Test 1

India's current account deficit (CAD) for the March quarter was $18.1 billion, or 3.6 per cent of GDP, lower than expected and below the $21.7 billion deficit a year earlier. The current account gap for the full fiscal year ending in March 2013 was $87.8 billion, which was 4.8% of GDP, compared with $78.2 billion (4.2%) a year earlier. "I think there was a clear motivation on the part of the RBI to put the market at ease. It shows they were uncomfortable at the recent sell-off, and … [Read more...]

TESTING 999

DEHRADUN: Forty bodies of flood victims were recovered from Haridwar, taking the toll in the rain fury to 190 as operations to rescue over 9000 stranded in Kedarnath and Badrinath were stepped up with the deployment of 40 helicopters. As the magnitude of the tragedy continued to unfold, Uttarakhand principal secretary Rakesh Sharma said casualty figures can be "shockingly high". In Haridwar, SSP Rajeev Swaroop said 40 bodies of those killed in the flash floods and incessant rains have … [Read more...]

TESTING 678

NEW DELHI: A United Nations (UN) report has warned India that it is at greater risk by opting for public private partnership (PPP) mode of investment for raising its public infrastructure where the government has less control over its executing private partners and the latter has little interest in long term safety of the projects. A UN study, the Global Assessment Report (GAR) on disaster risk reduction, released earlier this month for Asia Pacific has warned India of its huge … [Read more...]

TESTING 456

DEHRADUN: Kedarnath valley, the temple town which was the epicentre of the Uttarakhand rain fury, was on Sunday cleared of all stranded pilgrims, as rescuers battled rains to evacuate 3,000 more people in the disaster in which the death toll is likely to cross 5,000. With MeT department warning of adverse weather in the region from Monday, the multi-agency operations raced against time to try to rescue remaining 19,000 stranded people stuck in three areas including Badrinath. Air operations … [Read more...]

TESTING 123

ZURICH/ NEW DELHI: India has slipped to 70th position in terms of foreign money lying with the Swiss banks and accounts for a meagre 0.10 per cent of total global wealth held in the Switzerland banking system. While much hue and cry is made over huge amounts of illicit wealth stashed by Indians in Swiss banks, the latest official data released by Switzerland's central bank shows that the money they owed to Indian clients at the end of last year was 1.42 billion Swiss francs (about Rs 9,000 … [Read more...]

FD vs Debt

Indexation Benefits … [Read more...]

PPF Vs Gold Vs ELSS

Assumption: Yearly Investment: Rs. 10,000, since 1996 till date Investment Period: 16 years Total Investment:   Rs. 10,000*16 = Rs.1,60,000 Period Ended Amount Invested PPF Account Gold Outstanding value of HDFC … [Read more...]

Debt Income Funds

Debt Market Overview RBI has increased the Repo Rate by 13 times to 8.5% since Mar 2010 Increased interest rates has directly affected India’s economic growth 16th Dec 2011, RBI kept Repo Rate unchanged, which clearly indicates RBI’s current focus being economic growth & not to curb inflation 24th Jan 2012, RBI reduced Cash Reserve Ratio by .5% to inject primary liquidity of Rs. 32,000 Crore in the banking system. RBI indicated that the cycle of rate increase had peaked and … [Read more...]