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Home Loan and VA Home Loans from Mortgage Research Center Contact | Mortgage Rates | Mortgage Calculators Mortgages Refinancing Debt Consolidation Mortgage Resources Loans FHA Loan VA Loan What Type Of Loan Are You Looking For? Please Select.... VA Home Loan Home Loan VA Home Refinance Home Refinance FHA Home Loan What Is The Approximate Value Of Your Property? Home Loan and VA Loan Information Are you looking to get prequalified for a home loan? Nearly all Americans dream of owning their own home. Once you have decided to buy a home, it is important to analyze all of your loan options. One of our mortgage specialists can explain all of your options, and help you determine which loan is the best in helping you meet your financial goals. They can explain the FHA loan, the VA Loan , and also look at conventional loans. Our mortgage specialists pride themselves not only on being the most knowledgeable in the business, but also in gaining access to the best loan rates in the country. You may call 800-930-9201 to speak with a mortgage specialist. Get a free prequalification for a home purchase Apply for a refinance or debt consolidation Get Advice from a Mortgage Specialist VA Home Loan Information There are millions of Americans that qualify for a VA Home loan. However, many people are not aware that they qualify for these Veteran Benefits. If you have been on active duty for at least 90 days, then you may qualify. Get more information on VA Loans or call 800-930-9201 . Loans Your Home Loan (mortgage) will be the biggest purchase you make in your lifetime. So make sure you do your research and find the best loan rates to help you get the best return on your investment. Another great option is a VA Refinance when you are considering refinancing your home! VA Loans will not only be able to help save you money, but they will also make it easier for you to qualify for a loan. You may contact a mortgage broker for help with this. They are generally set up with hundreds of lenders and can quickly find you the best VA Mortgage Rates . Get additional information for free: Click Here to get Prequalified for a Home Purchase Click Here to apply for a refinance or debt consolidation Click Here to get advice from a Mortgage Specialist Do you need FHA Loan information or would you like to find out about the new VA Adjustable Rate Mortgage ? Getting information regarding these loans could be a great step to helping you own a home, which will help your financial security. The Dept of Veterans Affairs has recently raised the VA Loan limit. Speak to a VA specialist to get more information and find out if the new VA loan limits can help you or you may visit the va.gov site. You may call 800-930-9201 to get additional advice about what factors you should consider when deciding whether or not to apply for a VA Home Loan. If you have questions or would like help with your mortgage, you can call us at 800-930-9201 . "Nathan, I wanted you to know that everything went very well at our closing. It was quite pleasant. Thank you for everything." -Vicki Ficklen Mcdonough, GA More Testimonials Equal Opportunity Lender License Information We can help you find the lender (mortgage bank) that can get you the best deal for your financial situation (including setting you up with the best financing rates and loan term). MRC does not originate loans in MA, NJ, NY, ND, PA, VT, NV, WV, or DC. If you are getting a mortgage in one of these states, we will help you by directing your information to a lender in your state. Get additional information about a VA Loan , Home Loan , or 1031 Exchange : Privacy Policy .

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Feds probe real estate agents - Apr. 22, 2005 Web CNN/Money Buying & Selling Investment Property Home Improvement Million $ Life Financing Best Places SAVE | EMAIL | PRINT | SUBSCRIBE TO MONEY | Feds probe real estate agents Money magazine investigation shows Justice Dept. looking into anticompetitive practices. April 22, 2005: 5:27 PM EDT By Jon Birger, Money Magazine NEW YORK (CNN/Money) - Did you pay your real estate broker too much? The U.S. Department of Justice may be set to turn Tulsa, Okla. into a test-case for ending the stranglehold 6 percent commissions have over the real estate brokerage business. MONEY has learned that Justice's Antitrust Division is gathering information on the bully tactics that full-commission brokers in Tulsa allegedly use against their discount rivals to discourage commission-cutting. The probe follows other recent efforts to spur competition in the real estate industry. According to a copy of a Justice Department subpoena obtained by MONEY, federal investigators are seeking information on "possible anticompetitive conduct in the provision of real estate services in the Tulsa area" as well as "documents related to refusal to cooperate on real estate transactions." An Antitrust Division spokeswoman confirmed the existence of the investigation but declined to provide additional details. Al Unser, executive director of the Greater Tulsa Association of Realtors said: "We received a CID [civil investigative demand] from the Justice Dept. and we have responded." Economists who study real estate, such as the University of Cincinnati's Norm Miller, believe anti-competitive behavior is the primary explanation for the persistence of the 6 percent commission. J.D. Smith and Bob Meyer are two Tulsa discount real estate agents who say they were interviewed by federal investigators. They say the investigators wanted information on full-commission agents' alleged refusal to show home-buying clients properties listed by discount brokers -- a tactic known as boycotting. Boycotting exploits the one major weakness of the multiple listing service. The MLS's upside is that it centralizes all homes for sale in a single electronic marketplace that can be accessed by all agents -- and these days by Web-savvy consumers as well. The downside is that brokers must depend on one another to help sell their homes, and that discourages them from undercutting each other's commissions. While boycotting the listings of discounters is generally considered an antitrust violation -- if undisclosed, it's also a breach of fiduciary duty to clients -- industry insiders are well aware that boycotting goes on, even if they claim not to condone it. For Smith, the Feds' investigation comes a year or so too late. His realty business on the brink of ruin, Smith recently abandoned discount brokerage and went back to charging 6 percent. "In one week," Smith said, "I've had more showings and more offers from other realtors than I had in the previous two months." The Tulsa investigation is part of an ongoing Antitrust Division foray into the sharp-elbowed realty world. In March, the Antitrust Division sued the Kentucky Real Estate Commission over a state law that prohibits real estate brokers from offering commission rebates to consumers. More recently, Assistant Attorney General R. Hewitt Pate sent letters to lawmakers and regulators in Oklahoma and Texas, urging them to reject proposals that would effectively prohibit brokers from engaging in limited-service or fee-for-service realty -- such as listing a home for sale on the multiple listing service for a flat fee of $500. Bruce Hahn, chairman of the American Homeowners Grassroots Alliance, argues that state prohibitions on rebates and fee-for-service discourage competition and inflate commissions paid by consumers. "We've talked to Justice, and we think what they're doing is tremendous," he said. E-mail Jon Birger at jbirger@moneymail.com. The Hot List Most profitable renovations How risky is your 401(k)? Big new tax credits for hybrid cars More Real Estate How to buy and build on rural land Most overvalued housing markets When booms go bust... contact us | magazine customer service | site map | glossary | RSS | press room OTHER NEWS: CNN | SI | Fortune | Business2.0 = Money subscribers = Premium content -- * - Time reflects local markets trading time. † - Intraday data is at least 15-minutes delayed. Disclaimer © 2005 Cable News Network LP, LLLP. A Time Warner Company ALL RIGHTS RESERVED. Terms under which this service is provided to you. privacy policy Reprints of site stories are available. Top Stories Most overvalued housing markets Risks to the economy in 2006 Which was the worst ad of all in 2005? After the ride, a rest Hilton brands reunite after 40 years YOUR E-MAIL ALERTS Real Estate Antitrust Division Corporate Governance Oklahoma or Create your own Manage alerts | What is this?

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Destin Florida Real Estate Destin Florida Real Estate Listings Buyers Sellers Resources Home | Contact $1,195,000 Property Types Condos Homes Land Townhomes Commercial Fractional Desired Features Golf Course Waterfront Fenced Yard Pool Gated All Price & Area $min 50k 100k 150k 200k 250k 300k 350k 400k 450k 500k 550k 600k 700k 800k 900k 1.0m 2.0m 3.0m 4.0m 5.0m No Min ¯ $max 50k 100k 150k 200k 250k 300k 350k 400k 450k 500k 550k 600k 700k 800k 900k 1.0m 2.0m 3.0m 4.0m 5.0m No Max Select Region (All) Miramar Beach / Sandestin Fort Walton Beach Santa Rosa Beach Destin Mary Esther Seacrest Beach Panama City Beach Rosemary Beach Point Washington Receive Weekly Updates On every new home and condo listing on the Emerald Coast. All new listings every week! Receive Weekly Updates Name: Email: Main Links Home Listings Home Search Featured Listings Buyers Sellers About Destin Florida Destin Florida Homes Destin Florida Condos Contact Local Areas South Walton Fort Walton Beach Miramar Beach Santa Rosa Beach Blue Mountain Beach Grayton Beach Sandestin Seagrove Seaside Watercolor Okaloosa Island Dune Allen Beach WaterSound Beach Inlet Beach Destin Florida Real Estate Welcome to Destin Florida Real Estate sponsored by Ed Kirkland & Associates the #1 real estate agents in Destin florida. We have designed this website to make it easy for you to access all Destin Florida real estate available in the Destin MLS and surrounding areas. To start your home search just click on a price range below or visit our Destin Florida MLS Listings section Homes by Price Range Search by Property Type $300,00 - $ 500,000 Single Family Homes $ 500,000 - $ 600,000 Condominiums $ 600,000 - $ 800,000 Townhomes $ 800,000 - $ 1,000,000 Vacant Land $ 1,000,000 - $ 2,000,000 Fractional Ownership $ 2,000,000 & Up Commercial Are you looking to buy a home or second home in Destin Florida? Our team of real estate experts know the Destin home market like the back of our hand and we are here to help guide you through the selection, and purchasing process so that you can be laying on the beach enjoying your new Destin home before you know it.Call the Destin Real Estate Team now! Toll free 1- 800-227-8654 top Listings Home Search Buyers Sellers Resources Real Estate Web Design: RealEstateWebmasters © 2004-2005 Destin Florida Real Estate REMAX Coastal Propeties: Ed Kirkland Broker/Owner,CRS/ABR/E-PRO

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Mortgages, Mortgage Rates and Home Loans by Quicken Loans America's Home Loan Experts SM GO My Quicken Loans Login Great Rates. Expert Advice. Fast Process. Call 800-251-9080 To Get Your Rate   Refinance Refinance Center Learn About Refinancing Refinance Calculators Refinance Loan Options Contact a Refinance Expert Home Purchase Home Purchase Center Learn About Buying a Home Home Purchase Calculators Home Purchase Loan Options Contact a Purchase Expert Home Equity Home Equity Center Learn About Home Equity Home Equity Calculators Home Equity Loan Options Calculators Calculators Refinance Calculators Home Purchase Calculators Home Equity Calculators Contact a Loan Expert Loan Options Loan Options Refinance Loan Options Purchase Loan Options Home Equity Loan Options Contact a Loan Expert Bad Credit Rates Get your loan approved in just minutes over the phone We bring the paperwork to you for signing it's quick and easy! Calculate YOUR potential mortgage payment below. Select Loan Purpose Refinance Purchase Desired Loan Amount: Expected Purchase Price: Choose A State Alabama Alaska Arizona Arkansas California Colorado Connecticut District of Columbia Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Current Monthly Payment: Expected Down Payment: Calculate YOUR potential mortgage payment below. Select Loan Purpose     Refinance Purchase Choose A State           Alabama Alaska Arizona Arkansas California Colorado Connecticut District of Columbia Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Desired Loan Amount Current Monthly Payment Expected Purchase Price Expected Down Payment -- Dis-ARM Yourself Now! Lock into a fixed rate today! Quicken Loans' Chairman Dan Gilbert hosts CNBC's "Squawk Box". Read More Start Taking Control of Your Credit! Introducing FreshStart Get approved for your mortgage - even with less-than-perfect credit Get on the path to paying off debt and repairing your credit Consolidate high-interest bills into one low-interest mortgage payment FIND OUT MORE Rates Keep Rising. Get a Fixed Rate Now! The Fed will keep raising interest rates - Get out of your adjustable rate mortgage or home equity line of credit! Lock your rate for 30 years with payment flexibility. Introducing FIND OUT MORE Flexible guidelines to fit your needs! Introducing Advantage1st No doc and full doc options available Cash out and interest-only options Get a low rate on a mortgage that fits your needs FIND OUT MORE Want a low mortgage rate? Call a Quicken Loans Mortgage Banker now to find out how you can get a low mortgage rate and payment flexibility with our SmartArm ® loan. A Quicken Loans Exclusive FIND OUT MORE What's the Difference between Interest Rate and APR? When you get a mortgage, you are charged two different rates--the annual percentage rate (APR) and the interest rate. Understanding the difference between the two rates is important and will help you make an informed decision when shopping for the right lender and the right loan... Read More Archived News Homeowners Can Still Refinance at Low Rates Dec 29, 2005 Despite Decline, Housing Still Strong Dec 28, 2005 More Mortgage News Quicken Loans - We Are Here to Help You! No one makes it easier than the home loan experts at Quicken Loans! We are ready to help you with your new mortgage , refinance , or home equity loan needs — all at great low interest rates. Explore our web site for exclusive home loan options, easy-to-use mortgage calculators , home loan articles, and instant rate quotes on several mortgages. Quicken Loans is America's #1 online mortgage lender. Apply for your mortgage online or talk to a Quicken Loans home loan expert today. Call us now at 800-251-9080. 3,400 home loan experts ready to help you Refinancing | Home Loans | Home Equity Loans | My Quicken Loans Login Mortgage News | Mortgage Rates | Mortgage Calculators | Apply Online About Us | Careers | Contact Us | Feedback | Site Map | Help | Search Security and Privacy | Disclosures and Licenses | Terms of Use © 2000 - 2005 Quicken Loans Inc., All rights reserved. Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc. “Quicken Loans” is a registered service mark of Intuit Inc., used under license. Build 2741 2005-10-25 09:50:43

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The Tribune, Chandigarh, India - Business Monday , October 21, 2002, Chandigarh, India THE TRIBUNE SPECIALS 50 YEARS OF INDEPENDENCE TERCENTENARY CELEBRATIONS B U S I N E S S Y O U R M O N E Y A GUIDE TO PERSONAL FINANCE REAL ESTATE Buy house in the colony developed by a coloniser I t is a misconception that the group-housing concept to provide affordable housing accommodation to the public at no-profit no-loss basis has failed in this region. Marginal success to the scheme is mainly attributed to the faulty policies of the government. Tips for buyers A word of caution MARKET SCAN Low response to good results D uring this fortnight corporate results announced so far for the quarter ended September 2002 were good and encouraging but the market response was low and unencouraging. Local residents look at an Italian-made "Pagani Zonda C12S" car in Guangzhou, Guangdong province, on Saturday. The car will be displayed at an auto show which starts on October 22 in Guangzhou. The car has an approximate value of 4 million Hong Kong Dollars ($500,000). Reuters EARLIER STORIES Disinvestment programme has come to a halt: Shourie October 20, 2002 Wipro net profit inches up 2 pc October 19, 2002 Ranbaxy net profit rockets 79 pc October 18, 2002 Disinvestment of A-I, IA ruled out October 17, 2002 SBI and ICICI among top 100 Asian banks October 16, 2002 Cotton output falls October 15, 2002 Gold does not glitter any more October 14, 2002 Deadlines for polluting firms may be extended October 13, 2002 Hughes Soft clocks 32 pc growth in net October 12, 2002 CHECK-OUT Get expensive items insured before mailing S ending an expensive Divali gift to someone special through speed post? Well, here is a note of warning: if the gift gets lost or damaged during transit, all you are entitled to as compensation is twice the amount of money that you have paid towards speed post charges. PREPARING FOR RETIREMENT Sun Life provides umbrella R isks are an integral part of human life. Events that occur in our daily lives indicate time and again that we must prepare ourselves to deal with these risks in a well-planned manner. One of the important precautionary measures stems from an insurance cover. Aims at building wealth Value for money Retirement benefits Flexi Save Endowment Plan FIIs net buyers in equities Inflation falls REAL ESTATE Buy house in the colony developed by a coloniser R. P. Malhotra I t is a misconception that the group-housing concept to provide affordable housing accommodation to the public at no-profit no-loss basis has failed in this region. Marginal success to the scheme is mainly attributed to the faulty policies of the government. For want of a foolproof process to register only the genuinely deserving members (end consumers) in the housing societies, the most of the members of these societies happen to be the speculators who have invested in the schemes for resale. Even the planners have not taken pains to study the demand factor while planning these housing projects as majority of these flats are of HIG category which are out of reach of the low budget buyers falling in the Rs 5-10 lakh slab. In Chandigarh, too, in the series of amendments to the existing building byelaws recently notified by the administration nothing has been done to the stringent conditions applicable to the transfer of property falling under the low budget category keeping the housing board flats/houses, nor transferable properties allotted on concessional rates and group-housing societies flats still forbidden for resale. Tips for buyers For the buyers intending to have a plot/house in these colonies, it is suggested to opt for only approved colonies. As per provisions of the Punjab Apartment Act any land owner, who wish to sell his property in parts as a residential colony, shall have to get the scheme approved from the local authority i.e., Local town planning Office by giving sample provisions for roads, parks, sewerage and water supply. A set percentage of land up to 35 per cent shall have to be left for these public utility services under this act. A word of caution Apart from this certain unscrupulous developers also illegally sell the land on GFA basis without leaving the prescribed area of land for common utility services thus creating unhealthy and inhabitable conditions for the habitats later on. Whereas plots are available @ Rs 2200 to Rs 2500 per square yard on inner roads and Rs 2500/- to Rs 3000/- per square yard on wider roads in approved colonies as compared to corresponding rate of 500/- and 1800/- per square yard in unapproved colonies. In addition to the deteriorated quality of life in the unapproved /unauthorised colonies there is permanent risk of demolition in case of departmental action. For a better community life the intending purchasers are suggested to constitute small group housing societies having members (as small as a group of ten people even less) from their own working circle. By pooling funds they can bargain with the coloniser for a fixed number of plots in one go and by entrusting the project to a single contractor they can save themselves from the construction hassles besides saving money on wholesale purchases. Sanctioning of loan cases will also be an easy process and the things can be processed on a single table. The buyers interested in going for built up flats/houses are also suggested to form small groups. Besides having a competitive bargain they can ask the developer/builder for their particular requirement for a block of houses/flats. Besides all this the intending buyers are advised to enquire from the promoter of the colony about the arrangements made for the supply of drinking water, provision for sewerage outlet, electric supply, width of roads and size of parks before going for a bargain. While selecting for the location of colony, care should be taken not to go for a location just on the main road, near the railway line and near the sewerage drain to avoid noise and pollution. Preference should be given to a colony having close proximity to the main road a school and a dispensary. Before going for a builders house/flat one must thoroughly study the technical blue prints and brochures of the builder. It is most important to ascertain what the builder is going to offer you in turn of your money. Various fittings, fixtures, facilities and services listed in the brochure may not turn out to be value-added services/items later while taking over the possession of the unit. One must also get conversant about the deceptive terminologies, such as of carpet area, covered area, plinth area and super area, being normally used by the builders. For example carpet area i.e. exact usable area is about 35-40% less than the supper area. Major details such as quality of material to be used type of flooring, type of joinery and quality of timber to be used and kind and variety of paint polish etc must also be ascertained and taken into writing before going for to bargain. Proper and effective arrangements of future maintenance of the area such as is roads sewerage water supply electricity and other civic services of the colony after the same is handed over to the occupiers should also be ensured before striking a deaf. Usually such bargains are struck on self-financing basis i.e., the buyers pay the builder in installments as the construction of the project progress through various stages. It becomes the foremost duty of the buyer to visit and supervise the construction activity of the entire project at different stages so as to ensure proper quality and workmanship. Notwithstanding anything contained in the one-sided agreement to purchase, executed between the buyer and the builder, the buyer is protected under the consumer protection act. Still the purchasers are advised to have an expert opinion before signing any of such agreements. cr MARKET SCAN Low response to good results J.C. Anand D uring this fortnight corporate results announced so far for the quarter ended September 2002 were good and encouraging but the market response was low and unencouraging. According to an analysis made by Business Standard, so far 116 companies have announced their results which indicate a growth of 15.06 per cent in sales and 34.42 per cent rise in net profits. The growth profit margin of these 116 companies has increased from 17.03 per cent to 19.86 per cent during the quarter, yet the Sensex has moved only by 2.41 per cent (71 points) during this quarter. Infosys Technologys second quarter results were higher than the markets expectations. It reported 16.1 per cent rise in software revenue with a net profit higher by 12.01 per cent. EPS is estimated at Rs 141 Rs 144, almost the same as in the first quarter. The company expects to have good growth rate in revenues for the third quarter. HDFC announced a bonus issue of one equity share for every share held and reported 21 per cent rise in net profit for the send quarter. FIIs also increased their holdings in software stock comprising Infosys, Mestak, Digital, Global Profit. Ranbaxys third quarter net profit was higher by 79 per cent. A large part of its sales and profitability came from exports. Hero Honda also reported excellent results for this quarter. Jai Bharat Marutis second quarter results indicate that its net profit has gone up to Rs 65.60 lakhs as against Rs 18.42 lakh for the corresponding period last year. Another good news was the AV Birla Groups announcement to buy Larson & Tubros share at Rs 190 per share from the open market, even though the open offer price was much lower than the market expectation. It is unlikely that the Birla Group will be able to collect the share at this price to push up their stake in the company from 14.9 per cent to about 35 per cent as it had announced its intention at the time of the open up. The UTI and financial institutions are unlikely to accept this offer as it is far lower than the price at which Birla Group had purchased Larson and Tubro shares from Reliance. I am of the view that those investors who hold Larson and Tubro shares should not sell it in the market at the open offer rate for the very fact that Birla Group is interested in acquiring management control of this company pushes up the market rating of this share. Even otherwise, Larson & Tubro is Indias top engineering and cement company in the private sector and its construction business is doing extremely well with a lot of fresh orders from India as well as from foreign countries. Another good news is that the Index of Industrial Production (IIP) indicates a growth rate of 5.7 per cent in the general index, though the growth rate in manufacturing is at 5.9 per cent and in capital goods at 10 per cent. India has also recorded a surplus in its current account for the first time in 24 years. The market response to the good corporate results and other welcome news has only been tepid. This is partially due to the fact that the date traders are anxious to book profit at the earliest. It is also possible that the market does not expect equally good results from those companies which have yet to report their second quarter results. Perhaps the more basic reason is that the market is worried about the state of our economy. Apart from S&Ps rating about the national currency, the drought caused by erratic and deficient monsoon rains this year are bound to depress our GDP growth rate this year. According to CMIEs analysis drought conditions are expected to lower overall agriculture production by 7 per cent. As a result, the real GDP is expected to grow only by 3.1 per cent. According to CMIE the real GDP growth rate has never reached 5 per cent in a year of agriculture decline in the past 30 years. Any long term investment should be made with a time scale of at least 2 to 3 years and this investment should be made only in a weak market. co CHECK-OUT by Pushpa Girimaji Get expensive items insured before mailing S ending an expensive Divali gift to someone special through speed post? Well, here is a note of warning: if the gift gets lost or damaged during transit, all you are entitled to as compensation is twice the amount of money that you have paid towards speed post charges. Even here, the maximum that you can get is Rs 1000! And if you think that you can approach the consumer court for relief , forget it. You will get no help there too. Recently, the apex consumer court examined in detail the liability of the post office in case of delay or non-delivery of postal articles sent by speed post. Its verdict was that the consumer courts cannot go beyond the statutory provisions and grant compensation in excess of what is statutorily fixed. And in case of speed post, since Rule 66B of the Indian Post Office Rules says that in case of loss or damage , the compensation shall be double the amount of the composite speed post charges or Rs 1000, whichever is less, the consumer courts cannot grant compensation beyond this amount, the court said. (In case of delay in delivery, whatever may be the consequence of such delay, you are entitled to only a refund of the Speed Post charge). In its order of September 18, 2002, the National Consumer Disputes Redressal commission examined three different petitions all pertaining to Speed Post service.. In the first petition Head Post Master, Post Office Railway Road, Kurukshetra, Haryana vs Vijay Rattan Aggarwal, the complaint pertained to two bank drafts for the sum of Rs 5 lakh sent by Speed Post on January 18, 1995. The post office, which undertook to deliver it within 24 hours, did not do so, forcing the complainant to obtain duplicate bank drafts on March 7, 1995. Claiming loss of interest and loss in business plus harassment, the complainant sought damages from the post office. The District Consumer Disputes Redressal Forum awarded Rs 20,000 as compensation, besides interest of 18 per cent on the amount of Rs 5 lakh for one and a half months. When this was upheld by the State Consumer Disputes Redressal Commission, the post office filed a revision petition before the National Commission. In the second case, Union India vs Brahm Dev Upadhyay, the complainant, having passed the preliminary examination for Uttar Pradesh administrative service, sent by Speed Post the necessary papers required for the final examination. They were not delivered on time, as a result of which the complainant could not appear for the final examination. The District Forum awarded Rs 10,000 as damages . When the State Commission affirmed this order, the post office filed a revision petition. In the third case, Varun Garg vs Assistant Post Master, Post Office, the complainant sent an application form for admission to LLB course in Maharishi Dayanand University, Rohtak by speed post on May 19, 2000. The last date for submission of the application was May 22, but the application was received by the university after this date and was therefore not entertained. The District Forum before which Varun Garg filed a complaint said he was only entitled to a refund of Rs 20 paid towards speed post charges. This was upheld by the State Commission, upon which the complainant filed a revision petition before the apex consumer court. After examining the Indian Post Office Act and the Rules framed therein pertaining to Speed Post, the National Commission said there was no justification for grant of any compensation to the complainants. Said the Commission: Under the Consumer Protection Act, 1986, we cannot go beyond the statutory provisions and grant compensation more than what is statutorily fixed. A Consumer Forum is even bound by the terms of the contract howsoever oppressive these may be unless those terms are against public policy, illegal or void. In other words, consumers cannot get compensation commensurate with the loss suffered on account of delay in delivery or loss or damage to the article entrusted for delivery through Speed Post. So if you are sending expensive goods by Speed Post or through a private courier, get it insured. If you are sending important documents for which you cannot take an insurance policy, just keep your fingers crossed and hope that it reaches the addressee on time and in good condition. PREPARING FOR RETIREMENT Sun Life provides umbrella Naveen S. Garewal R isks are an integral part of human life. Events that occur in our daily lives indicate time and again that we must prepare ourselves to deal with these risks in a well-planned manner. One of the important precautionary measures stems from an insurance cover. A life cover cannot prevent any unfortunate happening, but at least it mitigates the financial loss arising out of an unfortunate happening. It provides strength to face the financial loss that may arise from the loss of a bread earner. Life Insurance addresses multiple needs such as protection against disabilities, preparing one to face the unexpected mishaps, besides providing a plan for a retired life. Aims at building wealth Birla Sun Life insurance, a recent entrant into the insurance sector aims at targeting the youth, providing them with a financial plan. The company says that it provides to the youth a right step to build wealth through a systematic process that offers economic security and provides what each of us craves for - peace of mind. Value for money The Birla Sun Life Insurance that offers five products boasts that its products offer investment options, market driven returns, guaranteed values, high surrender values no exit loads beyond five years, free look period, mix and match options, large protection cover, favourable premiums for female clients, tax benefits and automatic premium payment. Birla Sun Life also offers what it calls Riders. Riders are additional benefits that you may buy and add to your policy in a way that it customises the policy according to an individuals needs. These include the accidental death and dismemberment rider, term rider and critical illness rider. Retirement benefits What you get at retirement is directly proportional to what you save. The age when you start saving in an endowment plan can drastically alter the wealth you acquire at retirement. Take a simple case study where Mr. A, aged 30 years with an annual income of Rs 2 lakh (growing 15 per cent annually) started saving 15 per cent annually till retirement age of 60 years. Given a return of 12 per cent and an expected inflation of 6 per cent, he should have a retirement income of Rs 95,000 per month taking the inflation into count. But if he were to wait till age 40 before he started saving (from an income of Rs 3 lakh annual), he would get a pension of only Rs 24,000 per month. Flexi Save Endowment Plan The Flexi Save Plus Endowment Plan has been designed to offer insurance protection; while at the same time provide an opportunity for investment. Birla Sun Life aims at stressing the point that the premium paid over the years helps the savings to grow and thus helps meet expenses like childrens higher studies, their marriages, retirement funding etc The flexi save plus endowment plan is designed to accumulate the savings through regular premium payment for a fixed duration of time or in a single lump sum to realise the long-term goals and protect the family with insurance cover unique features of the Flexi Save Plus Endowment Plan include choice of duration plan, flexibility of premium payment, choice of investment options, automatic premium payment and access to your funds during the plan duration. The Flexi Save Plus Endowment Plan is available to all between age 1 to 65 years wherein the minimum face amount (Sum Assured) is Rs 50,000 for minors and Rs 75,000 for adults. The duration of the plan can be 10, 15, 20, 25, or 30 years as per the policy plan or as per maturity age of 60, 65,70 and 80 years. The premium-paying period varies from a single pay to 5,10, 15, 20 years with a paying option of premium payment frequency ranging from annually, semi-annually, quarterly or one-time payment. The policy offers a transparency in surrender values and lets you know the exact amount due in case of pre-mature plan termination. Also the policy tells you before hand the amount due on survival up to maturity, surrender value in the maturity year + the balance in additional holding account. Besides the amount due to nominee in event of death of the life insured is disclosed before hand. Riders on the policy that can be bought at an additional cost include accidental death and dismemberment, term and critical illness. The policy also offers a tax benefits under section 88 Sec 10 (10 D) of the Income Tax Act (To be concluded) FIIs net buyers in equities Mumbai, October 20 The foreign institutional investors (FIIs) were net buyers in equities at Rs 56.1 crore ($ 11.5 million) during the trading week ended October 18. The FIIs, however, for the third straight trading week of the month stayed away from the debt market and did not transact a single deal, according to data available with the SEBI here. As per SEBI information, mutual funds netted sales of Rs 165.63 crore in equities and were net buyers to the tune of Rs 394.07 crore in debt instruments. PTI bb Inflation falls New Delhi, October 20 Notwithstanding the domestic oil price hike, inflation declined by another 0.32 per cent to 3.02 per cent for the week ended October 5 even as vegetables became costlier. The hike in vegetable prices was to a great extent contained by fall in the price of foodgrains and fruits, leading to point-to-point Wholesale Price Index (WPI) dip for the third consecutive week from 3.34 per cent in the previous week and the index was 3.18 per cent a year ago. PTI | Punjab | Haryana | Jammu & Kashmir | Himachal Pradesh | Regional Briefs | Nation | Editorial | | Business | Sport | World | Mailbag | In Spotlight | Chandigarh Tribune | Ludhiana Tribune 50 years of Independence | Tercentenary Celebrations | | 122 Years of Trust | Calendar | Weather | Archive | Subscribe | Suggestion | E-mail |