Financial trainer, Amit Trivedi, remembers how a few professionals, buoyed by the stock market boom, decided to start on their own in 2007-08. They formed a company, gave themselves fancy designations, hired a few employees and had a plush office.
I am going on a six-month assignment to Italy next month. Can I open an NRI or NRO savings account from there? What is the advantage of these accounts? I want to send some money to my family in India while I am away.
The dice is heavily loaded against a guarantor. As in the case of Gajendra Issar, who had to pay Rs 50,000 to a bank when his friend defaulted on debt payment. Luckily, there were two other guarantors who could cough up more; he took a smaller hit.
For most employees, the first thing that comes to mind at the thought of social security is Provident Fund - a fund to which they contribute 12 per cent of their salary each month and hope of saving money for their old age.
Is the trend in the composition of household savings, observed over the past few years, on the cusp of reversing? Or will elevated household inflation expectations lead to an even greater preference for physical assets?Households in India account for an