Motivating Monday Quote of the Day

Financial Coffee

(Please click on the Newspaper link to read the full article)   INDIAN ECONOMY Plan Expenditure may face substantial cut in Budget ‘India’s savings rate to plunge to 10-year low this fiscal’ Close to 6% growth on manufacturing picking up in Jan-Mar: Rangarajan Global Economy: China factories see only modest pick-up, Europe stabilises, HSBC, Markit PMIs show INTERNATIONAL ECONOMY Service Industries in U.S. Probably Maintained Momentum China Services Industries Expanded at Faster Pace in January Japan Finance Minister Models Policy After 1930s Stimulus China Reports highest Capital-Financial Account Gap for 2012 Payroll Gains in Recent Months Show Progress in U.S. Jobs Market Euro Rallies to Highest Since 2011 as ECB Balance Sheet Shrinks European Stocks Post Weekly Drop; Santander, Saipem Slide   EQUITY MARKET Trade cautiously as bears seem to be in control of markets: Analysts Markets may see consolidation, Q3 results to set tone: experts Market cap of top 7 companies dip by Rs 30,797 cr FIIs invest Rs 22,000 cr into Indian equities in Jan LIC cuts holdings in 27 Nifty firms, sells shares worth Rs 8k cr DEBT MARKET Seven states to auction 10-yr bonds to raise Rs 7,670 cr NHB to raise Rs 5,000 crore from tax-exempt bonds by March-end Why investors don’t bank on tax-saving deposits Italian Bonds Fall After 10-Year Debt Sale; Irish Notes Advance Credit Swaps in U.S. Fall as Hiring Rises, Manufacturing Expands Treasury Yields Rise to Highest Since April as U.S. Adds Jobs COMMODITIES Health will be the fastest growing insurance business: Tapan Singhel Oil Completes Longest Run of Weekly Gains Since 2004 Commodities Post Longest Run of Weekly Gains Since 1996 Crude oil prices up in Asian trade   FOREX Euro Rallies to Highest Since 2011 as ECB Balance Sheet Shrinks Pound Falls Versus Euro as Data Signals Recovery Stalling Asian Currencies Decline in Week as Yen Tumble Threatens Exports Dollar Drops to 14-Month Low on U.S. Jobs; Yen Slides Rupee rallies on fund inflows  MUTUAL FUNDS MFs sport 'RGESS' tag to tap tax-saving season flows MFs garner over Rs 1 lakh cr from investors in Apr-Dec 2012 Business Line:-SBI Magnum Equity: Invest Business Line:-Building on Banking and Energy Market regulator Sebi to introduce product labelling for Mutual Funds soon INSURANCE Health will be the fastest growing insurance business: Tapan Singhel Drop in average premium size of life insurance policies: Deloitte REAL ESTATE Discounts through real estate group buys China Home Prices Have Biggest Gain in 2 Years Maytas Properties agrees to pay Rs 850 crore as settlement to SRS Investments, JM Financial OPINION Gold struggles to gain traction Asset markets are driving inflation India’s GDP growth estimate KNOWLEDGE CENTER How to reap benefits from a diversified investment portfolio Park money in a contingency fund Look beyond Section 80 C for tax-saving instruments Guarding against a weak rupee How the rupee’s movements can wreck your portfolio

My Wealth Club's Sunny Saturday Quote of the Day

Fantastic Friday Quote of the Day

Financial Coffee

(Please click on the Newspaper link to read the full article)   INDIAN ECONOMY Govt to come out with modified DTC Bill: Shome 8 core industries’ output dips to 2.6% in December Govt revises downwards FY12 GDP to 6.2% from 6.5% Statistical twist to help India's 2012/13 growth look better Worsening global situation to have severe impact on India: ADB Retail inflation for industrial workers rises to 11.17% in Dec Union Budget: Desperate on deficit, govt to set to slash defence and welfare spending   INTERNATIONAL ECONOMY German Unemployment Unexpectedly Declined in January R-Word For U.S. Economy in 2013 is Rebound Not Recession Asia Leads Global Recovery After Unexpected U.S. Slip U.K. Consumer Confidence Increases on Economic Outlook Russian GDP Growth Slowest Since 2009 Consumer Spending in U.S. Rose in December EQUITY MARKET India's domestic air traffic shrank by 2.1 per cent: IATA Sensex falls to 2-week low on profit-booking Govt fixes floor price of Oil India stake sale at Rs 510, auction tomorrow DEBT MARKET More banks cut lending rates Treasury Yields Almost at 9-Month High Before Payrolls Bond Sales Globally Reach Busiest January  German Bunds Rise After Retail Sales Decline My Wealth Club's Alternative to Bank Fixed Deposit COMMODITIES Gold up Rs 65 on fresh buying; silver gains Rs 480 Oil Falls for First Time in Four Days on Jobless Claims Gold Falls Most in Week as Improving Economies Curb Haven Demand Copper Swings Between Gains and Drops  FOREX Rupee ends a tad stronger Euro Has Longest Stretch of Monthly Gains in Decade Canada Dollar Breaks Parity as Growth Beats Expectations Brazil Real Trades Stronger Than 2 Per Dollar as Inflow Tax Cut Pound Climbs 3rd Day Versus Dollar as Confidence Rises Australian Dollar Drops as Stocks Fall  MUTUAL FUNDS Equity mutual funds' exposure in banks up 200 bps in Q3 AMFI revises code of conduct for mutual fund intermediaries Debt mutual funds stand to gain from declining rates: Experts INSURANCE Drop in average premium size of life insurance policies: Deloitte Government puts on hold plans to list state-run insurers REAL ESTATE India ranks 9th globally for office space demand, says RICS Maytas Properties agrees to pay Rs 850 crore as settlement Hyderabad second most affordable office market in world: DTZ OPINION FinMin: Cut FD rates for senior citizens Interest rate only a smokescreen A forex fight? Bipartisan cooperation alone can ensure the roll out of GST & create a borderless national market Powerless against policy winds KNOWLEDGE CENTER How to gain most out of RBI's rate cuts Higher EPF deduction can help build better retirement kitty A rush to reduce taxes can cost you dear Tax planning for new year