Archive for April, 2012

  • Will your insurance policy get tax benefits?>
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    Will your insurance policy get tax benefits?
    When this year’s budget was announced new rules were laid down for life insurance policies. Earlier the policy holder got tax deduction on premium paid under section 80c and tax free income on maturity under sec 10 (10d). The budget has clearly issued directives that after April 2012,all insurance policies must meet the 10 times criteria to claim tax benefits as sec10(10d) has to be followed strictly. To ensure that companies do not design products to bend the rules, the budget has clarified that the cover shall not include bonuses and other payments made by the company. The budget also clarified that the cover should remain at least ten times throughout the tenure of the policy, and this means that plans in which the cover comes down from second year will not be accepted. If you are  [...]
    at April 26th, 2012 at 05:04 am
  • Hike In Airfares>
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    Hike In Airfares
    Flying will now burn a big hole in your pocket as low cost flying has virtually come to an end. Deccan airways was the pioneer in India for low cost flying which made a commons man dream come true to fly which was earlier very costly, but sadly after the sale of Deccan airways the concept of low cost flying has ceased to exit. Domestic airfares have gone up by 25 to 40% in last one month, due to several factors like kingfisher cutting down the flights drastically due to financial instability, non – payment to fuel suppliers, defaulting in bank loans, non payments of salary to staff, crew and pilots and passengers booked on this airlines are a hassled lot due to frequent cancellation of flights, which has resulted in low capacity and high demand of seats for other airlines whereby the  [...]
    at April 23rd, 2012 at 11:04 pm
  • Sedans – The Bulging Demand>
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    Sedans – The Bulging Demand
    Not long ago small cars dominated the Indian car industry, but there is a dramatic change in the mindset of people in India and the upwardly mobile youth whose aspiration for a premium car has pushed the sale of bigger vehicles by one fourth in last one year. SEDANS- commonly referred as sedans – has a great growing demand in models like Hyundai Verna, Nissan Sunny, Skoda Rapid, Maruti  sx4 , Maruti Dzire, Volkswagon Ventom and Toyota Etios now form a major chunk of Indian car market and reason for car makers to smile and in stunning contrast the small popular cars like Maruti Alto, Wagon R, Hyundai Santro and Spark  the demand has declined. Indian customers are now willing to spend on bigger cars and derive better value on the higher ticket price. young customers with high disposal  [...]
    at April 19th, 2012 at 02:04 am
  • Indian Rupee Nears 3 Month Low>
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    Indian Rupee Nears 3 Month Low
    Fears about selling of foreign funds due to weak fundamentals in the stock market and a huge demand of dollars from oil companies pulled the rupee to trade at its 3 month low level on Tuesday; it ended at 51.48 to a dollar. On Monday, RBI was also rumored to have intervened to support rupee but the end result was negative. The latest government data reflects that India’s balance of payments entered in to a negative zone for the first time in 3 years with the current account deficit of $ 19.6 billion. Importers are hit hard because of weak rupee as imports are costlier, while exporters are delighted as it makes their products and services cheaper in terms of dollars. In India a weak rupee helps software and textile importers but at the same time capital goods companies and oil importers are  [...]
    at April 12th, 2012 at 07:04 am
  • What is Foreign Exchange and why do you need to know more about it?>
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    What is Foreign Exchange and why do you need to know more about it?
    It sometimes feels like we are immersed in complicated economics and the tendency is to sit back whilst those in the know dominate the markets and decide what’s best for us. The financial markets have come under close scrutiny in the last few years due to the banking crisis and the ensuing global recession. This has led to increased awareness of the various markets and one market that has been growing significantly in recent times is that of foreign exchange, or rather, Forex. To initially simplify the case, the forex market is fairly self-explanatory. It involves trading two currencies against each other and profiting on any favourable fluctuations. The depth to which a private speculator wishes to get involved in this market can vary greatly. The internet has made the market highly accessible  [...]
    at April 5th, 2012 at 07:04 am