Month: January 2012
Below are all the posts archived for the month.
Posting will be light for a month
in Opinion
Just a short post to say that I’m off on a vacation for about a month as two of my cousins are getting married and I have a lot of traveling to do. In the past I’ve written posts in advance and invited guest posters but this time I just decided to take a break
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NHAI Tax Free Bonds Allotment Complete
in Fixed Deposits
A few people have commented about receiving an SMS for the Demat allotment of NHAI tax free bonds, and if you applied for these bonds, and haven’t got any notification yet, you should check your Demat account in the next few days and they will most probably show up there. In the past I’ve seen
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Financial Planning Clinic, Mis-selling and Consumer Protection
in Links
Let’s start with Bemoneyaware’s post on mis-selling and mis-buying which is a comprehensive article with takes from many people on the subject. It has links to a lot of articles and viewpoints about the topic and the one thing that I’d like to say about this issue is that usually not enough responsibility is placed
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Which countries does India import its gold from?
in Economy
Last week I wrote about the heavy imports from Switzerland and how gold forms the majority of it, and I went to look for the other countries that India imports its gold from. Switzerland is by far the biggest exporter of gold and the next biggest exporter – UAE is just about a third of
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How are banks calculating interest on savings accounts?
in Fixed Deposits
Late last year RBI deregulated the interest rates on savings accounts and allowed banks to set their own rates. This resulted in banks raising their interest rates and creating two slabs of under a lakh and over a lakh. For example, Yes Bank offers 6% on the saving bank balance of under Rs. 1 lakh
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HUDCO Tax Free Bond Details
in Fixed Deposits
This article is an older article about the HUDCO bonds that were issued last year, click here to read the latest review of HUDCO tax free bonds. Like Indian Railways, HUDCO is also going to come up with tax free bonds starting on the 27th January and they offer a slightly higher rate, just a
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Indian Railways Tax Free Bond Details
in Fixed Deposits
Indian Railways announced the details of their tax free bond issue, and Shiv emailed me the term sheet today. There is one new and interesting thing about this offer which I’ll come to in a while but before that let’s take a look at the other regular details of these bonds. There will be two
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Reliance Share Buyback Details
in Investments
Reliance Industries Limited (RIL) announced a share buyback plan along with their quarterly results on Friday, and the main thing to remember about that buyback plan is that Reliance Industries is going to execute it through an open offer and buy the shares from the open market. This means that the company will go and
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Tax Free Bonds Calendar 2012
in Investments
PFC and NHAI recently came out with tax free bond issues, and two more companies have filed a draft prospectus with SEBI to issue tax free bonds. These two companies are HUDCO (Housing and Urban Development Corporation) and Indian Railways Finance Corporation. Although the dates and details are still not out – I thought of
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Exchange Rates, Wills and Twitter Democracy
in Links
To start with, Jitendra Solanki writes about Apollo Munich Optima Restore which is a health insurance plan that has got some features which make it attractive relative to other plans. Ranjan writes about a new IDBI portal to buy government securities from. This is the first of its kind and I will look at it in
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