Electric Indica within 12-14 months : Tata
Wednesday, November 25, 2009
Tata is planning to launch Electric Indica in India and abroad within 12-14 months.
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IPL is worth $1.65 billon : ‘hottest sports league' - Forbes
Forbes called IPL the world’s ‘hottest sports league’ because it worth IPL is worth $1.65 billon now. IPL is growing into a global brand.
Read more...PSUs offer better salaries than private companies
US Insurance Fund went into deficit banking sector back to profit
According to The Federal Deposit Insurance Corp. FDIC government insurance fund went into deficit for the first time since 1992. Bank and thrift earnings have improved.
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Saving Scheme for Retiring Person of Public Sector Employees:
Tuesday, November 24, 2009
Return of 9.5% payable half-yearly on 30th June and 31st December respectively.
Minimum Rs.1000/- and the maximum limitation is the amount equal to total retirement benefit.
Operated by retired PSU employees in his/her own name or with the spouse, jointly.
Maturity period is 3 years.
Tax free.
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Minimum Rs.1000/- and the maximum limitation is the amount equal to total retirement benefit.
Operated by retired PSU employees in his/her own name or with the spouse, jointly.
Maturity period is 3 years.
Tax free.
Schemes For Retiring Person
Government Employees :
Return at the rate of 8% per annum.
The minimum investment is Rs.1000/- and maximum amount equal to the total retirement benefit.
Maturity period of this scheme is 3 years.
Scheme is tax free.
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Return at the rate of 8% per annum.
The minimum investment is Rs.1000/- and maximum amount equal to the total retirement benefit.
Maturity period of this scheme is 3 years.
Scheme is tax free.
Tax Saving Schemes India
Public Provident Fund (PPF)
Interest rate of 8% p.a.
The minimum investment limit is Rs. 500/- and maximum limitation is Rs. 70,000/-.
Operated - singly or jointly.
Maturity period of 15 years.
National Saving Schemes (NSC)
Operated singly, jointly
Interest rate 8%.
The minimum investment limitation of the scheme is Rs.100/- and with no upper limit.
Maturity period of 6 years.
It is transferable
Provision of loan on the basis of this scheme.
Kisan Vikas Patra (KVP)
8 years
There is a minimum investment limitation of Rs.100/- with no upper limit.
This scheme is available throughout the year.
operated either singly or jointly.
nomination is also available
No tax benefit
Post Office Scheme (POS)
It can be operated by either singly or jointly.
It is available throughout the year.
categories:
* Monthly Deposit
* Saving Deposit
* Time Deposit
* Recurring Deposit
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Interest rate of 8% p.a.
The minimum investment limit is Rs. 500/- and maximum limitation is Rs. 70,000/-.
Operated - singly or jointly.
Maturity period of 15 years.
National Saving Schemes (NSC)
Operated singly, jointly
Interest rate 8%.
The minimum investment limitation of the scheme is Rs.100/- and with no upper limit.
Maturity period of 6 years.
It is transferable
Provision of loan on the basis of this scheme.
Kisan Vikas Patra (KVP)
8 years
There is a minimum investment limitation of Rs.100/- with no upper limit.
This scheme is available throughout the year.
operated either singly or jointly.
nomination is also available
No tax benefit
Post Office Scheme (POS)
It can be operated by either singly or jointly.
It is available throughout the year.
categories:
* Monthly Deposit
* Saving Deposit
* Time Deposit
* Recurring Deposit
Gold the safe place for your money
As the financial markets down due to recession gold is rocking the market by gaining its prices. Gold is becoming hot place to invest.
China reported 600 metric tons of gold reserves at the end of June, or 1% of its total cash reserves. At today's prices, that's about $16 billion worth, or about 20 million ounces, less than half a percent of the estimated total gold in existence.
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China reported 600 metric tons of gold reserves at the end of June, or 1% of its total cash reserves. At today's prices, that's about $16 billion worth, or about 20 million ounces, less than half a percent of the estimated total gold in existence.
World's cheapest car in India at $2,467
600-cubic-centimeter engine
33-horsepower engine
80 mph
Tata to produce 80,000 Nano units before March 2010 Read more...
Big Three Economies in 2050 will be China, U.S. and India
Brazil, Russia, India and China are the 4 economies that will shine in 2050. If you are the kind of investor then do one-third of that allocation with a BRIC fund and invest large percentage of assets invested in emerging markets. Japan and the United States will remain in the G6, but Japan's economy will be overtaken by India's by 2032. China will supplant the U.S. as the world's top economy by 2041. BRIC countries will have knocked other G6 countries. Big Three economies in 2050 will be China, the U.S. and India, in that order, followed by three much smaller siblings, Japan, Brazil and Russia.
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Joint Home Loan to Co-Borrowers
Saturday, November 21, 2009
Housing loan makes eligible for tax rebates for co-borrowers. Joint home loan can only be availed by a minimum of two and maximum of six applicants. A joint housing loan is given to married couples or close blood relatives like parent and child. Some banks allow brothers to take a joint home loan provided they will both be co-owners of the property. More Info
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