My elder kid just celebrated her 6th birthday in September. I asked her what she wanted as a gift and pat came the reply, “Hanna Montana pens”, “Hanna Montana bag”, “Hanna Montana pencil box” and what not ! The total dent to my salary for celebrating her birthday was 40% more than what I hadRead More
New income tax slabs under Direct Tax Code (DTC)
The new Direct Tax Code (DTC) will come into effect on April 1st 2012. DTC is meant to replace the Income Tax Law 1961. By the time the implementation of the DTC begins, we would have enough time to be excited and subsequently forget the impact of DTC on our income tax slab. This isRead More
Systematic Investment Plan (SIP) of mutual funds
By now, you must be tired of hearing me say why everyone should invest in equity – stocks and mutual funds. Investing in the latter is best done by something called SIP. If you were to take the usual more often followed route to riches in the stock market, you would probably try to timeRead More
7 random rules for stock investing or trading
Investing in stocks is a fun and greedy game. You go in with an anticipation that the stock will no doubt zoom to a level higher than you bought; you watch in perspiration as the scrip goes up and down; you sweat when your losses begin to mount; you heave a sign of relief whenRead More
Setting financial planning goals or goal based investing
One of the first most important steps in financial planning is to set financial goals for your future using goal based investing concepts. Financial goals are targets which you would like to achieve in the years ahead. Ask yourself this, “Why would you want to put away money for your future ?”. Most of theRead More
How India Earns, Saves and Spends
Finding out how Indians earn, save and spend is a mammoth task. That is exactly what Dr Rajesh Shukla, director of NCAER-CMCR has done in a book titled “How India Earns, Saves and Spends“. The study explores the connection and impact of urbanization and consumerism on the economy. The revelations the study delivers around personalRead More