The increased spending from the Government has increased the deficit in the Government budget to a very high level. At the GDP level it is a comfortable slightly over 4%. But on an actual budget level, the deficit is at over 40% of the income (14 lakh crores expenses on an income of 10 lakh… Read More »
Real estate attracts capital gains tax. The advantage is that we can use indexation benefits to our advantage. The indexation index is announced every year by the Income tax department. This is a number which links the inflation to property values. By using indexation, we can estimate the true appreciation of the real estate after… Read More »
A lot of investor participation goes into opting for the strategy to protect from market bubbles! An investor is better positioned when he possesses a strong financial knowledge, has more time to watch market movements and above all a basic understanding of the assets markets. The investors’ ability to make use of the various financial… Read More »
Honda Siel Cars India, the Indian subsidiary of Honda Motors of Japan today announced that it plans to recall over 8,500 City sedans produced in India in 2007 in order to alter a faulty switch. Since the company sold 26,800 cars in that year, nearly every 3rd of these cars need to have their faulty… Read More »
Ultimately Nissan has introduced the stupendous 370Z sports car in India. It is available in 8 body colors and offers the alternatives of a 7-speed auto and a 6-speed manual gearbox. This car is one of the most respected names in sports car family.
After months of resistance, Cadbury finally accepted the offer in Jan this year at a higher price of 840 pence a year, thus valuing the company at US$ 18.9 bn. The deal comprises of 500 pence cash and 0.1874 new Kraft shares for each Cadbury shares. Earlier Kraft had proposed a price of 745 pence… Read More »
A sale deed has almost all the details required to carry out the purchase or sale of a property. Beginning with the basic details like the full names of the buyer and the seller, and their addresses, the other details in the draft sale deed would include the details of the property under sale such… Read More »
The recent announcement from RBI curtailing the use of free ATMs to five times a month and a upper limit of Rs.10,000 per ATM withdrawal, the joy of the consumer in availing this service has become short lived. This new ruling comes into effect from October 15th, 2009. However, with people working 24×7, but banks… Read More »