With the aim to spur investment and job creation in India and to provide a safe home, Indian government now offers permanent residency status for individuals and their families. Previously, India has announced life-time visa, residency and citizenship for minorities of neighboring countries which includes – Hindus, Sikhs, Jains, Christians, Parsis and others who are not safe in those countries. We expect these programmes to be further broadened leading to citizenship. While ordinary Indians may not realize it, and there are some who want to see India broken up (read JNU protesters or Kashmir rebels, or even some in our media), there are large number of admirers for India and many waiting for a chance to settle in India.
- 1 Sep 2016
Indians love gold as in investment, but it has disadvantages to including: 1) Gold Jewellery – may not be the best investment. In this you lose in service tax and making charges; 2) Gold Coins – again you lose in buying and then reselling due to brokerage commissions. Also, banks do not always buyback the gold coins and bars sold.3) Gold ETFs can be expensive and there can be heavy fees; 4) There is no regular income, it is passive; 5) Storaging gold has its risks; 6) No Liquidity meaning cannot be easily be used; and finally 7) Price vary by international markets. In total, one should long and hard as to why one is buying gold for personal use or investment, and if investment will one really make money.
- 4 Aug 2015