RICH INVESTING iDEAS

Economic Survey 2018 for the Budget India   Economic Survey 2018 for the Budget, was reported by Finance Minister Mr. Arun Jaitley in the Parliament last day (29.01.2018, Monday) and also with President of India's presence - Mr. Ramnath Kovind. The Budget for the year 2018 will be held on 1st February. This coming budget is Arun Jaitley's fifth and the last for the National Democratic Alliance (NDA) Party in this period. There are so many things discussed in the economic survey 2018 meet and some of the highlights for you,   India's GDP growth expectation at 6.75 % for the Financial Year 2017-18 and will be around 7 - 7.5 % growth for the FY19.   Fiscal Deficit will stand with 3.2 % for the Financial year 2018 and the Retail Inflation will be 3.3 % (FY 18). Industrial growth expectation at 3.2 % and the Export growth at 12.1 %   Recently, Inflation (Consumer price index -CPI) stood at 5.2 % in December 2017, which was 17 months high and the export als...

  The Insolvency and Bankruptcy code (IBC) - Need meaningful   The Insolvency and bankruptcy code (IBC) was passed and became effective in the year 2016, by the parliament. The IBC splits the creditors as financial and operational, which provides top rights to the financial creditors to control the appointment of the resolution professional and choose the resolution plan.   This law will able to protect the interests of small investors and create the process of doing business with a trouble free process.It also helps to give the lenders to access, foreign assets of loan defaulters.   It is made to be strengthened with the additional of provisions covering Cross-border insolvency. If any company went bankrupt in India, which have a foreign asset - so the lenders can access the foreign assets of them.   Country's Cross-border insolvency law also inline with the UNCITRAL (United Nations Commission on International trade law) model.  If any other country...

  7 Business Filters before starting your startup   Everyone as a human runs behind the business and money in this Digital - Automation world. I mean that the business is like a job for someone and a passion for the other one, but its all about happening today with the ease of Information technology. Most of us, not just hating the present job, it's just like to starting a business is a fashionable way.   So, can we quickly jump into the pond of business world ? Being an Entrepreneur is not a easy word to pass, it's a lot of ability or work to build the trusts, relationships, feedback or emotional. To continue this great journey, we need to filter with the way before starting our Business / Startup.    7 - Seven Business Filters before starting your startup:   Choose a Effort based business. So, we have a confident to push on failure times. Build your startup with a low capital or investment and it should be ideal.   Get Innovative, but it should b...

  ₹  10 Rs Coins are Valid, as legal tender - RBI   The Reserve Bank of India (RBI) reiterates legal tender status of   ₹  10 Rs Coins of different designs and valid. so, the RBI says that public can continue to accept the 10 Rs coins as legal tender.   The reason for the reiteration, that in certain places there is reluctance on part of traders and members of public to accept   ₹  10 Rs Coins due to suspicion about their genuineness.   The RBI also clarified that puts into circulation, the coins minted by mints, which are under the Government of India.These coins have distinctive features to reflect various themes of Economic, Social and cultural values and are introduced from time to time.   Up to now, there are 14 designs are issued in  ₹  10 Rs Coins, so in the market for public have 14 different designs of  ₹  10 Rs Coins. All these coins are legal tender and can be accepted for the transactions.   Previously, the RBI also issued a press...

CPI Retail Inflation rises to 5.21 % - December 2017   The Central Statistical Office(CSO) recently reported the Consumer price index (CPI) retail inflation for India, its rises to 5.21 % in the month of December 2017.    India's retail inflation for december 2017 is at 5.21 percent, and for the November at 4.88 percent, the october had its 3.58 %.   The current inflation of December as it had the 17 month high, since in the mid of august, 2016.   Food and beverages stood at 4.85 %, Clothing and footwear at 4.8 percent, and the housing, energy with 8.25 percent and 7.90 % respectively.   Earlier, the Reserve Bank of India's (RBI) expected inflation for the second half of the financial year 2018, is between 4.3 to 4.7 percent. But it had crossed the expectation mark.   So, may the RBI changes the rates in the upcoming policy meeting. The next meeting for the policy will held on February 7, 2017.   As the RBI's expectation is not wel...

Infosys net profits at 38 % - Q3FY18 Result   Infosys - one of the Indian IT giant announced its Quarterly result (Q3FY18) this week with a remarkable 38 % Net profit as compared to last quarter for the financial year 2017-18.   The second largest company in the IT industry after TCS (Tata Consultancy services), had earned a net profit of Rs. 5129 Crores for the Q3 (Oct - Dec' 2017), with a margin of 38 percent plus.   The New CEO of the infosys, Salil Parekh said that the results are consistent at 8 % growth for the past few years and the recent quarter gives the strength to the concern.   The Revenue had with the 1.3 percent growth to Rs. 17,794 Crores. Tax expenses provision also reduced to Rs. 144 crores on QoQ, previously with Rs. 1,471 crores.   Recent quarterly result growth mostly comes from the Retail, Energy, Logistics, Telecommunication. Also the growth slow down to the Financial and Insurance services to 0.3 percent.     ...

  IRDA Claim settlement ratio 2017   IRDA (Insurance Regulatory and Development authority of India) declared the annual report for 2017 (2016-17) in their website recently (Jan 4, 2018), LIC India tops in the list of insurance companies on claim settlement ratio and related information for 2017.   In the Annual report, LIC India 's claim settlement ratio stands with 98.31 % for the year 2016-17 as listed in the top by IRDA.   The pending complaints of LIC is almost went to zero and the claims repudiated or rejected status at 0.97 %   The unclaimed of LIC reports with 0.31 %  out of total claims. on the other hand, private insurance companies dealt with 0.58 %           Private companies claim settlement ratio at 93.72 % is the lowest as compared with the LIC India and the claim rejected for private at 4.85 % out of the total claims.   These reports are based on the Individual death claims of life insurers and not w...