Vishu festival of Kerala

When we say or think of Kerala then the world of cultural tradition or custom comes to our mind. Kerala is ready to welcome its one of the important festival Vishu. Vishu festival is celebrated as harvest festival or new year of Kerala. It signifies the transition of the sun to the Medam Rashi (Aries first solar month). Sun transits this sign mostly from March 21 to April 20 each year.

Vishu festival

Vishu signifies the transition of the sun and the festival is new year of Kerala. It is believed that the first thing which you see on Vishu is what your whole year will be. People organize Vishu Kani, a displays of fruit and vegetables with gold coins so that the whole year be filled with happiness and prosperity in the family. This year it will be celebrated on Sunday April 15,2018.

Vishu is incomplete without Vishu Konna or Kanikkonna. It is a flower, Amaltas or Cassia fistula (botanical name) known as the golden rain tree. It is one of the favorite flowers of Lord Krishna. On the day of Vishu, lord vishnu or Sri Krishna (form of Vishnu) is worshipped. On this day eldest member in a family give coins as Vishukkaineettam. In after noon all get together to have lunch feast called vishu sadya.

The elderly person in the house lights up the lamp at dawn and blindfolds each member to open their eyes to see the lamp first.

  • Vishu Konna or Kanikkonna: Amaltas or Cassia fistula (botanical name) known as the golden rain tree.
  • Vishu Kani: Means “which is seen first on Vishu”
  • Vishukkaineettam: Distribution of wealth
  • Vishu sadya: Feast Lunch

Vishu 2018: Significance, Important Traditions and History of the Malayalam New Year

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Karnataka election 2018- How to cast your vote?

Karnataka election 2018 date is announced for May 12, 2018 in all 224 constituencies of the Karnataka Legislative Assembly. The counting of votes and result announcement will take place on 15 May 2018. To cast your vote it is essential that voters follow the steps enlisted by the Election Commission of India.

Eligible citizens

To cast your vote, you must be eligible citizens like 18 years or above and a resident of the state that is going to polls. Persons
who are of unsound mind or disqualified due to ‘Corrupt Practices’ or offences relating to elections are not entitled to be registered in the electoral rolls.

What is a Electoral roll?

It is an official list of the people who are entitled to vote in an election. To cast your vote in an election, your name must be in the voters list. For every constituency, there is a list of voters. The electoral rolls are prepared Assembly Constituency wise. To cast your vote, the first and foremost requirement is that your name should be in the electoral roll. Therefore, it is your duty to find out whether your name has been registered and included in the Electoral roll. If you are not registered then you can file claim in Form No. 6 for inclusion of your
name in the electoral roll.

  • Form-6(Inclusion): for inclusion of his name in the roll
  • Form-6A(Inclusion-Overseas): Inclusion of Name in Electoral Roll by an Overseas Elector
  • Form-7(Deletion): for deletion of his or any other person’s name
  • Form-8(Modification): for change of address if new address in same polling area
  • Form-8A (Transposition): for change of address if new address in another polling area

How can I enrol for Karnataka election 2018

To enrol your name in electoral roll, you need to register yourself. You can register online for adding your name in voters list.

Creating the account

  • Visit the website voterreg.kar.nic.in
  • Click Register
  • Create an Account
  • After creating your account your password will be communicated via e-mail and SMS.

Log in

  • Visit the website voterreg.kar.nic.in
  • Log in with your Userid (Userid will be your e-mail) and password to submit your applications.
  • Be sure to print the acknowledgement that you receive upon submission.
  • Submit the print out to your nearest Election Registration Office.
  • To view Electoral Registration Officer(ERO) Details in Bangalore
    http://www.ceokarnataka.kar.nic.in/ERODEtails/BANGALORE.pdf

Karnataka election 2018

  • Last date for Enrolling your name for Karnataka election 2018 is April 14, 2018
  • Election Date on May 12, 2018 (Saturday)

Reference

https://www.thenewsminute.com/article/want-vote-karnataka-assembly-elections-here-s-what-you-need-know-78689
http://eci.nic.in/eci_main/ECI_voters_guideline_2006.pdf
http://www.voterreg.kar.nic.in/Forms/Form%206%20Procedure.pdf
http://www.india.com/news/india/how-to-cast-your-vote-all-you-need-to-know-about-necessary-documents-and-other-requirements-1808261/
https://www.karnataka.com/govt/how-to-apply-for-voter-id-card-in-karnataka/

Minchina Nondani voter enrolment drive for Karnataka election 2018

“Minchina Nondani” means Lightning registration or quick registration is the mantra for Karnataka election 2018. The ‘Minchina Nondani’ (special voter enrolment drive) is a special drive initiated across the State by the Chief Electoral Officer, Karnataka. Minchina Nondani held in on April 8 Sunday and the response was good.

Karnataka election 2018

The Election Commission of India has taken several measures to make the poll process smooth and for the convenience of the voters. Among the steps are to set up voter service centres near the booths on behalf of the Commission to make the election process smooth, effective and transparent. At these service centres, voters can clear their doubts on the election and the voting process. Last day for enrolment is April 14, 2018. Those who enrol after April 14 won’t be able to vote for this election which will be held on May 12, 2018.

New voters who have turned 18 and above as on 1.1.2018 had to carry their birth certificate and any one of the documents — Aadhaar card, passport, ration card, electricity bill, house rent agreement, bank pass book or driving licence — to prove their place of residence. They had to carry two passport size photographs to be handed over to officials. NRIs had to carry a separate set of documents and fill special forms.

Before April 14, 2018:

  • Visit the polling booth near your house to check if your name is in the voter list.
  • If your name is missing in your polling booth may be your polling booth has changed. Confirm the polling booth and even if your name is missing, enrol in the Special Enrolment Drive.
  • Visit the polling booth with two passport size photos, ID and address proof.
  • Last day for enrolment is April 14, 2018.
  • You can Register for enrolment by online.

Reference

https://starofmysore.com/voter-enrolment-drive/
https://www.thenewsminute.com/article/karnataka-polls-women-here-s-what-you-need-do-register-voters-78961

Life Insurance and Premium

31A Insurance protects you from financial loss and risk of loss is transferred to another party through a contract. The insured receives a contract called the insurance policy. Insurance is a contract between the insurance company and the life assured (insured) and the premium is the consideration which makes the contract complete. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated.

Life insurance vs Non-life insurance

Life insurance is an insurance cover that gives out a certain amount to the insured or their nominated beneficiaries upon a certain event such as death of the individual who is insured. The risks that are covered by Life Insurance include – premature death, income during retirement, illness.

Non-Life Insurance covers things apart from the things covered in Life Insurance. The coverage period for most non-life insurance policies and plans is usually one year, whereby premiums are normally paid on a one time basis. The main products of non-life insurance includes – motor insurance, fire/house owners/householders insurance, travel insurance.

Insurance Premium & Level premium

An insurance premium is generally expressed as premium per thousand rupees of sum assured and is illustrated in the form of tables of premium rates by insurance companies. Premium varies across insurance plans, policy terms, sum assured and the age of the proposer. Periodicity or mode of premium payment depends on the type of policy chosen and also on the payment options that the policy offers.

When the premium charged under a policy remains the same throughout the duration of the contract, it is called level premium. In this case premium level is guaranteed and cannot be changed by the company at a later date. This is advantageous for both the life assured and the insurance company and therefore most life insurance plans except some term insurance plans involve level premium payment.

Importance of Life Insurance in your life

Life insurance as “Risk cover”: First and foremost, insurance is about risk cover and protection – financial protection, to be more precise – to help outlast life’s unpredictable losses. By buying life insurance, you buy peace of mind and are prepared to face any financial demand that would hit the family in case of an untimely demise.

Life insurance as an “investment”: The total amount invested in life insurance goes towards providing for the risk cover, while the rest is used for savings. In life insurance, unlike non-life products, you get maturity benefits on survival at the end of the term. In the unfortunate event of death within the tenure of the policy, the family of the deceased will receive the sum assured. Thus, insurance is a unique investment avenue that delivers sound returns in addition to protection.

Life insurance as “Tax planning”: Insurance serves as an excellent tax saving mechanism. Buying a life insurance plan entitles you tax benefits on:Your premiums under Section 80C. Maturity or death claim proceeds under Section 10 (10D).

Important types of life insurance policies

Here are a few common types of covers, including whole life and term insurance policy.

Term Plan: Term insurance policy offers coverage only for a set period of time. On the occurrence of death or permanent disability during the tenure of the plan, the beneficiaries will be paid benefits to cover income loss or unpaid debt. However, if the insured survives the term of the plan, no such benefits are paid.

Whole Life Insurance: Whole life plans strive to give you lifelong protection. Such cover comes with death benefits, meaning your family can continue to be financially stable after your death. It also comes with maturity benefits, after the expiry of the term. Most people use this type of policy to create an inheritance or estate for their children.

Savings and Investment Plans: There is a savings quotient linked to such policies. They come with a specified maturity period, as decided by the insurer. On the occurrence of any unforeseen event of the death or permanent disability, during the tenure of the policy; the sum assured will be received by the said beneficiaries to the policy. If the insured survives the term of the policy, the agreed maturity benefits become payable.

Retirement Plans: Insurance plans that ensure financial independence after retirement.

Child Plan: These plans can be taken in the name of the child or the parent. However, it is only for the benefit of the child. This helps parents mobilize finances when the child reaches a particular age or stage of life.

What is Riders?

Life insurance riders are contingent additional benefits over a primary policy, which come into play in case of a specific eventuality. They offer financial cover over and above basic sum assured in a life insurance policy. Critical illness rider, Disability rider, Accidental death benefit rider, Term rider and Waiver of premium rider are some of the different kinds of life insurance riders.


Protect your family with life insurance
contract-2779509__340Contact Life Insurance Advisor

Have any queries regarding insurance or would like to buy a Life Insurance?Submit your details, we will contact you with a suitable plan for your needs. Contact us at klife60500670@gmail.com and follow us at https://twitter.com/Klife_Rakesh

Reference/Source:
https://en.wikipedia.org/wiki/Insurance
http://www.careerride.com/view/difference-between-life-and-non-life-insurance-9834.aspx
http://economictimes.indiatimes.com/tdmc/your-money/important-things-to-know-about-paying-life-insurance-premium/tomorrowmakersshow/48574922.cms
https://insurance.kotak.com/insurance-guide/about-life-insurance/roles-of-life-insurance
https://epolicy.sbilife.co.in/FAQ/e-Shield_faqs/Terms_Insurance_Policy.html
https://www.hdfclife.com/insurance-plans/riders-in-insurance

SBI launches realty portal-SBI Realty

India’s largest commercial bank State Bank of India (SBI) launched its dedicated portal ‘SBI Realty’ that provides an opportunity to its customer to purchase a plot for construction of a dwelling unit. The customer can also avail another Home Loan for construction of house on plot financed under SBI Realty.

The SBI Realty website has been developed by SBICAP Securities in association with PropEquity in terms of data support, project information, etc.

SBICAP Securities Limited through its division SBI Realty Solutions provides a unified platform for exchange of information & facts for buyers, builders & sellers. “State Bank of India has taken another step towards customers’ convenience by launching ‘SBI Realty’ – a one stop integrated website www.sbirealty.in for home buyers,” the bank said in a statement.

Source: http://economictimes.indiatimes.com/industry/banking/finance/banking/buying-a-house-has-never-been-so-easy-sbi-launches-realty-app/all-for-you/slideshow/59650510.cms

GST in India from 1 July

The official launch of Goods and Services Tax (GST) will be on June 30th midnight. The GST will reduce tax burden on goods by replacing the indirect taxes like VAT, Service tax, Excise etc levied by the central and state governments. GST seeks to bundle state and central levies into one and create a seamless national market throughout the country.

The GST Council (GSTC), the apex decision body for the new tax, also approved the creation of an anti-profiteering authority that will exist for two years. According to the source, the norms for filing returns have been relaxed for the first two months until September 2017. This will help Small business and traders who may not be ready for migration to GST.

The idea of moving towards the GST was first mooted by the then Union Finance Minister in his Budget for 2007-08. There would be four tax rates namely 5%, 12%, 18% and 28%. The Council has asked the Committee of officers to fit various goods and services in these four slabs keeping in view the present incidence of tax. GST would be applicable on “supply” of goods or services as against the present concept of tax on the manufacture of goods or on sale of goods or on provision of services.

According to the source, the GST returns would be applicable for business where turnover is more than Rs 20 lakh. Hence the small business and traders with turnover less than Rs 20 lakh will not have to file any return. Under GST, you need not give any details of invoices but disclose the total turnover.

A mega rehearsal has been planned tomorrow in the Central Hall of Parliament ahead of the historic GST launch on the midnight of 30 June. Tomorrow’s rehearsal has been organized to ensure that everything is well-organized and there is smooth conduct of the launch event, the sources said. The final event is likely to start at 11 PM on 30 June and will be on till half past midnight the sources said.

  • Businesses having a turnover of more than Rs 20 Lakhs have to get registered mandatorily under GST.
  • The norms for filing returns have been relaxed for the first two months until September 2017.
  • There would be four tax rates namely 5%, 12%, 18% and 28%.
  • Under GST, you need not give any details of invoices but disclose only the total turnover.
  • GST allow sellers to claim the tax already paid, so that the final liability on the end consumer is decreased.
  • From the consumer point of view, the biggest advantage would be in terms of a reduction in the overall tax burden on goods.

Reference:
http://www.cbec.gov.in/resources//htdocs-cbec/gst/gst-concept-status-ason05Apr2017.pdf
http://economictimes.indiatimes.com/news/economy/policy/guide-to-filing-gst-returns-revenue-secretary-hasmukh-adhia-makes-it-easy-for-you/articleshow/59337150.cms
http://economictimes.indiatimes.com/small-biz/policy-trends/gst-council-gives-relaxation-of-2-months-for-filing-of-gst-returns/articleshow/59213188.cms
http://www.firstpost.com/business/gst-from-1-july-govt-to-rehearse-launch-ceremony-in-parliament-tomorrow-3751263.html
https://cleartax.in/s/gst-law-goods-and-services-tax

Home loans to get cheaper

Home loans for affordable housing to get cheaper as SBI, HDFC, ICICI Bank and Axis Bank slash rates. Axis Bank on Thursday announced 30 basis points (bps) reduction in its home loan interest rates to promote affordable housing finance. The revised rates will be available with effect from May 16.

Private sector lender ICICI Bank on May 15 reduced its interest rates by up to 30 bps for home loans of up to Rs 30 lakh. HDFC reduced its rates for women borrowers to 8.35 per cent and others to 8.40 per cent for home loans of up to Rs 30 lakh.

State Bank of India (SBI) had announced a reduction in the home loan rates by 25 bps from 8.60 per cent to 8.35 per cent per annum. SBI, was the first to reduce interest rates on home loans earlier this month, followed by ICICI and HDFC.

Source:
http://www.hindustantimes.com/business-news/after-sbi-hdfc-icici-bank-cut-home-loan-rates/story-41nKZpomc7PPzDa5qCMGNO.html
http://www.business-standard.com/article/economy-policy/home-loans-to-get-cheaper-sbi-hdfc-icici-bank-axis-bank-slash-rates-117051900203_1.html