Month: March 2013
Below are all the posts archived for the month.
Weekend Links: March 29 2013
in Links
Let’s start this week with a Business Standard editorial that examines the causes that have led to our big current account deficit, and also why it is a cause of  worry for us. BusinessWeek has a great article on how Samsung became the world’s number 1 smart phone manufacturer. The situation in Cyprus is not
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Bad News All Around: All time high Current Account Deficit
in Economy
RBI released numbers on India’s Balance of Payments for Oct – Dec 2012 today (Read: What is Balance of Payments?) and I think the release is  full of bad news. The headline grabbing number was the record high CAD (Current Account Deficit) which was 6.7% of GDP for the quarter, and a detailed look at
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A brief summary of the events in Cyprus
in Economy
I’ve been fascinated by the events in Cyprus during the last 10 days or so and since I’ve been busier than usual during that time, they are also the only events I’m following. When I first read about Cyprus’ 6.75% tax on all bank deposits, and 9.75% tax on deposits of more than 100,000 Euros,
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Lok Sabha Party Seats in India
in Economy
The market crashed 288 points today as the DMK withdrew their support for the current UPA government and reminded people how fragile a coalition government can be, and indicated that the government will probably need to spend the time till the next election in managing the coalition and not the economy. I wanted to see
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Weekend Links March 15 2013
in Links
I was really disappointed to read that Google will be shutting down its Google Reader service as it will affect me in a big way as a user and a blogger. I use Google Reader multiple times a day, and over a thousand people use OneMint’s feed on their Google Reader. This also points in
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Section 80EE: New section In budget to allow increased housing loan deduction
in Tax
This article is written by Aashish Ramchand, a Chartered Accountant by profession. Aashish is the co-founder of makemyreturns.com. He also has completed his CFA Level I (American) and is very passionate about writing articles on taxes and tax advisory. He can be reached at connect@makemyreturns.com A new section has been introduced in the income tax act i.e.
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Details on the Rs. 2,000 Tax Credit
in Tax
A tax credit was announced in the latest budget where anyone making less than Rs. 5 lakhs would get a tax credit of Rs. 2,000. It wasn’t very clear to me what this means as a credit can imply that the government credits Rs. 2,000 in the bank accounts of all the assesses who are eligible for
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Weekend links March 8 2013
in Links
In a little bit of hurry, so will keep this short. Regulator gives NPS funds managers quiet nod to invest directly in stocks: LiveMint has an important story on how changes are being made to the NPS structure correctly. I’ll have a full post on this sometime in the coming week. China’s growth: a bountiful half
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FundsIndia to give a 1 gm gold coin to 5 lucky women
in Announcements
From looking at comments and email exchanges of regular readers, I’ve always had a feeling that the ratio of women to men reading OneMint is higher when compared to other blogs. I don’t have any stats to prove this, and I don’t know if this is just perception or reality, but it certainly did surprise
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Budgetonomics Review
in Books
Deepak Shenoy and Dheeraj Singh have teamed up to write a short ebook on the recent budget called Budgetonomics: Demystifying Budget 2013, and the result is great! It is short at 40 pages, and it took me less than ten minutes to breeze through the ebook yesterday. It costs Rs. 99 or $2 and was
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