India's Household Financial Saving Rate 7% only..

India's Household Financial Saving Rate 7 per cent only.. Reserve Bank of India's (RBI) annual report shows that household financial saving rate has declined sharply from 12% in 2009-10 to 7.1% in 2012-13 - clearly, people do not have enough financial savings. Here f…

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Buying Gold is like catching a Falling Knife: ABN Amro NV

The selloff in gold is set to deepen as the dollar will probably extend gains, according to ABN Amro NV, which forecast that the precious metal may end this year at $1100 an ounce and finish 2015 at $800. “Do not try to catch a falling knife,” analyst Mr. Georgette Boele  “Th…

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5 Major Reasons why RBI May Not Cut Rate in December, 2014

The chorus for a rate cut is unlikely to prompt Reserve Bank of India (RBI) Governor Mr. Raghuram Rajan to take any action at the bi-monthly review of its monetary policy on December 2. "The pressure from all quarters is huge but Mr. Raghuram Rajan is unlikely to respon…

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Retail Investors SIPs In MFs are Doubles..

Systematic investment plans* (SIPs) of mutual funds (MFs) are back in vogue among retail investors as the upsurge in India's stock markets has rekindled their interest in equities. Fresh SIP registrations with MFs have more than doubled since January, 2014, showing more…

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RBI Makes SMS Alerts For Cheques Transactions Mandatory

Indian Banks will now start sending SMS alerts to both payer & drawer in cheque transactions as soon as the instruments are received for clearing. Expressing concern over the rise in cheque-related fraud cases, the Reserve Bank of India (RBI) has made SMS alerts mandator…

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MF Investments Rise From Smaller Cities Towns to 14.18%

AUM contribution tops 14%, retail equity folios near 2 crore mark of B15 cities It is not only wealthy & urban investors who are intrigued by the share market rally. Investments into mutual funds (MFs) by investors beyond the top 15 cities  ‘B15’ (that is smaller cities …

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India's National Land Records Modernisation Programme : 50 Districts Selected..!

The Central Govt has identified 50 districts where states will modernise land records in one year, reviving the National Land Records Modernisation Programme that has failed to make much ground in 6 years despite more than Rs. 500 crore spend. The Central Govt has decided to…

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Major Difference between Time & Money..!

Major Difference between Time and Money You always know how much money you have. But, you do not know how much Time you have.

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Mutual Fund Assets Rises to Rs 10.96 Lakh Crore in October 2014 on Sequential Basis

Equity funds registered inflows for the 7 consecutive month. Total Assets Under Management (AUM) of the Indian  mutual fund (MF) industry increased by 14.2 per cent (by Rs. 1.36 lakh crore) to Rs 10.96 lakh crore in October 2014 after witnessing 5.3 per cent down (by Rs. 53…

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Qualcomm Donates Rs.2 Croresto the Prime Minister’s National Relief Fund

Qualcomm Donates Rs.2 Croresto the Prime Minister’s National Relief Fund for Relief Activities in Jammu &Kashmir and Andhra Pradesh Qualcomm Incorporated, through its subsidiary , Qualcomm India Private Limited (QIPL) ,today announced a contribution of Rupees2crores toward…

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