In India 24-carat gold is used mostly in coins and bars
The proposed bullion bank can help settle gold loan accounts in gold terms, and promote existing gold schemes, along with launching schemes including gold-recurring deposits.
While Indians don't buy property during May-September due to the holidays/rains/ religious reasons, buyers should scout for property now.
Monitor how long the high cash position lasts. If it lasts for a month or two, it is fine. But if it continues for a couple of quarters, seek your advisor's opinion on whether to exit the fund.
While you can always correct them, the sooner you do it the better it is for you, says Sanjay Kumar Singh
'If you retain your account with the EPFO for 10 years, you get a life-long pension.'
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
When selecting a liquid fund, stick to schemes with an AUM of above Rs 1,000 crore.
"The government feels the industry needs some government oversight and can't be left unregulated. A panel of bureaucrats will soon submit their recommendations on the subject," said an official.
Sanjay Kumar Singh tells you what to watch out for when buying insurance and investing in MFs online.
Sanjay Kumar Singh draws up a mediclaim policy checklist.
BIS proposes compulsory registration for selling hallmarked jewellery. This will kill business of online sales as BIS registration is given only to physical premises.
Experts say you may invest in small-sized funds and benefit from their nimbleness.
Novices should enter markets via SIPs of equity mutual funds.
Government allows duty-free import of 500,000 tonnes raw sugar till June 12. At present, India levies an import duty of 40% on sugar
Now that the National Pension Scheme offers more choices than the Employees Provident Fund, is more transparent and also allows to choose the level of allocation to equities as investors like, should one switch to the NPS?
Given that the ETF has given exceptional returns over the past year, start small and buy more in a staggered manner.
Software employees can opt for company-run programmes, online courses, boot camps to upgrade skills.
Retail jewellers may be exempted as customers are allowed to buy jewellery up to Rs 200,000 in cash
From April 1, subscribers will be able to change investment option & asset allocation twice a year, instead of once. Use greater flexibility offered by pension scheme judiciously.