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Gasoline

Gasoline is a vital fluid to the economy as blood is to a person. Without gasoline and diesel fuel the world as we know it would grind to a halt. It was not invented; it is a natural by-product of the petroleum industry, kerosene being the principal product. It is made from crude oil. The crude oil pumped out of the ground is black liquid called petroleum. This liquid contains hydrocarbons and the carbon atoms in...

Balance of payment

Balance of payments measures the payments that flow between any individual country and all other countries. It is the method countries use to monitor all international monetary transactions at a specific period of time. All trades conducted by both the private and public sectors are accounted for in the BOP in order to determine how much money is going in and out of a country. If a country has received money, this...

Equity Linked Saving Schemes (ELSS)

Introduction The ELSS schemes are tax saving schemes that invest their asset in equities. The ELSS schemes offer a tax rebate to the investors under specific provisions of the Indian Income Tax laws. Investments made in ELSS and pension schemes are allowed as deduction under section 80C of the Income-tax Act, 1961. A sum of up to Rs 1 lakh invested in them during the financial year will qualify as a deduction from...

Platinum…

Platinum is a beautiful silvery-white metal. It is seen as an attractive investment vehicle and as a good way of hedging assets against inflation. This attraction for Platinum investment is spreading worldwide and is based on Platinum relative scarcity, its historical price performance and unique fundamentals. Investing in Platinum may be done in futures and options or in bars, ingots and bullion coins like the...

Types of Margins

Transactions in commodity futures are margin-based transactions. In other words, the trader of a futures contract is only required to put up a fraction of the total value of the specified commodity traded. Margin money is essentially a guarantee that the person (trader) will honor the contract entered into. Margin is set based on risk. Margin is a minimum amount of commodity that must be held in order to trade a...

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