Below is the edited transcript of Rakesh Jhunjhunwala’s exclusive interview on CNBC-TV18. Also watch the video.
Click here to read the full article
Click here to watch video
Source: Moneycontrol.com

A man who came in ‘fairly late’ into investing, he is bullish on India and especially bullish on consumption. In a conversation with DNA, Ramesh Damani shared his thoughts on reading, investment and doing something new every year.

Excerpts:

Click here to read the full article
Source: DNA Money

The power packed conference at the Institute of International Finance Summit had Reliance Chairman Mukesh Ambani and Citigroup CEO Vikram Pandit in conversation with KV Kamath, the Non-Executive Chairman of ICICI Bank, playing the moderator. Both Mukesh Ambani and Vikram Pandit spoke on what they think of the India story, and the global economy.

India can be a $5 trillion economy by 2025: Mukesh Ambani
Click here to read the full article
Source: Moneycontrol.com

Investment in Public Provident Fund (PPF) with discipline and systematic approach can build sizable retirement corpus. Many of you would know some of the amazing facts and features of PPF, but there are lesser known facts and features, which the author Sandeep Shanbag has explained with greater details in an article in DNA Money. Go through the salient features of PPF and download the PPF excel sheet, which will tell you how much your corpus would be at the end of 15 years, 20 years or 25 years.

Albert Einstein is quoted as saying, “The most powerful force in the universe is compound interest.” The key to build a large corpus is to start investing early in your life to take the maximum benefit of compounded interest. One of my favourite quote, ‘The best time to plant a tree is twenty years ago. The second best time is now’ will tell you that even if you have not started saving yet, or were not able to do it, it’s never too late. Start investing now and you can still see the power of compounding 15 years from now.

Some of the salient features of PPF are:

- 100% secured investment, offered by Government of India
- Tax deduction under section 80C
- 8% per annum tax free return
- Withdrawal up to 50% of your balance before the 4 years of the year of withdrawal
- After the end of 15 year period (actually 16 years), the PPF account can be extended for another block of 5 years, indefinitely.
- In an event of bankruptcy, no one can touch your PPF balance, not even Government of India

Download PPF Calculator which shows the corpus at the end of 15 years, 20 years and 25 years for the yearly investment amount of Rs.12,000, Rs.24,000 and Rs.70,000.

Click here to download PPF Calculator (Excel Sheet)

Don’t ignore the old warhorse – PPF
Click here for the full article.
Source: DNA Money

PPF account opened when one was a resident can be operated after becoming an NRI
Click here for the full article.
Source: The Financial Express

PPF investment benefits unavailable to HUF
Click here for the full article.
Source: The Financial Express

Personal Finance: Shanbhag Wonderland: Provident Planning
Click here for the full article.
Source: Business Today

Outlookmoney: Small Savings – Public Provident Fund – PPF
Click here for the full article.
Source: Outlook Money

THE PUBLIC PROVIDENT FUND SCHEME, 1968
[Issued vide Government of India, MOF (DEA) Notification No. GSR 1136 dated
15.6.1968 and further amended from time to time]
Click here for the full details.
Source: India Post

This is the update of the old post published in 2009 with improvement in PPF calculator Excel sheet for the benefits of the readers.

Based on the request from many readers as well as users of MProfit, we have created a simple and easy to use excel sheet for the traders in commodities. This sheet helps traders to calculate profit/loss of their commodities trading activity. It also helps them to create accounting entries (JVs) for their accounting purpose. Traders need not enter the full contract values in accounting JVs. They just need the details of the profit/loss for squared-off contracts.

In MProfit (www.mprofit.in), we currently do not have module for managing commodities trading, so we thought that this excel sheet for profit/loss as well as accounting JVs of commodities trading activity will be useful for the commodities traders. Let us know your views about this excel sheet.

Click here to download the excel sheet for Commodities Profit/Loss and Accounting JVs.

This is Samavat 2067. Udayan Mukherjee, Managing Editor of CNBC-TV18 caught lucky mascot of the Indian bull markets Rakesh Jhunjhunwala reminiscing about the past year. Jhunjhunwala also shared his thoughts on what he expects the next year to be like.

Refrain from trading, invest in MFs instead: Jhunjhunwala
Click here to read the full article
Click here to watch video
Source: Moneycontrol.com

CNBC-TV18’s managing editor Udayan Mukherjee sat down with market bigwigs, Manish Chokhani, director of Enam Securities, Ramesh Damani, member of BSE, Madhu Kela, chief investment strategist at Reliance Mutual Fund and N Jayakumar, president of Prime Securities to gauge the road ahead for the markets.

Samvat 2067: Experts see at least 20% upside over 1 year
Click here to read the full article
Click here to watch video
Source: Moneycontrol.com

Interview of Mark Mobius with CNBC-TV18’s Udayan Mukherjee

Deep correction quite possible before year-end: Mark Mobius
Here is a verbatim transcript of the exclusive interview with Mark Mobius on CNBC-TV18. Also watch the accompanying videos.
Source: Moneycontrol.com
Click here to read the full article.
Click here to watch video.

See mkts trading in a 15% range this year: Blackstone Group
Interview with Punita Kumar Sinha, Senior Managing Director, The Blackstone Group on CNBC-TV18. Also watch the accompanying video.

Mkts have lost credibility, signalling power: Samir Arora
Interview with Samir Arora of Helios Capital on CNBC-TV18. Also watch the accompanying video.

Mkts poised to rebound from recent sell off: Geosphere Cap
Interview with Arvind Sanger of Geosphere Capital on CNBC-TV18. Also watch the accompanying video.

Sensex may touch 20K on strong macros: JM Financials
Interview with Ashith Kampani, Managing Director, (Investment Banking) of JM Financial on CNBC-TV18. Also watch the accompanying video.

New Income Tax Return Form SARAL II (ITR 1 ) for Assessment Year
2010-11 for Individuals having income from:

• Salary/Pension
• Income from One House Property (Excluding loss brought forward from previous years)
• Income from Other Sources (Excluding winning from Lottery and Income from Race Horses)

Click Here to Download SARAL-II (ITR-1)