The impact of economic reforms has been that rich people have become richer and poor people poorer

….3 billion in 1995-96. In initial years of reform, 1991–1992, poverty increased in India slightly. But, later on number of people below poverty line decreased. And, a steep declined in number of person below poverty line in between 1993 to 1998 was seen. Currently, number of middle class in India is expected to be 300 million, which is expected to double by 2025 to 600 million. It is sure that as the economy of India will boom, new millionaire an…

Should FDI be Allowed in Higher Education

  The ‘India Vision 2020′ envisages the transformation of India into a knowledge superpower. To achieve this vision, the higher education sector has to play a key role. At present India is producing highest number of doctors and engineers every year. But, if one considers the quality and quantity of higher education in India. It is worse. In US and UK, percentage of enrolment in higher education is 82.4 and 60.1 respectively. In…

Share Market Terminology: Part 2

…venience, but charge fees and often require a minimum investment. 13. Closed-end Mutual Fund A fund with a fixed number of shares outstanding, and one which does not redeem shares the way a typical mutual fund does. Closed-end funds behave more like stock than open-end funds: closed-end funds issue a fixed number of shares to the public in an initial public offering, after which time shares in the fund are bought and sold on a stock exchange, and…

Should I Buy Through Affiliate

How to help the Promoter of a product? In the recent times, more and more people are buying a product online. Back in 90’s, people are scary to use their credit card for online transactions. But, as the time progresses and confidence level increased, everyone is doing online shopping. With development of e-commerce, number of websites, blogs have also increase. Most of these are either selling something or promoting something to earn money…