INTRODUCTION Remittances constitute a major chunk of the economy of a developing country. However, due to the additional charges associated with the transfers of money and the various amounts of risk associated with different ways to send money abroad, the industry is in need of a facelift. Owing to this rising need of changes in the traditional methods, several new developments for money remittance are being adopted by the Governments as well as the transfer companies to provide the migrant workers with the best way to send money abroad. RECENT TRENDS IN THE REMITTANCE INDUSTRY Out of the many developments … Continue reading Latest Developments In The Money Remittance Industry

There has been a huge buzz going around with the concept of “Direct Plan of Mutual Fund”. Several investors are still not aware of about the full effect of this scheme of mutual fund and whether they should be investing in this or not. Let us unravel the same in this particular article. Direct Plan of Mutual Funds: What it Implies? Just a few years back, SEBI had claimed that all of the AMC’s should be coming out with 2 options for every mutual scheme they possess. One should be the normal one. The second option would be the Direct … Continue reading Direct Plan of Mutual Fund: Should you Invest in it or not?

If you have the type of job that requires you to travel than you might want to follow a routine in order to save yourself time and money. According to an article on Financial Times seven tips were presented to get the most out of your business travel. Those seven tips are: make a packing list, have a paper boarding pass, try to get on plane first so that you have the space you need for your luggage, put the hotel duvet (top blanket) in the closet, opt for using public transportation, leave your workout clothes at home, and don’t … Continue reading Saving Money When Traveling for Business