Money

Non Convertible Debentures – Points to consider while buying NCD’s

Non Convertible Debentures – Points to consider while buying NCD’s

Non Convertible Debentures (NCD’s) refers to Debentures which cannot be converted into Equity Shares. NCD’s higher Interest Rate as compared to normal debentures as they cannot be converted into equity shares unlike their counter-parts which have an option attached to them which entails the owner of the Debenture to convert the Debentures into Equity Shares at a pre-specified price on ...

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How to buy Online Insurance and DISCOUNTS on buying Insurance Online

How to buy Online Insurance and DISCOUNTS on buying Insurance Online

Online Insurance Covers are fast becoming the new rage and to promote the same Companies are also offering Discounts on buying Insurance Online. With the Introduction of Health Insurance Portability, many Individuals have started opting for transferring their Insurance Product from one provider to another as a result of which the competition has also increased. Online Insurance is getting popular because, apart from ...

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Planning your Finances for a better tomorrow

Planning your Finances for a better tomorrow

We all tend to work very hard from day till night to earn a comfortable living. We not only work to earn a better living today but also with an aim to improve the standard of living of our family in the future. We also have this tendency to save for the future as you never know when any unforeseen ...

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Maximum Limit of sending money from India to US & Other Countries

Maximum Limit of sending money from India to US & Other Countries

With the advent of Globalisation, more and more Indians have now started settling abroad. They are not only settling abroad but have also started sending money from India to US and other Countries. As a step towards further simplification and liberalisation of the Foreign Exchange facilities available to resident Indians, RBI had announced the Liberalised Remittance Scheme in February 2004. ...

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What is NRE Account & Interest Rate for NRI’s in India

What is NRE Account & Interest Rate for NRI’s in India

NRE Account stands for Non-Resident External Account and is a Rupee account unlike FCNR Account which can be opened in Foreign Currency. NRE Account can be opened either in the form of Savings, Current, Recurring or Term Deposit Account. Such accounts can be opened only by the NRI himself and not through the holder of the power of attorney. Key ...

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What is FCNR Account? Fixed Deposits for NRI’s in India

What is FCNR Account? Fixed Deposits for NRI’s in India

Mobility of Human Resource is the current trend in the corporate world. Many Indians who go abroad for employment opportunities are referred to as Non Resident Indians (NRI’s) or as Persons of Indian Origin (PIO’s) depending on their Residential Status. Many such Indians residing abroad prefer to invest their surplus funds in India as the Interest earned in India is ...

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Prepayment and Refinancing as tools to reduce the increasing EMI’s

Prepayment and Refinancing as tools to reduce the increasing EMI’s

Has the Interest Rate caught you off guard and you are in a situation where you don’t see a way to cope with the rising EMI’s of floating home loan rates? Had you known about the steep rise in interest rates in advance, you would have managed your finances in a better way, but what can you do if you ...

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What is Reverse Mortgage – It’s Meaning, Importance & Taxation?

What is Reverse Mortgage – It’s Meaning, Importance & Taxation?

Most people cherish a lifetime ambition to own a house property, which normally materialises while they are in active economic pursuit. Time comes, soon after retirement to reflect upon the need for cash resources to sustain their livelihood. Though they may own, possess and enjoy staying in that house, cash flow issues crop up and at this juncture, owning house ...

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World in for Next Big Depression – Fall of U.S.A the Bubble

World in for Next Big Depression – Fall of U.S.A the Bubble

This article has been compiled by CA Prashant Singh You can also get your own articles published by mailing them to us at admin@charteredclub.com ———————————————————————————————————————————————————– We see global financial crisis tsunami every two years 1998, 2001, 2006, 2008 and again 2011, Why? What’s wrong with the fundamentals? Is our global economy riding on another BUBBLE? What can stabilise it? Let ...

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How will S&P’s downgrade hurt the US and impact Americans in 7 ways

How will S&P’s downgrade hurt the US and impact Americans in 7 ways

After almost a century of gaining the coveted top spot of AAA Rating, America has now lost it. It no more enjoys the privileges of AAA Rating after S&P downgraded America’s credit rating to AA+. This downgrade came after the Congress failed to cut down on the budget spending and America’s borrowing limits. The chances of a downgrade were looming ...

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