Finance

Indian stock Market hits 20K, rupee below 64

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Sensex hits 20K, rupee below 64: Five reasons for the euphoria – The Economic Times:

Indian Stock Market Dazzle after a rapidly shrinking Rupee

The S&P BSE Sensex rallied over 700 points in trade on Tuesday to touch its key psychological level of 20,000. Tracking the momentum, the 50-share Nifty, which rallied for the fourth consecutive day in a row, surged over 200 points to hit its key psychological level of 5,900 in trade today. 

The rupee was at a two-week high following weakness in the dollar index. The partially convertible rupee was at 63.90 in late trade.

The 30-share index ended at 19,997.10, up 727.04 points or 3.77 per cent. It touched a high of 20,012.69 and a low of 19,444.66 in trade today. 

The Nifty closed at 5,896.75, up 216.35 points or 3.81 per cent. It touched a high of 5,904.85 and a low of 5,738.20 in trade today. 

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3 Tips to Increase your Credit Rating Score

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 When asked in a 2006 Consumer Action study, over 27% of Americans said they had never even checked their credit. What’s worse is that a recent FTC report revealed that about 25% of American consumers have at least one error on their credit report that could negatively affect their score. Credit reports may not be sensational or exciting, but they’re relevant to anyone who has ever applied for a loan, insurance, apartment rental, or credit card. In other words, they’re relevant to pretty much everyone. Because credit scores can have such a major impact on your financial health, awareness and education around credit scores is particularly important. This infographic helps you to understand the ins and outs of credit reports in a visually compelling way! In celebration of Credit Education Month, PeopleSmart has put together an informative graphic to help highlight the importance of being both aware and educated about your credit.

Delaying your Insurance : What it might Cost

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September is National Life Insurance Awareness Month. While Insurance  has always been a matter of ” future”   which we tend to ignore… Although Insurance is one of the most basic financial planning tool, the numbers show that  3 in 10 households remain uninsured . This infographic was posted  via source 

State of US Retail in 2012:

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“BRIGHT” does not only describe the popular coloured jeans currently available in stores, but also perhaps the outlook for retail sales in America, which rose by 0.8% in July. Although a relatively small rise, it was higher than the consensus forecast, and the first increase since March. According to the Commerce Department, all 13 major retail categories showed growth. Stores selling furniture, sporting goods, hobby items, books and music, and food and beverage items did particularly well.

. Increased employment (payrolls rose by 163,000 in July, the most in five months) has supported sales growth, adding to the number of consumers with paychecks and disposable income. But America’s recovery is still sluggish and consumer credit growth weak. With consumer spending at around 70% of GDP (spending on goods is around 25%) economists and retailers alike will be looking for strong back-to-school sales in August.

Government Spending For the Last 5 Decades

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NPR provided this infographic which explains how  each dollar the federal government spends, how much goes to defense? How much goes to Social Security? How much goes to interest on the debt? And how has this sort of thing changed over time?
The graphic below answers these questions. It shows the major components of federal spending 50 years ago, 25 years ago, and last year.
Source: npr.org via Sumit on Pinterest

Global GDP Ranking Per Capita

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The world’s recovery from recession is slowing, according to The Economists measure of global GDP, based on 52 countries. Third-quarter growth expanded by 3.6% across the world, down by 1.5% from the same period in 2010. The last 12 months have seen the developing world expand at about 7%. Developed countries, meanwhile, have been dragging their heels, weighed down by the euro crisis. Qatar and Ghana are predicted to be the fastest growers of 2011, with GDP increases of 19% and 14% respectively
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GDP growth rates slowed sharply in most rich economies in the second quarter. So where does that leave output relative to its level before the start of the financial crisis? If we rank the G7 countries according to the change in real GDP since the end of 2007, Canada tops the league. But Canada, like the United States, has a fast-growing population, whereas the number of Germans and Japanese has started to shrink. GDP per person is therefore a better measure of relative performance. As the chart below shows, by this gauge Canada is still 1% below its pre-crisis level and America is 3.5% down.Among the G7 countries only Germany has regained its end-2007 level