Once you have life goals in place, then tax-saving products can be looked at. Three years ago, Varun Khowala, a manager with Industrial Finance Corp. of India Ltd now, led a carefree life. Like most other people his age, he took this attitude to his finances as well: whatever little he invested was to save…
DetailsDr. Raghuram Rajan took over as RBI Governor in the month of September and has addressed two monetary policy reviews till date. In his maiden monetary policy review in September, Dr. Rajan had outlined his precautionary stance on inflation. In order to ease inflationary pressure, RBI took the measures to tighten liquidity by increasing the…
DetailsOf late the economic offenses in the country are on the rise. Almost every day we get to read about fraudulent investments or fake get-rich-quick schemes. Recently actor Akshay Khanna filed a complaint with the Mumbai Police, against a couple who promised him twice the returns of his initial investment. Such incidents reflect the fact…
DetailsRetirement is an important phase in one’s life. It changes the dynamics of our financial life in the view of change in cash flows. The actions we take during our employment determine the corpus we build for post our retirement phase. In India Employee Provident Fund (EPF) is one of the traditional routes to save…
DetailsThe months of October and November witness heightened activity in auto sales in India. The car manufacturers and dealers across the country come up with various festive discounts to support the festive sentiments of consumers. Most of us delay our decision to buy a car till the festival season in order to take advantage of…
DetailsDuring the third quarter of the year, the developed economies showed signs of improvement which in turn weighed heavily on the developing economies. The US economy started the quarter on a positive note by posting an increase of 2.5% in GDP during the quarter ending in June. The data supporting the expansion of manufacturing activity…
DetailsSeptember 2013, marked the five year anniversary of the recession which started in September of 2008. The developed markets made a significant progress starting 2013. Despite some volatility, US markets continued their good show during the third quarter as well. The quarter, however, the market movements were dominated by the speculation around Fed’s tapering of…
DetailsCommodity markets experienced a mixed quarter. While the commodity markets found positives in improved economic conditions across the globe, the gains were limited due to excessive supply of metals. The Crude oil prices in July were driven by strong dollar and increased economic activity across the globe. The increased economic activity spurred hopes for heightened demand for crude…
DetailsDuring the second quarter the interest sensitive categories of Fixed Income like the investment grade bonds saw negative returns. This sell off was broad based across other sections of Fixed Income long durations bonds being the worst performers amongst the pack. Treasury Inflation Protected Securities (TIPS) rates took a beating as inflation expectations declined. Towards the end of…
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