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 »
The tax rules for leave encashment are treated differently depending on the two different instances. One, during your employment tenure, and two while you are leaving the company.Irrespective of you serving the government or the private sector the leave encashed during your employment tenure you will be taxed. But tax rules favour the government employees… 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 »
With liberalization, the Bank’s focus has shifted back to core central banking functions like Monetary Policy, Bank Supervision and Regulation, and Overseeing the Payments System and onto developing the financial markets. In 1991, with the External Payments Crisis, Rupee devalued in two stages. Unified exchange rate was introduced in 1993. To maintain the foreign exchange… Read More »
Having a budget does not mean that one has to be an Uncle Scrooge (as in Walt Disney). A budget is meant for maintaining ones’ comfortable life style and also achieves dreams and goals with less financial stress. A good budget will plan for any contingencies and also positive events. It will also have provisions… 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 »
Here is a chance to relook at your portfolio when the spirits are high. While you need a plan to build a house, to build a life, it is even more important to have a financial plan or goal. Having patience and discipline with long term investment horizon would definitively aid you to meet your… Read More »
The right of the mortgagor to redeem his mortgaged property is protected by his right to redeem. Once a full settlement of the mortgage amount is made the mortgagee is legally bound to re-transfer the property on mortgage either to the mortgagor or to a third person as the mortgagor might direct. Moreover, the transfer… Read More »