With so many ambitious plans the funds for the expansion proposed at Rs.4,411 crores looks very less. Hope Ms.Banerjee has got her numbers tallied up for different projects. Also the increase in the expenditure for the next year at a mere 4.4% makes one question the numbers again. Probably the efforts to reduce the expenses… Read More »
For the uninitiated and probably for the unmarried and divorcees too, a prenuptial agreement or more commonly called prenup or prenupt is a contract or agreement entered between two people about to wed! This contract clearly lays down the procedure of how assets and personal liabilities will be shared or distributed or spousal support in… Read More »
Ever heard of your dad or grand dad take a loan for a vacation or for that matter for a festive and high spending involved occasion like a wedding? Do you recall them buying clothes because retail therapy helped their blues every other month? They always preferred quality over quantity on anything purchased be it… Read More »
Surveys say that India is going to give the biggest salary hike in 2010. Salary increase for 2010 in India is projected to be 10.6 percent, the highest in Asia Pacific and up 60 percent from the actual increase of 6.6 percent in 2009. Indian owned companies are expected to outperform MNCs with a projected… Read More »
State Bank chairman OP Bhatt said that lending rates are unlikely to increase at least in the next 3-4 months since any rate increase in a low-demand situation can harm banks’ margins.
The competition in this arena is expected to further strengthen the infrastructure capabilities of CIBIL, which currently has the first mover advantage and a huge database to its credit, not to mention a huge list of banks and financial institutions as its members. On the other hand the new entrants come with the rich experience… Read More »
Protecting the principal thus cannot be a reasonable objective for an investor, unless it is for the short term. A person who wants protect the principal for making a house down payment after 5 months, wanting to buy a bike after 3 months, who has her daughter to be married off in the next 4… Read More »
Many of us are under the false belief that credit cards are a form of extra money! We need to understand that it is still going to be shelled out from your next month’s pay cheque. If you think you can get away with paying only minimum amount due, don’t forget that your interest… Read More »
In SIP, if the investor wants to invest Rs.30, 000 per annum it would be done over a 12 month period of Rs. 2500 every month! SIP gives you the advantage from rupee cost averaging and saves you from the hassles of timing the market. You contribute a fixed amount every month and when the… Read More »
The 40% scheme allows for purchase of equity, preference shares and convertible debentures not exceeding 51% of the face value of each issue. Repatriation of up to 40% of the new issue is allowed. Under this scheme, NRIs can invest in new projects or in expansion and diversification projects of existing companies.