MONEY & BANKING
FINANCIAL SERVICES
Money changing
We undertake money changing activities in individual capacity. Will our services attract service tax? If yes, under which category? Money changing is not a banking or a specified financial service, as defined in Section 65(12) of the ...
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INSIGHT
Factoring of receivables and payables
Working capital management is a difficult job and one has to be very careful about cash management to maximise profits. One such tool available to the businesses is factoring. Receivables and payables are factored by institutions. Factoring is ...
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US Fed: Between Scylla and Charybdis
The US economy has come this far unscathed simply because the dollar is the world's reserve currency and Asian central bankers allowed this situation to continue despite deteriorating fundamentals. Sooner than later, however, they will demand higher interest rates on dollar holdings to compensate for the diminishing purchasing power. That would be the final blow that ends an era of low interest rates, deficit spending and, indeed, US consumption-led growth, says SHANMUGANATHAN N.
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FOREX
Using forex reserves for funding infrastructure
Forex reserves virtually make up the Reserve Bank of India's entire assets. From a position of shipping gold to London to borrow a few millions to the $200-billion reserves today, it has been a remarkable journey. A debate on making funds ...
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INSURANCE
IRDA mulls halving minimum training period for agents
Insurers have long maintained that the 100 hours of mandatory training translated to micro-management by the regulator.
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INTERNET
Financial portal launched
The Hyderabad-based start-up company ValueMinds has launched bfsiforums.com, a portal for information on banking, financial services and insurance industry. "The portal will act as an online community forum for the banking, ...
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DEBT MARKET
Bonds firm as traders await RBI intervention to soak up liquidity
Forward premia dip on massive capital inflows
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INTEREST RATES
Inflation and interest rates
A CA final student, I would like to understand the relation between inflation and interest rates. Utkarsh It is typically a positive relation. In other words, both tend to move either up or down ...
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