Very often when we initiate the process of financial planning, we tend to ignore one important aspect of the same easy transfer of your assets and funds to your heirs in case of your death, which can only be implemented by drawing up a legal will.
A legal will is a carefully drafted and legalised document which smoothens the inheritance process to your duly authorised nominees without any legal litigations or regulatory directions once the will is duly probated and the banks and financial institutions will have to release or transfer the funds instantly to the legal nominee, and the facts will be backed l be supported by the legally executed will.
It is imperative to note that the nominee in the will can be changed and updated as and when needed and any person owing an asset can nominate any person, even a minor with a guardian [...]
Posted at February 25th, 2014 at 12:02 am
India is hopeful to revive its sagging and weak economy in the year 2014, and with a possible change of guard after the general elections, the new government needs to evaluate and analyze the long term strategy and give due importance to the exports of the company, which in turn will improve our fiscal deficit and give a momentum to many other segments and revitalize our economy Our focus must be to optimize the growth of our export market, which will eventually impact positively our employment sector and more people will be employed, our foreign reserves will present a healthy picture.
The export of our traditional exports like jute, tea, textiles, spices, must be spruced up and new sectors like software, automobiles, engineering products, medicines must be added to the traditional exports.
In our endeavour to maximize our exports [...]
Posted at January 29th, 2014 at 05:01 am
The dynamics of buying or investing in real estate has undergone a major change with buyers opting to initiate the process of buying a property choosing the platform of E Commerce and developers have responded positively by making websites to promote the projects and the websites are designed with all the intricate details of the project, which enables the buyer to virtually buy a property without even visiting the actual site and even the documentation, the sale deed, the registration, the possession letters are all effected online.
There is a revolution in the concept of real estate with the introduction of latest digital technology, internet, varied online tools and apps, and with user friendly websites, the prospective buyers which could be the local buyers or NRIs, the digital space suits the needs and budgets of all buyers.
Posted at December 24th, 2013 at 04:12 am
Indian economy is in a state of coma, with precarious balance of payments, and the situation spells doom if we do not cut down our imports, and stabilize the rate of inflation, and at the same time increase the exports.
The government till date is not aware of the gravity of the situation or perhaps shying away from facing the harsh realities of the economy and is afraid to face the facts and the naked truth.
With rising oil prices, the imports will have to be curtailed, to keep a check on the recession and inflation, and the government has to bring in a sense of stability and security for the FDI to invest in India.
On the other hand, with the drop in the Indian Rupee, it is imperative that the exporters take advantage of the situation and take a hands on attitude in taking to China and scale new heights in terms of exports as it [...]
Posted at December 10th, 2013 at 03:12 am
Online advertisements for employment have opened a new avenue for prospective job seekers, however not only have the job frauds shot up, the fraudsters have looted thousands of job seekers by using innovative methods and technology.
In the year 2013, job frauds highest number of job frauds have been recorded, and the modus-operandi of the fraudsters is that they pose as representative of the company, calling the employment seekers for fake interviews which are conducted on line and over the telephone, and then the job seeker is asked to deposit a huge sum of money in the bank account s of the fraudsters as an interview fee or fee for attending interview at a different city to take the interview process forward.
The fraudsters actually hack the landline phones of the company, and make fake phone calls for the jobs from their mobiles [...]
Posted at November 30th, 2013 at 12:11 am
The concept of homes has evolved in the last few years, and all the major cities are witnessing a rising demand for premium luxury homes and following the mantra of living life king size.
Keeping this in mind, real estate has undergone a tremendous change to accommodate the evolving needs of its consumers. The homes today have become highly elegant, and up market buyers of home want nothing short of splendid living and are absolutely clear about what they want in their dream abode.
The homes are designed with state of art amenities, strategically located near the work places, schools, and shopping zones.
Indians have become frequent travellers and have witnessed and stayed in some of the trendiest homes in foreign countries, and they have the urge to build and live in the same kind of plush homes here, and hence homes today have [...]
Posted at November 14th, 2013 at 12:11 am
The general policy in this volatile business environment needs to focus on the match of maturities and the debts should be chosen accordingly.
If the asset to be acquired is of a short term nature (like raw materials), then it would be appropriate to structure your debt that will expire at the same time as the asset is all used up like trade deficit, overdraft.
If the asset is a long term one, then a long term debt should be chosen.
When we talk about debt management usually debts are analyzed and evaluated depending on the circumstances like how much control the original entrepreneurs are willing to sacrifice, how risky the venture is seen to be by potential investors and lenders, the creditworthiness of the business, the current and projected future cash-flow position of the business.
Debts could be by an internal source, also [...]
Posted at October 24th, 2013 at 12:10 am
It is very imperative to save for a rainy day and investments are the means by which we can save and see our investment multiply and grow.
Any investment needs a constant appraisal, and investment which is in form of purchase of capital goods with the intention of generating higher profits needs constant monitoring .Thus ‘investment is not a goal in itself, but a means to an end’.
One can initiate the process of “Payback” for investment appraisal, by following a simple method that sets the cost of the initial investment outlay against the net cash-flows, to find out how long before the initial outlays are recovered, like the shorter the payback time, better is the option.
To calculate and analyze the payback period, we can either do a quick sum of the cumulative cash flows through the years or plot a graph of cumulative cash [...]
Posted at October 9th, 2013 at 12:10 am
When considering and evaluating appropriate financing of the business it is imperative to carefully analyze the structuring of debts and equity, as it is important that the cost of borrowing must be lower than the revenues generated by business.
For large scale finance needs, it is important to evaluate between the cost and benefits of raising finance through selling more shares or from borrowing.
The long term advantages of debt are that as long as business abides by the terms of contract, it is able to meet its obligations on time, then the financial institutions or bankers will allow them to operate on their own and there is absolutely no scope of intervention of outsiders to run the business or lose control of the business, however the disadvantage of this method is that the contract for the debt will be specific and the repayments [...]
Posted at September 27th, 2013 at 12:09 am
Business may vary, but the basic principles, parameters; dynamics remain the same for all business ventures and the sole purpose being to generate profits.
Every business starts with an idea, an opportunity is identified, and the process of implementing the same is initiated, however every business venture needs a market survey which determines the consumers wants and attitudes, response to proposed pricing strategies, competitors alternative offerings and state of the macro economy.
The Unique selling proposition or USP, of any business is being cheaper and viable than anyone else; offer better after sales service, a brand name that brings status to the promoter and making use of latest technology.
The financing of any business involves either the savings of the promoter, or personal borrowings from friends and relatives, [...]
Posted at September 11th, 2013 at 12:09 am
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