Gold Reserves and Demand

As per World Gold Council statistics, the world official gold holdings as of September 2010 stands as follows. # Country Gold Reserves (Tonn...

What is ISIN?

ISIN or International Securities Identification Number is a 12 character alpha-numeric code that uniquely identifies a security, across the ...

What went wrong with RBS?

A nice and indepth article that came in The Economist, which describes what went wrong with RBS .

What makes Swiss Bank Accounts safe and secure?

Recently, discussions about Swiss Bank Accounts came into prominence in Indian media further to the revelation that Indian nationals have a ...

What is SWIFT?

Being an NRI (Non Residential Indian), once in a while I sent money to India . Unlike before, nowadays it all happens online and is quite ea...

L, V and U Recessions

These are the types of recessions according to economists worldwide; i.e. L-shaped, V-shaped and U-shaped ones. L-shape recession is a rece...

Top 10 financial centers of Asia

According to the six-monthly Global Financial Centers Index (GFCI) compiled by Z/Yen Group, the top 10 financial centers of Asia are, 1. Sin...

The Great Depression

The Great Depression of the 1930s is the economic slow down that everyone often compares with other economic slumps. ET has compiled this pi...

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...

Tax

The Internal Revenue Service (IRS), which is the tax collecting authority in the United States, demands that 30 percent of the winning amoun...

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...

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...

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...

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...

Online money transfer to India for NRIs

With the advent of SWIFT and other international inter-bank money transfer networks, the importance of other retail value transfer systems ...

The Rupee

Here is an interesting statistic of Rupee, the common name of the currencies used in India, Pakistan, Nepal, Sri Lanka, Mauritius, Seychelle...

WallStreet crumbles

- Lehman Brothers, files for bankruptcy . - Bank of America to save Merrill Lynch from the same fate by buying it for $50 billion . - AIG lo...

Financial tidbits

As the world economy continues to remain blunt, in the US the subprime mortgage lending crisis is still not over despite statements from the...

Effects of oil price increase on world trade/globalization

Oil is conquering new heights every day. With 145 dollars a barrel , it is the single largest commodity affecting world economy today. Does ...

How India contributes to global oil price increase?

The price hike on petroleum products in India, barring kerosene, seems to have settled down comfortably into Indian minds. But, like I have ...