Invest in the best stock opportunities right now and every-time.
Start Systematic Stock Investing ...in less than a minute.
Worth Seeing!
Transform your wealth with Omega. Exclusive consultation awaits.Schedule Meeting!
Schedule Meeting!
In a move to protect domestic exporters from the uncertainties of the global economy, the Reserve Bank of India (RBI) has extended the flexibility to exporters to repatriate their remittances upto one year. Earlier in June 2008, the RBI had liberalized the norms for repatriation of payments to be received by exporters of goods and services. For such payments, the RBI extended the period from six months to a year from the date of export.
The relaxed norms will be continuing till September 30, 2012. In a statement, RBI said it has been decided to further extend by one year from October 1, 2011 till September 30, 2012, the relaxation with respect to the period of realization and repatriation to India, of the amount representing the full value of goods or software exported, from six months to 12 months from the date of export.
The exporters have welcomed the move, as they expect that it would help them in marketing their products and services, as the longer credit period will attract more buyers in overseas market.
As the economies in west, which are major markets for Indian exports are going through difficult times. Due to slowdown in United States and European nations, the buyers from these countries are playing safe. Exporters are of the view that the RBI’s decision of extending the relaxations will help in order to attract them.
Further, the provisions in regard to period of realization and repatriation to India of the full export value of goods or software exported by a unit situated in a Special Economic Zone (SEZ) as well as exports made to warehouses established outside India remain unchanged, RBI said in a notification.
Country’s merchandise exports totaled around $246 billion and 11 services, inducing mainly if Information technology and IT-enable job exports were aggregated $131 billion in last financial year.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
