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 »
Unlike the manual clearing of cheques where there is a possibility of many human errors and subsequent delay in clearing, the MICR code on the cheque printed with a unique magnetic ink usually iron oxide has magnetic material present in it and thus makes it machine-readable and almost error proof! Under this method the reading… 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 »
Allahabad Bank intends to carry on with its present positive growth trend and obtain a business objective of Rs two lakh crore by the end of 2010. At the close of 3rd quarter, the bank had recorded a business of Rs 1.60 lakh crore and is geared to fulfill the Rs 1.75 lakh goal established… Read More »
Manufacturers focusing primarily on selling diesel cars such as Mahindra & Mahindra, Tata Motors, Toyota, Mercedes, BMW and Volkswagen foresee a big fall in sales should the government accept the suggestion by Parikh committee to levy a flat tax of Rs 80,000 on diesel cars, due to increasing price differential with petrol models.
India’s banking regulator, RBI does not possess any details regarding the stiff fines and steep interest rates charged by banks on credit card defaults. When asked if RBI is aware of the fact that the banks are levying stiff fines along with heavy interest rate on credit card defaults and the statements are not sent… Read More »
Economic growth figures for the present financial year that will be released around May will give the actual scenario to the government to take the decision whether they can roll back the package. This was stated by Pronab Sen, the chief statistician.
Honda Motor, Japan’s 2nd main car maker reported nearly 7 fold increase in profit in the final quarter from the previous year. This was due to higher sales in India and China.
On Thursday, ICICI Bank said that it foresees the interest rates to go up from the 2ndquarter of the forthcoming financial year, since investment activities will go up from then on.
On Thursday, the government said that it might take a decision on the Parikh Panel suggestions of liberalizing the oil rates and hiking the prices of kerosene and cooking fuel prior to budget.