Month: June 2017

How Does Money Transfer Contribute to India’s Economy

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{46e2cf5ad8ebc1577325503517f3c244c6f4b38c7e2a64c04a8aeb2ce3cb08b5} of the total remittance around the world and that year the remittance amounted to 4{46e2cf5ad8ebc1577325503517f3c244c6f4b38c7e2a64c04a8aeb2ce3cb08b5} 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 … Read More

What is the rate of return for top 10 SIPs in India?

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 … Read More

Just About Controlled Enjoyable

Fun TechnologyThere 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.

In its present implementation, viewing the AR features of a newspaper requires a commitment that folks is probably not keen to make. A newspaper reader must open an app, tap on the screen (in at least some apps), hover their system over an image, get a successful scan and wait for digital content to be loaded from a pc on the Web.

June sixteen, 2013 (Father’s Day). Richard … Read More