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Is the Depreciating Rupee in India’s National Interest?

In an era of free capital flows, it is difficult to say what level of reserves would be just right for the economy By Kiran Nanda India Inc.in a recent meeting with the PM Modi and his team urged the government to allow the Indian currency to depreciate further with a view to maintain its competitiveness in global trade. There is a need to examine the appropriateness of such a demand. Indian rupee has been lately declining as a sell-off in riskier assets deepened amid concern over Asia’s growth outlook. Regional currencies slumped with most equity markets retreating after a...more
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ALL YOU NEED TO KNOW ABOUT ARBITRAGE FUNDS

Understanding arbitrage and whether it’s a good move to keep money in this short and sweet fund. By Hiral Thanawala To understand the concept of arbitrage, let me tell you the story of ‘Mangesh Vada pav’ in Mumbai. Mangesh was a smart salesman at a Mumbai suburban station selling tasty vada pav to the locals. He had created a long lasting relationship with his regular customers and his popularity soared in the last five years. He was selling vada pav at Rs 15 per piece and it cost him Rs 12 to make each one. So, he was making a profit...more
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Nurturing Sustainable Growth

Today, India stands at the cusp of a major change – a transformation that could lead to unprecedented economic growth paired with radical improvements in the country’s socio-political environment. Over the past two decades, India’s gross domestic product (GDP) has risen by more than $1 trillion, and in the process, bring millions of citizens out of poverty into the burgeoning middle class. This country’s target should not be less than $10 trillion in the next two decades. By Grandhi Mallikarjuna Rao A young India, with a large digitally-enabled middle class is seeking growth and change. India needs to work on...more
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Make Investors ‘PICTURE’ It

The architects of 'financial communication' have to be more imaginative if they wish to touch people’s hearts and earn their embrace By Dharmendra Satapathy When investors hear our language they are dumbfounded and perplexed. Investment language is ‘abstract’. It is impossible to picture the insipid definitions that appear in the texts. While finance professionals may believe they speak English, the hapless customer hears French. One basic rule about good communication is, ‘help the listener imagine’; help him ‘picture’ it. Tell him ‘fast’ and ‘voila’ he can draw an image on his canvas popularly called the ‘mind’. When I say, ‘a...more
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Contactless Cards: Tap To Shop

The past couple of years have seen payments industry make tremendous strides in India. From the introduction of debit and credit cards to awareness regarding online banking, and now to the adoption of mobile wallets and contactless cards: the industry, it seems, is coming of age. -By Naveen Kukreja Several banks have issued contactless cards, with ICICI Bank leading the way by launching them the first time in January 2015. Their popularity has been on an upswing and this is evident from the fact that SBI plans to increase the number of Point of Sale (POS) machines to 1 lakh...more
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What is a Timeshare: Everything you Need to Know about it

Considering the average hotel unit cost per day for a consumer is likely to grow at 4% annually between 2006 and 2015, timeshares may look like good bargains. But with escalating costs of travel, food and local sightseeing, and Indians planning to increase their travel spend by 17% in 2015 for a holiday, is buying a membership to a vacation rental with a lot of fine print to read into, a good deal after all? By Manju Latha Kalanidhi If only saying #ChaloNiklo for a weekend trip with friends or an annual family vacation was as easy as it looks...more
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Smart Cities 101: The Questions Indians Are Asking

While a lot is being discussed and written on Smart Cities, these discussions tend to focus on lofty urban planning perspectives and complicated economic hypothesis. This has resulted in Smart Cities becoming something of an unfathomable doctrine rather than something that makes sense to Mr. Everyman. There are some fundamental questions that people have been asking about Smart Cities, and they need to be answered. Which are the services that a smart city will offer and it’s not available in ‘normal’ cities? Are we just talking of township level services provided at the level of an entire city, or is...more
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When A Star Fund Manager Quits

Imagine you bought all the tickets available in a train and then started selling them to different people who enter the station in order to make a quick buck. The train is about to leave and you still have tickets to sell. You begin to offer discounts. A tramp comes and buys one. Another is picked up by a criminal and another by a psycho who promises to pay later. The train is filled up with all kinds of people with only a few good men in between. Now can you imagine the fate of the journey? The criminal loots,...more
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PPF Can Be Converted Into A 5 Year Fixed Deposit

The popularity of public provident fund (PPF) comes as no surprise. Over 20 years, an annual contribution of Rs 1.5 lakh could grow to over Rs 72 lakh which is almost 48 times the annual investment (of course, the aforesaid calculation assumes a PPF interest rate of 8.5% p.a. Actually this rate is not constant but variable and market driven now). Anyhow, the assumption gives us a broad idea about the potential of PPF. And this capital built over time can serve multiple purposes like catering to the education of children, medical emergencies and even retirement. You would have noticed...more
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Mobile Money

First it was cash, then plastic money and now it’s the era of digital money. India has seen a stupendous increase in the number of e-Wallet apps and websites. Post Reserve Bank of India (RBI) chief’s announcement of giving licenses for payment banks, many firms have jumped into the race. Payment banks mean “Digital wallet or Mobile currency”. A payment bank could be a mobile service provider, supermarket chain, non-banking and financial companies. Digital wallets are fast changing the way people perform financial transactions. People are moving to the convenience of their mobile phones to do monetary transactions. e-Wallet connects...more
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