Archive for October, 2012

  • What To Do In Case You Lose Important Documents>
    What To Do In Case You Lose Important Documents
    Lets’ discuss a situation where you have lost very important documents and they could be your property documents or school certificates or bank deposits, or passport and it becomes a night mare for you to live a normal life without these documents. To mitigate your losses in case of loss of your precious and important documents it is imperative that you may follow some steps and initiate the process to recoup your loss of documents. In case you lose your property documents, you must file a police complaint regarding the same and issue a public notice in two leading newspapers and keep the news paper clippings with you. This step will help you to collect duplicate proof of the property ownership and may assist you in getting relevant land records of your property. In case the bank loses your  [...]
    at October 18th, 2012 at 01:10 am
  • Domestic Air Travel At Its Lowest>
    Domestic Air Travel At Its Lowest
    Domestic air travel is at its lowest in last 7 years and the fall is quite steep. The air travel recorded in July this year is 10% less than the figure for July 2011. India has been witnessing a steep negative growth in the domestic air travel and the reasons attributed to this - The fares are too high and considering the weak economy, recession, inflation, passengers are reluctant to shell high fares for domestic travel by air and rather travel by other modes like train or bus. Some of the airlines have taken cost cutting measures like reducing the commissions paid to travel agents; which in turn has impacted the sales of tickets as travels agents are not too keen to promote sales at reduced commissions. New airport charges levied on passengers has discouraged people from travelling on domestic  [...]
    at October 16th, 2012 at 06:10 am
  • KYC to be used for insurance policies>
    KYC to be used for insurance policies
    KYC (Know Your Customer) was used by most of the banks for its accountholders and customers. KYC gives the bank complete information of the account holder and is mandatory for banks to obtain the same from its customers, failing which according to the RBI directives the account may be closed. KYC has become a important tool of identification as same now may be used by the insurance companies for issuing insurance policies. Several investors have shied away from buying insurance policies due to the complicated process and a lengthy documentation involved. To simplify the process of insurance, the insurance companies will soon implement a policy where by the check done by the banks by the way of KYC, will be used for the insurance policy, and this will ensure more investments in the insurance  [...]
    at October 11th, 2012 at 11:10 pm
  • Price Rise and Indian Economy>
    Price Rise and Indian Economy
    There is a feeling that the growth prospects for the India economy have declined sharply. The Indian economy is battling price rise which is hurting the common man, recession, inflation, hike in fuel prices, job cuts, pay cuts, political instability, down grading by the credit rating agencies. The picture seems to be grave and the economy is paralyzed with FDI investors shying away from making any new investments in India due to the bureaucratic hassles. The government is also not sending positive signals to the investors to pump more money as all projects under pipe line are at a standstill as no ministry is willing to clear projects fearing that they might be investigated by the judiciary if there is a smell scent of corruption in the project. It is a slowdown in the industrial production  [...]
    at October 11th, 2012 at 06:10 am
  • India is getting younger as it is becoming a country of youth>
    India is getting younger as it is becoming a country of youth
    The youth of India today is ambitious, and has a great earning capacity and an impressive ability to spend money and the youth today is the most important factor for translating the consumer brands in to sales. The youth of India is brand conscious, and loves to flaunt his newly acquired wealth and status by shopping the best of the brands. The youth of India is the changing face of the business, with the family taking a back seat in shopping and spending and the youth taking over as the average age of the consumer is changing and becoming younger. Sales, statistics, surveys all point to these surprising facts- Finance now easily available the first time auto buyers are now in the age group of 30 years as compared to 45 years earlier. Average age of consumers in the white goods industry has  [...]
    at October 8th, 2012 at 04:10 am
  • Prices Of Oil Impact The Economy>
    Prices Of Oil Impact The Economy
    While falling oil prices are good for the growth of the Indian economy, the drop in the coal prices may not help the power producers. Lower energy costs are always welcomed by the growing economies and the international oil and coal prices have come down quite significantly in the last few months. The price of the barrel of oil in the international market has gone down from about 120$ per barrel to almost 100$ per barrel. Global oil consumption is declining since the end of 2011, and on the other hand the world has been producing more oil than it is consuming, and the number of new oil fields discovered has multiplied. The Indian economy will be the biggest beneficiary of the drop in fuel costs as diesel, the biggest petroleum fuel sold in India is already being sold below the commercial price,  [...]
    at October 6th, 2012 at 03:10 am
  • Renting A House Made Simple>
    Renting A House Made Simple
    From next year renting out a place will be a simpler and a cheaper task as the state government is planning to start online process for the registration. When the online process is implemented it will be easy and time and cost saving process for the tenant and the owner to work out the modalities of the renting of the property, without visiting the registration office. Also, the amounts paid to agents to process the registration can be saved. The process of online registration will also help the state government to increase and regulate the revenue collected from the online registration. Besides the process of online registration, arrangements are being made to make stamp duty payments also simultaneously. Flat owners and tenants will have the option to download the forms and fill the forms  [...]
    at October 3rd, 2012 at 06:10 am