Description
It is the research work give to welingkar students in their 1st semester.
PRIYA G SHEWAKRAMANI
Banking,
Investment &
Insurance
WE TUBE
USE OF SOCIAL MEDIA IN
MARKETING (SURASHI SHIVDAVAKAR)
?
There are many social media sites many of us use this sites. We share
photos, videos, our view & also stay connected with friends & family. We
connect with new people also.
?
We can also use this social media sites for expanding or marketing our
business.
?
The search for social media marketing:-
?
hoosing the right mix.
?
!esources that the brand needs to start on social media.
?
"ow to get organic fans.
?
#naugural campaign for start ups.
?
$now your $%#.
?
onclusion.
?
&ocial media marketing is a process of interacting with the masses
on social networking channels.
?
'y using social media we can enhance the brand image, drive
traffic to desired destination.
?
We can also build buyers persona & fill the sales funnel through
(engaging content).
?
*ore than +, million people use social media. The reach of social
media is %-. #ndia.
?
Top , #ndian brands that are doing great on social media.
?
/odafone
?
Tata 0ocomo
?
.okia
?
1astrack
?
&amsung
?
hoosing the right mix will help in creating an image for the brand.
2n social media the success of brand depends on the kind of social
media channels we are present on 3Twitter, 1ace book, 4oogle,
pinterest, 5ouTube, #nstagram etc.
?
1acebook & twitter give the exposure the brand could get with the colossal
user base these platforms have, but is enough. 2ne must also know about
other social media networking sites that can give discounts etc.
?
2ne can generate organic fans by inviting every person on the 1acebook
friend list, send invitation on 6inked#n etc.
?
The first campaign of the brand on social media is the most pivotal part. The
first impression of a brand is very important.
?
The brand campaign should be to raise awareness of the brand. -
community can be build which could later nurture as potential led base.
?
ontents & 7ui88es can be conducted, don9t delay the response to the
participants & customers.
?
&ocial media is the most powerful tool of digital marketing & is taking over
traditional media rapidly & the marketing on this social media sites is highly
economical.
TYPES OF E-BUSINESS :- (ALOK
JHA)
?
%reviously we had landlines then came pagers & then mobile
phones, people had dial- up connections to the use of internet.
?
.ow we live in a age of digital world everything is :ust a
click away.
?
#nternet is an information based network. We can have
anyone9s information on the internet.
?
-ny business that involves internet as a platform to inform &
promote for a business case. -ny business that communicates
to consumers using the internet is ;-business.
?
Types of ;-'usiness:
?
#nformative: various corporate websites, educational institute
websites etc fall under informative e-business. Websites which dose
not do any transaction, these websites :ust provide information.
3 4ovt websites, classified websitesF 1%&' 4lobal 'oard of 0irectors.
?
"e is also the editor of the financial planning
urnal, a leading
monthly periodical for the financial planning community in #ndia.
?
;arlier he has served as the director of &ymbiosis #nstitute of
*anagement &tudies 3&#*&< during >GGC-=EE>.
?
"e is a 3'&< graduate in statistics & computer
programming with post graduation in management.
?
"e has been called as H*r. Turnaround9 by the Times 2f
#ndia & has featured under H&mart people9 by business
standard & H1ront runner9 by business #ndia.
?
1%&' is a public private enterprise & professional standard
setting body that proactively guides the essential to protect &
benefit the country.
?
#t closely works with the media, public & private sector
firms, government of 7ualified & experienced professionals.
?
*r. !an:eet is a certified 1inancial %lanner, he is currently heading
the -ssociation of 1inancial %lanners the professional institute for
1inancial planners in #ndia.
?
"e has shared his views on many financial planning tool & their uses
by a individual for personal financial planning like buying a home,
car, children marriage etc.
?
"e says "olistic approach is the key, a 1% ertified 1inancial
planner focuses on comprehensive financial advisory services to
individuals.
?
"e says, one of the key differentiator between other 7ualification &
the 1% is the fact that a 1% certificant is committed to I ;s of the
1% certification : /i8 ;ducation, ;xamination, ;xperience & ethics.
?
"e has played a pivotal role in making 1%&' the institution it is and
taking it to higher levels.
MR) PRAMOD SANT ( VP- SCM7 SIEMENS LTD)
?
*r. %ramod &ant has been with &iemens for over =+ years. "is
experience lies in &upply chain management- indirect material &
export control & customs.
?
&iemens heritage in #ndia dates back to >?+C when it began
laying the world9s first undersea cable from 6ondon to $olkata.
?
&iemens set up a branch in #ndia as early as >G== in *umbai &
$olkata. #t started operations as the H&iemens 0ivision9 of protos
engineering a local contracting company.
?
&iemens was engaged in sales & services of our own brand of
switchgear & switch boards. #ts first workshop was located in
under the bridge of what is today the *ahalaxmi !ailway station
in *umbai.
?
The &iemens group in #ndia has emerged as a leading inventor,
innovator & implementer of leading- edge technology enabled
solutions operating in the core business segments of industry ,
energy, healthcare & infrastructure & cities.
?
The group9s business is represented by various companies that
span across their various segments.
?
&iemens brings to #ndia state of art technology that adds value
to customer through a combination of multiple high
technologies for complete solutions.
?
The supply chain industry re7uires people who come with
hands on experience, but there is a huge shortage of 7ualified
& experienced professionals.
?
&upply chain management is the systematic, strategic co-
ordination of the traditional business functions & the tactics
across these business functions within a particular company
& across business for improving the long term performance
of the companies as well supply chain as a whole.
?
&* is a cross functional approach that includes managing
the movement of raw material into the organi8ation, certain
aspects of the internal processing of materials into finished
goods & the movement of finished goods of the
organi8ation.
?
*r. %ramod has been instrumental in &iemens success as an
supply chain master where in a small mistake can cost
dearly.
MR) SHRIRAM KRISHNAN (CFO FO8 STAR
STUDIO LTD)
?
1ox star studio #ndia is aint venture between Twentieth
entury firm & &tar in -sia which overlooks distribution
& marketing of =E
th
century fox9s films in #ndia.
?
1ocused on developing third party million dollar
financial, in kind or media driven marketing partnership
with brands across a variety of product categories in
support of c star studio theatrical releases.
?
1ox &tar are currently producing "indi & #ndian regional
films for distribution in #ndia, while also leveraging fox
theatrical networks global distribution strengths across II
countries.
?
1ox star is currently doing F-, pro:ects in Tamil film
industry where they are partnering with /i:ay T/.
?
1ox studio has a portfolio of "indi films like 1inding 1anny,
'ang 'ang & 'ombay /elvet.
?
*r. &hriram is a true 1inancial man with varied experience in
financial deals & especially in the financing of movies.
?
1ox studio has many films lined up till the end of =E>+ & are
preparing the scripts of many more films.
?
Their partner the fox group is a well know brand across the
globe for producing brilliant movies & some have been
nominated for 2scars also.
?
*r. $rishnan role here is to handle the overall financial aspect
of the firm so that the team can concentrate on scripts and
making a hit film all the time.
NEWS WIRE
9 SMART WAYS TO SUCCESSFULLY
INVEST IN STOCKS
?
#n stock markets you do not make money all the time in every
single stock.
?
, &mart ways to successfully invest in stocks are :-
?
L%%- '%+ #a(#+$ /n &1# $#,&%+ :- one would look for leaders in
the industry they want to invest. 6eaders may fall during
recession or global calamity, but they are back on their feet &
they ultimately make money for shareholders.
?.
L%%- a& &1# ,%4"an.2$ "%&#n&/a '%+ *+%0&1:- -n investor
should also look at the company9s potential for growth while
investing. - company may be small but it may have greater
potential for growth for years to come.
?
A:%/( ,%4"an.2$ 0/&1 1#a:. (#3&:- one should ignore companies
that are heavily debt laden. ompanies with heavy comes crashing
down.
?
L%%- '%+ "%$/&/:# ,a$1 '%0$:- ompanies with positive cash flows
have bright prospects.
?
P+%4%&#+ 3a,-*+%un( 4%$& /4"%+&an& :- The background of the
promoter is most important to look for. Their vision for the company,
the way or area they want to expand etc plays an important role.
#f the above basis are not in place there would be no point in analysis
of a stock.
POST OFFICE TO ISSUE ATM-CUM-
DEBIT CARD FOR SAVINGS ACCOUNT
HOLDERS
?
This facility will be available in post offices that are on core
banking solution platform.
?
-n account standing at any point office with a core banking
solution platform in place will be issued -T*A0ebit card on
payment of fee as may be prescribed by the central
government, currently +C+ post offices are on '& i.e. 0elhi,
*umbai, $olkata & hennai which have gone live on -T*.
?
This entire pro:ect is part of IGEG r9s #T moderni8ation
pro:ect of the 0epartment of post.
?
The aim is to take the -T* network to =?EE by =E>,.
?
The account holders at a post office linked to '&
platform will be allowed to deposit money at any other
post office with '& platform within the prescribed
limits.
?
0eposits can be made through electronic mode also &
pass book may also be provided by only as an option to
the customer.
?
#t also aims to provide customer interaction through call
centers, internet, -T*, mobile banking and net banking.
?
#t will provide an electronic & secure mode of money
transfer even in rural areas.
RBI ADVANCES DEADLINE FOR
PROVIDING SERVICES TO
UNBANKED VILLAGES
?
The !'# 3!eserve 'ank 2f #ndia< has advanced the
deadline for banks to complete the process of providing
banking services in unbanked villages 3with population
less than =EEE< to -ugust >I, =E>, instead of *arch =E>+.
?
0ue to ongoing implementation of the %radhan *antri Jan
0han 5o:na 3%*J05< which is a national mission for
financial inclusion this move has come in view.
?
%hase > of %*J05 which is being implemented through
banks is due for completion by -ugust >I, =E>,.
?
This scheme ensures access to financial services such as
banking 3 savings & deposit accounts, remittance, credit,
insurance & pension etc< in an affordable manner to the
weaker sections & low income groups.
?
#n =E>=, the state level bankers committees 3 &6'9s< were
mandated to prepare a road map covering all unbanked villages
of population less than =EEE & notionally allot these villages to
banks for providing banking services in a tome bound manner.
?
#t was intended to ensure that all villages have at least one
banking outlet for providing banking services.
?
-ll the banks have collectively opened >E.F+ cr basic savings
deposit accounts & issued ?.FG cr !upay debit cards.
EMERGING MARKET BOND
ISSUANCE HITS RECORD IN ;
?
;merging market borrowers issued a record volume of bonds
denominated in hard currency during =E>I, sei8ing the opportunity of
ultra-low interest rates.
?
-ccording to !euters, total issuance from emerging market borrowers,
both sovereign & corporate amounted to nearly KI?E bn in =E>I across
CI= deals compared with KIFG bn in =E>F.
?
The bulk of issuance this year came from co9s which sold KF+C bn of
bonds across +IC transactions, while sovereign borrowers issued K>E+ bn
across C= deals.
?
hina was the biggest source of hard currency issuance this year
accounting for K>E> bn of bonds across >FC deals, followed by 'ra8il
with K II bn & I, issues & *exico KF+ bn.
?
The L& 1ederal !eserve expected to start to raise rates at some point in the
coming year, the cost f servicing dollar debt is expected to become more
expensive and therefore less attractive for borrowers.
?
0avid "auner head of fixe income & ;conomics fro emerging ;urope of
'21-*6 expects dollar-denominated sovereign issuance to fall by around a
7uartet next year.
?
The drop in sovereign issuance will be partly countered by relatively robust
corporate issuance, estimated at around KF,E bn.
?
!egis hatellier of &24;. is of the view that with the ;uropean central bank
now scoping out its first full- scale 7uantitative easing programme the euro will be
the obvious choice.
?
&24;. estimates that IE M of emerging market sovereign debt is going to be
issued in ;uros next year & that will be up from =C M this year.
?
;merging countries are already issuing debt in ;uro, with 1;0 moving towards
tighter monetary policy the ;' will move in opposite direction to keep the cost
of ;uro debt cheaper to service.
WHAT IS THE DIFFERENCE BETWEEN RECURRING 5
FI8ED DEPOSITS
?
*ost people rely on bank deposits for their savings & investments.
?
'ut many gets confused between recurring & fixed deposits.
?
!0 & 10 have same features regarding safety, maturity, interest
rate even the tax payable on these accounts.
The difference is in the nature of tax deduction:
?
#n 10, banks deduct T0& if he interest income in a year exceeds
!s. >EEEE but there is no T0& deduction in recurring deposit.
?
#n comparison 10 tends to give higher returns.
?
1ixed deposits are better for someone who has lump sum amount & may not
need for a period of time.
?
#nterest rate depends on the maturity period, longer the period greater the
interest rate.
?
The T0& is applicable on maturity amount.
?
#f the interest paid on the deposits exceeds !s.>E,EEE per year then T0& is
deducted.
?
#f the investor does not have lump sum amount & is looking for monthly
savings then recurring deposits are useful.
?
#nterest rate depends upon the maturity period , longer the period greater the
interest rates.
?
There is no T0& applicable on !0.
SMART INVESTMENT STRATEGIES TO FOLLOW IN
INDIA IN ;I marked a year of good returns getting similar returns in
=E>, is an impossible task.
?
&o here are some smart investment strategies to follow in =E>,:
?
%artially book profits in shares on every rally.
?
/ery few analyst see a gain of >EM in e7uities this year.
?
'uy on dips & sell on rallies would be the smart way out.
?
In:#$& /n (#3& /n$&+u4#n&$ 01/,1 1a:# a %n* &#+4 &#nu+#:-
#nvest in a debt related instrument with a longer duration, by
investing in debt for longer term you are hedging against
falling interest rates.
?
Pa+&/a. (/:#+$/'. /n&% G%( :- #f there is a crisis around the
globe, the first investment that rallies is gold. Therefore, the best
strategy would be to invest partially in gold.
?
C%$&. R#a E$&a&# &% *% n%01#+# :- #nvestment in real estate
would depend on strategy in every state, so study the market well
before investing in real estate.
?
0ebt instruments are favored over any other instruments because
at least the capital is protected.
?
2ne can also go for bank deposits considering that # will pay fixed
rate, but will be on the lower side.
-t last the investor need to be well educated with all the pros &
cons of different investments to make the correct decision.
INSURANCE SECTOR EYES FDI WORTH BILLIONS IN
NEW YEAR
?
#nsurance sector got its long awaited dose of reforms in
=E>I end. The foreign investment is estimated at up to
+E,EEE crores.
?
1inance minister -run Jaitely has expressed hope that the
hike of foreign investment in insurance sector to IGM will
result in capital inflow of +-? billion.
?
#!0- chairman T& /i:ayan says that the domestic
insurance industry needs up to investments worth +E,EEE
crores in next , years to increase penetration levels
substantially from the current ,.G M.
?
-ccording to %.' *et6ife #ndia ;2 & *0 Tarun hugh the
investments will be done in product innovation & to increase
market penetration.
?
This year the general insurance industry saw some mar losses to
natural calamities like J&$ floods & the "ud "ud cyclone & the
total losses accounted would be close to !s. ,EEE r.
?
With the government , the insurance regulator 3#!0-< & the
industry working together , there will be increased level of
knowledge among the population & that should create greater
acceptability of insurance.
?
There are ,= insurance companies in #ndia of which =I are in life
insurance business & =? are in general insurance business. 4# is
the sole re-insurer.
ONLINE MONEY TRANSFER
GROWING RAPIDLY7 DIGITAL MONEY
ON THE CARDS
?
2nline money transfer in emerging as a hot favourite when it comes to
payments.
?
There has been a tremendous increase in online transfers using the
.ational ;lectronic 1und Transfer 3.;1T< & !eal Time 4ross
&ettlement 3!T4&
It is the research work give to welingkar students in their 1st semester.
PRIYA G SHEWAKRAMANI
Banking,
Investment &
Insurance
WE TUBE
USE OF SOCIAL MEDIA IN
MARKETING (SURASHI SHIVDAVAKAR)
?
There are many social media sites many of us use this sites. We share
photos, videos, our view & also stay connected with friends & family. We
connect with new people also.
?
We can also use this social media sites for expanding or marketing our
business.
?
The search for social media marketing:-
?
hoosing the right mix.
?
!esources that the brand needs to start on social media.
?
"ow to get organic fans.
?
#naugural campaign for start ups.
?
$now your $%#.
?
onclusion.
?
&ocial media marketing is a process of interacting with the masses
on social networking channels.
?
'y using social media we can enhance the brand image, drive
traffic to desired destination.
?
We can also build buyers persona & fill the sales funnel through
(engaging content).
?
*ore than +, million people use social media. The reach of social
media is %-. #ndia.
?
Top , #ndian brands that are doing great on social media.
?
/odafone
?
Tata 0ocomo
?
.okia
?
1astrack
?
&amsung
?
hoosing the right mix will help in creating an image for the brand.
2n social media the success of brand depends on the kind of social
media channels we are present on 3Twitter, 1ace book, 4oogle,
pinterest, 5ouTube, #nstagram etc.
?
1acebook & twitter give the exposure the brand could get with the colossal
user base these platforms have, but is enough. 2ne must also know about
other social media networking sites that can give discounts etc.
?
2ne can generate organic fans by inviting every person on the 1acebook
friend list, send invitation on 6inked#n etc.
?
The first campaign of the brand on social media is the most pivotal part. The
first impression of a brand is very important.
?
The brand campaign should be to raise awareness of the brand. -
community can be build which could later nurture as potential led base.
?
ontents & 7ui88es can be conducted, don9t delay the response to the
participants & customers.
?
&ocial media is the most powerful tool of digital marketing & is taking over
traditional media rapidly & the marketing on this social media sites is highly
economical.
TYPES OF E-BUSINESS :- (ALOK
JHA)
?
%reviously we had landlines then came pagers & then mobile
phones, people had dial- up connections to the use of internet.
?
.ow we live in a age of digital world everything is :ust a
click away.
?
#nternet is an information based network. We can have
anyone9s information on the internet.
?
-ny business that involves internet as a platform to inform &
promote for a business case. -ny business that communicates
to consumers using the internet is ;-business.
?
Types of ;-'usiness:
?
#nformative: various corporate websites, educational institute
websites etc fall under informative e-business. Websites which dose
not do any transaction, these websites :ust provide information.
3 4ovt websites, classified websitesF 1%&' 4lobal 'oard of 0irectors.
?
"e is also the editor of the financial planning
urnal, a leadingmonthly periodical for the financial planning community in #ndia.
?
;arlier he has served as the director of &ymbiosis #nstitute of
*anagement &tudies 3&#*&< during >GGC-=EE>.
?
"e is a 3'&< graduate in statistics & computer
programming with post graduation in management.
?
"e has been called as H*r. Turnaround9 by the Times 2f
#ndia & has featured under H&mart people9 by business
standard & H1ront runner9 by business #ndia.
?
1%&' is a public private enterprise & professional standard
setting body that proactively guides the essential to protect &
benefit the country.
?
#t closely works with the media, public & private sector
firms, government of 7ualified & experienced professionals.
?
*r. !an:eet is a certified 1inancial %lanner, he is currently heading
the -ssociation of 1inancial %lanners the professional institute for
1inancial planners in #ndia.
?
"e has shared his views on many financial planning tool & their uses
by a individual for personal financial planning like buying a home,
car, children marriage etc.
?
"e says "olistic approach is the key, a 1% ertified 1inancial
planner focuses on comprehensive financial advisory services to
individuals.
?
"e says, one of the key differentiator between other 7ualification &
the 1% is the fact that a 1% certificant is committed to I ;s of the
1% certification : /i8 ;ducation, ;xamination, ;xperience & ethics.
?
"e has played a pivotal role in making 1%&' the institution it is and
taking it to higher levels.
MR) PRAMOD SANT ( VP- SCM7 SIEMENS LTD)
?
*r. %ramod &ant has been with &iemens for over =+ years. "is
experience lies in &upply chain management- indirect material &
export control & customs.
?
&iemens heritage in #ndia dates back to >?+C when it began
laying the world9s first undersea cable from 6ondon to $olkata.
?
&iemens set up a branch in #ndia as early as >G== in *umbai &
$olkata. #t started operations as the H&iemens 0ivision9 of protos
engineering a local contracting company.
?
&iemens was engaged in sales & services of our own brand of
switchgear & switch boards. #ts first workshop was located in
under the bridge of what is today the *ahalaxmi !ailway station
in *umbai.
?
The &iemens group in #ndia has emerged as a leading inventor,
innovator & implementer of leading- edge technology enabled
solutions operating in the core business segments of industry ,
energy, healthcare & infrastructure & cities.
?
The group9s business is represented by various companies that
span across their various segments.
?
&iemens brings to #ndia state of art technology that adds value
to customer through a combination of multiple high
technologies for complete solutions.
?
The supply chain industry re7uires people who come with
hands on experience, but there is a huge shortage of 7ualified
& experienced professionals.
?
&upply chain management is the systematic, strategic co-
ordination of the traditional business functions & the tactics
across these business functions within a particular company
& across business for improving the long term performance
of the companies as well supply chain as a whole.
?
&* is a cross functional approach that includes managing
the movement of raw material into the organi8ation, certain
aspects of the internal processing of materials into finished
goods & the movement of finished goods of the
organi8ation.
?
*r. %ramod has been instrumental in &iemens success as an
supply chain master where in a small mistake can cost
dearly.
MR) SHRIRAM KRISHNAN (CFO FO8 STAR
STUDIO LTD)
?
1ox star studio #ndia is a
int venture between Twentiethentury firm & &tar in -sia which overlooks distribution
& marketing of =E
th
century fox9s films in #ndia.
?
1ocused on developing third party million dollar
financial, in kind or media driven marketing partnership
with brands across a variety of product categories in
support of c star studio theatrical releases.
?
1ox &tar are currently producing "indi & #ndian regional
films for distribution in #ndia, while also leveraging fox
theatrical networks global distribution strengths across II
countries.
?
1ox star is currently doing F-, pro:ects in Tamil film
industry where they are partnering with /i:ay T/.
?
1ox studio has a portfolio of "indi films like 1inding 1anny,
'ang 'ang & 'ombay /elvet.
?
*r. &hriram is a true 1inancial man with varied experience in
financial deals & especially in the financing of movies.
?
1ox studio has many films lined up till the end of =E>+ & are
preparing the scripts of many more films.
?
Their partner the fox group is a well know brand across the
globe for producing brilliant movies & some have been
nominated for 2scars also.
?
*r. $rishnan role here is to handle the overall financial aspect
of the firm so that the team can concentrate on scripts and
making a hit film all the time.
NEWS WIRE
9 SMART WAYS TO SUCCESSFULLY
INVEST IN STOCKS
?
#n stock markets you do not make money all the time in every
single stock.
?
, &mart ways to successfully invest in stocks are :-
?
L%%- '%+ #a(#+$ /n &1# $#,&%+ :- one would look for leaders in
the industry they want to invest. 6eaders may fall during
recession or global calamity, but they are back on their feet &
they ultimately make money for shareholders.
?.
L%%- a& &1# ,%4"an.2$ "%&#n&/a '%+ *+%0&1:- -n investor
should also look at the company9s potential for growth while
investing. - company may be small but it may have greater
potential for growth for years to come.
?
A:%/( ,%4"an.2$ 0/&1 1#a:. (#3&:- one should ignore companies
that are heavily debt laden. ompanies with heavy comes crashing
down.
?
L%%- '%+ "%$/&/:# ,a$1 '%0$:- ompanies with positive cash flows
have bright prospects.
?
P+%4%&#+ 3a,-*+%un( 4%$& /4"%+&an& :- The background of the
promoter is most important to look for. Their vision for the company,
the way or area they want to expand etc plays an important role.
#f the above basis are not in place there would be no point in analysis
of a stock.
POST OFFICE TO ISSUE ATM-CUM-
DEBIT CARD FOR SAVINGS ACCOUNT
HOLDERS
?
This facility will be available in post offices that are on core
banking solution platform.
?
-n account standing at any point office with a core banking
solution platform in place will be issued -T*A0ebit card on
payment of fee as may be prescribed by the central
government, currently +C+ post offices are on '& i.e. 0elhi,
*umbai, $olkata & hennai which have gone live on -T*.
?
This entire pro:ect is part of IGEG r9s #T moderni8ation
pro:ect of the 0epartment of post.
?
The aim is to take the -T* network to =?EE by =E>,.
?
The account holders at a post office linked to '&
platform will be allowed to deposit money at any other
post office with '& platform within the prescribed
limits.
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0eposits can be made through electronic mode also &
pass book may also be provided by only as an option to
the customer.
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#t also aims to provide customer interaction through call
centers, internet, -T*, mobile banking and net banking.
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#t will provide an electronic & secure mode of money
transfer even in rural areas.
RBI ADVANCES DEADLINE FOR
PROVIDING SERVICES TO
UNBANKED VILLAGES
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The !'# 3!eserve 'ank 2f #ndia< has advanced the
deadline for banks to complete the process of providing
banking services in unbanked villages 3with population
less than =EEE< to -ugust >I, =E>, instead of *arch =E>+.
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0ue to ongoing implementation of the %radhan *antri Jan
0han 5o:na 3%*J05< which is a national mission for
financial inclusion this move has come in view.
?
%hase > of %*J05 which is being implemented through
banks is due for completion by -ugust >I, =E>,.
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This scheme ensures access to financial services such as
banking 3 savings & deposit accounts, remittance, credit,
insurance & pension etc< in an affordable manner to the
weaker sections & low income groups.
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#n =E>=, the state level bankers committees 3 &6'9s< were
mandated to prepare a road map covering all unbanked villages
of population less than =EEE & notionally allot these villages to
banks for providing banking services in a tome bound manner.
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#t was intended to ensure that all villages have at least one
banking outlet for providing banking services.
?
-ll the banks have collectively opened >E.F+ cr basic savings
deposit accounts & issued ?.FG cr !upay debit cards.
EMERGING MARKET BOND
ISSUANCE HITS RECORD IN ;
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;merging market borrowers issued a record volume of bonds
denominated in hard currency during =E>I, sei8ing the opportunity of
ultra-low interest rates.
?
-ccording to !euters, total issuance from emerging market borrowers,
both sovereign & corporate amounted to nearly KI?E bn in =E>I across
CI= deals compared with KIFG bn in =E>F.
?
The bulk of issuance this year came from co9s which sold KF+C bn of
bonds across +IC transactions, while sovereign borrowers issued K>E+ bn
across C= deals.
?
hina was the biggest source of hard currency issuance this year
accounting for K>E> bn of bonds across >FC deals, followed by 'ra8il
with K II bn & I, issues & *exico KF+ bn.
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The L& 1ederal !eserve expected to start to raise rates at some point in the
coming year, the cost f servicing dollar debt is expected to become more
expensive and therefore less attractive for borrowers.
?
0avid "auner head of fixe income & ;conomics fro emerging ;urope of
'21-*6 expects dollar-denominated sovereign issuance to fall by around a
7uartet next year.
?
The drop in sovereign issuance will be partly countered by relatively robust
corporate issuance, estimated at around KF,E bn.
?
!egis hatellier of &24;. is of the view that with the ;uropean central bank
now scoping out its first full- scale 7uantitative easing programme the euro will be
the obvious choice.
?
&24;. estimates that IE M of emerging market sovereign debt is going to be
issued in ;uros next year & that will be up from =C M this year.
?
;merging countries are already issuing debt in ;uro, with 1;0 moving towards
tighter monetary policy the ;' will move in opposite direction to keep the cost
of ;uro debt cheaper to service.
WHAT IS THE DIFFERENCE BETWEEN RECURRING 5
FI8ED DEPOSITS
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*ost people rely on bank deposits for their savings & investments.
?
'ut many gets confused between recurring & fixed deposits.
?
!0 & 10 have same features regarding safety, maturity, interest
rate even the tax payable on these accounts.
The difference is in the nature of tax deduction:
?
#n 10, banks deduct T0& if he interest income in a year exceeds
!s. >EEEE but there is no T0& deduction in recurring deposit.
?
#n comparison 10 tends to give higher returns.
?
1ixed deposits are better for someone who has lump sum amount & may not
need for a period of time.
?
#nterest rate depends on the maturity period, longer the period greater the
interest rate.
?
The T0& is applicable on maturity amount.
?
#f the interest paid on the deposits exceeds !s.>E,EEE per year then T0& is
deducted.
?
#f the investor does not have lump sum amount & is looking for monthly
savings then recurring deposits are useful.
?
#nterest rate depends upon the maturity period , longer the period greater the
interest rates.
?
There is no T0& applicable on !0.
SMART INVESTMENT STRATEGIES TO FOLLOW IN
INDIA IN ;I marked a year of good returns getting similar returns in
=E>, is an impossible task.
?
&o here are some smart investment strategies to follow in =E>,:
?
%artially book profits in shares on every rally.
?
/ery few analyst see a gain of >EM in e7uities this year.
?
'uy on dips & sell on rallies would be the smart way out.
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In:#$& /n (#3& /n$&+u4#n&$ 01/,1 1a:# a %n* &#+4 &#nu+#:-
#nvest in a debt related instrument with a longer duration, by
investing in debt for longer term you are hedging against
falling interest rates.
?
Pa+&/a. (/:#+$/'. /n&% G%( :- #f there is a crisis around the
globe, the first investment that rallies is gold. Therefore, the best
strategy would be to invest partially in gold.
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C%$&. R#a E$&a&# &% *% n%01#+# :- #nvestment in real estate
would depend on strategy in every state, so study the market well
before investing in real estate.
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0ebt instruments are favored over any other instruments because
at least the capital is protected.
?
2ne can also go for bank deposits considering that # will pay fixed
rate, but will be on the lower side.
-t last the investor need to be well educated with all the pros &
cons of different investments to make the correct decision.
INSURANCE SECTOR EYES FDI WORTH BILLIONS IN
NEW YEAR
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#nsurance sector got its long awaited dose of reforms in
=E>I end. The foreign investment is estimated at up to
+E,EEE crores.
?
1inance minister -run Jaitely has expressed hope that the
hike of foreign investment in insurance sector to IGM will
result in capital inflow of +-? billion.
?
#!0- chairman T& /i:ayan says that the domestic
insurance industry needs up to investments worth +E,EEE
crores in next , years to increase penetration levels
substantially from the current ,.G M.
?
-ccording to %.' *et6ife #ndia ;2 & *0 Tarun hugh the
investments will be done in product innovation & to increase
market penetration.
?
This year the general insurance industry saw some ma
r losses tonatural calamities like J&$ floods & the "ud "ud cyclone & the
total losses accounted would be close to !s. ,EEE r.
?
With the government , the insurance regulator 3#!0-< & the
industry working together , there will be increased level of
knowledge among the population & that should create greater
acceptability of insurance.
?
There are ,= insurance companies in #ndia of which =I are in life
insurance business & =? are in general insurance business. 4# is
the sole re-insurer.
ONLINE MONEY TRANSFER
GROWING RAPIDLY7 DIGITAL MONEY
ON THE CARDS
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2nline money transfer in emerging as a hot favourite when it comes to
payments.
?
There has been a tremendous increase in online transfers using the
.ational ;lectronic 1und Transfer 3.;1T< & !eal Time 4ross
&ettlement 3!T4&