Name: Malvika
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Bio: Malvika is a freelance writer who writes on a broad range of subjects for blogs, websites and ezines. You can reach her at: [email protected]
News Articles by Malvika
Say No to Readymade Pension Plans; Say Yes to Customized Retirement Planner for India
February 10th, 2012Readymade Pension Plans/ Retirement Plans:
The existing pension plans/ retirement plans in India are from the insurance companies. They are available in the form of traditional products or in the form of ULIP schemes.
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Indian IT co in the US have contributed $15 billion in taxes
February 8th, 2012The Indian infotech (IT) companies in the US have contributed $ 15 billion in taxes alone in the last five years, Foreign Secretary Ranjan Mathai said, stressing on the need to eliminate discriminatory actions.
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Leak Proofing your Personal Finance to build Wealth
February 6th, 2012Financial plumbing
Many have a tendency to complain about inflation, taxes and EMI’s as deterrents to saving and investments. But the question is are we making a conscious effort to save and control spending?
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To be or not to be in equity
February 6th, 2012Are You a Lender?
A study revealed that only 47% of Indian households had bank account. In addition every 3 out of 4 households had a quarterly bank balance of only Rs.5000.
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Bank to disclose defaulters in newspapers
February 4th, 2012India’s largest lender, State Bank of India, will name and shame ‘wilful’ defaulters and will display their pictures in newspapers to get them to pay up.
“The fresh approach will ruffle a few feathers,” the paper quoted a bank executive as saying.
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India Presents galore of opportunities for Investors
January 31st, 2012In a bid to improve the economy the Western world should get into emerging markets including India and China.
Stating that “sky is the limit for investors” in India, conglomerate Hinduja Group’s Co-Chairman G P Hinduja said the investment in the emerging countries would help both sides to improve their economies.
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Starbucks coffee in India by September
January 30th, 2012
Starbucks Corp, the world’s largest coffee company, signed a deal with Tata Global Beverages to open its first coffee shop in India, a year after it announced its retail foray into the country.
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Housing finance a priority sector for weaker sections
January 30th, 2012The apex bank of India, Reserve Bank said it is considering categorizing housing finance for weaker sections as priority sector lending by early next month to ensure adequate flow of credit.
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India in a better position to tackle slowdown
January 24th, 2012The International Labour Organisation (ILO) think India is expected to withstand the latest global slowdown better than most countries, if it ensures rising income levels for the working class and enough jobs for a growing working-age population.
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Financial Planning Lessons from Republic Day
January 24th, 2012Independence Day
India obtained its independence from British Rule on 15th August 1947. India became independent and wants to develop and prosper with its own decisions.
Constitution
Though we are independent, we were not having our own constitution.
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India among the most innovative country
January 19th, 2012India has been ranked the sixth most “innovative” country in the world in multinational conglomerate GE’s Annual Global Innovation Barometer, driven by financial support from public authorities and long-term support from investors.
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Reliance buyback could be biggest in Indian history
January 18th, 2012The buyback of shares announced by Reliance Industries has created excitement and interest amongst market participants.
Buy backs are considered positive because it shows that the management has belief in the company’s performance.
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New pension, life insurance scheme for overseas workers.
January 8th, 2012Fulfilling a long-standing demand, the Prime Minister, Dr Manmohan Singh, today announced a new pension and life insurance scheme for overseas Indian workers that would allow over five million workers, especially those working in the Gulf, to save money for the future.
Announcing the Government’s decision to introduce and sponsor the Pension and Life Insurance Fund at the 10th Pravasi Bharatiya Divas here, Dr Singh said the scheme will encourage the overseas workers to voluntarily save money for their resettlement and old age.
“I am happy to inform you that the government has decided to introduce and sponsor a new Pension and Life Insurance Fund for overseas Indian workers.
“The scheme will encourage, enable and assist overseas workers to voluntarily save for their return and resettlement and old age,” Dr Singh said in his address that was heard with rapt attention by over 1,900 delegates from 60 countries.
He said the scheme, which was recently cleared by the Cabinet, will also provide a low-cost life insurance cover against natural death.
“This scheme fulfils a long-pending demand of our workers abroad,” he said.
Under the scheme, the Government will co-contribute Rs 1,000 per annum for all subscribers who contribute between Rs 1,000 and Rs 12,000 per year. Women overseas workers will enjoy a special additional co- contribution of Rs 1,000 a year.
Referring to his Government’s decision to allow Non-Resident Indians to vote in elections, he said pursuant to the law in this regard the Government has issued notifications for registration of overseas Indians under the Representation of People Act, 1950.
Source – PTI
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Indian economy may do better in 2013
January 5th, 2012India’s economy will likely grow faster next fiscal year than in 2011/12 because of an improved external environment and a shift in policy focus from containing inflation to growth, a top government adviser said on Wednesday.
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Principles and Decision-making for wealth creation
December 30th, 2011Whenever people have surplus money, they want to invest. When they invest, they just want to act or execute. They don’t want to spend time on understanding the product and various investment strategies.
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