Friday, April 19News That Matters

Month: April 2013

20 stocks that can give over 20% returns in 2013 – CitiGroup

Stocks
CitiGroup has recently issued a report providing 20 stocks that could give you 20 percent return in 2013.  It is of the view that investors should look at several small themes for stock picking rather than one grand one. "These include a) falling interest rates - but moderate falls from here; b) continuing government policy/pricing action - and a little more on the execution side; c) maintaining a currency hedge - it's a vulnerability; d) moderating consumer demand; e) positioning for a recovery - albeit one that will be gradual, U rather than V-shaped; and f) an improving global outlook," the report says. A major portion of the 20 stocks come from the largecap space. But after the sharp correction in the midcap space in 2013, it has picked up a few stocks that could generate decent retur...

NRE Fixed Deposit – Good investment option for NRIs

NRI
If you are an NRI & looking for a safe investment option in India, then you should consider investing in NRE Fixed Deposits . RBI has de-regulated the interest rates on NRE fixed deposits and banks are now offering an interest rate of 8.5-10% p.a as against 2-4% earlier.  Also, weaker Indian Rupee makes these deposits more attractive. Benefits / Features of NRE Fixed Deposit (NRE FD) Attractive interest rates (between 8.5 - 10 % p.a) Lucrative exchange rates (if you want to convert USD/GBP etc to Indian Rupee) Tax free interest in India fully repatriable (both principal and interest earned can always be converted back to your foreign currency) 1-10 years tenor range Current Rates on NRE Fixed Deposits (NRE FD) (Latest) - See Post How to Open an NRE Fixed Deposit (NRE FD) If ...

Apply online for PF transfer and withdrawals from July 1 2013 : EPFO

News, PF
EPFO is launching an online facility to apply for EPF Transfers & withdrawals on July 1 2013. EPFO's Central Provident Fund Commissioner Anil Swarup told reporters at PHD conference - "We have decided to set up a central clearance house which will be operational on July 1. This will enable subscribers to apply online for settlement of the withdrawal and transfer of funds claims," "The biggest problem faced by the subscribers is transferring their accounts on change of job. This central clearance facility will expedite the process", he added. "The onus of getting the detail of the PF account verified from employers would be on the Employees' Provident Fund Organisation (EPFO) in the new online system for transfer and withdrawal claims," Swarup said. Over 50 million subscribers of the r...