SEBI has brought in new norms which would reduce the burden of margin on brokers at the time of high volatility in markets. SEBI has introduced the new norms on July 27 for comprehensive risk management system in the equity markets in cash segment.
July 29, 2009
July 28, 2009
ICICI Banks “New Terms” Get Hold Of Credit Card Defaulters At Salary Source
ICICI bank is going forward with a tool to empower them which allows to collect defaulters credit card payments from the employer. Its a situation were the employees would not be able to get a hold nor object with the deduction of the default payment dues at source. The move which is now made by ICICI would be backed by the rest of the banks. This is stated with the new clause stated in the terms and conditions. There is no law which bars a bank from such a move, the move is expect to effect only the people who make defaults with their credit card payment.
July 23, 2009
Things That You Should Take Care Off While Filing Your Income Tax Return
July 31 is fast approaching and its the time for tax payers to file IT- returns, Its compulsory for any person to file whose gross total income exceeds the basic exemption limit. This year the exception limit has been increased see ” New Income Tax Rates and Slabs”. You should file your return even if you do not have to pay any tax and even if your employer has paid yours in advance. We can discuss some of the things that you should keep in mind before filing the returns to avoid confusions.
The first thing would be to identify the sources of income you are having, its classified under different heads under like income from salary, income from house or property, income from business or profession, income from capital gains, and income from other sources. Just make sure that you have not missed out any income leads.
Some basic documents like Form No 16 (issued by employer) – This form details the income from salary and tax deducted by the employer. All bank accounts summary for the year which would make sure that the total money earned and spend without missing out any expenses or incomes that you have come through your way. Tax paid details during the year which for some needs to be paid as advance.
Income of a minor child is to be included even if its a small amount (bank interest). Now you have scanned your sources and now you can compute your tax liability for the year, if you know how to work that out you can do the calculation or get the help of a CA, or tax expert. Its an important step as calculating a wrong computation can increase your future troubles. Once you have the details corrected at par its time that you should pick the correct form which is based on the nature of your income earned.
Make sure that you provide all your details correctly in the form that is meant fro you. Your name, address, bank account numbers, bank’s MICR code, importantly your PAN number, Its too important for persons who have a tax refund and for others too. If you quote it wrongly the tax law has option to fine you.
Recheck that you have claimed all tax deductions that you are eligible like Section 80C, 80G. Its important that you should quote other income like dividend received and receipt of PF balance on the IT form or it can bring in future trouble. If you are getting your forms to claim a loss to carry forward the same can be done only if you have filed by the due date, if it does not happen by the due date you would not be able to carry forward for future set off.
After all done the next job would be to file it on the correct time. For salaried people and those earning income from interest the due date is July 31,2009. The return can be filed electronically or in print form. Make sure that you see “How to file your Taxes”
July 31 is fast approaching and its the time for tax payers to file IT- returns, Its compulsory for any person to file whose gross total income exceeds the basic exemption limit. This year the exception limit has been increased see ” New Income Tax Rates and Slabs“. You should file your return even if you do not have to pay any tax and even if your employer has paid yours in advance. We can discuss some of the things that you should keep in mind before filing the returns to avoid confusions.
Zero Balance Deamt Accounts In Three Months
SEBI is working on to ensure that the brokers would make sure that the “zero balance” on their client’s trading account, the aim of it would be to prevent misuse of the client’s funds by brokers. The balance cash at the clients account should be given back to the client by way of a cheque with a grace period of one week.
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July 19, 2009
July 16, 2009
How To Calculate Your Risk Appetite
Investing in shares shows a persons risk appetite. There is no specific formula to define the quantity of risk taken. But there are some factors that influence the investor. If the investor is riding his luck and getting high returns on high risk stocks he will invest all his assets and no one can prevent him from doing so. At the same time a person who has invested and lost a fortune during the downslide will be more comfortable with a low yielding fixed deposit in a nationalised bank.
Risk appetite mainly comprises of factors such as income level, ones ability to handle stress, previous experience, percentage of money invested compared to wealth, social factors, age and dependants, health factor and finally personality. These unquantifiable factors which vary in uncorrelated manner make it difficult to estimate ones risk appetite.
Risk profile which is totally different from risk appetite can be estimated with high accuracy. The preferred rule of thumb is cent percent of your savings should be in equity. To be on the safer side it can be 80% making a provision of 20% for other expenses in the future. If you have pension then percentage for investment can still be increased.
Since risk profile can give you a percentage exposure to high, medium and low risk asset classes but does not take into account your risk appetite, the best way to arrive at a personal asset allocation is to ascertain one’s risk profile and then increase or decrease it based on personal preferences.
The most important part about determining one’s risk profile is investing according to it, re-balancing to keep within the boundaries and above all resolving not to get distracted by the outside world.
Investing in shares shows a persons risk appetite. There is no specific formula to define the quantity of risk taken. But there are some factors that influence the investor. If the investor is riding his luck and getting high returns on high risk stocks he will invest all his assets and no one can prevent him from doing so. At the same time a person who has invested and lost a fortune during the downslide will be more comfortable with a low yielding fixed deposit in a nationalised bank.
July 15, 2009
Raj Oil Mills Ltd . IPO. Analysis
| Raj Oil Mills Ltd. 224 – 230, Bellasis Road, Mumbai, Maharashtra – 400008 Phone: 23021996 – 98 Fax: 23015605 |
Issue Opens :20 Jul 2009
Issue Closes : 23 Jul 2009
Price : Rs.100-120
Listed @ BSE , NCDEX
| Public Issue of 95,00,000 Equity Shares of Rs.10 each (Equity shares) for cash at a price of Rs.[*] per Equity share, including a Share Premium of Rs.[*] per equity Share, aggregating Rs.[*] Crores (The issue). The issue would consitute 26.38% of the fully dilluted Post-issue paid up capital of our company.Price Band : Rs.[100] to Rs.[120] per equity share of face value Rs.10/-eachThe face value of the equity shares is Rs.10The floor price is [10] times the face value and the cap price is [12] times the face value |
July 13, 2009
Online share and stock trading in India
Indian share and stock trading largely throws light upon diverse online firms or companies as compiled in the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE). They are real-time stock market quotes that excites share traders investing money in buying shares or offload their holdings by offering the last traded rate of a company’s shares and the ratio (called P/E ratio) existing between percentage change and earnings as well. The P/E ratio serves vital role in fueling Indian stocks trading.
July 9, 2009
Excel Infoways Ltd IPO
Excel Infoways Ltd . IPO
Public issue of 56,67,000 Equity Shares of Rs.10 each for cash at a price of Rs.[*] per equiy share (including a share Premium of Rs.[*] per Equity Share) aggregating Rs.[*] Crores (Hereinafter referred to as the Issue) by Excel Infoways Ld (The Company or Issuer or EIL). The issue will constitute 26.93% of the fully diluted post issue paid up Capital of the company.Price Band: Rs. 80 to Rs. 85 per Equity Shares of Face Value Rs.10/- eachThe Issue price is 8.0 times the fave value at the Lower end of the Price band and 8.5 times the face value at the higher end of the price band.
July 6, 2009
Key Features of Budget 2009-2010
CHALLENGES
! to lead economy to high GDP growth rate of 9 per cent per annum at the earliest
! to deepen and broaden the agenda for inclusive development
! to improve delivery mechanisms of the government.
OVERVIEW OF THE ECONOMY
! Growth rate of Gross Domestic Product dipped from an average of over 9 per cent
in the previous three fiscal years to 6.7 per cent during 2008-09.
! Whole sale price index rose to nearly 13 per cent in August, 2008 and had an
equally sharp fall to zero per cent in March, 2009.
! The structure of India’s economy changed over the last ten years with contribution
of the services sector to GDP at well over 50 per cent and share of merchandise
trade doubling to 38.9 per cent of GDP in 2008-09.
! Recognising economic recovery and growth as co-operative effort of the Central
and State Governments, meeting with Finance Ministers of States held as part of
preparation of the Budget. This is intended to become an annual feature.
TOWARDS ECONOMIC REVIVAL
Short-term Measures
! To counter the negative fallout of the global slowdown on the Indian economy,
Government responded by providing three focused fiscal stimulus packages in the
form of tax relief and increased expenditure on public projects along with RBI
taking a number of monetary easing and liquidity enhancing measures.
! Fiscal accommodation led to an increase in fiscal deficit from 2.7 per cent in
2007-08 to 6.2 per cent of GDP in 2008-09.
! The fiscal stimulus at 3.5 per cent of GDP at current market prices for 2008-09
amounts to Rs.1,86,000 crore.
! Measures taken by the Government were effective in arresting the fall in GDP
growth rate in 2008-09. 6.7 per cent growth rate recorded in 2008-09.
Infrastructure Development
! IIFCL to evolve a Takeout financing scheme in consultation with banks to facilitate
incremental lending to infrastructure sector.
Key Features of Budget 2009-10
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