Archive for February 4th, 2010

Investment Opportunities for Non Resident Indians (NRIs)

Hello Friends here we bring you guys a write up on “Online Non Resident Indian (NRI) Trading” and info on “SMC’s state-of-the-art Online Trading facility“.

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Investment Opportunities for Non Resident Indians

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With Indian economy, witnessing a phenomenal growth since the last decade and after being touted as a success story even after downturn of last year, more and more of NRI corporates and Investors, beside multinationals, are lining up to enter the Indian share market.

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But it becomes very important for NRIs to select investment avenues with due diligence as situation is turning better but still somewhere delicacy remains.

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The challenge for NRIs here is to recognize best-in-class investment products and facilitators to help their investment needs in India.

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Most of the reputable and registered brokers in India offer Online Trading facility in various financial products for NRIs.

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One of the India’s largest and experienced provider of online trading services,

SMC Group is also now providing an online trading platform for NRI’s (based

all across the globe) in various products for eg; Equities, derivatives, apply

online for IPOs and invest online in Mutual Funds.

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SMC Online, no doubt, is having a range of online investment products.

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With a SMC’s state-of-the-art Online Trading facility, buying and selling of shares is now just a click away.

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With this SMC’s state-of-the-art Online Trading facility platform, NRI’s all over

the world can receive benefits in as below:

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🙂

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1. Online trading account in NSE & BSE

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2.  Online trading account in Equity, Futures & Options through NRO account

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3.  Online IPO & Mutual Fund Investments facility through NRO account

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4.  Online trading account in DGCX

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5.  Online Back-office support

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6.  Research reports on email

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7.  Investment in Insurance

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Through this SMC’s NRI Online trading platform, non resident Indians living around the world, can enjoy a hassle free investing process in India.

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Moreover, SMC’s state-of-the-art Online Trading facility is fast, safe and secure.

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Whether, one is an experienced securities trader or new to securities trading, he/she will be happy to have a long term investment association with SMC.

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🙂

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Next Blog we would try to read about the SMC categorized Online trading services on the basis of its customer’s investment needs.

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Stay Tuned for more on this 🙂

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To know more about the state-of-the-art Online Trading facility, click here.

Indian Economy Set to Become World 3rd Largest in PPP Category

Indian Economy Set to Become World 3rd Largest in PPP Category

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According to a latest report by consultancy firm PricewaterhouseCoopers (PwC), India could move into third place in the individual country GDP ranking in the purchasing power parity (PPP) category ahead of  Japan in 2012.

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This report projections stand against the Goldman Sach’s projection of 2032 in its BRIC’s (Brazil, Russia, India, China) report.

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China, which was projected by BRIC’s report to overtake the US as largest economy by 2041, looks set to achieve this by sometime around 2020, the PwC report said.

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“It seems highly likely that by 2030, China will clearly be the largest economy in the world on this measure (PPP), ending over a century of US economic hegemony,” top official of PwC, said in the report.

It said the credit crisis has accelerated the pace at which the emerging economies will overtake the developed ones.

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The report also projected that India is likely to grow faster than China after 2020.

“This is because of India having a significantly younger and faster growing population than China, and also due to it having more catch-up potential as it started from a lower level of economic development than China,” it said.

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However, the report cautioned that India will only realize this if it continues to pursue growth-friendly economic policies of the last two decades.

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As per the report by 2020, it is projected that seven largest emerging economies, E7 (China, India, Brazil, Russia, Mexico, Indonesia and Turkey) would be overtaking the G7 (US, Japan, Germany, UK, France, Italy and Canada) economies.

This will lead to a tectonic shift in the global economic power.

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🙂

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Rising Food Prices Burden the Poor

Hello Friends here we come up with the Latest Agri Commodities updates from various parts of the country.

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Rising Food Prices Burden the Poor

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Rising prices burden the poor:

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Rising prices of essential commodities coupled with wage deflation and increasing joblessness are pushing the poor households in India to a point of distress.

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Cosmetic measures of the government are unable to address the situation.

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The government of the day is harping upon the idea that an annual GDP growth rate in the range of 7% to 9% would be able to address the situation.

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The country has already experienced a GDP growth rate of 7.9% in the second quarter of the current fiscal 2009-10, but the situation has not improved.

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This is enough to prove that the GDP growth rate alone would not solve the problem.

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Government’s heavy dose of fiscal stimulus can give a big push to the corporate performance and post a good industrial growth which has already been possible in the second quarter of the current fiscal year.

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In Other major Commodities Updates we have information regarding dip in sugar output and regarding centre’s direction to state govts to rationalise taxes on food items in order to check price rise.

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Sugar Output dips 2 lakh tonne:

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India produced 7.84 million tonne (78.4 lakh tonne) sugar till January 15 in the current season (October-September), lower by 2 lakh tonne compared to the output in the same period last year, industry body Indian Sugar Mills Association (ISMA) said.

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ISMA attributed the fall in output to sluggish supply of the cane in Uttar Pradesh, the second largest sugar producing state.

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Centre to ask state govts to rationalise taxes on food items to check price rise:

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The central government is expected to strongly emphasize on states the need to rationalize their tax structure on food grains and sugar to bring down price of essential commodities at the forthcoming meeting of state chief ministers later this week.

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Prime Minister Manmohan Singh will hold the review meeting on food prices with state chief ministers.

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According to official sources, agriculture minister Sharad Pawar is also expected to list the steps taken by the central government including :

extension of deadline for white and raw sugar, extra allocations of wheat and rice over normal PDS supplies—announced after the meeting of cabinet committee on prices last month.

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🙂

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