Trade, Labour and Transformation of Community in A...

This book considers the transformative impact of global trade and production networks on local economies, work and labor organization, and various forms and meanings of community. It examines the socio-economic transformation in Asia and the restructuring of manufacturing industries, ports and the information technology sector.

About the Author

MICHAEL GILLAN is Lecturer in employment relations at the University of Western Australia. His research interest (more…)

INDIAN DEBIT CARD...

Carrying cash with oneself can become quite a trouble especially if you are going shopping and need to buy stuff worth a lot of money. But carrying cash these days has become old fashion. People now prefer carrying electronic cash with is more compact and safer than carrying cash. It is easy too to keep a track as to how much one has spent.

Debit card is different from a credit card. Credit card is the card where you are given credit for a certain period of time. That credit has to be paid back to the credit card company along with the interest. Whereas in the case of debit card, the money you are spending is from your own bank account.

The Indian banks now offer debit cards to all its account holders for free. No interest or service charges are added to the billings of these debit cards. Also the debit card is not included in the list of Compulsory Income Tax Return Filling. These cards can also be used at ATMs for withdrawal of cash. For customers having a joint account can get the luxury of having two debit cards for the same account. The account holder can withdraw money a maximum of four times in a day.

ADVANTAGES OF FINANCIAL PLANNING...

With prices of all commodities sky rocketing these days and the future looking worse, there is a need to plan out all the finances well so as to save maximum money and be able to draw benefits from the money one has in the bank.

Be it budgeting household expenses or creating a savings bank account for one’s retirement or going for different policies to secure not only your feature but your family’s too, financial planning has become an important aspect. A good strategic financial plan will secure the future be it in the form of insurance or retirement plan and will help to maximize the money flow. Often people refer to certain firms so that they can get professional guidance to help them with their existing funds and advice them what to do with them. They tell you which schemes to go for, where to invest, which insurance to take etc.

Financial planning also helps determine the amount of funding a person may need, say as a personal loan or educational loan for kids. The main objective of financial planning is to keep the costs under control and extracting maximum benefits from the money which is in the bank.

India and the Global Financial Crisis: Managing Mo...

Review

‘If America had a central bank chief like Y.V. Reddy, the US economy would not have been in such a mess.’ —Joseph E. Stiglitz, Professor of Economics at Columbia University and Nobel Laureate, to NDTVOf all the central bankers I have encountered in recent years…Reddy of the RBI stands out for his perceptive warnings about the mounting perils in unbalanced asset markets and the real economy.’ —Stephen Roach, Chairman of Morgan Stanley Asia, in ‘Bloomberg Markets’’ (more…)

Why you need to be careful while using a credit ca...

Credit cards allow the person to purchase goods and services and pay for them later after some period of time. But one needs to be careful while using the credit cards.

If a person receives a letter from their credit card company stating that they have raised your credit limit, one should decline the offer as soon as possible because the higher limit are an invitation to spend more credit than a person can afford.
These days’ credit card companies are handing out credit cards to college student, but one has to be careful as after graduation, one will have to earn them by using credit responsibly. One should build an excellent history of using and repaying credit so that after graduating, one will have little or no credit card debt, thus can apply for loans with having a record of paying the money back on time.

One should also keep in mind while making purchase never to exceed the limit of the credit card, as that can attract a penalty and also a higher interest rate.

Another important thing to keep in mind is to always make the credit card payment well before time else one can be penalised of cash, paying a few days in advance is always better.

The ULIP saga...

A ULIP is a market-linked insurance plan .It came into play in 1960s and is a financial product serving the purpose of providing life insurance combined with savings at market linked returns .Part of the premium paid goes towards the sum assured, ie the amount you get in a life insurance policy and the rest of the premium is used to invest in a fund that invests money in stocks or bonds. In India the ULPIs are governed by the Insurance Regulatory and Development Authority (IRDA).

ULIPs are distinct from the more familiar ‘with profits’ policies sold by LIC’s. ‘With Profits’ policies are called so because investment gains are distributed to policy holders in form of a bonus announced every year.

The advantages of ULIPs is that – the investor knows exactly what is happening to his money and it allows the investor to choose the assets into which he wants his funds invested ;whereas  ‘with profits’ has no transparency and policy holder has a little knowledge of what is happening

ULIPs are similar to mutual funds in structure but their objectives are different. ULIPs have an edge if the investor has a horizon of 10 years or more, because it has high first year charges towards acquisition (including agent’s commission). Today, more than 70% of the new business premium for life insurers comes from ULIPs.

However, one should insure with a brand name that can be trusted to honour its commitment and service according to the requirements. Thus, ULIPs can be termed as a two-in-one plan in temrs of giving an individual the twin benefits of life insurance plus savings.

The Rise of China and India in Africa: Challenges,...

Review

“The emergence of China and India as key global players propelling what promises to be a new Asian era in world history is widely recognised by scholars as one of the most significant developments of our time. As can be expected, the literature that has mushroomed on the subject is replete with controversy. No where is this controversy more pronounced than with regard to the Chinese and Indian engagement with and in Africa. It is the distinct merit of this book that it esc (more…)

Mutual funds and India...

With the Indian markets in better position than the American markets, people may look to invest their money in the Indian markets and hope for good returns.
With the sensex at over 17k mark, what comes in mind of an investor is to whether to go for stock exchange or for mutual fund.

Mutual fund is ideal for those people who have less knowledge of the market, and have less time to spare to keep a track of all the buying and selling of stocks and keeping a daily tab and doing proper research on companies where one wants to invest.

Mutual funds are one of the best financial tools offered to the public by the finance houses.
Mutual funds are an easy access to invest in the complex financial market for people who want to be hassle free yet get a share of the pie.

A few advantages of investing in a mutual fund are:

• Diversification where the money isn’t invested in just one company to reduce the risk involved of investing in just one.
• Liquidity to allow the investor to access his money at any time if he needs to.
• Well regulated and monitored by big finance houses of the world.
• Affordability where even a person with less capital is able to invest.

Bharti Axa Life Insurance...

With health risks growing every day, the life of human being is just getting tougher and tougher. With new diseases and health risks always on the prowl, what does one to secure his and his family’s future is the question they face all the time. But thanks to life insurance offered by different companies, they can breathe easy. One such company is Bharti Axa Life.

Having just started in the year of 2006, Bharti Axa Life has made a name for itself as a life insurance player among the heavy weights of LIC, Bajaj Allianz and ICICI to name a few. Started as a joint venture by Bharti enterprise and AXA group, they have a strong and well trained distributor base to provide financial advice as well as insurance solutions to all its customers.

Trust is what customers these days are looking for in companies, a place where they feel their money is safe and where all that has been promised to them is given. Keeping this very notion in mind, Bharti Axa Life makes sure that all its clients get what they are promised. Winning the confidence of its customers isn’t very easy, but Bharti Axa Life has done so with its attentive, reliable and available attitude.