According to Mark Mobius, global investor and emerging markets fund manager, some parts of India and China could become ‘next Dubai’. In his interview to Bloomberg, he indicated that considering the liquidity in the two Asian nations, there could be isolated pockets of disaster on account of over-spending and over-leveraging. While he mentioned that though… Read More »
Ideally banks offer loan amounts up to a limit of around 50% of your income. This does not mean you should utilize the entire limit available. Keeping EMI repayments within 30-40% of your budget will help you save nearly 30-50% of your income. Money management experts recommend that you should try and save up to… Read More »
Volkswagen India is all geared to Motor sport in a totally new direction this year with the introduction the Polo Cup races in India. The Polo Cup India season is set to begin from the 19th June 2010, with total 6 races. This is the first Polo Cup in India.
Although at a cursory glance some of the ideas discussed above might sound to be the stuff that our Auditor/Financial Planner should be concerned with and not us, it is imperative that we understand the philosophy behind them so that we are more in control of our income tax assessments. With the increasing benefits of… Read More »
In simple terms international funds are funds that are invested in global markets. International funds come in many packages and it is always better to understand them before taking the plunge. In India it was in the year 2007 that the Securities and Exchange Board of India (SEBI) announced that mutual funds could increase their… Read More »
There is a big difference in the standard of living in India and standard of living abroad. Those things that you consider luxury in India are a necessity abroad. E.g. car, washing machine and dishwasher are luxuries in India, but a must in the US. You need to find out the actual costs of tuition,… Read More »
What will you say to a first standard kid who says – “I can’t do my homework myself. Mummy! Can you do it for me?”. I think the answer most likely will be “Who is going to sit for you on the exam day?”. Does not the same logic apply for us (adults) who are… Read More »
This system of pure auction will be more beneficial to investors and at the same time provide better clarity on the actual demand for an issue. In regular book-built issue the institutions always bought more shares as in the case of over-subscription of issue the company would allot the shares on a prorate basis. Consequently… Read More »
Those who have been in the working life for quite some time keep a track of the latest gadget or trek trip. Who can do without a new car or an i-phone? Shopping at malls on weekends and boozing at pubs during weekdays is a regular life now. After all one should enjoy life! The… Read More »
Many a time the salaried person thinks that the CTC (Cost-to-Company) mentioned in the appointment letter divided by 12 will provide him the monthly income. Unfortunately it is not so. There are so many deductions like taxes, EPF, company sponsored food, ESI, Gratuity contribution, medical claim component, LTA, etc which are deducted or can only… Read More »