Tuesday 1 July 2014

Financial News for the day- 01/07/2014

The S&P BSE Sensex gained 13.5% in the quarter ended june-14 to register its highest rise in ninteen quarters.The quarter saw the formation of the new government which enticed heavy FII buying.

 Foreign Institutional investors were net buyers of Rs 36005 Crores as market were in a bullish mode & are now striving for a new information regarding policy announcements for it to scale new heights.

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New UK’s Pension Schemes Act 2015- Transfers are possible only to ‘Defined Benefit’(DB) QROPS scheme . India based UK expats/NRI’s who accumulated UK pensions should know about Defined Benefit scheme.

India based UK expats forms the largest expats in the United Kingdom. Many overseas Indian citizens who have been working in UK as Docto...