Recent Articles

  • Indian Rupee Nears 3 Month Low
    Fears about selling of foreign funds due to weak fundamentals in the stock market and a huge demand of dollars from oil companies pulled the rupee to trade at its 3 month low level on Tuesday; it ended at 51.48 to a dollar. On Monday, RBI was also rumored to have intervened to support rupee but the end result was negative. The latest government data reflects that India’s balance of payments entered in to a negative zone for the first time in 3 years with the current account deficit of $ 19.6 billion. Importers are hit hard because of weak rupee as imports are costlier, while exporters are delighted as it makes their products and services cheaper in terms of dollars. In India a weak rupee helps software and textile importers but at the same time capital goods companies and oil importers are hard hit due to dearer imports. The Indian  [...]
    Posted at April 12th, 2012 at 07:04 am
  • What is Foreign Exchange and why do you need to know more about it?
    It sometimes feels like we are immersed in complicated economics and the tendency is to sit back whilst those in the know dominate the markets and decide what’s best for us. The financial markets have come under close scrutiny in the last few years due to the banking crisis and the ensuing global recession. This has led to increased awareness of the various markets and one market that has been growing significantly in recent times is that of foreign exchange, or rather, Forex. To initially simplify the case, the forex market is fairly self-explanatory. It involves trading two currencies against each other and profiting on any favourable fluctuations. The depth to which a private speculator wishes to get involved in this market can vary greatly. The internet has made the market highly accessible and the amount of online forex resources  [...]
    Posted at April 5th, 2012 at 07:04 am
  • Credit Cards: An Overview
    Usage of credit cards is not new in the present era. It has become a vital asset for most people. Credit cards are very convenient and easy to use. Plastic money has become the trend of the current day scenario and people consider it to be a fashion statement. It is considered elevate your social status if you carry multiple credit cards from various banks. Banks facilitate convenient payment modes to purchase stuff and most banks lure the customers with attractive offers. Credit cards are much more safe and easier to carry than liquid cash. If we require to take a loan from the banks, then we have to give a collateral security but credit cards are given without this. As the extend of your shopping and usage increases your limits are also increased. It is very useful in case of long distance travelling and can be used at any time  [...]
    Posted at March 22nd, 2012 at 01:03 am
  • Critical guidelines before you apply personal loan
    Personal loan is a loan provided by financial institutions or money lenders for undefined purposes; it could be for anything. Most personal loan borrowers use the loan money to fulfil their general financial necessities. And to help customers accomplish these needs banks or financial institutions in the present day have variety of personal loans to offer: home loan, car loan, secured personal loan, unsecured personal loan, short-term personal loan, fast cash loan and many more. You can decide for best loan services depending on suitability, your current situation and most importantly your capability to repay. Gone are the days when borrowing money from banks was considered complicated, there was lot of documentation, validation, reference check, verification etc. However, now you can get personal loan services right at your door  [...]
    Posted at March 6th, 2012 at 04:03 am
  • Mortgage Mistakes to Avoid
    We need to spend a lot of time to secure a mortgage; besides that our financial status is significantly dependant on whether or not we have a mortgage. This makes taking every step related to the mortgage flawlessly extremely essential. This article will help you in staying flawless with your mortgage by informing you about the mortgage mistakes you should avoid. Mistake 1: The most frequently made mortgage mistake is not getting credit checks done. One should undergo a credit check even before applying for the mortgage for making sure that his credit rating is supporting his decision of applying for the mortgage; performing a credit check will also give him the opportunity of repairing the existing issues if any before submitting the application. Mistake 2: Performing credit checks is good, but a person applying for mortgage should  [...]
    Posted at December 26th, 2011 at 01:12 am
  • Explain Budget Allocation
    Budget allocation is essential for every business as well as non-profit financial plan. Usually, the budgets are set annually, the procedure of which involves allocation of anticipated resources and earnings between different business interests and departments. A department’s scope of development depends on the funding allocated to each of its areas. For instance: a reduction of funding can require making some staffs redundant. Generally, a budget gets reviewed once every year and is usually meant for a period of 12-24 months. The budget of the current year normally gets set based on the expenditure which occurs in the previous year. Besides that, budgeting also involves changes occurring in the spending habit of a business (changes in spending due to employment of new staff, adjustments occurring in the salaries of the existing  [...]
    Posted at December 19th, 2011 at 12:12 am
  • How to Write an Email While Sending Resume?
    Nowadays, most job applicants prefer sending their resumes by email in the form of an attachment. While sending resumes through email the job seeker must make sure that the body of the email is written in a certain way and includes some specific information. This article will inform you how to write an email while sending your resume. The resume document must be named after your name. You can also include the position you are applying for while naming the resume document. For instance if your name is Michael Smith and you are applying for the position of a computer analyst, you can name the resume document as ‘Resume of Michael Smith (computer analyst)’. Mentioning the position you are applying is optional; you can also name the document as: Resume of Michael Smith. The next most important thing is the subject line. While sending  [...]
    Posted at December 5th, 2011 at 07:12 am
  • Insuring Older Cars: Some Information
    One way of saving money on car insurance is by buying older cars. The premium for an old car is a lot less compared to that of a new car. This is because the value of old cars are less compared to the new ones. Insurance companies set the premium rates based on the amount they will have to spend for replacing the car. If you own an old car, replacing it will not make the insurance company spend as much money as they would have to pay in case of a new car. This automatically reduces the premium. Several old car owners opt for the liability only insurance coverage. If you are not indebted with any money against the car and if your car’s value is extremely low, there’s no use of paying premiums for getting the car replaced in case you get into a wreck. By eliminating comprehensive and collision coverage from the car insurance policy,  [...]
    Posted at November 28th, 2011 at 03:11 am
  • Tips for First Time Home Buyers
    The task of buying a home is extremely challenging for the first time home buyers. The process involves several steps to be addressed and accomplished and a number of approvals to be obtained. However, when you finally manage to buy a home, the experience is similarly satisfying. A property owner can position him in greater opportunities. For making the purchasing process smoother and simpler, a first time home buyer must organize and prepare himself for the encountering problems that can occur during such procedures. Below, we have offered some useful tips for people purchasing a home or property for the first time: Before initiating the actual process of buying a new home, you must keep all your documents organized and check your credit score. Although the credit score of a home buyer is not the only factor required for obtaining  [...]
    Posted at November 21st, 2011 at 06:11 am
  • Working of Business Renters Insurance Policies
    Business renters insurance can be purchased by all kinds of business that retail space or rent office. These insurance policies usually offer coverage to rental locations and to the materials or products housed by the rented locations. A renter’s insurance plan is also known for offering protection against liabilities like accidents and crimes resulting in damage of business properties housed by the rented locations. Personal renters insurance is the renters insurance type offering coverage to personal properties of insured parties i.e. the business owners. Contents of such policies include office equipments, manufacturing equipments, materials, supplies and the finished goods. If the objects included in the contents are damaged due to theft, for or vandalism (policies might include other conditions), the business owners will be  [...]
    Posted at November 7th, 2011 at 05:11 am