Savings and Investment Driver of Growth

By  Mr. Ajay Srinivasan, Chief Executive, Aditya Birla Management Corporation Four years (2008) after the worst financial crisis in recent times, the economic situation in India continues to slip. A couple of months ago, India posted the lowest GDP (Gross Domestic Production)…

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SIP in equity funds vs Recurring Deposits

by ICRA Online Research Desk Both SIP (Systematic Investment Plan) in equity funds & RD (recurring deposit) in banks are used to create a large corpus over a long period of time. The effect of compounding helps both deliver handsome returns. One may argue that it would not…

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Importance of Asset Allocation..!

by Mr. Anil Chopra, Group CEO, Bajaj Capital Primarily, there are 6 types of key asset classes. Namely, 1. Debt instruments 2. Equity instruments 3. Gold 4. Real Estate 5. Commodities 6. Art. Investors worldwide have to construct a portfolio by using one or more of these 6 asset c…

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SEBI toll-free Helpline service Available All 7 Days

Investors can access market regulator SEBI’s toll-free helpline service for guidance & assistance on various matters on Saturdays & Sundays as well, the regulator said in a note on recently. SEBI’s helpline for investors  1800 22 7575 or  1800 266 7575 will now be av…

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ICICI direct Centre for Financial Learning: Launches E - Learn

ICICI Securities Ltd, the largest integrated securities firm, recently announced the launch of E- Learn, a flexi and interesting learning initiative which will empower consumers to make informed investment decisions from the comforts of their home and at their own pace. E- L…

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Minister’s Foreign Trips, Over 17 Times the Budgets Amount

The bill for central cabinet minister’s foreign trips has gone over 17 times the budgets amount for 2011-12 the budget amount was Rs. 27 crore while the actual bill was Rs. 479.94 crore . That’s because the amount includes pending dues to Air India for earlier years. 2009 …

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LIC of India : 1.80 Lakh Unclaimed Insurance Policies

India's largest Life insurance company LIC of India had in response to an application filed under the RTI (Right to Information Act), stated that as many as 1,80,030 policies were lying unclaimed with the Corporation even after the maturity period. The LIC, however, did …

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AxisDirect: Launches Business Partnership Program - Online Trading Platform

AxisDirect, an online trading platform of Axis Securities and Sales Ltd (ASSL), a 100 % subsidiary of Axis Bank, recently announced the launch of ‘AxisDirect - Business Partner Program’. This is a pan India initiative aimed at partnering with Independent Financial Advisors …

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Investing Via Online : 40% Indian's Make Their Own Decisions

According to a survey by information and measurement firm Nielsen, Our people are more dependent on others while taking decisions for investments through internet compared to their global peers, Over 2 in 5 of that is 40% online Indian's make their own decisions for inve…

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EMPLOYEES' PROVIDENT FUND : Contact Information - Tamil Nadu

CHENNAI  EPF - Regional  Office ,     37, Royapettah High Road, Chennai – 600014.   Phone : 044-28132700  Email : ro.chennai@epfindia.gov.in Sub.Regional Offices VELLORE,     Sub.Regional Office, 31, Filter Bed Road,     Nathanial Building, Vellore – 632001.  Phone : 0416-2227…

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Dormant Mutual Fund Statement: No Problem

Most mutual fund (MF) investors pan India are asking their MF agents & advisors to close their accounts after they see the word ‘dormant’ on their statements. These investors are also threatened by some smart agents who say that the word ‘dormant’ on their statements in…

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Global financial literacy Survey : India 23rd place

A Visa 2012 study of Global Financial Literacy indicates that though India has the highest savings rate among its global peers, the households may not be aware of many options to invest in. In the Visa 2012 Global Financial Literacy Barometer, India ranked 23rd out of 28 cou…

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Benefits of Early Savings..!

There are several good articles here in magazines & other sites about Investing for retirement. Many suggest starting Early to insure a comfortable retirement. You may think starting Early is common sense. You may think starting Early is for someone the “rich” people. Y…

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BSE : Eases Relisting Norms For Suspended Companies,..!

The BSE (Bombay Stock Exchange) has revised the relisting norms for firms, which were recently challenged by a PIL (public interest litigation) at the Delhi High Court. According to the new norms, which the exchange’s board approved on April 27, 2012 suspended companies are…

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Soon Coming PF Portable Number

The EPFO (Employees’ Provident Fund Organisation) will soon give subscribers a unique account number that will operate independent of employers and benefit millions of people holding jobs. The PF number portability may be by the end of this year.The number will be given to t…

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Check your PF Balance Online

Now You can checking  PF account balance online.. Please visit  http://epfoservices.in/epfo/member_balance/member_balance_office_select.php You will get the screen like this: Select the EPFO office where your account is maintained and furnish your PF Account number. Leave the e…

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Set up Body to Regulate MLM : Finance Ministry Nod

According to IDSA (Indian Direct Selling Association), the finance ministry on recenlty gave its nod to set up a central agency to regulate the MLM (multi-level marketing) sector after several incidents duping consumers have come to light.  Mr. Chavi Hemanth, Secretary-Gene…

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MLM schemes ; Central Institution Proposed to Curb Fraudulent Funds

In an attempt to curb chit funds & MLM ( multi level marketing) schemes, the SFIO (Serious Fraud Investigation Office) has recommended establishing an institution under the Centre’s ambit for stricter enforcement of laws. Detailed report.! According to very detailed repor…

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Teach children financial discipline

Parents want to raise their children to be independent and successful and to use whatever resources they have to give their offspring a leg up in life. But it’s sometimes difficult for parents to find the right balance between making financial and professional resources avai…

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MLM companies under central govt. probe

The EOW (economic offences wing) of Mumbai Police and the ministry of corporate affairs (MCA) are separately investigating several MLM (Multi Level Marketing) companies. This action is taken by largely on the basis of complaints from individuals who invested money in them. T…

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