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More services to be brought under service tax net Service tax to result in net revenue gain of Rs 3000cr Customs duty on gold to be reduced; silver at Rs 1500/kg Uniform concessional duty of 5% on all medical appliances Rationalising of customs on gaming software Custom duty of one of the key component of microwave oven reduced
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Finance Mister, Mr. Pranab Mukherjee presented the Budget for 2010 – 2011 today with an eye towards growth, yet targeted to enforce fiscal discipline. With the reduction in income tax rates (providing much relief to the already stretched wallet of the Indian tax payer!) as well as the hike in rates of petro products, the [...]
Kavita Sriram, Time of India Journalist says this is a good time for investors to buy property as part of a portfolio Leading a life of luxury on borrowed money may not always be the right thing to do. How prudent would it be to make an exception on home loans? Should you buy your dream [...]
Gujarat is the Topmost Investment Destination of India: Deutsche Bank: “Gujarat offers the most favourable outlook for growth of demand for infrastructure projects”.
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Sprint’s new ad campaign, What’s Happening, is making some serious waves. The ads are brilliant examples of effective marketing and great presentation design. Sprint spent a lot of money building a new 4G network and had to figure out how to show it off. They could have taken the traditional approach and created a campaign that [...]
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
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Home Buyers Go Shopping The home has long been touted as a key to financial security. Government policy encourages home ownership by providing federal income tax deductions on mortgage interest and requiring that lenders issue mortgages in poor neighborhoods. Renters are eager to buy and many homeowners trade up several times during their lifetime. Interest Rates Fall Interest [...]
Insanity is dead. Welcome to normalcy Just about two months ago, an MBA from a top b-school held promise of gold class jobs on the Wall Street. All that became history when Lehman Brothers and Merill Lynch crashed. How are MBA alumni from three years ago dealing with it? What have they learned from it? Suhas [...]
Irvine Robbins – American innovator who changed the way ice-cream was sold Irvine Robbins started with a single ice-cream parlour in Glendale, Calfornia, and with his brother-in-law, Burton Baskin, turned it into Baskin-Robbins, the world’s biggest ice-cream chain. Robbins, who has died aged 90, was an innovator in both business and ice-cream – part of [...]
The global economic crisis has come to India. Share markets are down; industrial production is down and the mood among businesses and investors is down. The Prime Minister, Finance Minister and the RBI Governor have repeated said India’s economy strong enough to weather the storm in the world financial market and it’s banks have enough money.“The [...]