There has been a spurt in the NRI investment in recent times owing to the global economic downturns.Indians working abroad are suddenly feeling insecure about their jobs and investment options available on foreign shores.
Every one of us is eager to know ways of saving tax.Let’s get the advantages of the new tax proposals of Budget 2014-15 that has been passed by both houses of Parliament and get some better savings.
The contentment achieved on receiving the first salary is unrivaled and damn hard to express.Boosting your self-confidence and opening gates of development, your first job sounds like the best thing that happened in your life.
On Wednesday, Larry Jay Horsey of Chesterfield pleaded guilty to a scheme that defrauded nine investors out of a combined $1.He also created a fake website that allowed his clients to login and view their supposed investment accounts.
But permanent life insurance policies such as whole life insurance also contain an investment component, and that’s where things can get confusing.Some of the money paid into your whole life policy accumulates “cash value” in the form of a tax-sheltered investment account that the policyholder can borrow against.
Is there a best age for investing in pensions schemes?In order to make the life of people easy and give complete security in the old age there are a number of pension schemes available that can provide you the ideal coverage over the existing pension plan in your office.
As a result, mutual funds has again come up the charts as a preferred investment.But making an investment in mutual funds, unlike gold investment, requires a great deal of planning and vigilance on the investor's part.
Well performing mutual funds are less volatile and thus a better investment option.Here is some of the best MF for those interested that make for a worthwhile investment in 2013.
I think insurance companies must be more conservative in their approach," he said.Asked if the regulator would permit private sector insurers to invest beyond 10 per cent ceiling if the government notifies increase in investment exposure for LIC to 30 per cent, Hari Narayan said, "No, certainly not.
So, policy holders were unable to reap the benefits of compounding," says Madhivanan Balakrishnan, executive director, ICICI Prudential Life Insurance.The industry was adjusting to these changes," adds Rajiv Jamkhedkar, MD and CEO, AEGON Religare Life Insurance.
Sebi and Irda have sought information from AMCs and insurers on corporate bondsAfter being asked by regulator Irda to submit their investments in corporate bonds, insurers have said they will be more cautious in exposing themselves to such instruments going forward.One life insurer and a non-life insurer confirmed to PTI that they have received some communication from the regulator Irda seeking clarifications on their corporate bond investments.
Seventy per cent of affluent population of the country, who hold investments other than cash, have put their money in life insurance, while 64 per cent among them have gone for fixed deposits, according to the DSP BlackRock India Investor Pulse Survey.Seventy per cent of affluent population of the country, who hold investments other than cash, have put their money in life insurance, while 64 per cent among them have gone for fixed deposits, according to the DSP BlackRock India Investor Pulse Survey.
Life insurance companies are allowed to invest up to 50 per cent in government securities, 15 per cent in infrastructure bonds and 35 per cent in other investment grade corporate bonds and equities.The Finance Ministry is looking at the possibility of relaxing norms for insurance companies to attract more funds for the infrastructure sector as part of efforts to prop-up the sagging economy.
So we are talking about (foreign) investment in the range of Rs 25,000 crore in the insurance sector to really ensure that we get to 6 per cent penetration in the medium term," Sinha said.Financial Services Secretary Hasmukh Adhia said raising foreign investment cap was only one of the several important changes that the Bill seeks to bring in the insurance sector.
The approval to hike the FDI limit from the current 26 per cent has been pending since 2008 in the Rajya Sabha.The proposed hike in foreign investment limit to 49 per cent in the insurance sector has potential to attract up to $7-8 billion (about Rs 50,000 crore) from overseas investors, giving a major boost to the segment.
Highest returns: ELSS are tax saving mutual funds, which primarily invest in equities and equity-related instruments.Shortest lock-in period: ELSS funds come with a lock-in period of just 3 years, the lowest among all Section 80C products.
The global oil industry is slated to make some big investments in 2017 following a painful two-year spending slump.Wood Mackenzie expects global spending on oil exploration and production to rise to $450 billion, up 3% from last year.
But since then, its price has plunged more than 30% to around $760 after Chinese authorities stepped up scrutiny of bitcoin exchanges in the country, where the vast majority of bitcoin trading takes place.The latest drop was set off by news of spot checks from Chinese regulators on local bitcoin exchanges.
But the lock-in period for those products is far more when compared to ELSS plans.5 per cent returns, your investment in fixed deposits would not fetch more than 8 per cent returns on an average.
In previously unreported letters from Philip Morris to the trade minister and an influential government think-tank, the U.King, Philip Morris' Asia president, wrote on Oct.