, counting your home loan payments, EPF, children's school tuition, and life insurance, you may have existing deductions of Rs 1.2 lakh leaving you just Rs 30,000 under the 80C limit. Let's now look at what you need to do. Have dependents? get life insurance Life insurance is a must for anyone with financial dependents, or anyone repaying loans who wish to pass on debt-free assets to their heirs. If you have neither dependents nor liabilities, you may not need life insurance, so move on to the next point. If you do, you must calculate your life risks and buy an appropriate life cover. The first life cover for any person with dependents should be a term plan with a sum assured ideally 10-20x their annual income and a tenure till at least their retirement age. For example, you're 30 years old, earn Rs 5 lakh a year, and wish to retire at 60, so your minimum sum assured should be Rs 50 lakh for a minimum tenure of 30 years. With insurance out of the way, let's look at investment options under Section 80C. Do you have a risk appetite? Risk appetite can be defined by how much money you can comfortably lose. The higher the risks, the higher the potential for returns. Under Section 80C, you have options that provide you low returns with low risk, and high returns with high risks. If you don't have a risk appetite, move on to the next point. If you have a moderate risk appetite, you broadly have two options. 1) You can invest in ELSS mutual funds. ELSS funds have the lowest lock-in of all 80C investments: just three years. ELSS as a category of mutual funds have provided three-year returns of 8.41 per cent, five-year returns of 18.24 per cent, and 10-year returns of 11.95 per cent. 2) Invest in a ULIP, which mixes insurance and investment. However, as a life cover, it must be secondary to your term plan. Don't have a risk appetite? There are several 'safe' investments under Section 80C. First up, you have a whole set of options in small savings — basically, the government-backed investment options. PPF is the most rewarding option for investors in the general category. Then you have NSC, which is a five-year deposit. Any persons raising a girl child can invest in the Sukanya Samriddhi Scheme. And senior citizens can invest in the Senior Citizens Savings Scheme. Lastly, there is a less tax-efficient alternative to the NSC, which is the five-year deposit. All of these options can be availed at your local bank or post office. Before you initiate any of these investments, be careful about the lock-in period. PPF and SSS have the longest tenures, which means they lack liquidity. However, they also provide triple-exempt returns. * As per the CRISIL - AMFI ELSS Fund Performance Index for March 2018. Past performance does not guarantee future returns. The writer is CEO, BankBazaar.com ... Dailyhunthttps://forum.cyberlink.com/forum/user/profile/415957.page
Karnataka High Court rejects petition for mining near Thimlapura
162, spread across 20 acres at Chinakavajra village. The court observed that the quarry lease area was government gomala land. Further, availability of gomala land in this village was inadequate. The High Court stated the mining lease area was just 540m from the boundary of Thimlapura sanctuary, and there was no provision under the existing rules to grant quarrying lease. The judges observed, "We are not inclined to entertain this petition, particularly when it is noticed that Thimlapura has been one of the sanctuaries taken into consideration by the Apex Court, and specific directions have been issued, that an area of 10km around the area be declared an eco-sensitive zone." Welcoming the High Court's decision, forest officials, experts and activists hoped this order would set a precedent, as mining activities were earlier allowed in sensitive zones near protected areas, which had serious consequences on flora and fauna. Dailyhunthttps://www.plurk.com/zeenkeenveen
Kareena Kapoor Khan, Kangana Ranaut, Aditi Rao Hydari: Fashion hits and misses of the week (Jan 20 - Jan 26)
Needless to say, the actor looked absolutely stunning in it. (Instgram: Priyanka Chopra) HIT: Kangana Ranaut was recently spotted attending an event looking regal as ever in a Raw Mango creation. The actor continued her love affair with sarees in this sheer one featuring gold embroidery on it that was styled with a black blouse. (Express Photo: Varinder Chawla) MISS: Sonakshi Sinha was spotted at a party wearing a red and pink sequined short dress and missed the mark completely. The outfit did nothing for her and looked rather gaudy. (Express Photo: Varinder Chawla) Kareena Kapoor Khan was recently spotted turning heads and redefining casual dressing with her head-to-toe denim ensemble. The actor wore a tight-fitting denim top from the label Madison, which she teamed with a pair of high-waisted jeans from US-based label Urban Outfitters. She further layered her outfit with a quirky black denim jacket. (Instagram: Mohit Rai) HIT: Recently, at the Urja Awards 2019 in Mumbai, Aditi Rao Hydari was seen in a beautiful Payal Khandwala sari. The actor upped her fashion game by styling it with a multi-layered silver necklace and statement bracelets. (Instagram: Aditi Rao Hydari) HIT: For the trailer launch of her upcoming film Total Dhamaal, Madhuri Dixit was recently spotted looking lovely in a yellow Marks & Spencer top and flared trousers from H&M. The ensemble is exactly what we need for the upcoming summers. (Instagram: Ami Patel) HIT: Dressed in a light gold-coloured Anavila Misra sari and complementing it with a matching blouse, Dia Mirza exuded elegance. Styled by Theia Tekchandaney, she accessorised the outfit with a silver tiered necklace and a pair of matching earrings. (Express Photo: Varinder Chawla) MISS: Malaika Arora was clad in a red dress from Russian designer Alena Akhmadullina. Her outfit seemed very confusing and we think Arora could have opted for something better. (Instagram: Maneka Harisinghani) HIT: Shilpa Shetty was spotted at the HT Palate Fest wearing a navy blue dress from the label Jacquemus. She added a fashionable twist to the asymmetric outfit, with statement silver jewellery and a sleek tight bun. (Instagram: Shilpa Shetty) Dailyhunthttps://drquinton.ca/UserProfile/tabid/57/userId/31466/Default.aspx
Losers in Congress lobby for Lok Sabha seats
Being away from their constituencies has proved costly for Congress leaders who won in 2014. To rectify their mistakes, the leaders have started meeting all district leaders. The ticket for the Mahbubnagar Lok Sabha seat is seeing tough competition with former Union minister S. Jaipal Reddy competing with former minister D.K. Aruna and Congress working president A. Revanth Reddy. Ms Aruna and Mr Revanth Reddy lost in the Assembly elections and, according to sources, want a chance to prove themselves in the general elections. There is intense lobbying for other seats too where senior Congress leaders are angling for tickets. Former MP Konda Vishweshwar Reddy, who joined the Congress from the TRS before the Assembly elections, may face competition from his previous opponent Karthik Reddy. According to party sources, there might be tough competition for Mr Patel Ramesh Reddy from Mr Komatireddy Rajagopal Reddy — who won the Assembly election — for the Nalgonda ticket. Former PCC chief Ponnala Laxmiah and TPCC treasurer Guduru Narayana Reddy are both in the race for the Bhongir Lok Sabha seat. Senior leader Renuka Chowdary and MLC Ponguleti Sudhakar Reddy are eyeing the Khammam constituency where the Congress got good results during the Assembly polls. All the aspirants think that they can do better against the TRS candidates in the general elections expecting that it will be a Narendra Modi vs Rahul Gandhi affair. ... Dailyhunthttps://www.ted.com/profiles/11792673
Chandrababu Naidu is doing a copy-paste job: KTR
He termed Naidu's efforts as 'chitta suddhi leni Siva pujalu (efforts sans sincerity)'. "The people of AP are very intelligent. They won't fall for your tricks," Rao told Naidu."Naidu is thinking that he will be elected in the next Assembly elections in AP if he copies and implements whatever Telangana Chief Minister K Chandrasekhar Rao does in Telangana," Rao said. The TRS working president also questioned the priorities of some newspapers. "Some newspapers are giving more space to Amaravati news in Telangana editions. But, the same newspapers are not carrying Telangana news in their Andhra Pradesh editions," he said and opined that it was not only a failure to acknowledge the existence of Telangana but an effort by AP media to wield control over Telangana. Rao declared that the TRS government would support newspapers which promote Telangana State and its culture. The Sircilla MLA said that the TRS government had been working for the welfare of the journalists for the last four years. "The TRS government has done justice to all sections of the society which had participated in the separate Telangana movement," he said, assuring that the government would try to resolve pending issues of journalists as well. Dailyhunthttp://actionangler.net/ActivityFeed/MyProfile/tabid/62/UserId/158692/Default.aspx
Nissan to launch Leaf EV in India later this year
He further said besides the Leaf, Nissan also has plans to bring other electric vehicles to India in the future. "We want to have this solution (Leaf) in our portfolio and in the product line up. It will not be the only electric vehicle in (our) India plan," Kargar said, adding "we are not calculating how many numbers to sell". Nissan has cumulatively sold around 3.5 lakh units of the Leaf globally since 2010 Elaborating on a sales strategy for the Leaf, Nissan India Operations President Thomas Kuehl said, "It is very clear when we come with the Leaf it will come at a special price point only in the metro cities. " He further said the Leaf will target institutional and government sales apart from "some influencers and people". Kuehl asserted that under the present circumstances, it is difficult to target the mass segment with electric cars due to the high costs. "We are working to get the cost structure down by investing in the country," Kuehl said adding the lack of component suppliers for high-end technology associated with EVs and batteries in India have been a major hurdle. Kargar said Nissan is also close to taking a decision on the introduction of its e-Power technology in India. "We are really looking at how and when we bring this technology. We are in the latest stage of confirmation in terms of how and when and which model (to be considered to deploy e-Power)," he added. Nissan's e-Power technology uses an electric motor to power the vehicle, but at the same time, it has a small gasoline engine to charge the battery when needed, thus doing away with the need for an external charger. Nissan has already deployed e-power on its different models in Japan, Kargar said adding following the response there the company has decided to bring the technology to several other countries. Kargar further said that the company plans to bring in more models both under Nissan and Datsun brands in India in order to strengthen its position in the country. "If you ask me if I am happy with the kind of numbers we are selling here, I am not," he said. Underlining the importance of Indian operations, Kargar said the company would utilize its manufacturing base here to export vehicles, components and even human resources to various global operations. Dailyhunthttps://www.sbnation.com/users/zeekrpheek
Now, you can grow vegetables without soil
According to D Kalaivanan, scientist, division of Soil Science and Agricultural Chemistry, ICAR-IIHR, "Nutrients like phosphorous, potassium, nitrogen and others which are essential for plant growth are added to coco-peat." Kalaivanan further said that soil-less cultivation technology is very much suitable for urban and semi-urban areas. "One can grow vegetables like tomato, chilly etc., at terraces, inside houses, backyards and balconies. Coco-peat can even be used in large spaces measuring two to three acres. This mechanism will be useful for coastal and desert region as well," he said. Explaining it further, Kalaivanan said in terms of duration, there will be no difference between soil and coco-peat. In fact, plants grown in coco-peat consumes less water. "It takes less water and holds moisture for long. Vegetables grown in coco-peat are good in terms of quality as well. For example, zucchini when grown in soil is normally uneven in size, whereas it grows uniformly in coco-peat,'' he said, adding that it also weighs one-third less than soil. Kalaivanan said that coco-peat cab be bought from IIHR campus for Rs 2.5 per kilo. Dailyhunthttps://www.zintro.com/profile/zi9ceb5b14?ref=Zi9ceb5b14
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