Archive for May, 2012

  • Frauds in corporate India>
    Frauds in corporate India
    Frauds in corporate India are making news headlines every morning and the statistics of fraud in the corporate world in India is shocking- 3 out of 5 firms are victims of corporate fraud. Normally it takes 1 year and above to detect these frauds but till then the losses it is too late to rectify the situation. The frauds in corporate are on the rise and some of the methods of committing fraud are: The corporates today fudge their accounting and book keeping teaming up with their chartered accountants and financial consultants and present a very rosy and healthy picture for the investors and financial institutions, so as to avail more funds, however the true financial status of the company is only known to the senior management. These accounts are fudged to lure investors and take loans from  [...]
    at May 29th, 2012 at 05:05 am
  • Medical Insurance: A Rising Need And A Necessity Of Life>
    Medical Insurance: A Rising Need And A Necessity Of Life
    The rising cost of the health care in India has effected everyone, as getting hospitalized or seeking medical care is very expensive task and when confronts these problems it turns in to nightmare especially in case of senior citizens. Senior citizens who have retired from leading an active life and having limited means of income and savings need more health care than any other section of the society. But it is a sad state of affairs that insurance companies are not very keen to provide them medical insurance as they are considered riskier than any other groups. There have been many instances where the insurance companies have refused to renew medical insurance of senior citizens as they feel policy holder has become old now or has developed a medical condition. Insurance Regulatory Development  [...]
    at May 24th, 2012 at 03:05 am
  • A Lucrative Business- Air-Freighting Animals>
    A Lucrative Business- Air-Freighting Animals
    Lufthansa- Air France- KLM group, Emirates airlines are competing in a market that’s small but highly lucrative- air- freighting animals. The bigger the animal and the more specialized its requirements; the more profitable is the freight job. However there is no room for error in this high profile flights as sometimes the horses air freighted are worth more than the plane, and substantial investments have to be made to provide the specialist faculties for horses, a bag of fish, dogs, cats, pigs, giant pandas, reptiles, and other zoo animals. There are some creatures the airlines don’t handle like animals caught in the wild are not precluded unless permitted under the convention on international trade in endangered species of wild fauna and flora, which protects 35,000 animals and plant  [...]
    at May 24th, 2012 at 12:05 am
  • What a rupee can buy>
    What a rupee can buy
    Economic times on Sunday hit the Indian markets to survey and research what a rupee can buy in order to highlight the rising inflation situation. The results which were revealed were stunning. Some of the results made the readers have a hearty laugh. Here are a few examples of such instances. The question posed was: “What can a single rupee buy?” The answers were myriad and some were downright weird. But before we embark on this journey, lets imagine what the answers would be when posed to people from the golden era. In the 1950s you could buy 3.5 kilograms of rice or 500 grams of chicken for Rs. 1. You could span the distance of over 50 kms for Rs. 1. A decade later, in the 1960s you could buy a kilogram of rice for Rs.1. In the 1970s you could travel for 9 kms in the city of Mumbai (then  [...]
    at May 22nd, 2012 at 12:05 am
  • Personal Budgeting: An Essential Priority>
    Personal Budgeting: An Essential Priority
    Be it family, government, entrepreneur, employer, corporate world, event manager, budgeting plays a vital role. Budgeting is a financial plan listing all our income or revenues and all our expenses. It is the plan which is essential to run our life and business smoothly and efficiently. Budgeting involves earning, spending and saving. Budgeting can be done on a simple paper or on an excel sheet, the purpose is the same to keep a firm grip on our expenses so that we do not exceed our expenses over our income and try to save for a better future. In a personal family budget the head of the family has to work out his monthly budget in such a way that he allocates the right amounts to each requirement of every family member. Personal budgeting involves the budgets for: Housing rent or mortgage. Food  [...]
    at May 17th, 2012 at 05:05 am
  • Gaming Industry: A Field With Tremendous Potential For Growth And Development>
    Gaming Industry: A Field With Tremendous Potential For Growth And Development
    Entertainment is said to be the opium of this century and generation. We enjoy entertainment in various forms like cinema, drama, music, theatre, sports, arts, cultural activities but the new entrant in this group is the industry of gaming. Gaming in India has tremendous potential in terms of generating wealth, exploring new ideas, creative marketing, and innovative content development. The success of games like angry birds-which has been adapted to all possible platforms like online / iphone / android, has opened a new breed of entrepreneurs. Farmville really caught on India and went viral as moms too loved the games and approved that the games were not bad and violent. It is not uncommon to find at many gaming parlors married couples having a boxing match or father and son playing virtual  [...]
    at May 15th, 2012 at 01:05 am
  • Tariff Value On Gold Reduced By The Government>
    Tariff Value On Gold Reduced By The Government
    On 23rd March 2012, the auspicious day of Gudi Padwa, the government reduced the tariff value of gold. Previously the tariff for gold imports was $ 573 for every 10 grams. But now the there is a reduction of $ 43. The revised tariff is $ 530 per 10 grams. However, the tariff of silver imports is not modified. The current tariff of silver import is $ 1,036 for every kilogram. Bullion traders and jewelers had strongly opposed the move of the government when it had increased the custom duty on gold to 4 %. Previously it was 2 %. And if that was not enough, the government also levied an additional 1 % excise duty on unbranded jewelry. The government plans to restrict the import of gold. With imports increasing at an atrocious rate, the government is looking for suitable ways and means to curb or  [...]
    at May 10th, 2012 at 06:05 am
  • Useful Tips To Help You In Choosing Your Banker>
    Useful Tips To Help You In Choosing Your Banker
    All banks offer a number of services like-savings account, current account, recurring account, fixed deposit account, demat accounts, mutual funds, locker services, home loans, credit cards, personal and auto loans. It is imperative that to choose a right bank for your banking activities your decisions must be influenced by the following factors. Service- it is important that your bank offers a friendly, convenient, service. The staff should at all times be accessible to you, guiding and advising regarding your accounts, finance. The banking staff should be professional and also have warm cordial relations with the customers. The customer should feel like a king when he or she enters the bank. The bankers should have moral ethics so that the customer at no point of time feels cheated or neglected. Monetary  [...]
    at May 8th, 2012 at 05:05 am
  • Government will buy PCs -only made in India>
    Government will buy PCs -only made in India
    The government of India to revive its sagging economy, and to give a boost to the electronics manufacturing by make it a policy to buys pcs only manufactured in India. The government has played its cards wisely as this move will bring investments in India and government will place huge procurements orders only with PCs manufactured in India. The government has in fact advised global hardware makers to set up shop in India if they wish to secure government orders for PCs. The government orders will be worth thousands of crores of rupees. This move has been welcomed by the manufacturing industry as we Indians have a tendency to buy imported products which reduces our foreign exchange reserves. Also this strategy of the government will help the hard ware makers in a big way. In future the government  [...]
    at May 3rd, 2012 at 03:05 am