Can NRI invest in PPF?

According to a recent notification by the Government of India, NRIs will not be able to open new Public Provident Fund (PPF) and National Savings Scheme (NSC) accounts. The existing accounts held by Non-Resident Indians (NRI) stand closed. The closure will come with effect from the day their status changes to Non-Resident. It implies that …

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2018 Outlook — The Year ahead for You

The Markets are never devoid of action. The New Year has been no different so far. While the Indian market grapples with the news coming in from Global Markets and the Finance Budget, let’s quickly take a look at what has happened so far and what lies ahead for investors. Equity Markets Outlook Equity Markets …

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The Urjit Patel Googly

RBI kept key policy rates unchanged at the 7th December policy meeting. The Repo rate remains at 6.25% and the Reverse Repo Rate remains at 5.75%. This was despite a consensus view from almost all market participants who were expecting a rate cut of at least 25 basis points in the key policy rates. RBI …

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De-monetization: Impact and opportunity

  I am sure all of us would have debated demonetization and the government’s decision to ban Rs. 500, and Rs. 1000 notes enough by now. While the whole economy gets impacted in several ways because of this action, let’s examine the main expected events and what can be done by us to derive maximum …

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