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Under the Indian Foreign Exchange Regulations, the limit for permissible remittance outside India (including for investing in property outside India) by resident individuals is cumulatively USD 250000 per financial year (April – March) per person as per the Liberalized Remittance Scheme. Since the aforesaid limit is per person, each member of family can remit out of his own balance USD 250,000 per financial year for purpose of acquisition of property.
To make trading easy and convenient for the ultramodern generation, Edelweiss launched their app ‘EMT 3.0’. Now you can invest in securities via this platform from anywhere and everywhere. The available features are easy to use and the user can obtain a market overview in a single glance. Not just this, the app constantly helps you stay updated about the prevailing trends in the market with a dedicated news section and real time updates.
It is said that MONEY is your best friend. This is true to large extent as Money/Finance is our primary means of living. It is required to meet our day to day expenses, children education and wedding expenses, hospitalization expenses, to purchase of residential/commercial house/property and finally to meet our living expenses during retirement period.
India is amongst the country where people know the value of savings. We save a lot in comparison of other countries. Still when it comes to possess wealth we stand far behind. Earning, saving and wealth creation these are three different aspects of meeting our financial goals. Now question is what should be our financial goal. How we should decide that this particular level is our financial goal. Let us help you hear to decide and achieve that goal.
Recently, I was invited to a live debate in one of the Tamil Television channels on a statement reportedly made by CA Sri S.Gurumurthy, a great economic thinker, an eminent columnist and strategy adviser to several leading business houses in the country. He, in his speech at VIT on the Indian budget had opined, among other things, that if only the higher denomination currencies (Rs. 500/- and Rs. 1000/-) are withdrawn from the circulation and replaced by Rs. 100 notes, then half of the black money problem can be solved.
Launching of Gold Schemes on 5 November, 2015 is a great Pre Diwali Gift to all Indians by our Prime Minister Shri Narendra Modi. It’s ‘sone pe suhaga’ for our country. If India has 20000 tonnes of gold, worth Rs. 55 Lakhs Crores, why it should import gold and rely on other countries? Now no […]
Wouldn’t it be great if you could buy an insurance policy that also multiplies your wealth? That’s a Unit Linked Insurance Plan (ULIP) for you. A ULIP gives you the advantage of investing in an insurance policy and a mutual fund without having to make two separate investments. They are investment products that offer good […]
When it comes to invest or to build wealth 90% people do mistakes. In starting they need fast money, without any effort and they enter in shares. That results in loss of money. Then they start hating share market but then some funds advisor come and advises them for mutual funds.
A family is an anchor during rough waters. So, what are you doing to be the anchor? It’s quiet obvious that you are doing your best to offer a life of ease to your family; however, have you considered safeguarding your family’s health in case a situation of crisis comes up? If not, now is the time!
Previosuly, I had shared my views on the importance of purchasing a health insurance cover to ensure worry-free and sustained-good-health. However, choosing the ‘right’ health insurance plan is an equally important decision, as only the correct health cover will effectively deliver-the-goods for you in case of a health adversity.
