Home-loan disbursements have picked up as interest rates are under check. RBI is also taking steps to bring in the revival in the real estate sector. RBI has already stated that the current customers should be offered an alternative between continuing with their old home loan rates or move to new rates decided by the [...]
No matter how you find the place you are deciding to rent a personal tour is absolutely crucial, even if it is recommended by your best friend. Visit, visit and visit the apartment. This is because only you know what exactly will make you comfortable in your house, what difficulties you [...]
It depends upon the company’s management to decide who gets how many options. But as a general guide, people in higher management are offered more options. Sometimes people in special projects which brought the company more profits are offered more options. Suzlon, as discussed earlier has given equal number of options to all its [...]
As a fall out of the financial crisis the RBI came up with the idea of a Financial Stability Unit to monitor the economy and carry out regular stress testing and creating related reports. The current report has mentioned that the first FSR has indicated concerns relating to rising inflation, government borrowing and capital flows. [...]
In effect this will mean that almost close to Rs 12500 crores will be taken out of circulation. Meaning there will be a reduction in loans being given out at least at the lower spectrum or alternatively and practically this could lead to increase in interest rates, more competition among banks to get customers (better [...]
Parasailing in Goa, is an exciting water sport option. As you soar in the air and let the cool air to gently touch your face, the excitement really kicks in. In Goa you can parasail in two ways - winch-boat parasailing and beach parasailing. Winch-boat parasailing is usually done alone and it takes you high [...]
Flights are available from Delhi which ranges from Rs 6500-13000. Flights from Chennai to Leh costs around Rs 9000-13500, from Mumbai to Leh costs around Rs 8500-12000, and flights from Kolkata to Leh costs around Rs 9500-11000.
From Delhi, taxis are also available which cost - Indica (4 people) 12,000 and Qualis (6 people) 15,000. [...]
You should be ready to hand over all the paperwork related to the property to the buyer, whenever asked. But you are exempted from this rule under 2 circumstances: either you have clarified in the agreement with the buyer that you’ll retain a portion of the property or you have sold the property to various [...]
This piece will try to look at the numbers post budget 2010 and compare it with the tax laws prevailing in 2009-2010 to see which part of the Indian junta will laugh its way to the bank in 2010-11.
There have been countless discussions on how the budget is pro-middle-middle class (the repetition of middle is [...]
Reams of paper and millions of words are used to discuss the budget every year, but, by the time the next budget has come many of these experts are more involved about thinking of what should be done in the upcoming budget rather than what has been done that was promised in the last year.
The exemption of customs duty on gold ores and concentrates for its manufacture will show a definite reduction in the cost of gold production which will be highly beneficial to the manufacturers. Gold bars other than tola bars will have a rise in price. The cost of export of plain gold and silver jewelry is [...]
Usually companies hedge funds to safeguard against currency fluctuation. If this is done in the right way the company makes a Forex gain but in case of wrong bets it incurs Forex loss. Forex gain or loss can also happen when companies borrow in foreign currency.
If you are shareholder and see a Forex loss [...]
The basic excise duty has been increased from 8% to 10%. This will have a compounding effect on almost all goods. By the time this article is written, there is some news that the petrol prices will be increased by about Rs.2.85/liter. Car makers have told that they will be increasing the prices after the [...]
The major cause of celebration was that people earlier in the 30% slab (those currently earning between 5-8 lakhs) have now been shifted to the 20% rate of income tax and those in the 3-5 lakh group have shifted to a lower 10% rate of income tax. Add to this the deduction of Rs 20000 [...]
The key element of the budget that creates an income of almost Rs.10,000 crores for the Government and increases inflation in a big way is the introduction of Customs duty on crude and introduction of excise duty of Re.1/liter on petrol. This announcement in fact lead to heated objections in the Parliament and the budget [...]
By far the most attractive thing in the Budget 2010 for individuals is the increase in the income tax slab limits. Though the entry level slab for income tax has not been changed from Rs.1.6 lakhs, there is a considerable jump in the other slabs. As per the words of the Finance Minister, this [...]
Apart from this the finance minister has also given an additional deduction of Rs 20000 for any investments in Infrastructure bonds. This will be over and above the Rs 1 Lakh we already have. Thus meaning we could even save up to ten percent of our income in case we are in the lower end [...]
The industry & services sector were both expected to show a strong recovery and is performing along the expected lines. The mining sector is presenting a strong output expansion similar to its performance in June and July 2009 but the growth in the output of crude oil and coal has shown a marked decrease. Hence, [...]
Telecom is one of the fastest growing sectors in India. India has the second largest telecom user base in the world. However, the companies are recently witnessing intense competition leading to a price war. The increasing proliferation of dual SIM cards in the market is also leading to subscribers shifting their operators from time to [...]
“Now the definitive list must of course be produced by the ‘High Commission’ of our party/association but I have a few suggestions of my own. All students, irrespective of caste, creed or religion must be provided with free laptops. I mean, didn’t somebody somewhere provide free colour TVs to everyone? Our request, then, is definitely [...]
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