Dollar should be replaced as international standard, U.N. report Under proposed system, countries would not have to buy up foreign currencies, as China has done with U.S. dollar. U.S. "dollar has proved not to be a stable store of value," report saysDollar under increasing scrutiny since U.S. entered recessionU.N. report supports proposal to create standardized international systemUnder proposal, countries would no long have to buy up foreign currencies New York (CNN) -- The dollar is an unreliable international currency and should be replaced by a more stable system, the United Nations Department of Economic and Social Affairs said in a report released Tuesday. The use of the dollar for international trade came under increasing scrutiny when the U.S. economy fell into recession. Many countries, in Asia in particular, have been building up massive dollar reserves. The World Economic and Social Survey 2010 is supporting a proposal long advocated by the International Monetary Fund to create a standardized international system for liquidity transfer.
Smart Singh | Making finance easy & fun. Learn about investing, mutual funds, finance in India. Don't get lost in details :) Mostly Economics Jago Investor: Financial Planning , Insurance , MF Indian Economy : Economic Indicators from 1991 The Indian economy has undergone substantial changes since the introduction of economic reforms in 1991. These reforms were a comprehensive effort consisting of three main components namely, liberalisation, privatisation and globalisation. They included various measures like deregulating the markets and encouraging private participation; trade liberalisation; dismantling the restrictions on domestic and foreign investments; reforming the financial sector and the tax system, etc. Net National Product (NNP) at factor cost (at 1993-94 prices) increased from 0.5 per cent in 1991-92 to 6.3 per cent in 1999-2000. The industrial sector has been going through a process of restructuring and consolidation after liberalisation. There has been steady and continuous rise in supply of money in the economy since initiation of reforms. As a proportion of GDP, the share of exports, which had grown from 5.8 per cent in 1990-91 to 12.2 per cent in 2004-05, grew further to 13.1 per cent in 2005-06. ^ Top
Tax saving options under section 80C - Understanding Taxes As the end of financial year approaches investors are suddenly woken up to the existence of Income Tax department. If you haven’t done the tax planning in advance then this is the time to carefully select the investment products under section 80C. A wise investment will not only lessen the tax burden but also give some good returns. What is Section 80C? Under section 80C of the Income Tax Act, certain investments are deductible (up to a maximum of Rs 1 lakh) from gross total income. (Get your lifetime free Mutual Fund account from FundsIndia to invest in top ELSS funds) Fixed Income instruments, which offer fixed returns, are suitable for risk averse investors who want to protect their investment from the uncertainties of the market. Market Linked: Market linked products are ELSS (Equity Linked Saving Scheme) and ULIPs (Unit Linked Insurance Plan). ELSS is similar to mutual fund except that it has a lock in period of 3 years. · Lock-in period of 3 years. · Diversified equity investments
A Brief History of Wal-Mart In the late 1940s, when Sam Walton was franchising a Ben Franklin's variety store in Newport, Ark., he had a simple but momentous idea. Like any retailer, Walton was always looking for deals from suppliers. Typically, though, a retailer who managed to get a bargain from a wholesaler would leave his store prices unchanged and pocket the extra money. Walton, by contrast, realized he could do better by passing on the savings to his customers and earning his profits through volume. This insight would form a cornerstone of Walton's business strategy when he launched Wal-Mart in 1962. The quest for low prices came naturally to Walton: He was freakishly cheap. But coffee taxes only went so far. If such a regimen seems stifling, Walton's employees nevertheless accepted it. But Walton's ability to keep his staff happy also relied on a sense of when to let penny-pinching take a backseat to other priorities. And things could get downright cultish: For a while, though, it worked. 1.
What You Should Know About The Stock Market Everyone’s heard of the stock market — but few know why it works. Were you aware that each stock has two prices? That you can’t buy and sell for the same amount? That a “stock market” works better and is more open than a “stock store”? If you’re like most of us, probably not. They match buyers and sellers efficientlyAll prices are completely transparent and you see what other people have paid/sold forYou pick your own price and will get that amount if there’s a willing partner Most explanations jump into the minor details — not here. iPods Ahoy! I’m told iPods are popular with the 18-35 demographic. Me: You, the coveted 18-35 year old demographic, want an iPod. Ok hotshot, riddle me this: what is the price, exactly? What you can buy it for? So which price is the “real one”? You see, buyers and sellers each have prices in mind. The idea of two prices for every item is key to understanding any market, not just stocks. Shopping Time Suppose we want to buy an iPod from Amazon. Onto eBay
Top 5 ELSS schemes to invest in 2011-12 - Investing It! In our market 71 equity linked savings schemes (ELSS) are floating from various asset management companies. Most investors generally search for best performing ELSS schemes between January and March for investment and to save tax because the financial year is coming to end. Investors are in dilemma while searching the best available fund based on their goals and risk taking capability. In this article, your confusion will be reduced since performance of “Best ELSS mutual fund schemes in 2011-12”is reviewed. SIP best way to invest in ELSS As discussed, most investors generally rush to invest in ELSS schemes with lump sum amount between January and March. However, there is a 3 year lock-in period for ELSS investments i.e. any investment that you make in ELSS schemes cannot be liquidated before 3 years. Table with top performing ELSS schemes in 2011-12 § Religare Tax Plan (G) Asset allocation: 80% in equities and 20% in debt instruments. § Canara Robeco Equity Tax Saver (D) Author