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… Read More »
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… Read More »
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… Read More »
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… Read More »
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 proposal… Read More »
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… Read More »
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,… Read More »
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… Read More »
“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… Read More »
Morarji Desai holds the record for presenting the highest number of budgets – 10. of these 8 were annual ones and 2 were interim ones. He also had the honour of presenting the budgets in 1964 and 1968 on 29th February, which happened to be his birthday. He had 2 stints, one as a finance minister… Read More »