Burgeon Wealth Advisors

11/10/2013

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11/10/2013

Fan of the week is... Soniya Singh!

07/10/2013

POWER OF COMPOUNDING

Invested amount per month Time duration Expected rate of return per annum Amount after respective duration
1000/- 30 years 11% 25.28 L
1000/- 20 years 11% 8.15 L
1000/- 10 years 11% 2.12 L
If you invest 1000/-per month for next 30 years with an average 11% rate of return ,after 30 years you will get 25.28 L.
If you invest 1000/-per month for next 20 years with an average 11% rate of return ,after 20 years you will get 8.15 L.
If you invest 1000/-per month for next 10 years with an average 11% rate of return ,after 10 years you will get 2.12 L.

04/10/2013

Fan of the week is... Gagan Maurya!

01/10/2013

(Now Current account deficit is expected to be 2.6% of GDP from previous expectation of around 4.8% of GDP)

India’s economy was deteriorating in last couple of months mainly because of huge depreciation in Indian rupee. That portended trouble in meeting Current Account Deficit (CAD) target of 4.8% of GDP. In June quarter CAD was 4.9% of GDP (USD 21.8 Billion) from 3.6% of GDP (USD 18.1 Billion) in March quarter.

On the basis of economic conditions in last 7 months, government was expecting CAD deficit of USD 70 Billion for fiscal year 2014 but due to stable growth of core sectors and appreciation in INR, some projections are now optimistic about CAD coming down from USD 70 Billion to USD 48.2 Billion (2.6% of GDP) on the basis of full year latest trends.

Reference: - Economic Times, Money Control/CNBC TV 18

27/09/2013

Financial Planning Wealth Advisory in India

27/09/2013

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27/09/2013

Fan of the week is... Pravesh Maurya!

26/09/2013

Read Latest Industry Article on Aviva plans to retreat from Indian life insurance market

25/09/2013

Cabinet Committee approved Transparent way for coal blocks auction

This approval will ensure greater transparency in coal allotment.
CAG reported a loss of 1.86 trillion in 2012 in notional value by following a discretionary allotment process rather than auctioning them. After this controversy Cabinet Committee on Economic Affairs (CCEA) gave good news to industrialists on Tuesday by approving allotment methodology of production linked payment on rupee per tonne basis plus upfront payment of 10% of intrinsic value (present value).

Coal blocks will be put for auction after the environment ministry reviews them and bidders have to agree to a minimum work programmed. CCEA had planned to auction 54 coal blocks with total estimated reserves of about 18 billion tonnes.