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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February 15, 2010

Insurance for health – Health Insurance

Medical treatment bills can give us more pain than medical disorders. Medical treatments are very expensive nowadays and sometime end up sucking our entire savings. Precautions are better than worry so it’s better to insure ourselves against these kinds of adversity than worrying about them. The best option in current world is to go for a health insurance or medical insurance policy. Health insurance has come a long way in India. People far more aware about these policies and more and more people are opting for these policies. Government has done quite well in recent past to promote these things. Insurance companies are offering a lot of new and innovative product these days.

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February 15, 2010

Sailing through the tougher times

In the current market scenario, when millions of rupees/dollars are drowning every day, Life insurance companies are trying to play a safe bet. We have seen the fate of global insurance companies like AIG. Indian insurance companies are also losing huge money in stock market. Nav’s of their ulip policies are falling life never before. They realize the fact that they need to respond to these crisis. Insurance companies are largely dependent upon sale of their unit link policies. All the insurers collect 85 % of their total new business premium, is from the sale of unit link policies. Most of the products offered by companies are unit link & depend upon share market to perform. There is a proportionate rise or fall in nav’s of these unit link policies with respective move of the stock market. It’s been a year since markets has started falling and has nearly lost more than 50 %. This has an adverse effect on the capital of life insurance companies. They have started rebalancing their portfolios and restructuring their strategies. Though, Their has not been significant change in investor’s interest in unit link policies, but companies have already started shuffling their investments. They are trying desperately to go through this phase of typical bear market.

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February 15, 2010

Airlines going down

Jet Airways to sack 1900 employees.800 people have already got their notices, remaining will be receiving their pink slips in coming days. There can be more job cuts from other companies also. So, what exactly is happening? Truly saying, I don’t know. But, as per my perception, they are facing unprecedented losses due to bad government policies. They have to pay huge taxes, poor laws like one need to fly in domestic market before being eligible for international routes, fixed foreign equity, etc. but they have created the entire empire. They went very aggressively in their expansion plans, they bought new planes, hired too many people. Now, they are not able to sustain this. So, they are coming with these kinds of cost cutting methods.

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February 15, 2010

Jobs slashed

Jobs are cutting down. Economic slow down have compelled corporate to rethink & reanalyze their hiring strategy. Recently, when jet laid-off its employees, there was a lot of noise regarding government’s role in securing jobs. Though, after a lot of chaos, these people were taken back. Naresh goyal managed to save these peoples. But the future of thousands of aspirants is not certain; many of them are now looking at various alternatives. People who have left their studies & were looking for a early career in aviation industry, are now going to back to colleges. But this laying off concept is here to stay. Though as per labour law, if a company wants to sack more than 100 people, it will have to take permission from government, but there are other legal ways to sack people.

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