Welcome 2016 with 6 alluring resolutions to shape-up a financially secured life!

Welcome 2016 with 6 alluring resolutions to shape-up a financially secured life!

1.
Pursue a hobby

 This one is really powerful. More time that you spend on pursuing something purposeful, more is the contentment in life. 

You would also suddenly stop equating the purpose of life to being another shopper in the next big sale of your neighbourhood super-mall.




2.
Stop lashing that credit card

Credit cards come with massive interest rates. And to save the cash for now, you are getting into a long debt cycle that is best avoidable. The extra-buying can always wait for later.


3.
Delay gratifications

Indiscriminate buying never really made anyone happy in the long-term. 

Tie the buys in your life to some milestone that you achieve. Desiring before deserving is often unwise.


4.
Don’t avoid expenses that save you time

 Time is money. The most successful people in the world know this. Never save on small expenses that take away time from you.


5.
Start as many SIPs that you can

SIP is the most hassle-free way of investing. Set up an amount, set up an auto-debit mandate and before you realize, you have a fluent investment plan and your money is growing over time.


6.
Invest in self

Read books, take courses, watch videos. Learn something new. You would earn more, live happier. There is no greater ROI than investing in one’s own self.

https://online.utimf.com/

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HSBC India launches ‘HSBC Skills for Life’ progamme

HSBC India launches ‘HSBC Skills for Life’ progamme

 HSBC Skills for Life programme will skill over 75,000 young people and women

 Partners with Swades Foundation for rolling out the first vertical of the programme

HSBC launched HSBC Skills for Life, a skill development programme that aims to provide young people and women with requisite skillsets to enable them to earn a sustainable livelihood. HSBC has committed a sum of INR100 crore towards this programme and aims to cover 75,000 young people and women spread over the next five years.

The HSBC Skills for Life programme was announced on 12 November 2015 in London in a joint statement by the Indian Prime Minister Narendra Modi and UK Prime Minister David Cameron.

Through this flagship skill programme HBSC will support non-profit organisations in the following three focus areas.


 Employment linked skills development of disadvantaged young people – HSBC will work with non-profit organisations on enterprise and employment linked training wherein young people will be taught skills that can help them earn a sustainable livelihood. The programme will map demand with industry requirements and link skill building with relevant jobs. It will also develop an entrepreneurial ecosystem through collaborations with organisations working in this space.

  Upskilling of educators and teachers – The programme will focus on enhancing the skills of educators and teachers and will support different scalable models that include Train the Trainers (TOT) approach, digitisation of content, curriculum translation into different languages etc. to scale learning and multiply impact.

  Women’s empowerment through livelihood enhancement – The key focus on this vertical will be to enhance the capacities and improving the livelihood potential of rural and urban disadvantaged women through financial literacy and building entrepreneurial capabilities.

HSBC also announced an INR 50 Crore partnership with the Swades Foundation to roll out the first vertical of the HSBC Skills for Life programme. This partnership will provide employment linked skills training to 30,000 disadvantaged young people over the next five years.
The key pillars of the partnership with Swades Foundation are:

  Strong emphasis on screening, partner selection and evaluation: Partnerships are being forged with reputed academic institutions to create a transparent and effective screening and evaluation process that takes into account regional differences. Tata Institute of Social Sciences (TISS) will be the Monitoring and Evaluation (M&E) partner for this Programme.

  Senior Advisory Group for project review and selection: An Advisory Group has been set up to review and select short-listed skill development projects. It will also provide key industry and sector insight and inputs to the programme. This will further the cause of employment and entrepreneurship for disadvantaged young people. 

The Advisory Group comprises of eminent industry and sector leaders. They are Anu Aga, Former Executive Chairperson, Thermax Group; Manish Sabharwal, Co-Founder & Chairman, TeamLease Services; Rati Forbes, Director, Forbes Marshall Ltd.; Richard Rekhy, CEO, KPMG India; Ronnie Screwvala, Founder Trustee, Swades Foundation; Sanjiv Mehta, CEO & MD, Hindustan Unilever Limited; K Satish Reddy, Chairman, Dr. Reddy's Laboratories; Stuart P Milne, Group General Manager & CEO, HSBC India; S Ramadorai, Chairman, National Skills Development Agency &  Chairman, National Skills Development Corporation (NSDC); Sunil Sood, MD & CEO, Vodafone India Ltd.

 Focus on priority sectors: The programme will support skill development in eight priority high growth sectors: Retail; BFSI (banking, financial services and insurance); Beauty and Wellness; Tourism, Travel and Hospitality; Healthcare; Transportation & Logistics; IT & ITES; and Electronic and IT Hardware;
The second and third verticals will be initiated from 2016 onwards in partnership with other NGOs.

Stuart P Milne, Group General Manager and Chief Executive Officer, HSBC India, said: “I am delighted to launch this Programme today. Skills development is strategic need for India which fits very well with HSBC’s global focus on education for young peole from disadvantaged communities. Our measure of success will be quality outcomes, in particular the number of young peole we train who find long term employment, helping them to achieve their hopes and dreams. This flagship Programme is made possible by the support of our customers across India and I, on behalf of those who will benefit from HSBC Skills for Life, thank you for your support.”

Ronnie Screwvala, Founder Trustee, Swades Foundation, said: “We are delighted to partner with the HSBC Skills for Life programme to further economic opportunity for disadvantaged young people. It is a reinforcement of our commitment of enabling the young people of India to build a better and brighter future for themselves, and a step forward towards creating One India - an India that is not marred by the rural and urban divide."

HSBC and Sustainability

HSBC's corporate sustainability strategy includes the development of sustainable business opportunities, management of its own environmental footprint, and its community investments. The bank has a long term commitment to the communities in which it operates. Our financial inclusion initiatives support education of children from underprivileged communities, life skills training for disadvantaged young people and financial literacy and entrepreneurship capacity building for rural women in marginalised communities. 

HSBC’s environmental initiatives support water harvesting, habitat and biodiversity conservation, sustainable livelihoods, water and climate change awareness.

At HSBC, employee volunteering is a core component of our commitment to supporting the communities and also provides our employees with the opportunity to experience and learn about the issues that matter in their community and to apply this new knowledge and experience at work. 

For more information on HSBC’s sustainability initiatives in India, please visit www.hsbc.co.in.


About HSBC India

The Hongkong and Shanghai Banking Corporation Limited in India offers a full range of banking and financial services through 50 branches and 140 ATMs across 29 cities.

HSBC is one of India's leading financial services groups, with over 32,000 employees in its banking, investment banking and capital markets, asset management, insurance, software development and global resourcing operations in the country. It is a leading custodian in India. Nearly 6% of India's trade passes through HSBC. The Bank is at the forefront in arranging deals for Indian companies investing overseas and foreign investments into the country.





 
 
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Individuals and investment process by Mr. Benjamin Graham.

Investing Mantra's - Stock Market

"Individuals Who can not master 
their emotions are  ill-suited 
to profit from 
the investment process"-
Mr.  Benjamin Graham.
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Who can avail income tax benefit on education loan?

Who can avail income tax benefit on education loan?

An individual can avail of tax benefit on interest paid on an education loan for self or a relative.


Relative meaning spouse, child or / a student for whom the individual is a legal guardian.
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Education Loan : Effective Rate of Interest

Education  Loan : Effective Rate of Interest


Education 
Loan Amount (Rs.)
Interest Rate
Interest Amount (Rs.)
Yearly Tax Savings (Rs.)
Effective Rate of Interest
2,00,000
13.5%
27,000
8,343
9.33%
4,00,000
13.5%
54,000
16,686
9.33%
6,00,000
13.5%
81,000
16,686
9.33%
10,00,000
13.5%
1,35,000
25,029
9.33%
15,00,000
13.5%
2,02,500
62,573
9.33%
20,00,000
13.5%
2,70,000
83,430
9.33%


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Rajiv Gandhi Equity Savings Scheme: Investment of Rs.50,000 per Year, and for 3 consecutive years.

Rajiv Gandhi Equity Savings Scheme: Maximum investment of Rs.50,000 per financial year, and for 3 consecutive assessment years.
Rajiv Gandhi Equity Savings Scheme & Benefits..!

* Rajiv Gandhi Equity Savings Scheme (RGESS) is a equity tax advantage savings scheme for equity investors in India, with the stated objective of "encouraging the savings of the small investors in the domestic capital markets.".

It was approved by The Union Finance Minister, Mr.  P. Chidambaram on September 21, 2012. It is exclusively for the first time retail investors in securities market. This Scheme would give tax benefits to new investors who invest up to Rs. 50,000 and whose annual income is below Rs. 12 lakh. In 2013-14, the income ceiling of the beneficiaries was raised to Rs. 12 lakh from Rs. 10 lakh specified in 2012-13.


The Scheme not only encourages the flow of savings and improves the depth of domestic capital markets, but also aims to promote an 'equity culture' in India. This is also expected to widen the retail investor base in the Indian securities markets.

The investor would get 50% deduction of the amount invested during the year, upto a maximum investment of Rs.50,000 per financial year, from his/her taxable income for that year, for 3 consecutive assessment years.

It provides additional tax benefits over and above the present tax savings schemes under the Income Tax Act.

Gains, arising of investments in RGESS, can be realized after a year. This is in contrast to all other tax saving instruments.
Investments are allowed to be made in installments in the year in which the tax claims are filed.

The benefits can be availed for three consecutive years.

Dividend payments are tax free.

This scheme has a long run benefit of educating the retail investment segment and thereby moving towards financial inclusivity in the country.


Success of this scheme can lead to transfer of assets from traditional savings instruments such as bank deposits and FDs to the capital markets, leading to diversification in retail investor portfolio and also leading to more productive "capital formation" assets.
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SKF India introduces SIBCO brand of bearinghousingsand accessories

SKF India introduces SIBCO brand of bearing housings and accessories

SIBCO, an SKF group brand will deliver superior performance solutions for a wide range of industrial applications

SKF India today announced the introduction of SIBCO range of bearing housings and accessories. The product assortment under the SIBCO brand consists of housings, seals, sleeves,locating rings, lock nuts and lock washers.

The SIBCO range of solutions caters to the standard and customized performance requirements of the bearing housings and accessories market. The SIBCO brand of solutions will also be available through SKF’s wide network of channel partners consisting of more than125 Authorized Industrial Distributors (AID’s)and more than 2000 retail outlets across India.


Commenting on the occasion, Mr. Shishir Joshipura, Managing Director & Country Headsaid, “We are happy to introduce our domestically manufactured SIBCO range of bearing housings and accessories, which meet application specific performance requirements for different segments across industries. Indigenously designed and manufactured in Pune, the SIBCOrange of solutions helps increase reliability and reduces maintenance for our customers. Coupled with our SIBCO range of solutions and imported SKF housings, SKF is now a complete solution provider for the bearing housings and accessories market”

Bearing housings are critical to conveyor and rolling applications as it helps to support the bearing and transmit the loads, thereby protecting the bearing and lubricants from contamination. Bearing housings play a key role in maximizing the performance and service life of the incorporated bearing.


"SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2014 were SEK 70 975 million and the number of employees was 48 593.
       
SKF Group started trading operations in India in Kolkata in 1923 and since then the Group's operations have been consolidated into SKF India Limited. SKF in India has consolidated its operations in three different companies, namely SKF India Limited, SKF Technologies (India) Pvt. Ltd and Lincoln Helios India Ltd. The company has manufacturing plants in Pune, Bengaluru, Mysuru, Haridwar and Ahmedabad


 For further information, please contact:

Vijay Chaudhury, +91 20 66112250 ;vijay.chaudhury@skf.com
RiteshShete, +91 9561133724;ritesh@avian-media.com

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Commodity Market 2016 by Gnanasekar Thiagarajan, Commtrendz Research

by Mr. Gnanasekar Thiagarajan, Commtrendz Research

Commodity markets began the year on positive note on hopes that Federal Reserve will hold on to the easy money policy that they have been maintaining from 2008. 


But, as the year progressed, economic data and statements from the Federal Reserve started to become more hawkish and market participants seemed to ignore any economic data that suggested that rates could be on hold. 

To add to the uncertainty crude prices almost halved as the rout began in mid 2014. 

OPEC, was expected to cut output on the back of rising supplies and producing countries running huge deficits , but Saudi Arabia’s, the largest member of OPEC’s resolve to hold on despite pressure from other producing nations, kept pushing prices lower. 

To keep the shale oil producers in the U.S away from business, OPEC has been continuing to maintain status quo. Since, inflation was not near the central bank’s uncomfortable zone, the dove camp continued to hope for a postponement of rate hike in the current year. But, finally the much awaited rate hike took place in December, taking away some of the uncertainty that surrounded financial markets in 2015.

Base metals, copper, nickel, zinc, lead and Aluminium also took a sharp beating as the largest consumer, China’s growth and demand for commodities started lagging. Though China has taken enough measures so far by cutting interest rates and artificially depreciating the currency, and so on, but it has so far not had any desired effect. Commodity producers are reeling under pressure, as new projects have been put on hold. Cost cutting and production cuts have been put in place, but prices are still below cost of production and demand still looks benign.
Gnanasekar Thiagarajan,
Commtrendz Research


Bullion was affected largely due to the expectation of a rate hike, as the ETF’s saw large amount of outflows. The interest rate hike could dent gold’s appeal,  because unlike stocks and fixed income markets, where dividends and fixed interest is possible on investments, while gold does not provide any interest, but only a potential to appreciate. 

 With the dollar looking stronger by the day as a rate hike was getting more likely, gold lost almost 10 % in the year and is more vulnerable to falls going ahead too. Since, Silver had fallen sharply lower already in 2014, the fall was relatively less and cushioned in 2015, though it did fall overall with gold.

Looking ahead

If 2015 was the year in which the growing oversupply of key commodities led to a rout in prices, will 2016 lead to a consolidation and the start of recovery? Another group of increasingly nervous producers are those in the Organization of the Petroleum Exporting Countries (OPEC), as they also await the exit of higher-cost crude from the market. While top OPEC producer Saudi Arabia still has sufficient financial reserves to weather another year of low prices, the budgets of other countries, such as Venezuela and Angola, are starting to look increasingly vulnerable. 

It may take another year of producers grimly hanging on before they start to topple over, and if history is any guide, it always takes longer for the point of maximum pain to be reached than the market anticipates.

Many resource companies will be hoping for a slightly better demand profile in 2016, especially if China’s spending on infrastructure and housing construction does pick up in tandem with a slightly brighter economy in the rest of the world. But demand isn’t the main issue for commodities, and even the most optimistic scenarios for the global economy are unlikely to spur enough consumption to overcome excess supply.

If commodities are to stage any sort of recovery in 2016, it’s likely to take the form of a fairly brutal first half followed by a brighter second, but this scenario only holds if sufficient supply is forced from the market because of ongoing low prices.

Heading into 2016, commodity markets are expected to maintain their bearish trend, as the Federal Reserve has indicated that , it is anticipating four rate rises next year. The markets are however expecting  something different and  the Fed funds futures currently suggests there’ll be just two rises, in June and December.   

The first quarter of 2016 may be slightly beneficial for commodities, as the Federal Reserve observes the effects of the rate hike on the U.S economy  and is not expected hike rates during that period.

Bullion, gold and Silver could see some respite from a weakening dollar and we can anticipate a revival in early 2016, but the fate of both gold and Silver and particularly gold in 2016, hinges on the pace of rate hikes.  

But,  history suggests otherwise. Gold’s mighty secular bull of the 1970s, which greatly dwarfed the 2000s one, happened during a time of high and rising interest rates!  And then gold’s subsequent multi-decade secular bear in the 1980s and 1990s unfolded during a long span of interest rates relentlessly falling on balance. 

Gold rallied with rising rates and slumped with falling rates in the past, so the theory that rising rate are not good for gold could come in for scrutiny.

And the big wildcard for gold comes from investment demand, which can fluctuate massively. If equity markets were to fall owing to higher interest rates, that could lead into safe-haven buying.  Rising and higher interest rates are actually bullish for gold for one simple reason.  

And that is they are actually very bearish for stocks and bonds.  Gold is an alternative asset that shines the brightest when the conventional asset classes are suffering.  And nothing pummels stock and bond markets like rising interest rates.  That is the sole reason the Fed took seven years of waiting to increase interest rates.  

So, we expect gold to either bottom out at present levels or slightly lower from here close to $975-1000( MCX 24,000) and then start moving higher to $1200( MCX : 28,000) or even higher later towards $1375. Silver has limited downside from present levels and think any fall from here could be a potential opportunity for investment with targets near $15( MCX: 36,000) or even higher to $19-20( MCX : 40,000- 42,000) later on. 

The funds have been net long for a goodish period of time and their patience could get worn out if price break crucial supports near $12. While this support holds, we are hopeful of a good recovery in going into 2016.

We expect crude oil prices also to bottom out soon as negative fundamentals have more or less been priced in. 

Revival in global demand and new capacities additions being put on hold, could be future positive for crude. 

Anything below $30/bbl looks unsustainable, as crude produced below cost of production, could lead to production cuts even if OPEC does not endorse it. We see prices moving in a range of $28-30 (MCX: 2,150) to $48 (MCX: 2700-800) initially and then towards $60(MCX: 3,200) later.

Base metals are our favoured commodities for the coming year. Production cuts have already cut huge surplus the metals have been adding. 

Further, actions by Chinese authorities to stabilize and put the economy on tract could further boost metal prices in 2016. 

We expect an upside of 20-25 % at least and the possibility of downside being limited to 5%  from present levels.

Agriculture

The year ahead will present both opportunities and challenges for primary producers, processors, traders and retailers in the food and agri sectors.

With one of the most intense El Nino events on record, dry conditions are expected to linger into 2016. The food and agribusiness sector must prepare to weather the ‘new normal’ as volatility from the El Nino weather pattern and China’s economic slowdown may constrain production of several agri commodities and drive up prices.

Chinese import demand also continues to be a crucial factor with uncertainty arising from the weak Chinese economy. The moderation in China’s economic growth rate to an estimated 6% and potential further devaluations of the currency may weigh on the minds of Chinese buyers. 

Despite this, recovery in several Chinese food and agri sectors and local consumption growth means long-term demand for agri commodities remains healthy.


DISCLAIMER : Views expressed above are the author's own. 

Src: ET 

About Mr. Gnanasekar Thiagarajan

Director at Commtrendz Research and a consultant to MCX & MCX-SX and many more corporations both in Indian and overseas.

More than 20 years of experience in commodity and forex trading. Formerly a forex dealer with Bank of Nova Scotia.

Web Site: Commtrendz.com
gnanasekar.t@gmail.com

Commtrendz Risk Management Services Pvt Ltd
202 Crystal Towers,
Opp Natraj Studios,
Gundavali,
Off Andheri-Kurla Road,
Andheri (E),
Mumbai 400 069.
Phone: +91 – 22 – 6584 7471 / 2682 3028
Fax: + 91 – 22 – 2683 1494
Enquiries: info@commtrendz.com 
Careers: careers@commtrendz.com

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Plot 1,200 sq. ft - Rs. 4.5 lakh at MAPPEDU

Plot 1,200 sq. ft - Rs. 4.5 lakh at MAPPEDU

STANIS AVENUE– MAPPEDU

Rs. 375 to 450 per sq. ft; 1,200 sq. ft available from Rs. 4,50,000 onwards.

·        Mappedu house site project Is at a distance of 33Km from Koyambedu bus terminus.

·        Chennai metropolitan transport facilities to Chennai Koyambedu, Vadapalani, T nagar, Broadway, Poonamallee & Tiruvallur. 
Buses Ply from Mappedu To Arakkonam, Kancheepuram, Sunguvarchatram.
·        10 Minutes drive From Sriperambhudhur (Bangalore NH4 Road).
·        Ground Water at a depth of 20 feet.
·        Mappedu township with all facilities are existing close to the  sites.
·        Temples close to the projects (Choliswarar Kaasi Viswanathar Temple, Ragavendra Temple, Naagathamman Temple, Pachaiamman Temple – All Are Historical Important Religious Places).

·        Upcoming projects close to the Mappedu site projects.

1.   Green field Airport at a distance Of 3 Km. The work is expected to be started shortly.

2.   Dry port (Dry dock). The work is expected to be accomplished by 2015 at a cost of Rs.315 crore in  125 acres of land.

3.   ITC Group of star hotels.

4.   Sipcott Industries.

Free of cost facilities – Free Registration for all bookings, 100 bags of cement, 5,000 Bricksto the first 50 house

CONTACT --VISWANATHAN -

CELL :  84288 80039


kathirrindia@gmail.com
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