Budget 2011-12 has given a marginal benefit on the tax slab for individuals. However the benefits for very senior citizens are higher. However the expectations that there will be changes in the investment avenues and their slabs have not been met.
Last year our Finance minister experimented with the direct transfer of subsidies for a few agricultural fertilizers excluding urea. This has been found to be very successful in ensuring that the benefits are accrued by the actual farmer who ultimately uses the fertilizers and not the intermediaries.
This budget too is another of Mamata Banerjee’s goody goody budget which has not increased the fares for passengers. Also she has proposed reduction in the online booking charges. But the budget totally lacks in terms of growth and vision for the railways, for example what will a country of our size do with an… Read More »
“biggest reforms are not the ones that make the headlines, but the ones concerned with the details of governance, which affect the everyday life of the aam admi” -Mr. Pranab Mukherjee, Budget speech 28 February 2011 All of us can heave a sigh that the government has taken a very important view on controlling prices… Read More »
The main impetus of the budget is to improve the growth rate and get it to 9 percent in the near term and to a double digit rate in the medium to longer term. The other two areas of focus are Infrastructure development especially in Rural India and Improving Governance by shoring up Systems and… Read More »
Prepayment implies closing the loan earlier than planned. Most banks impose a penalty on prepayment. The prepayment can be charged in two cases. One, when you prepay with your own sources. In this case, you issue a cheque from your account. Second, you refinance the loan from another bank.
Employment history definitely matters! Your employment track record is also a yardstick to measure your loan repayment ability, apart from your company’s credentials. 3 years is how long you are expected to stay in your current company to be eligible for a loan with certain PSU banks!
The healthcare and Pharmaceutical industry are one the most important sector for India’s growth. Several proposals were suggested by ASSOCHAM to facilitate substantial investments in the healthcare sector in its pre-budget memorandum to the finance minister. Hence, if you are interested to invest in a couple of Auto industry stocks and worried at how the… Read More »
Had you invested in the Auto sector stocks last year, you could have earned a healthy return of more than 35%. While the long term growth prospects of this industry looks bright, surging inflation and input costs might act as an impediment in the short to medium term. So, if you are interested to invest… Read More »
A few more days to go for the union budget and what are your bets for the Oil & Gas sector stocks. As the stocks will be highly volatile in the budget days, it is essential to understand the impact of union budget on the Oil & Gas sector. If you are an investor and… Read More »