February 15, 2010

Investor’s watchman-Things to look for

This year has seen a lot of upsurge in stock market. If last year was a year of great fall, sorrow and depression, this year has seen the confidence coming back to streets. Things might be looking in a good shape, but we need to ask one question, ‘Are they really in good shape?’ because something, as devastating as recession, cannot be healed in few months. It’s a process which should take more time than it has, so we need to be more vigilant while looking for truth. The global economical situation has stabilized but still remains delicate. USA registered a positive GDP for quarter end September but analyst are not sure whether it’s temporary change or sign of recovery. In India, things have been quite different from west, recession has not been here at such a large scale but country has witnessed a slowdown in its economical growth. There has been a complete turnaround in last six months or so.

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February 15, 2010

India’s growing wealth

One more evidence of growing India’s wealth came with the publishing of Forbes’ rich list. Forbes published the list of billionaires in India. In one year, India has doubled the number to 52 in comparison of 27 in previous year. This has to do a lot with the surge in stock market and a robust economy. Stock markets have gained around 75 percent this year itself and country’s GDP have been around 7 percent. Mukesh Ambani being the richest Indian with 32 billion USD. India has shown that if conditions are favorable, it has potential to produce billionaires at a faster rate than other countries. The combined net worth of top 100 wealthiest Indian stands at $276 billion which is more than china’s $170 billion.

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February 15, 2010

Get ready to bear more pain

This might be the message to the people who have taken insurance for their domestic losses. Consumer may have to bear higher loss when they take any insurance policy for their losses. Insurance regulatory and development authority have given permission to domestic insurance companies to fix their compulsory deductibles. Compulsory deductibles are the amount which a insurer reduces from the claim amount. This means that consumer would bear that amount of loss. Till 2007, these deductibles were prescribed by the regulators. Though, after free pricing, premiums went down because of the competition, the deductible remains same.

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February 15, 2010

G-20 Summit

Top officials from developed and developing nations in London advocated various stimulus packages to boost the global economical recovery. G-20 group was also concerned about the participation of developing nations in international economy as they assured that developing nations will get greater say in international financial institutions. They were also concerned about high pay packs of the bankers. They mentioned that fiscal and monetary policies to help economy are here to stay for as long as they are required. The international fund has said that global economy is beginning a sluggish recovery from recession and increased the forecast of global economic growth to 2.5 percent from the earlier stated 1.9 percent.

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February 15, 2010

Flying business of life insurance

The Indian life insurance sector has seen robust growth for last 8-10 year. That is the primary reason why industry has seen so many new entrants and still so many applications with the regulator. The large portion of Indian population is insurable, but still the insurance penetration is very low and it provides a huge opportunity to increase their business. The Indian life insurance is expected to grow by about 15 percent in the current financial year. The industry is expected to make approximately Rs 2,55,000 crore for this financial year. Recently life insurance council Secretary General S B Mathur said that ‘Despite the slowdown in the economy, Life insurance industry has continued to grow as policyholders are realizing the value of insurance. We continue to be optimistic about the insurance business in India and expect the industry to grow approximately at 15 percent.’

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February 15, 2010

Energy efficient industry

Energy consumption, its preservation and environmental factors have been quite a hot topic of discussion among developing nations and industries. Developed nations have been putting a lot of pressure on developing nations over carbon emission norms but all that not well among developed nations also. They still contribute maximum towards total carbon emission. It’s not that easy to compromise on these issues as it requires a lot of compromise on industrial front. Developing nations as well as developed nations can’t afford to compromise on industrial growth at this level of economical turn. Industries have already been pushing hard for relaxation in these norms as it complicates the process the doing business for them.

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February 15, 2010

Economical Insurance for aquaculture

Aquaculture in India has growth very rapidly in last two decades. The fresh water aquaculture accounts for nearly 95 percent of the total aquaculture. The production involves carp in fresh water and shrimps in brackish water. The technologies of induced carp breeding and poly culture in static ponds have given a big boost to business. This has attracted a lot of farmers and small scale businessmen towards this business. This requires investment and sometime it may not yield desired returns or complete loss of that. There are insurance policies for aquaculture. It is currently 4.5 percent and 7.5 percent of the sum assured.

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February 15, 2010

Dubai impact

The united Arab Emirate (UAE) has a total debt of $184 billion. Bank of America-Merrill Lynch estimated that, as per them, region faces a heavy redemption schedule until 2013. Dubai announced that it is seeking to suspend payments on debt of its state-owned Dubai world and property subsidiary Naksheel. The announcement came as a complete shocker as the event has potential to reduce the pace of global economy recovery. Bank of America-Merrill lynch stated that it would severely impact the Gulf’s region economic recovery. Dubai accounts for $ 88 billion and Abu Dhabi for $ 90 billion. Global stock market came under huge pressure after the revelation.

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February 15, 2010

Dilemma surrounding investment in mutual funds

Recently, there was a change in the way mutual funds were being sold in India. Entry load has been removed now which means the entire amount a investor invest in a fund is reflected in the statement. It doesn’t sound big, but this move of removing entry load has completely changed the mutual fund industry in India. Mutual funds were mainly sold by the small financial advisors and brokers, who were getting commission from mutual fund houses. This commission was being derived from this entry load. Now, as there is no entry load, it has impacted the entire mutual fund industry. Mutual fund houses use to charge around 2.25 percent of the invested amount as entry load and companies use to pay commission from this 2.25 percent, sometimes a fraction of this and sometimes, the entire 2.25 percent.

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February 15, 2010

India’s Target: to cut carbon emission by 25% in 15 yrs

India today announced that it would reduce the carbon emission intensity by 20-25 per cent by 2020. This announcement came ahead of Copenhagen summit on climate change. India is going to achieve this by a series of policy measures which will include mandatory fuel efficiency standards. China has already announced a cut of 40-45 per cent, Brazil 38-42 per cent and Indonesia 26 per cent. Indian emissions are far below than most of the developing and developed nations.

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February 15, 2010

Diabetes Mellitus

Diabetes mellitus is a metabolic syndrome which is caused due to either lack of insulin or due to decreased responsiveness of insulin of peripheral tissues to secreted insulin. It is a disorder which comprises of abnormal metabolism, which results in high blood sugar level (hyperglycemia). Blood glucose levels are controlled by insulin, which is secreted by beta cells of langerhans of pancreas. It is characterized by,

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February 15, 2010

Personal Loan

Today we live in a material world. Our needs have grown many folds. Expenses are high and income is often not enough to contain it. To manage our financial need, we use many financial instruments. Investment in equity, mutual fund and life insurance are probably the most commonly used such instruments.  Savings do take long time to accumulate therefore we can’t use them in near term to fulfill our need like buying cars and home. For acquiring these assets we generally opt for home and car loan. There are certain situations where we neither have to buy a car or home but we need cash. But we are always not ready for any kind of urgency or just another big shopping. There are secured and unsecured loans for these kinds of situations.

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February 15, 2010

Tackling a financial crackdown

Recession is almost over now, recovery is on the tracks. There are still sometime in coming back to normal and  probably quite a few hiccups to survive but, worst is over. We should let this recession go without doing a self analysis. Corporate have done it, they have come up with ways of cutting down their operating cost and extracting profit from the average business scenarios. Last year, many of us saw job loss and cuts in salary. Most of us found it hard to survive with no or less salaries. It exposes lapses in our financials. We need to look into our own practices of money management.  Today, we feel a increased sense of job insecurity and with the growing size of economies and market, there won’t be a big deal, if we have to face one more recession or recession type downturn in next few decades, again.

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