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Dress- Code for the financial sector
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Financial intelligence unit-India, the national agency monitoring suspect financial transactions are looking forward to build a common database, which could be utilised by all financial services agencies. This would enable a consumer to buy mutual fund units, insurance policies,bank deposits and other financia...Read more
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Asian markets rise
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Asian markets managed modest gains, shrugging off a weak U.S. Growth report and interest rate hike in China. The dollar slipped against the euro and yen.
Oil prices rose above $97 a barrel with U.S. Crude supply falling...Read more
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Food Inflation falls sharply below 8 percent
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The food price index rose 7.78% and the fuel price index climbed 12.98%, government data showed on Thursday.
In the previous year annual food and fuel inflation stood at 9.13% and 12.84% respectively. Food inflation, as measured by the wholesale price index (WPI) stood over 2...Read more
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India and Pakistan clash at the field to make it to World Cup Finals
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Once again battling at the cricket pitch, India and Pakistan will have to grapple with huge expectations of their cricket-crazy fans. The winning team today, would mark its place in World cup finals to be hosted at Wankhede Stadium in Mumbai.
India on one hand is backing o...Read more
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India's journey from Quarter-Final to Semi- Finals- World Cup, 2011
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The Indian bowlers neutralised the pressure after losing the toss and being put to field, which usually serves as an advantage to the opposition. Under fire throughout the league stage, the Indian bowlers and fielders raised their game when it mattered the most.
The most promising aspe...Read more
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Cap on ULIP Charges
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AFTER much heartburn over high fees and charges on ULIPs, there's finally some good news for investors! The insurance regulatory body, the IRDA, has implemented well defined changes that can make a significant impact for investors looking to invest in ULIPs. According to the norms, there will be a cap on overall charges that the insurance companies can impose upon the ULIPs.
...Read more
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A shiver for the Japanese Economy
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The radioactive levels have become high around an earthquake stricken nuclear power plant after explosion at four reactors, adding to the risk of more leakage. Japan's prime minister warned people within 30kms of the facility north of Tokyo to remain indoors.
“We are makin...Read more
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Income tax exemption limit raised- Budget,2011
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Giving a relief of Rs.20,000 to every tax payer, the income tax exemption has been raised from Rs.1.6 lakh to Rs.1.8 lakh for evry tax payer. The budget has widened the service tax net to cover more services that will raise the cost of travel, hotel accomodation and eating out.
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Budget 2011-12 tries to build the physical assets
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The Union budget for 2011-12 extends the tax benefit for a year on investments made in infrastructure bond by giving banks access to this special bracket in an effort to raise debt funds. The last budget extended a deduction of an additional Rs.20,000, over Rs.1 lakh limit prescribed for investments in tax saving schemes but ...Read more
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IDFC raises Rs.765 Cr in second infra bond sale
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IDFC has raised Rs.765 crore in its second bond sale in less than 4 months. It saw 3.88 lakh applications but did not confirm that how many invested more than Rs.20,000/- to claim tax benefit. The bond offered an 8% coupon with a buyback option after 5 years under two options which is higher than the 7.5% and 8% it offered in the first tranche in...Read more
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Falling Crude to Lift Sensex
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After experiencing three weeks of downfall, the stock market witnessed relief this week with normalcy returning to Egypt and a correction in global crude oil prices.
The Bombay Stock Exchange fell sharply by 6.72% in the last three...Read more
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Global Inflation- A result of Queensland Floods
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Surging food inflation increases fears as Australia's worst floods along with a poor projected harvest in the United States signalled further tightening of domestic and global supplies.
With hot and dry weather taking its toll, corn and soybean jumped to a 30 month...Read more
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Growth of Indian Economy would exceed that of Chinese economy in 2012
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The Indian economy has been the second fastest growing economy in the world after China. Given the continued demographic push that India is getting compared to China, we anticipate that India's growth will accelerate and eventually overtake China's growth. ...Read more
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Choices for the RBI
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The Reserve Bank of India (RBI) has a tough task in deciding between tightening monetary further or not. If the monetary policy of tightening the supply is opted for the consequences are that interest rates will rise deflating demand. The problem that limits this option is that the (Index of Industrial production) IIP growth of 2.7% for November is strongly indicating poor performance in the...Read more
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Why Individual policies score over Family Floaters?
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In today's scenario, with enhanced knowledge about the importance of healthcare most first time buyers wonder whether to buy an individual plan or a family floater policy. A family floater plan offers flexibility in terms of utilising the overall insurance coverage among the family as a group. However, against this there are several disadv...Read more
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One-fourth Mutual Fund Investors as compared to Life- Insurance Investors
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In a growing industry with numerous active players spread across the country, Mutual funds in our country have less than 10 million investors. The data till June end (as available on the website of Association for Mutual Funds in India (AMFI)) showed that the mutual fund industry had almost 48 million folios, where one folio is equivalent ...Read more
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How are Long-Term Investments better than Short-Term Investments?
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There are a variety of investment options available in the market today which can broadly be classified into Short-term investments and Long-term investments. Short- term investments are made only for a little while, whereas long-term investments are designed to last for years, showcasing a slow but steady increase so that ...Read more
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