Let’s assume you suddenly have a guest at home and you are running short of milk to prepare tea. In such a scenario you will have no option but to borrow some from your neighbors, which you can replace later. Likewise, external means non-Indian / foreign source, commercial would mean engaged in commerce and borrowing...
Most of us work for a living. But what do we do to the income that we earn? Many of us simply keep the money in the form of cash. Did you know that just by keeping money as cash at home we are not helping our economy? Sounds confusing? Let us say there is...
We have often heard our parents or grandparents saying that they used to manage the entire house for one hundred rupees a month in “those days.” We usually smirk and say “Gone are those days. Today we cannot even have one full meal in one hundred rupees.” Blame it on inflation. Inflation erodes the purchasing...
These days, the world over, governments are borrowing more and more money from the market. You may have wondered how governments always manage to create a mountain of debt for themselves. But ever wondered how governments ultimately repay their debts? There are several ways by which a government actually repays its debts. Well, borrowing money...
UDGAM – Unclaimed Deposits Gateway to Access Information This portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks in one place. The establishment of the web portal would make it easier for consumers to locate...
Understanding the Relationship between Devaluation, Beggar Thy Neighbor and Currency War. Let’s say an American wants to buy Indian products. Indian products can only be bought by paying in Indian rupees. This means that the American cannot buy the Indian product unless and until he buys Indian rupees. Therefore, if the Indian government reduces the...
Let me tell you a story of 2 brothers Karan and Arjun both of whom were educated and did well in their jobs respectively. However, two years back Karan lost his job. Suddenly, his world changed. He had to start making compromises in his day-to-day life. He was also considering discontinuing the education of his...
The RBI has defined Capital Account Convertibility (CAC) as the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange without any sort of intermediation and regulation. So, what is its use? It is intended for local merchants to easily conduct trans-national business freely without any...
The government of India has launched a new app known as Mera Bin Mera Adhikaar, an app which can be used on both Android as well as iOS-based devices. This scheme is to get towards creating awareness about the importance of receiving invoices for B to C transactions Fostering a more transparent economy. Under this...
Suraj and Vipin travel together to work by train every day. As a usual morning practice, Vipin was reading a business paper when he came across the term ‘Current Account Deficit’. He wondered what it meant and asked Suraj to explain. Suraj tells him that if he answers a few questions, the meaning of the...
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Disclaimer:
Midas Touch Investments, disclaims responsibility and legal liability for any loss, harm, or damage, however caused, resulting from accessing any section of this website. Visitors to this website also consent to waive the right, by entering this website, to seek any form of restitution, damages, or remedy, monetary or otherwise, for any loss, harm, or damage, however caused, resulting from accessing this website. Midas Touch makes every effort to avoid making incorrect misrepresentations or misleading statements, and in no way encourages unconscionable or deceptive conduct in the providing of its services. By entering this website, you expressly accept that Midas Touch will not and cannot be held liable (in all forms of legal liability) for; and that Midas Touch does not warrant, guarantee, or represent (expressly or impliedly), that; information, opinion, commentary, data, or any other content in this website is accurate, valid, complete, legal, and current. The information in this website is obtained and compiled from various sources we believe to be reliable, but Midas Touch does not expressly or by implication guarantee its reliability. Nothing in this website constitutes an offer or solicitation of financial product, advice, recommendation and are not intended to constitute provision of investment, legal, tax, or other professional or financial advice. Such content therefore should not be relied upon for the making of any personal financial and investment decisions. Persons accessing this information are strongly encouraged to obtain appropriate professional advice from registered investment advisors before making any investment or financial decision. By entering, visitors to this website expressly accept that Midas Touch does not warrant, guarantee, or represent (expressly or impliedly) that the website is free from technical malfunction or human error, or that any services obtained through this website are of fitting quality and suitable for any particular purpose, and you expressly accept that Midas Touch will not and cannot be held liable (in all forms of legal liability) for any errors, inaccuracies or omissions (including any third party) and any loss or damages, whether incidental, consequential, or otherwise, resulting from its use or inability to use by any party, or in connection with any error, interruption, delay in operation or incomplete transmission, or line or system failure. Use of hyperlinks to or from other internet sites or resources are the users own risk. The content, accuracy, opinion expressed, and other external links provided at these sites are not investigated, verified, modified, or endorsed by Midas Touch. Midas Touch disclaim any responsibility for the accuracy, contents, availability, or inclusion or omission of information found on sites that link to or from this website. Visitors to this website are solely responsible for making all enquiries and investigation before proceeding with any online or offline access or transaction with any of these third parties. Midas Touch emphasises that all activities conducted by users at or via this website are at their own risk. Midas Touch does not warrant the security of any information users may forward, or be requested to provide, to any third parties. Users are deemed to have irrevocably waived any claims against the Midas Touch for any loss or damage suffered as a result of any access to or interaction with any other websites via this website. In the event that you may wish to access any services through this website, you are advised that any transactions over the Internet carry certain special risks. By agreeing to enter this website, visitors to this website expressly accept that Wealth Man will not and cannot be held liable (in all forms of legal liability) for any transactions that are processed over the internet. Online transactions may be subject to but not limited to, interruption, transmission, blackout, delayed transmission due to Internet traffic, or incorrect data transmission due to the public nature of the Internet. All information contained in this website is general information only. While special care has been taken in preparing the information and materials contained in this website, such information and materials are provided to users on an “as is” basis and carry no warranty or representation of any kind, express or implied. In particular, no warranty or representation is given for information and materials regarding non-infringement, security, accuracy, suitability for a particular purpose, or freedom from computer virus, Trojan horses, worms, software bombs or similar items. Moreover, the information contained in this website may be changed at any time without prior notice. Visitors to this website may print out items of interest for their own personal use only. Copyright notices and other identifying information must be removed from such printouts. The content of this or of any linked website must not be reproduced in any manner for any other purposes. Midas Touch reserves the right to pursue any necessary legal action for any copyright infringement. Midas Touch accepts no liability whatsoever for any loss or damage, or otherwise as stipulated in this legal disclaimer, arising from the use of any section of this website, whether or not such loss or damage is caused by reason of negligence, or otherwise on the part of Midas Touch. The users assume all risks associated with the use of this website including, but not limited to, all terms and conditions mentioned in this legal disclaimer.
