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 »
There is nothing and then, there’s everything! These are the exact sentiments that would echo through most Indian households and more so from the Women who manage these households. Let’s take a look at what is in store for housewives and Indian women in the coming year as an outcome of Budget 11-12
“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 collection of Indirect taxes has seen a healthy growth during 2010-11” as said by our Finance Minister. The industry expectation was that owing to this, there may be a roll back on the tax rates that were reduced 2 years ago and partly increased last year. However the Finance Minister’s budget speech has come… 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 »
The suspense of the railway budget 2011 has been undone today. Railway Minister Mamata Banerjee today presented the third budget in UPA-II in the Lok Sabha. The budget seems to be a combination of strong economic focus along with enclosures. The Railway minister said that there will not be any increase in the fares. Concessions… 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!