Changes in the Companies Act & SEBI Act: Should We be Happy or Worried?
The new Companies Act has made many sweeping changes regarding governance, transparency, disclosures, responsibilities of directors, class action suits and a more powerful Serious Fraud Office. On the face of it, the new company law has fewer provisions—with only 470 sections compared to the present Companies Act, 1956 which has nearly 700 sections. However, the new law…
6 common problems that people face with insurance and how to deal with them
Buying life insurance as an investment tool may lead to poor returns and a lot of grief. Often savers don’t do the correct analysis and fall for the pitch of insurers. This includes senior citizens. Then there are other cases where fraudulent selling is involved with inducements such as offers of “interest-free loans”, gold coins, mobile…
Buying Stocks Safely!
Many investors burn their fingers in the stock market because they blindly follow tips and advice freely available. They do not follow a process or have a discipline to cross-check the facts and invest directly. In the second exclusive workshop on ‘How to Invest Safely in Stocks’ conducted by Moneylife Foundation, Debashis Basu, editor, Moneylife,…
How to use the Right To Information (RTI) Act Effectively
Moneylife Foundation has conducted a series of events and workshops in the past to empower its members to use the RTI (Right to Information) Act effectively. This was another session for beginners of the RTI series conducted by Shailesh Gandhi, former Central Information Commissioner (CIC). The session for beginners has received huge participation in the…
Exclusive workshop for Senior Citizens on Planning Your Money-life Post-retirement
Financial planners look around for young and high earning professionals as clients. Fund management and wealth management companies keep innovating products for people in their prime. Is anybody even bothered about that fading eyesight and those shaky hands, which are most vulnerable to theft, murder and fraud? Does someone even think of educating and caring…
What All Women Must Know About Money – For Their Own Safety
Women tend to be unconcerned about aspects of saving, borrowing and investing, preferring to believe that men do all that much better. But they then end up falling into financial traps or invest in wrong products. It is for these reasons, Moneylife Foundation conducted its 173rd event which focussed completely on financial literacy for women….
Retirement Savings II: Can you make your money outlast you?
Most savers put their savings in bank deposits, gold and real estate. A small portion of their assets may consist of equity shares, mutual funds, fixed income securities, etc. Would this kind of asset mix be sufficient to generate a sustainable income? In the second part of Moneylife Foundation’s two-part seminar on retirement planning, Debashis…
How To Write Your Own Will
At Moneylife Foundation’s 171st event, Bapoo Malcolm, an experienced advocate practising civil and criminal law, spoke on the basic requirements of making a Will. Many delay in making a Will for many reasons. One of the reasons could be that there are many misconceptions. “A Will does not need to be registered, for that matter,…
Moneylife Foundation felicitates Mumbai’s Hero, Samir Zaveri
At a meeting of the Coalition for Safe Rail Travel CSRT meeting held on 6 July 2013, Moneylife Foundation felicitated Samir Zaveri on being recognised at a true Mumbai hero by Mumbai Mirror. Samir Zaveri is an extraordinary activist who has dedicated his life to helping railway accident victims and passengers over the past 20…
COALITION FOR SAFE RAIL TRAVEL (CSRT) MEETING ON 6 JULY 2013
The seventh meeting of Coalition for Safe Rail Travel (CSRT) was held at Moneylife Knowledge Centre, Moneylife Foundation in Dadar (W). There were around 20-23 activists from various passenger organisations present at the meeting. Here are the important discussions that took place… Cyclic Time Table for Mumbai Suburban Railways Yogesh Sapkale mentioned that things not…
Buying Stocks Safely!
Moneylife Foundation conducted its 170th and its first exclusive workshop on investing in stocks. At a packed session titled “Buying Stocks Safely” at the Moneylife Knowledge Centre, Debashis Basu, editor, Moneylife, took the participants through how a why many investors lose money in stocks and addressed many myths revolving around investing in stocks. He also…
Retirement Savings: How Much is Enough? Will Your Money Outlast You?
Moneylife Foundation conducted another successful seminar on retirement planning where Debashis Basu, editor Moneylife, discussed the various aspects of retirement planning and why you should not neglect it. Using a fictional character called Mr Kumar, Mr Basu detailed the different factors that influence how much one can save and how long one’s corpus is expected to last. Many…