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Archive for the ‘NRI Investing’ Category

An Indian making waves in Gulf commerce industry

Kerala-born M. A. Yusuffali is today dubbed as one of the most influential Indians in the Gulf Cooperation Council (GCC), a political and economic alliance of six Middle Eastern countries – Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman.

He is the first non-Arab elected member of Abu Dhabi Chamber of Commerce and Industry, Khaleej Times reported.

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How to increase fixed income?

Inflation and the rising coast of the basic necessity items in the year 2010 have made the common man to struggle and adjust with the available finance.

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Tips for NRIs: Selling Your Property the Right Way

NRIs, being an important and crucial segment of the Indian Real Estate Market are showing equal keenness to have a house back home, and the Real Estate Market is all set to woo the diaspora.  Not only the NRIs, but the POIs (Persons of Indian Origin) share the benefit.

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Foreign investments is going strong in Indian market

Two years ago the Indian stock market came down crashing when the foreign direct investors (FDI) took around $ 5 billion out of the Indian market.

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Attractive Home Loans for the NRIs

Are you an NRI and looking for a home loan? Then you don’t have to worry about it anymore, because most popular financial institutions and leading commercial banks in India are offering a home loan especially for the NRIs.

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Financial Investment Plans for NRI

India possess a feature that it is source of pride for them that it is the second growing economy in the world and is a great place for NRI’s to seek the new investment plans and opportunities.

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How to Find the Best Building Constructor?

For years you have been planning to build a house, but it has been eluding you all these years, because of one or the other difficulties. Now, everything has fallen into place, and you are ready.  Finding the best builder is the next step.  Following are some guidelines to select one.

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Is PAN card necessary for an NRI?

Income Tax Department issues the PAN card or the Permanent Account Number card, which is a laminated card with 10 digit alphanumeric number.  A PAN card is not a must for the day to day life, but if you want to invest in share market, claim refunds on TDS etc., better have to posses a PAN card.  If you have a PAN card; property deals, getting telephone connection, opening bank account, all becomes easy.

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Which Life Insurance Policy Is The Best For Your Parents?

There are a lot of life insurance policies suitable for our parents who are retired, old, men and women.  All Insurance companies, national or private, cater to the needs of the elderly.   Though, you are able to provide food and shelter to them, you may not be able to afford high hospital bills, if they fall ill.  So, it is advisable to choose a policy with medical claims, because with old age your parents are prone to diseases easily.

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The Increasing Wealth Management Services

There are people who have a lot of money, but don’t know how to invest or deposit it wisely.   They just leave it in the bank as dead asset.  Sometimes they trust their friends or relatives and invest in some foolish schemes.  These schemes may or may not give them returns.  This is where the Wealth Management Services come in.

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Plan To Avoid Tax Payment

Not paying the tax is a punishable crime, but making use of the various loop holes in the income tax rules, to avoid paying the tax, is not a crime.  For that, you need a thorough understanding of the income tax laws and its present amendments.

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How to buy precious stones?

Today the precious stones are not only the item related to the astrology but also being an ideal way to show your status, wealth and power. Therefore many NRIs are trying to invest their money into these precious stones.

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IOB hiked deposit rates, Central Bank reduces rates of loan for doctors, revise deposit rates

On Monday Indian Overseas Bank (IOB) has revised its deposits interest rate. The revised rates will be effective from March 15. As per revised rates for deposits of less than Rs 1 crore for tenure of 270 days and less than one year, the rate has been fixed at 6%, while for one year to less than five years at 6.75% and five years and above at 7.25%.

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MFs dig infra for big bucks

The mutual fund industry didn’t get anything from the finance minister, but that has not stopped them from exploring how they could work out some of the other proposals in direct taxes to their advantage .

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Slowly banks are raising fixed deposit rates

In the coming months fixed deposit can again be a good investment option as the deposit rates are on their way up. But the things will get better in fiscal 2010-11.

Last week HDFC Bank had raised its deposit rates by 25-150 basis points (one basis point equals one-hundredth of 1%) across various terms.

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