Budget 2016: Highlights

Finance Minister Arun Jaitley in his Budget 2016 speech stressed on Indian economy’s resilience amidst the current global economic turmoil. “Global economy is in a serious crisis. Financial markets have been battered but Indian economy has held its ground firmly.” “IMF has hailed India as a bright spot. Let us look at our achievements compared […]

USA from Oil importer to exporter

Eight years ago, USA imported 13m b/d (million barrels per day) of crude oil and petroleum products. At the end of 2013, this had fallen to 5m b/d. To put this 8m b/d fall in context, recall that Saudi Arabia currently produces 9.4m b/d. In other words, US imports fell by 90 per cent of […]

Retirement plans

Investors will soon have many options to invest for their retirement. Several mutual fund houses, such as SBI, Reliance, Axis, DSP BlackRock, among others, are getting ready to launch their retirement products. Only three fund houses – UTI, Franklin Templeton and Tata – currently offer retirement plans in the country. Mutual funds have been clamouring for approval of their retirement products for a long […]