Indian Stock Market News and Views.
Economy
What is ASBA?
Jan 19th
SEBI introduced a new payment option ASBA (Application Supported by Blocked Amount) as an additional payment mechanism for the benefits of certain investors applied in IPO (Initial Public Offers). This option would be available to retail investors only. It is also an exclusively available payment option for the investors applying in right issue of shares, which means the additional shares offered to existing share holders of a listed company based on preference. According to the investors who experienced this new trend application, it is definitely a 100% success from SEBI’s new application. With this payment option the application money remains in the investors account until the shares are released. So no money is goes out from the investors account.
Tax Breaks How to avail them
Jan 7th
Tax related rules should evolve with time. There is no pre defined principles related to the tax rules. As we are going to the end of the current financial year it is necessary to set the formalities for tax saving. Tax break simply means tax saving. ie; anything that reduces the total cost of tax payment. It includes
Tax deduction
Tax exemption
Tax credit
Home Loan Switch Over
Dec 25th
Taking a home loan nowadays has become very simpler. The stress-strain situation of increasing home loan interest rate has been felt badly by most borrowers in the recent past time. Five years ago, the housing finance loans are came at an interest rate of 16-18%. But now they are available at 11-13%.Instead of all these, ‘home loan switch over’ schemes are more attractive for the borrowers as they offer floating point interest rates. That is switching to other financial institution that offers lower interest rates.
There are so many ways available to you for handling your home finance. Number of options is there to choose for reducing your prepayment amount. One option is to reduce the EMI to handle your monthly budget. Switch over the loan to the other one which offers a lower interest rate is another promising option. For easy handling, select the better route.
Investment options for senior citizens
Dec 15th
Have you listen the new ideas about the major investment options for senior citizens? The search for higher returns is now becoming a fairly common one. Life expenses are rising significantly and life styles are improving day by day. There for senior citizens have to face so many troubles related to their savings. Thus to live in better mode after retirement, it is necessary to choose the best investment option.
Choosing the right investment option is absolutely a tough task. Retirement specifies the beginning of a new phase in an individual’s life. It is a transition from a lifetime of work to a time when one can relax, spend time with the family and pursue other interests. Without a regular income, they have to spend their earnings before retirement for all his needs.
So, they need to find suitable investment plans to overcome these risks. Now many financial products offers high return packages. They provide a regular flow of income. Some of the important investment options are listed below.
Advantages and disadvantages of personal loan
Dec 12th
At any situation you don’t have enough cash for your need; personal loans will surely help you to overcome the misery. Personal loans are most probably the fastest and easily available loan product. However compared with other loans such as home loan, property loan etc, it is more costly. From bank to bank interest rate will vary based on your personal profile. As the nature of your employment changes, the interest rate should vary from 12-24%. There for before taking a personal loan, you should ensure that you get the best deal for your profile.
There are two kinds of personal loans. Secured personal loans (needs guarantor or security) and unsecured personal loans (doesn’t need guarantor or security). As compared with other kinds of loans they have some limitations. In the same way, benefits are also there. Even if personal loans are almost the best option for your urgent cash need, but you must have to take care of the benefits and draw backs related to them before going for a personal loan.
Mobile Banking How and What
Dec 10th
Mobile Banking
Now life styles are extremely fast as compared with the past. As the technology grows day by day, new revolution in each industry emerges and shining. We are going through the evolution of such kind of a digital world. That is everything that needs more time to handle will be available to operate with in seconds by the help of new technology. Mobile banking(M-banking or SMS banking) is such a new trend technology, it means a financial transaction conducted by logging on to the bank’s website using cell phone for checking account balances, money transfer, bill payments etc. Result will be sent back to the customer by a short message. Thus Cell phone (GPRS/WAP enabled) is the main source for this concept.
Insurance to meet financial needs at different stages in life
Dec 8th
There is no superlative down in the insurance sector as we are passing through the days of financial crisis. Day by day economist’s analyzes the financial growth and retardation in each financial industry including insurance sector, a small down is notified only in mutual fund products. This is due to the down of stock point values.
Insurance is simply a tool that can reduce or eliminate risks associated with life and property and also helps to develop long term financial plans there by getting high financial returns. The risks which can be insured against include fire, perils, death, accident, burglary etc. Insurance is thus simply a contract between the insured (a person who buying the insurance, also called policy holder) and insurer (company selling the insurance), the insures pay the financial losses suffered by the insured as a result of the occurrence of unexpected events. With the help of insurance, large number of people exposed to similar risk makes contributions to a common fund. These funds contribute to share the insured person’s loss. Different insurance products guards in a specific way as they have their own coverage options.
What is IIP ?
Nov 23rd
The Index of Industrial Production (IIP) compares the growth in the general level of industrial activity in the economy with reference to a comparable base year. In order to capture the structural changes in the industrial sector, the base year of the all-India IIP which was commenced in India in 1937 was revised in 1946, 1951, 1956, 1960, 1970, 1980-81 and 1993-94. The IIP numbers are released every month in India. The year 1993-94 is considered as the base year for comparison.
When to book profits or Profit Booking
Nov 19th
Over the past ten years investors had to contend with large losses and large gains due to the down and hike in the sensex. To overcome the loss of investors, the need for a financial strategy which enhances returns is very important. Profit booking is such a strategy which enhances returns.
Profit booking is the term that we use mostly in stock trade. Booking profit is nothing but encashing the stock when it reaches its target price or ‘gain in a share by selling it this is called profit booking, making profit by selling a share which has gone above its purchase price. It can be done by individuals or by big operators or by brokers.
Education Loans in India
Nov 16th
As the educational expenses are going higher, education loans have become a most well known method of funding higher education. Education loan is becoming popular because of the rise in the fee structure. This is due to the spreading of self financing institutions in the field of engineering, medical and management sides. These institutions have a very high fee structure, as they have less funding from the government. So funding higher education in India now becomes a tough task. With a certain limit this issue can be overcome by the help of education loans from various banks.
Both public sector and private sector banks offer education loans. It came in to existence in 1995 by SBI bank and after that many banks started offering education loan. As this loan scheme is not a main loan stream, people have no thorough idea about the terms and conditions.
For no doubt that education cost a great deal today. In today’s job trend, higher degrees offer better job opportunities. Education loans can help students to pay for their educational needs, so as to get jobs that are well paying and offer a bright future.
Full time Graduate and post graduate courses, professional courses include Engineering, Medical, Architecture, Management, Law, Agriculture, Veterinary, Dental, Computer etc are some of the courses that are applicable for getting education loan. Bank typically has their own list of courses, which are eligible for loans. They sanction loan for only that allotted courses. If you are looking for education loan first visit the bank to check whether the course you are going for is covered under the bank and also check the interest rates and general eligibility criteria.
