Recent Articles

  • All About Money Laundering
    Money laundering in India is a very complex process, and it is very difficult for the investigating agencies to trace the funds concealed from the income tax acts, and these funds are invested in stock markets or other business ventures. In  India the laws states that anyone makes a gain of Rs. 30 lakhs or above by violating  acts  like SEBI act, Prevention of Corruption Act, Income Tax Act, it will be considered a case of money laundering. Lately even money from money laundering is used for terrorist activities in India, to destabilize our economy. The figures of money laundering in India are alarming. A recent survey revealed that there were in all 1,437 cases of money laundering registered in India. That’s not all, the total number of cases where attachment of property is ordered is 131 and presently, the value of the properties  [...]
    Posted at August 13th, 2012 at 02:08 am
  • Causes For Delay In Tax Refunds
    It is a known fact that collecting your tax refunds is a nightmare all tax payers have to face, and it has been found that there are many reasons for the delay in getting the tax refunds and some of them are listed below- If the tax returns filed by you have too many tax deducted at source entries, your assessment takes a longer time to process, and hence there is a delay in collecting tax refunds. You must furnish proper your proper bank account details and MICR code with your tax returns and if error is found in your bank account details your tax refunds are bound to be delayed. If the tax deducted at source details provided by you in the form does not match with the data of the tax department, your refund may be put on hold, till all the queries are replied and complied. If you have provided in correct or wrong mailing address  [...]
    Posted at August 3rd, 2012 at 03:08 am
  • Why Insurance is Important for Start-Up Businesses
    The term ‘start-up Britain’ is used quite a lot these days, mainly because the recession has forced many people to look at alternative ways of supporting themselves financially.  Gone are the days of a ‘job for life’ – today, you’re lucky if you have a job for a year’s fixed-term contract.  If you have a job, you may not have received any bonuses or even a cost-of-living raise for several months or even years, whilst all your outgoings continued to rise. Many people faced with redundancy or unable to find work have decided to start up their own business, and Britain now has thousands of small businesses, with many of those being run from home. Running a start-up company isn’t easy; it’s especially hard to switch from receiving a regular salary to relying on trade to be able to take any money out of the business  [...]
    Posted at June 28th, 2012 at 07:06 am
  • India Shining With – Gold
    As a large part of the world economy is undergoing global crisis, investors of all kinds are flocking toward investing in gold as they feel secured and may offer them high returns in the near future. Even central banks all across the world have turned in to big buyers of gold and asset allocation patterns are being redrawn to include gold. We Indians traditionally buy gold as a mark of status symbol and flaunt our wealth ,a way of life, but we had never considered gold as an investment earlier, but now the mindset of the gen next has changed and they consider gold as the safest and fast liquidity product and investment. Earlier gold gifting and buying in India was a tradition to be followed on occasions like child birth, or naming ceremony, or Diwali Dhanteras, akshya tritya. In the current market conditions gold ETFs have seen a  [...]
    Posted at June 1st, 2012 at 05:06 am
  • 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 financial institutions. Another method  [...]
    Posted at May 29th, 2012 at 05:05 am
  • 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 Authority, which keeps a check on insurance  [...]
    Posted at May 24th, 2012 at 03:05 am
  • 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 species. The most imperative part of this  [...]
    Posted at May 24th, 2012 at 12:05 am
  • 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 known as Bombay), and 19 km in a small  [...]
    Posted at May 22nd, 2012 at 12:05 am
  • 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 which is a priority. Children’s  [...]
    Posted at May 17th, 2012 at 05:05 am
  • 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 cricket. The number of casual gamers in  [...]
    Posted at May 15th, 2012 at 01:05 am