Fixed income ubs

The Modi government has handled inflation far better than any government in the past two decades. Both the stock market and currency indices have begun to show confidence in the economy, despite the mounting global headwinds of trade. Illustration: Uttam Ghosh/Rediff.com The assessment of Narendra Modi’s five- year term has got entangled with the “cooling off in major economies” as rating agency S&P puts it, that has happened in the final year of this government. The Modi government has scored an average 7.5 per cent growth of GDP annually during its term (see chart). Even though there are controversies about the exact numbers, most economists are agreed that the trend is upwards. This point was taken up by some of the economists the NITI Aayog invited for a meeting in New Delhi recently who said they wanted the government to do more to make the economy grow at its full potential. The meeting was meant to chalk out a growth strategy for the new government that … [Read more...] about Modi – I has actually left the economy in good shape

The multi-millionaire convicted paedophile was worth $US577,672,654 ($A853,280,277) or about $US18 million ($A26.5 million) more than he previously stated in court papers when futilely trying to land bail on federal sex trafficking charges, the new documents show. RELATED: Salacious new Prince Andrew claimsEpstein autopsy sees mystery deepen Epstein was regularly described as a “billionaire”, although the documents suggest he may have been worth less than previously believed. Jeffrey Epstein signed a will two days before his death in a Manhattan jail cell. Picture: New York State Sex Offender Registry via APSource:AP The former hedge fund manager put all of his holdings in a trust, called The 1953 Trust in court papers after the year he was born. The 21-page filing includes a copy of Epstein’s death certificate from August 15, five days after his suicide — and lists “Immediate Cause: Pending Further Study”. The city Medical Examiner’s … [Read more...] about Paedophile Jeffrey Epstein signed will two days before suicide

In colloquial Tamil, the term vengayam (onion) is often used as a measure of derision, to indicate that something is inconsequential. If the situation of the last couple of months continues, that connotation will have to be revisited. With prices of onions soaring, the public discourse has come came to be dominated by the vegetable.Unseasonal rains in Maharashtra, north India and Karnataka, from where Tamil Nadu usually gets its onions, have caused crop failure. K.M. Shivakumar, professor, Domestic and Export Market Intelligence Cell of the Tamil Nadu Agricultural University (TNAU), said that the extended monsoon season this year had affected production, and poor logistics in moving buffer produce for consumption had aggravated the crisis.According to a study by CARE Ratings — Onion Economics — price increases have not always been in alignment with production. There are three seasons for harvesting onions that affect monthly inflation rates. The first season is … [Read more...] about Peeling the layers off price-rise

It's your legal and moral obligation to repay your debts including home loans but what are your options if you find yourself in a tight spot, unable to repay your dues? What happens if you default on paying your home loan EMI? If a bank or a housing finance company (HFC) has financed your property purchase, it has the means to recover its dues one way or the other if the loan is not paid by you. A home loan is a securitised loan, i.e., the lender owns your property until you have repaid the entire loan amount. Adhil Shetty, CEO, BankBazaar.com said, "If you miss your EMIs for three consecutive months, the lender is within its rights to first send you reminders for payments. If you are still unable to repay your dues, the lender reserves the right to initiate the process of auctioning off your property to recover its dues as allowed by the legal framework of the SARFAESI Act of 2002." Meanwhile, missing your EMIs and becoming a defaulter would also mean that your credit score will … [Read more...] about Unable to pay home loan EMIs? Here is what you can do

For her daily evening puja, Ghaziabad resident Reena Peshawar plays an online aarti. But now she’s debating whether she should cut back on some of that devotion or the makeup videos she watches since her monthly mobile prepaid plan has jumped from Rs 169 to Rs 249. “I just bought a new cellphone with my Diwali bonus and already I have to cut back,” says the 22-year-old domestic worker who earns Rs 6,000 a month. With Airtel, Vodafone and Jio increasing tariffs for prepaid plans, the urban poor, who get their fix of what digital anthropologist Payal Kapoor calls ABCD: Astrology, Bollywood, Cricket and Devotion, from their smartphones, are feeling the pinch. And the numbers of those affected aren’t small since prepaid accounts for 95% of Indian subscribers. Kiran Adhar, an East Delhi housewife, loves uploading videos of her toddler and lip-syncing to Bollywood songs. But the recent hike has dampened her enthusiasm. Adhar used to get her phone recharged for Rs 500 … [Read more...] about No more mobile pujas & cricket: Data price pinches poor as much as onions