Month: October 2011
Below are all the posts archived for the month.
Highest Savings Bank Account Interest Rates in India
in Fixed Deposits
After the recent deregulation of savings bank account interest rates by RBI, at least three banks have hiked their interest rates. Yes Bank was the first one to raise the interest rates on savings account with all balances to 6%, and this was followed by Indus Ind and Kotak bank announcing interest rates hikes on
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Algorithmic and High Frequency Trading in India
in Investments
Algorithmic trading or algo trading is the use of computer programs and software to execute trades based on pre – defined criteria and without any human intervention. High Frequency Trading (HFT) is a subset of algorithmic trading, and this type of trading involves buying and selling thousands of shares in fractions of seconds. HFT came
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CNBC Gurus, Biases and Euro Debt
in Links
Let’s start this week’s links with Felix Salmon’s post about an unusual thing (at least to me) that happened this week – a Twitter fight – between a fund manager and a CNBC host. Here is an excerpt from Salmon’s post: As a general rule, it’s not a good idea to take investment advice from
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Section 80U Tax Deductions
in Tax
Section 80U tax deductions are over and above other deductions and are meant for people who suffer from disabilities. This section can only be utilized if you suffer from the disability yourself and is not applicable for parents, spouse or any other dependents. They have two classes of disabilities – one where the person suffers
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Tax Saving Fixed Deposit List
in Tax
One of the more popular options covered under Section 80C is the tax saver fixed deposits. These have a term of at least five years, and given the high interest rate environment we’re currently in – you can find a lot of banks that offer more than 9% on these tax saving fixed deposits. Here
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Happy Diwali Everyone!
in Opinion
I’m delighted to be able to wish you all a very happy Diwali for the third time through OneMint! This is a great time for me to thank you for reading, and contributing to OneMint by sharing your suggestions, suggesting topics, helping out other readers by answering questions, and being kind when I make mistakes.
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Savings Bank Deposit Rates Will Vary Now
in Fixed Deposits
The RBI deregulated the interest rate on savings bank deposits today, and this means that banks are now free to set the rate they want instead of the 4% that was fixed for all banks earlier. The main condition that RBI has put forth is that interest rates for all account holders with less than
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LIC Bima Bachat Review
in Insurance
LIC Bima Bachat is a single premium money back policy which gives you insurance cover as well as some returns on your money. Now, don’t fool yourself and buy LIC Bima Bachat if you want it for the insurance. A 30 year old will have to pay Rs. 67,058 to get a cover of Rs.
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DSP Blackrock World Agriculture Fund Review
in Mutual Funds
DSP Blackrock has launched a new fund of fund called DSP Blackrock World Agriculture fund, and it has just closed the NFO period on the 14th October 2011. DSP Blackrock has a few other unique fund of funds, and this adds to that basket by introducing a fund that invests in global agriculture businesses. Since
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Solar energy in Himalayas, Self Control and Learning
in Links
First up, researchers at MIT find that some of the highest levels of sunlight can be found in the Himalayas and that the cool climate makes the solar panels more energy efficient as well. This is quite contrary to thinking about solar panels in the scorching deserts, and I found the idea quite new and
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