English En Français My Account By AllAfrica News Sources Media Kit Who We Are Donate Countries All Countries AlgeriaAngolaBeninBotswanaBurkina FasoBurundiCameroonCape VerdeCentral African RepublicChadComorosCongo-BrazzavilleCongo-KinshasaCote d'IvoireDjiboutiEgyptEquatorial GuineaEritreaEthiopiaGabonGambiaGhanaGuineaGuinea BissauKenyaLesothoLiberiaLibyaMadagascarMalawiMaliMauritaniaMauritiusMoroccoMozambiqueNamibiaNigerNigeriaRwandaSenegalSeychellesSierra LeoneSomaliaSouth AfricaSouth SudanSudanSwazilandSão Tomé and PríncipeTanzaniaTogoTunisiaUgandaWestern SaharaZambiaZimbabwe Africa-WideCentral Africa Central Africa HomeAngolaBurundiCameroonCentral African RepublicChadCongo-BrazzavilleCongo-KinshasaEquatorial GuineaGabonRwandaSão Tomé and Príncipe East Africa East … [Read more...] about South Africa: Take More Savings Offshore, Money Managers Urge SA Investors
Savings vs money market account
Can RBI’s board opine on monetary/exchange rate/supervision policy? Yes, it can, although it seldom does. Section 7(2) vests the RBI board full powers to do “all acts and things” subject to government directions under Section 7(1) in the public interest, after consultation with the Governor. Section 7(3) also empowers the Governor and deputy governors similar powers subject to RBI board regulations. Sections 11(1) and 30 further establish the primacy of the RBI board. Section 11(1) empowers the government to dismiss any individual member—including the Governor. In case of dismissal of the whole board, Section 30 requires the government to entrust the “superintendentence” of RBI to a designated agency and explain it to Parliament within 3 months. This begs the question: Does the RBI board have the necessary technical expertise to comment on policy issues? Should RBI step up liquidity injection? Yes, there have been arguments for large-scale RBI OMOs … [Read more...] about RBI vs Government: Central bank’s reserves are excessive, let a panel examine this
Bev O'Shea NerdWallet.com Published 7:00 AM EDT Oct 27, 2018 A new FICO credit score, launching in 2019, could be good news for consumers who don’t quite have the credit scores they need to qualify for a financial product or for the terms they were hoping for. The UltraFICO score is an opt-in credit model that uses information from your checking, savings or money market accounts to supplement data already in your credit report. The information being considered includes how much you have in savings, how long the accounts have been open and how active they are. It’s meant to boost your existing FICO score, which ranges from 300 to 850. If you are already in the excellent credit range, and don’t need additional points for approval, or to qualify for the best terms, it won’t be offered to you. But this supplemental information can be especially helpful for consumers with scores in the upper 500s to lower 600s, considered bad to fair credit. More: New FICO … [Read more...] about Who will UltraFICO score help and what is difference from FICO score?
Foreign institutional investors (FIIs) have given Indian capital markets a big thumbs-down this year, withdrawing Rs 90,746 crore so far, the highest ever. Interest rate hike by Federal Reserve and a falling rupee led the FIIs out of the Indian market. With two and a half months still remaining in the current calendar year, the net FII withdrawals could well cross the psychological mark of Rs 1 lakh crore. FIIs have been on the withdrawing spree on the back of US providing more attractive options for investing. "FIIs pulled out funds from Indian markets mainly on account of sharp depreciation in Indian rupee, present rate hike as well as in expectation of future rate hikes by Federal Reserve, tight liquidity condition in money market and IL&FS event triggered pulling out of funds by FIIs in Indian markets," Astha Jain, senior research analyst at Hem Securities said. What has saved the markets from a potential mayhem is the Rs 97,739.02-crore investment by domestic institutional … [Read more...] about Foreign investors make historic run from India! Over Rs 90,000 crore withdrawn from markets in 2018
If you have an enormous amount of money lying idle, then don’t let it sit idle in your saving accounts. Invest in liquid funds. Liquid funds invest in highly liquid money market instruments and debt securities of very short tenure. This short tenure makes liquid funds highly liquid. The instruments are mainly Treasury bills, commercial paper and certificate of deposits with tenure of 91 days. As per past records, they have generated decent returns with the bonus of being liquid assets. A good liquid fund is cherry picked by your fund manager with qualities like good credit rating and very low possibility of default. Low expense ratio and disciplined approach to investing are some of the additional qualities of an ideal liquid fund. The redemption request of this fund is generally processed within one working (T+1) day. But, most conservative customers prefer to keep their surplus money in savings bank accounts. The liquidity in bank deposits is more than the liquid funds but, the … [Read more...] about Liquid Funds Vs Bank Deposits: Know which one to choose and why