Amidst bigger news like the Ukraine Russia war, election results of 5 states, new Covid variants, etc., Karnataka Budget could not find much space in the media and minds of people. As there were not many takers, it had a shelf life of less than 24 hours! Did you hear …Read More »
What should investors do in a free fall market?
The war has begun. This shows that the human mindset has not changed over centuries. A street fight among humans should not be part of a civilized world. All the preaching has no place when people start fighting like wild animals. When these headlines grab our attention, we go back …Read More »
Is crypto investment a missed opportunity in India?
A friend of mine was in low spirits for not investing in Bitcoin a year before. He continued “Had I invested, I would have made a lot of money” I asked him “Do have the same feeling of wasted opportunity by not doing Future & Options (F&O) trading? Betting on …Read More »
Digital Budget 2022 – Part 2
Will the Government abolish Income Tax? This question pops up once in a while in the public domain. To answer this, here is the estimated total Tax revenue of the Union Government for FY23 – Corporate Tax (Tax paid by business entities) Rs.7,20,000 Crores Income Tax (Tax paid by salaried …Read More »
An overview of Digital Budget 2022
FM read out the speech from a digital tab and most of the contents of the speech referred to digitization. It is indeed a digital budget both in words and spirit. Amrit Kaal from India @ 75 to India @ 100 is the vision statement of this budget. The budget …Read More »
Where can we find the excess cash?
None of us will forget 8th November 2016, the day Demonetization was announced by the Government. How much cash was in circulation during that time? The Annual Report of RBI shows that the total currency (cash) in circulation was Rs.17,77,000 Crores. The latest report of RBI, published in November 2021 …Read More »
How much returns can one expect from the Stock Market?
I can confidently say that all of us know that people are making money from trading or investing in shares. We also know a couple of other facts like (a) investing comes with high risks (b) the returns from shares are higher than from regular Fixed Deposits (c) Shares are …Read More »
All about Benami Transactions
Benami is a familiar term. We, the middle-class Indians are born cursing politicians and bureaucrats who own Benami properties, isn’t it? It’s time to know more about Mr. Benamidar, the different shades of Benami Transactions as per The Prohibition of Benami Property Transactions Act! Benami covers both movable and immovable …Read More »
Can a foreigner set up a Kirana (Grocery) Store in Bangalore?
As a kid, I was under the impression that all foreigners are rich. The myth was busted when I came to know that over 36% of the world population live in extreme poverty! So, a poor foreigner, say, an African or a British (not so financially sound) may find it …Read More »
Can a fast-food restaurant employ a foreigner as a waiter or cashier?
Interesting question, isn’t it? Why are we not finding a Chinese, a British, or an African as a waiter or a cashier or a laborer in India? To enter India, a foreigner has to possess two important documents, Passport and Visa. Passport is issued by their home country and Visa …Read More »