Gross Domestic Product (GDP) is an indicator to measure the economic production and growth of a country. The term “Domestic” used in Gross Domestic Product indicates that it measures production that takes place within the country’s border. It's a tool to measure a country’s size of the economy. Economists suggest GDP as the best measure to understand a country’s … [Read more...] about GDP: How Gross Domestic Product is measured
Finance
Why trademark registration is so important for your business
Imagine for a moment that you have developed a new design and worked for years to make that design a popular brand and then someone has copied or steals your ideas to make it his own design. Protecting your design or business name through trademark registration should be the first step and is the best way to get legal shell to your brand. By having a patent of your … [Read more...] about Why trademark registration is so important for your business
What is Term Deposit – How it works in India
Banks and post offices are offering different investment scheme for an individual to invest their ideal money to get higher return for future. In out previous articles we have discussed about Public Provident Fund, Fixed deposit and Insurance schemes. Today in this article we will know what is term deposit and how it can be a great investment opportunity for … [Read more...] about What is Term Deposit – How it works in India
5 things to remember while choosing your health insurance plan
Medical emergencies like diseases, sickness and accidents may result in prolonged hospitalization. This may increase your medical treatment expenses beyond your budget limit. Due to rising medical cost, health insurance has become an indispensable tool in today’s world. To avoid financial crisis in future, you can avail a health insurance policy for taking care of your … [Read more...] about 5 things to remember while choosing your health insurance plan
Top-down and Bottom-up approach of investing in share market
Investors in share market choose different approaches for their investment. These approaches are defined based on the choices that they make while picking up stocks. Some investors base their stock picking decisions on the basis of company’s performance and how well they can perform in future. Some others use to look at bigger economic performance and then based on that look … [Read more...] about Top-down and Bottom-up approach of investing in share market
What to do with your inactive EPF account
After changing job from one employer to other, employees are required to initiate their EPF balance transfer to new account. Due to some reason these people do not initiate or initiation may be stopped in between for some reason without transferring the balance in employee provident fund account. If your EPF account is inactive for 36 months then such account will not be … [Read more...] about What to do with your inactive EPF account
How to choose an investment option for your future
You can start investing to secure your financial future. This can be done by formulating your own plan of investment and familiarizing yourself with the options available. Today, through this article we will show you how one can choose the best investment option for his or her future. In the initial step of investing you should know your financial goals first. If you have … [Read more...] about How to choose an investment option for your future
How to set financial goals for your future
Goals are incredibly important. To achieve financial success you need to set your own financial goals first and then take time to work towards them. The most important step towards achieving financial goal is to translate financial needs into your own term. Unless we commit ourselves and preserve to achieve our financial goals, they don’t occur in reality. To set goals … [Read more...] about How to set financial goals for your future
5 factors to consider while choosing life insurance policy
Accident and illness happens in life. Having insurance policy for your life and health is one of the best ways to make sure that you and your family members are secured for future financial risk. If you want to build a financial portfolio for secured future then insurance policy is a must to include in it. However, the key issue is getting the right insurance policy based on … [Read more...] about 5 factors to consider while choosing life insurance policy
What is electronic fund transfer in India
Electronic fund transfer means you are transferring money from your bank account to someone else bank account electronically. Earlier we use to visit a branch for sending money, depositing cash or cheques. Now those days are gone. Today, we are talking about NEFT, RTGS and IMPS which enable us to exchange funds between friends, family members over internet. Let us understand … [Read more...] about What is electronic fund transfer in India