PPF is a typical savings tool but one has to invest for the long term. This means that there is an asset class mismatch. But on the convenience side, the fund scores pretty high for the flexibility that it offers. There are additional unique advantages in the form of wealth tax and insolvency benefits from… Read More »
As on Dec 31, 2010 the indices were at 20,561 and 6134.5 for Sensex and nifty respectively. With a couple of days to go for the union budget, the stock market is relentlessly moving down. Since then the indices have witnessed a downward movement and the Sensex and nifty stands at 18202.20 and 5456.00 respectively… Read More »
Come February and all eyes and ears are on the Finance Minister and his budget for the coming year. Almost every citizen of the country has his/her own set of expectations that they would like to see being fulfilled in the coming budget.
Budget 2010 seemed to bring lots of hope in the minds of people regarding the new schemes and policies which were promised to be introduced. The reports submitted by every ministry had coated many plans towards the growth of the country.
2010 was a challenging year for insurance sector. Apart from IRDA versus SEBI fight on ULIP, the insurance amendment bill faced opposition from many political parties. 2010 also saw protests by All India Insurance Employees on the Government’s plan to increase the cap on foreign direct investment in insurance sector.
Banks have been in the forefront of Indian growth story. In the last few quarters though, increased inflation and Government measures to rein it, has affected the Banks. The interest rate has been raised by the Government many times in 2010. Increasing interest rate impacts bank’s businesses directly.
1987 marked a very special year for both Maruti as well as our nation with the export of a first lot of 500 cars to Hungary. One can almost feel the jubilation that the workers of MUL must have felt in gaining acceptance in Europe, the very Mecca of automotive engineering. 1992 was a year… Read More »
If you are thinking about putting all your eggs in one basket, better not do that because Section 80C has a limit of Rs. 1 L. That is, if you have made investments of Rs. 1.50 L in the investment instruments mentioned above, only Rs. 1, 00,000 out of it would be eligible for deduction… Read More »
Conservative investors are averse to taking risk. Typically they have a low risk tolerance and prefer investing in safe havens like Public Provident Fund (PPF), National Savings Certificate (NSC), and Employees Provident Fund (EPF), Endowment plans when it comes to life insurance and on tax-saving bank fixed deposits.
Inspite of NPS being launched for the last 2 years, it has not been able to garner attention of the investor fraternity. Hence to promote it, the Government of India has announced that it will add Rs 1000 co-contribution every year for the next three years for everyone who joins the New Pension Scheme. Those… Read More »