If you’re unhappy with the
general 6% rate of interest that your bank ,a private one or a public sector
one is offering then this is an offer that you can seriously take a good look at.
Not only does it offer a higher rate of interest, it’s also from a reputable
institution.
The Tata Motors Fixed Deposit Scheme has been well known for quite some
time with the financially educated for the past few months. If you too have
heard of it and are a tad bit miffed that you might have missed the boat, relax!
Because there is still time to invest in this scheme which compared to your
local bank offers a much higher rate of interest.
One of the foremost criticisms
about the Interim Budget the past month has been that it’s been a lot more
descriptive instead of being a lot more prescriptive. The focus as we have made
clear in the past has been on the General Elections. The breakdown in the Finance
Ministry over the past three months would have been passed off under normal circumstances.
However the global economic crisis is needless to say a game changer.
Now that the dates for the
elections are finally out the Indian economy must rely on its chief regulatory
institutions for guidance. The present government is busy pre occupied with the
election and a new one will be declared only on May 16.Assuming that the new
government takes charge only in the middle of June; India is looking at a four
month lull in concrete policy which in this time is very discouraging.
It’s been one very small success
for the Indian Finance departments. The Finance Ministry in collaboration with
the Reserve Bank Of India and similar regulators has managed to curb India’s
inflationary streak. A problem which until a few months ago threatened to send
the economy into a totally unflattering new direction. India’s biggest fight
against inflation in over a decade seems to have been won thankfully, at least
for now.
The past couple of weeks have
drastically altered stock market strategies for many companies. Most have been
aware from the month of March that their future financing questions need very
specific answers. The banking system is on shaky ground with each bank simply
refusing to lend money to a company no matter how credible or in need of
capital it is. Companies have been trying to squeeze loans out of banks and are
in returning paying ridiculously high amounts of interest in return. Some
companies are paying interest as high as 35 %.Thus many companies have decided
to sell more shares of their brands in an effort to raise funds. While this was
the right thing to do even 6 weeks ago, it isn’t anymore because the savviest
of investors are refusing to part with cash.
The people of India wait with bated breath for home loan interest rates to fall. There is no doubt that the average Indian dream of owning his own home is stronger then compared to other impulses.
One of the foremost criticisms
about the Interim Budget the past month has been that it’s been a lot more
descriptive instead of being a lot more prescriptive. The focus as we have made
clear in the past has been on the General Elections. The breakdown in the Finance
Ministry over the past three months would have been passed off under normal circumstances.
However the global economic crisis is needless to say a game changer.
It’s been one very small success
for the Indian Finance departments. The Finance Ministry in collaboration with
the Reserve Bank Of India and similar regulators has managed to curb India’s
inflationary streak. A problem which until a few months ago threatened to send
the economy into a totally unflattering new direction. India’s biggest fight
against inflation in over a decade seems to have been won thankfully, at least
for now. 
The past couple of weeks have
drastically altered stock market strategies for many companies. Most have been
aware from the month of March that their future financing questions need very
specific answers. The banking system is on shaky ground with each bank simply
refusing to lend money to a company no matter how credible or in need of
capital it is. Companies have been trying to squeeze loans out of banks and are
in returning paying ridiculously high amounts of interest in return. Some
companies are paying interest as high as 35 %.Thus many companies have decided
to sell more shares of their brands in an effort to raise funds. While this was
the right thing to do even 6 weeks ago, it isn’t anymore because the savviest
of investors are refusing to part with cash. 