This is the seventh edition of the Carnival of Indian Personal Finance Blogs. Although it has been a long time since the last entry to this post was published but Rupee Times is again back with the Carnival. The overwhelming response received from the blogging community has again opened the doors of this platform where a concise review of what is happening in the Indian Personal Finance blogging world would be presented to our readers. Here are the earlier editions of this blog carnival.
The tax season has seen a lot of people investing in Unit Linked Insurance Plans (ULIPS) but most of them do not even know the pros and cons of a ULIP. Proper knowledge of the product is necessary before taking an investment decision for a any individual. How important is the analysis of the cash flows before investing in a product has been looked into detail by Vinaya HS in his blog GEO 12.97°N 77.56°E.
Home, a shelter is a basic amenity needed by all living beings. Mumbai has been the residential hub of many people. But rising prices of property in Powai is making things miserable for the residents. Venky discusses the woes created due to rising property prices in his blog.
Ajay Shah explores beautifully into the employment scenario prevailing in India. The demand supply mechanism in terms of job seekers and number of jobs available has been wonderfully spun in words by Shah. What happens when a million people apply for thousand jobs? The story continues.
Savings account holders have had time to rejoice following the RBI's directive that interest on savings accounts would be calculated on a daily basis. Calculation of interest on savings account on a daily basis would add to earnings of depositors. Vinaya HS has also discussed the issue in the Awareness Fridays section of his blog.
The most simple and risk free source of investment is a fixed deposit. The conservative investor always opts for a fixed deposit as his first investment choice. The calculation of the amount of interest that would be earned on fixed deposits after deduction of tax at the source is a major problem faced by the common investor. Megha Pathak takes us through an incisive study of the issue.