Credit History and Credit Score
“One must regularly check one’s credit report, especially before taking a fresh loan. Actively manage your finances, because a bad credit history may later create problems for getting a fresh loan,” said Mohan Jayaraman, COO, Experian Credit Information Co of India. He was speaking at a seminar organised by Moneylife Foundation, on Understanding the Importance…
Documentary screening of “Blood and Iron”
Independent journalist Paranjoy Guha Thakurta on Friday said that the mainstream media must do more to highlight the destructive illegal mining in the Bellary region of southern India’s Karnataka state which has caused a much bigger loss to the country than even the 2G spectrum and licence scam. “Unlike in the 2G spectrum allocation scam…
The Truths behind Mutual Funds and how to select the right scheme
The high volatility in the market and the huge drop in the indices recently have left many investors confused. Investors are wondering if they should exit the market, or if they should look at the situation as a buying opportunity. Newbie investors are pondering if this is the right time to start investing in the…
How to be Safe with Your Money
On 6th August, Sucheta Dalal, trustee, Moneylife Foundation, addressed an audience consisting of doctors on “How to be Safe with your Money” at the Indian Medical Association, Juhu (west Mumbai). Ms Dalal explained various aspects of investing—fixed deposits (FDs), post office schemes and mutual funds (MFs) and said that one should only invest in schemes…
Be Safe and Smart with Your Money at Pune
Moneylife Foundation conducted an exclusive workshop for the students of the Sadhana Centre for Management and Leadership Development, on Saturday, 30th July. Over 120 students attended this session from various academic disciplines offered by the management college. The first session was on ‘How to be Safe with Your Money’ by Ms Sucheta Dalal, Trustee of…
Understanding Pyramid Scheme
“Any scheme that asks you to introduce two more investors to get extraordinary returns is avoidable,” warned Sucheta Dalal, trustee of Moneylife Foundation. Ms Dalal was speaking at a workshop on “Understanding Pyramid Schemes” today, organised by Moneylife Foundation, a non-profit organisation whose principal objective is financial literacy. Citing the examples of popular pyramid schemes…
Investor, Empower Yourself
To invest in pyramid schemes like Speak Asia may seem like a lucrative idea, but their collapse is inevitable, even if it takes years to happen, Sucheta Dalal, trustee of Moneylife Foundation said today. “Moneylife has been writing about Speak Asia-type schemes repeatedly, but the regulators keep on passing the buck, and we (at Moneylife)…
The Right To Information Act
Narayan Varma, chartered accountant and a consultant on several official committees for the effective implementation of the Right to Information Act, today said that “talks are going on at the Centre on expanding the scope of Section 4 of the RTI Act and its proper implementation.” Mr Varma was speaking at a seminar organised by…
A Marathi session on Be Safe & Smart with your Money
“It’s not how much you earn that is important, but what matters is how much you save and for how long,” Dilip Samant, Mumbai-based columnist and financial planner with Golden Investments, said today. “You spend around 200-250 hours a month to earn money, but your spending continues for more than 720 hours every month,” he…
Mutual Funds
Moneylife Foundation trustee, Debashis Basu today cautioned investors that they should study mutual funds properly before deciding to invest in any of them. Mr Basu said there were various pros and cons for these schemes and he dwelt on these aspects during an hour-long presentation at a workshop on “How to choose the right mutual…
Investor, Empower Yourself! At Kolkata
The new initiative marks the sequel to UBI’s ‘Nav Nirman’ customer assistance programme. In tune with the first phase, branches will be revamped, call centre services made more efficient and the grievance redressal system made fast, he explained. “Beginning this month, these initiatives will be rolled out across about 250 branches over the next one…
The Right To Information Act
There was a convict, who was sentenced to prison for murder. However, due to the good conduct he exhibited, he was put in an open cell. But when he protested about the quality of the food in the prison he was shifted back to a closed cell without being given any reason. He used the…