The Equated Monthly Installment (EMI) of a loan is calculated according to the following formula. EMI = (P x i) (1+i) n (1+i) n - 1 Where, ...
Credit Card Dues
With the interest rate on credit cards increased to 49% , paying credit card dues on time has become more important than ever. This article ...
Is Average Quarterly Balance Fine ripping us off?
In India, most of the private sector banks charge a hefty fine on their customers for not maintaining the required Average Quarterly Balance...
Investing in times of recession
One of the reasons why the stock markets are taking time to comeback is the lack of ‘investible’ money in the hands of people. Most of the m...
India’s GDP growth slipped to 5.3% in the third quarter
India’s GDP growth slipped to 5.3% in the third quarter (October ~ December 2008) of the financial year. There were speculations that India...
Government cuts excise duty and service tax
The Government of India has reduced excise duty and service tax by 2 percent in its Interim Budget. The general excise duty has been reduced...
How to protect yourself from credit card theft or loss?
Credit card/debit card theft or loss may happen to anyone, anywhere, any time. To its worst case, consider a situation where a theft or loss...
Certified International Investment Analyst (CIIA)
The Certified International Investment Analyst (CIIA) is a designation offered by the Association of Certified International Investment Ana...
What is Interactive Financial eXchange (IFX) Standard?
The advent of Information Technology (IT) has helped the Financial Services Industry in more number of ways than we can ever imagine of. Fro...
Tax
The Internal Revenue Service (IRS), which is the tax collecting authority in the United States, demands that 30 percent of the winning amoun...
The Rising Gold
The markets seem to hold a Midas’ touch these days. Don’t get me wrong as I am not talking about the volatile stock markets, but about all t...
Highest paid CEOs in India
The global economic crisis is holding strong and CEOs across the world are taking pay cuts (forced, or by their own free will) as a means to...
Highlights of India's Interim Budget
Here are the key points of Pranab Mukherjee's interim budget. > Economy grew at 9% for 3rd straight year > Per capita income grew ...
How to best manage your credit card?
Credit cards are very useful and handy if used wisely and if not used wisely, it can give so much of a head ache. So the knack is to use the...
Legal help for taxation issues
Generally, people tend to see taxation as a meager formality and presume that it is something that is mostly unnoticed by the tax authoritie...
Avoid owning multiple savings bank accounts
A large number of people own savings accounts in several banks. Some are inherited from their previous jobs while some are opened to avoid t...
Govt. gives Rs. 3800 crore to 3 banks to raise capital adequacy
The Government of India has announced a Rs. 3800 crore (Rs. 38 billion) fund infusion into state run banks, UCO Bank, Central Bank of India...
Lessons from the sub-prime crisis
On Tuesday, the US senate passed the $819 billion economic stimulus bill , the second of the rescue package for the drowning US economy. Oth...
Financial Risk Manager (FRM) certification for a career in Risk Management
The Financial Risk Manager (FRM) is a certification in Financial Risk Management conducted by the Global Association of Risk Professionals ...
India could soon beat China in GDP growth rate
The current global economic decline and a sharp fall in an export dependant China’s GDP growth rate could make India the fastest growing amo...
Can we compare credit cards?
When it comes to credit cards, one should be choosing it very wisely as there are umpteen numbers of credit cards on offer by various financ...
Finacial Control
Even though the plastic money has lot of advantages, credit cards are one of the dreaded financial instruments as far as consumers are conce...
HDFC Bank MD Aditya Puri is CNN-IBN Indian of the Year 2008 (Business)
HDFC Bank Managing Director Aditya Puri is the CNN-IBN Indian of the Year 2008 (Business category) . Given in six categories - Politics, Spo...
Interest rate on credit cards to increase to 49%
Banks can now charge an annual interest rate of up to 49% from credit card customers for late payment (revolving credit). Earlier it was cap...
Balance Sheet, Cash Flow Statement and Saving Tax
The balance sheet is one of the key financial statements of a company and is of particular interest to an existing or prospective shareholde...
Rise in NRI remittances to India
Despite economic recession, Indians working abroad had sent a record $40 billion as remittances to India in just 9 months of calendar year 2...
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