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SIX FINANCIAL SECURITY STEPS FOR SINGLE WORKING MOMS

Six Financial Security Steps For Single Working Moms The shift from double income to single impacts everything from your savings to the standard of living Being a single parent, the entire responsibility of taking care of your family and keeping them financially secure rests on your shoulders. This can be challenging if you are a single working mother. The cushion of falling back on your partner’s income does not exist anymore. The shift from double income to single impacts everything from your savings to the standard of living. The situation is worse if your partner was the one who made...more
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SHOULD MARKET VOLATILITY DICTATE SALE OF YOUR INVESTMENT?

Should Market Volatility Dictate Sale of Your Investment? Most fund managers, in an effort to spike the return, even take a higher exposure in equity. But, you rebalance your portfolio when it turns riskier and market is volatile As we write this, the Sensex is down around 13% (25,863 points) from its peak of 29,681 points that was reached on 29th January, 2015. The volatility has been rather pronounced from the beginning of the year and investors are nervous. Over this time, there have been various reasons being ascribed for this volatility – ranging from the tax authorities wanting to...more
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HIGHER LTV RATIO MEANS AFFORDABLE HOMES?

Higher LTV Ratio Means Affordable Homes? The central bank has increased the LTV for housing loans to 90% for borrowers whose property value is not more than Rs 30 lakh If falling interest rates and bank festive home loan schemes were not good enough reasons for you to take a home loan, the Reserve Bank of India has made an announcement recently that could make borrowers ecstatic. As per the new announcement, the central bank has increased the Loan-To-Value ratio (LTV) for housing loans to 90% for borrowers whose property value is not more than Rs 30 lakh. Earlier, this...more
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The Significance of Muhurat Trading During Diwali

The Significance of Muhurat Trading During Diwali Muhurat trading is the stock market trading activity for an hour on the auspicious occasion of Diwali (Deepawali). The culture of muhurat trading is derived from Gujurati’s who are most dominant investors on Dalal Street. This trading session is held in the evening on Diwali day. The practice of muhurat trading has been retained and observed for ages. The time of the muhurat trading is specified by the stock exchange. A nominal trading time is allowed. Usually, the Sensex closes on a higher note on the muhurat trading day. The investors on Dalal...more
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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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