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Difference Between Public Sector Banks vs Private Sector Banks

The age-old debate of a private sector bank versus a public sector bank continues even today. While the younger generation generally prefers private banks, the older generation tends to stick to public sector banks. When it comes to loans, this choice needs to be made even more carefully, as it is not as easy to walk out of a bank loan as it is to close a savings bank account. This becomes especially true when long term loans like home loans or education loans are in question. Therefore, one has to carefully evaluate the positives and negatives of both public...more
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Chinese Checkers: The Impact On India

The persistent economic growth slowdown and China’s aim to become a global leader have prompted it to take the revolutionary decision to devalue its currency. It is reported that China could be willing to let the yuan depreciate gradually by as much as 25% over the next five years. Indian economy can reap benefits in the long run as import costs and commodity prices fall but sectors like textiles, steel, metals and tyres may suffer. The world is passing through some very challenging trends. Nervousness gripped Indian markets with worsening global growth outlook accentuated by the Yuan devaluation that has...more
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Unleashing Enterprise

Angad Daryani, a 15 year-old from Mumbai, made headlines recently for building India’s first 3D printer. The young entrepreneur believes he can price it around Rs 20,000 ($335) which is a fraction of imported global brands that cost Rs 2.5-10 lakh. Angad is testimony to India’s potential leadership in ‘Affordable Innovation.’ I believe India has many bright youngsters like Angad with simple yet brilliant innovative ideas that can enable affordable access to cutting edge technologies which can make life enhancing changes. All we need to do is to provide these bright minds the right ecosystem to ideate and innovate. I...more
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ITR Filling Process – How to File Income Tax Return Online

Tax filing is in full swing and thousands of taxpayers are mostly struggle on how to file income tax return. Websites like ClearTax capture the data from your Form 16 when you upload the document on the website, and help you if you are confused on how to file income tax return. Follow these 7 simple steps to file income tax return online. Step 1: Gather All Documents Form 16 is the single-most important document to file income tax return for salaried individuals. Form 16 is an annual statement issued by the employer to salaried individuals carrying details of the...more
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Forex Trading: Do it The Right Way

The many myths around currency trading By Jitendra Parasher It’s quite common to see alluring advertisements in business publications, online platforms and television channels about the magical wealth creating potential that currency trading offers. Currency trading is often pitched to consumers as less riskier than buying or selling stocks, and more steadily profitable. In general, forex or currency trading is a big black box for small investors. Those who get into it, taking the bait of offered by clever marketers, often find themselves trapped in a vicious cycle of loss making trades. The promised Eldorado never materializes. This leads them...more
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The Ambition To Leap

If India continues on its current growth course, it could have a $5.6 trillion economy in 20 years. To create a $10 trillion economy, India will need to accelerate its growth to 9% CAGR over the next 20 years. A recent report by services firm PwC suggests the way forward....more
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State of The Economy

Sustained economic revival needs a slew of measures, at regular intervals, over a period of time, and in a coordinated manner By Alam Srinivas Last week, a friend accosted me at a Delhi club. He asked me, “Why don’t you write a book on the slowdown in the Indian economy and when the good days are likely to arrive? Everyone I meet – from a mid-level manager to owners, big and small, from an auto rickshaw driver to a construction worker – wants to know the answers.” The conversation set me thinking. My friend was right. As a journalist, I...more
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Money Chat

A monthly series in The Finapolis where we talk to a diverse set of families to understand their attitude towards fi nancial planning. Our in-house fi nancial advisor offers his suggestions for a more robust portfolio. If you’d like to talk to us and be featured, write in to: feedback@thefi napolis.com Monish Selvadia, 32, was born and raised in Mumbai. The family is into the business of trading and manufacturing of diamonds and diamond jewellery. He joined into family business 15 years ago while studying his B.Com degree. His wife Jeenal, 29 delivered twin boys (Mitansh and Tarush) 14 months...more
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Harnessing Consumerism

KV Kamath is non-executive Chairman of Infosys and of ICICI Bank. An alumnus of IIM, Ahmedabad, he began his career in 1971 at ICICI, and played a crucial role in transforming ICICI into a technologydriven financial services group and the first universal bank in India The Indian economy is at a critical juncture in its time in history. It is important to identify our biggest opportunities and work towards leveraging them. In my opinion, they are our demographic dividend, the emergence of a large consuming class, especially growing rural consumption, and the inherent need for infrastructure development in our country....more
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From Greece To China: A Global Contagion

The Indian markets have been resilient in the face of global instability. But dithering on reforms could suck us in too By Kiran Nanda Global financial volatility and uncertainty have become the ‘Writing on the Wall’ for emerging markets including India. However, India’s large foreign exchange reserves cushion has made the rupee more resilient to global shocks. Apart from developments like the Greek debt issue and Chinese meltdown, the divergent central bank policies and commodity markets losing their way in the changed environment pose risks of a new crisis. For India, with its appetite for foreign capital amid a number...more
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