Government Says Safeguards in Place to Prevent Misuse of P-Notes

Minister of State for Finance Jayant Sinha said FPIs are prohibited from issuing P-Notes to resident Indians/non-resident Indians. New Delhi: The government has put in place several safeguards to prevent misuse of Participatory Notes, or P-Notes, and there is no information with the Securities and Exchange Board of India (Sebi) wherein entities or investors in the country are using the route of and investing black money through it, Parliament was informed on Friday. “Foreign Portfolio Investors (FPIs) are prohibited from issuing PNs to Resident Indians/Non-Resident Indians (NRIs) and they are…

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Accumulate Rs 1 Crore by Investing Just Rs 5,000 Monthly

To many, Rs 1 crore may look like an unachievable figure but it is possible to accumulate the sum by investing just Rs 5,000 per month provided you follow these rules. Invest in growth assets By this, we mean an asset class that has the potential to deliver higher returns over long-term. Equity is one such asset class. Over long term, equity has potential to deliver over 12-15 per cent annual return whereas investments in conservative assets such as fixed income will only yield you 7-8 per cent annually. See…

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Buy JB Chemicals, KCP Sugar, Styrolution ABS: G Chokkalingam

G Chokkalingam says the clear certainty that the US central bank will continue with aggressive or moderate hikes going ahead is a “big positive” for the Indian markets. G Chokkalingam, founder of Equinomics Research & Advisory, says that the markets have recently started to perform well, with the FIIs investing in four out of six days since the historic rate hike by the Federal Reserve on December 16. The clear certainty that the US central bank will continue with aggressive or moderate hikes going ahead is a “big positive” for…

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Road to Wealth: Five Steps to Follow When You Invest In Your 30s

It is good to start investing as early as possible in life. But if you are in your 30s and still clueless about investing systematically, here are some tips: 1) Set your goals The first and foremost thing to do is to set your goals. Knowing what you want to achieve will help you work towards attaining those goals in a better way. “One should have clearly defined goals. As compared to 20s, one can define the needs more clearly in the 30s. This will help in laying out the goals…

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Got a Bonus? Five Smart Ways to Make the Most of It

If you have got a bonus, you may be tempted to spend it on fancy jewellery, jazzy smartphone or a bigger car. There is nothing wrong in splurging on things you like. On the other hand, bonuses can be used in a smart way to strengthen your finances.  Here are a few ways bonuses can be used for plugging the holes in your financial plan, according to financial planners. Pay Off Your Debt Even if you are comfortable servicing your debt, it will wise to pay off your high-interest loan.…

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Jaitley Woos British Businesses Keen on Investing in India

London: Ahead of the India-UK Economic and Financial Dialogue, Finance Minister Arun Jaitley on Monday wooed British businesses keen on investing in India, highlighting initiatives taken by the government to make the country an attractive destination for global investment. UK Chancellor of the Exchequer George Osborne hosted Jaitley for dinner on his arrival in London on Sunday. The India-UK Economic and Financial Dialogue will be held on Tuesday after which the two ministers are expected to issue a joint statement. Jaitley began his three-day UK visit with an interaction with…

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