Money transfer or rather remittances are specific money transfers which are made by the non-residential Indians (NRIs) living and working outside the country to their families, relatives, friends etc. Indian is the country which receives the highest amount in remittance around the world. In the year 2015 it received the 12% of the total remittance around the world and that year the remittance amounted to 4% of the Gross Domestic Product (GDP) of the country. The data from the Ministry of Overseas Indian Affairs (MOIA) shows that India receives remittances from nearly 25 million or more individuals working outside India in various countries.
Money transfer to India happens by means of electronic transfer or demand draft or it may also be sent by means of Travellers cheque. The highest remittance receiving states in India are Uttar Pradesh, Punjab, and Kerala etc. In regards to the effect of this money on economy well most households in the above mentioned states depend on this very money. This is the only maintenance amount they have. This is the money for them to run the household. The remittances form 20 – 23% of the total foreign exchange amount of India. Though India does not at all desperately depend on this amount but still, this amount adds greatly to the economy of the country.
These inbound transfers exceeded the FDI in 2012 thus this goes to show that how much important this amount is in the Indian economy. India’s Balance of Payment is greatly supported by these money transfers. Since the boom in IT sector there has been a sudden increase in the remittances flowing into India as many people from India went abroad for these jobs created by the IT upsurge.
This money usually gets invested in the real estate industry as there are generally no laws regarding its many aspects or if there are they are not very stringent thus these prove to be the best option for an individual investment by a guy working abroad. The money is also used for charity in many cases and in few instances it is used in collaboration with few NGOs and government authorities for some social work. But mostly it is kept in banks at higher interest rates.
Plans are being made to effectively channelize this money and use it in best possible ways and thus instruments or rather well thought schemes are being prepared to invest this money effectively in stock market which was seen in year 2003-04 on a small scale and due to which markets saw an upsurge in the year 03-04. Investment sector is coming up with lucrative schemes as they know that most people working in the Arab countries are not insured or under insured and thus products are being designed with them in mind to lure them into insuring themselves. Big investors are ready to invest in industries like education, healthcare, and a few others to quicken the pace of development of India. Thus one way or the … Read More
SIP stands for systematic investment plan and this particular type of mutual fund works on the principle of regular investments. This investment is just like the recurring deposit where the investor puts in a small amount after every particular interval. The SIPs allow the investor to invest in a mutual fund by means of smaller periodic investments (which may be monthly or quarterly) rather than a heavy one-time investment i.e. an systematic investment plan allows the investor to pay 10 periodic investments of let’s say Rs 500 each instead of a one-time investment of Rs 5,000 in an mutual fund. Thus, an investor can invest in a mutual fund without altering the other financial liabilities that he/she may have. It is important for the investor to understand the concepts of rupee cost averaging and the power of compounding to better understand the working of Systematic Investment Plans or SIPs.
SIP has made the investment in mutual funds easy and within the reach of any regular person as it enables even those with very low budgets to invest a minimal amount of Rs 500 or Rs 1,000 on a regular periodic basis in place of making a heavy, one-time investment in mutual fund.
The rate of returns for the top 10 SIPs are given below:
- ICICI Pru Top 100 Mutual Fund: The funds are a large cap funds and have assets costing 1,457 cr under their management and offer a return of 23.8%, 21.9%, and 17.0% in 1, 3 and 5 years.
- Birla Sun Life Frontline Equity Fund: The funds come in the category of large caps and have assets costing 13,634 cr INR under their management and offer a return of 19.3%, 19.7%, 18.0% in 1, 3,and 5 years
- ICICI Pru Focussed Blue Chip Funds: The funds come in the category of large caps and have assets costing 11,868 cr INR under their management and offer a return of 17.5%, 22.2%, 16.3% in 1, 3,and 5 years
- Mirae Emerging Blue Chip Fund: This lies in the mid cap category with assets of 2,122 cr INR under management, they give a return of 25.5%, 46.4% and 28.0% in 1, 3 and 5 years.
- Franklin India Smaller Companies Fund: This lies in the mid cap category with assets of 3,494 cr INR under management, they give a return of 26.4%, 46.8% and 29.0% in 1, 3 and 5 years.
- DSP Blackrock Micro Cap Mutual Fund: This lies in the mid cap category with assets of 3,399 cr INR under management, they give a return of 26.6%, 54.4% and 28.0% in 1, 3 and 5 years.
- Principal Emerging Blue Chip Fund: This fund lies in the multi cap or diversified category with assets of 586 cr INR under management, they give a return of 23.0%, 42.4% and 26.0% in 1, 3 and 5 years.
- Kotak Select Focus Fund: This fund lies in the multi cap or diversified category with assets of 5,481 cr INR under management, they give a return of 19.6%, 29.7%
… Read More
There are so many issues invented and innovated progressively these days. You’ve got made reference to my sons demise (Mitch Fajman). Your account is grossly riddled with errors. You have got the flawed, date, wrong location, and are inaccurate in describing the efforts of the Coast Guard if you relate the rescue of the 2 different Kayakers, and the following search and restoration of my son. I might question your credibility since you clearly don’t analysis your matters thoroughly earlier than posting.
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June sixteen, 2013 (Father’s Day). Richard Minteer was in a remote part of Burlington County, PA kayaking along with his son and pals, when he bumped into an overhanging tree limb. His kayak flipped over, dropping him into the water where he became entangled in tree roots, pinned by the swift present of the Oswego River. His son helped others free him however sadly Richard was pronounced lifeless at the scene, this on Father’s Day weekend.
Alone very first kayak journey, on a gently flowing creek with just a few mild Class I rapids, I had an identical expertise. At a right angle bend within the creek the present compelled my borrowed kayak below a pile of brush and logs that had accumulated in the nook of the bend. I responded by climbing up onto the brush, however had I didn’t react properly I might likely have suffered the same fate as Kevin.
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An anti piracy service helps owners of copywritten or trademarked products protect their property from unlawful use. Under anti-piracy laws, these owners have the right to take legal action if their property is used without their permission. The following are FAQs about these laws and actions that are allowed during these laws.
What is Copyright or Trademark Infringement?
Copyright or trademark infringement is the use of any materials or products that are protected by a copyright or trademark. The use of these materials is criminal and punishable through hefty penalties. Under these laws, the owner must provide explicit permission to another party to use these materials for financial gains. They must enter into a contract to define the exact ways in which the materials can be used and what provisions apply to using these materials.
What Damages Could Result from Infringement?
An owner of materials that are protected by a copyright or trademark could lose their credibility based on the way these materials are presented by the other party. These damages could result in the loss of clients or fans in some cases. The use of these materials could lead to harm to the owner’s reputation and cause financial losses that are irreparable.
How Can the Owner of the Materials or Trademark Take Action?
As soon as the owner becomes aware of the unlawful use of their property, they can take legal action. The first step is for the attorney to contact the individual directly and issue a cease and desist order. If the individual doesn’t stop using the materials or trademark, the owner has the right to file a lawsuit against the other party. Additionally, the state can file criminal charges against the unlawful user.
What Type of Award Does the Owner Receive?
The owner will receive a monetary award based on any proceeds generated by the use of their materials. Additionally, they could acquire punitive damages based on any additional losses the owner suffered.
Anti-piracy laws exist to protect individuals who have materials that are protected by a copyright or trademark. They prohibit the use, sale, or distribution of the product for financial gains. Anyone who uses these materials without permission could face hefty fines and possible prison sentences. Copyright or trademark owners contact a service provider today for further legal assistance. … Read More