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707 ArticlesEconomy

70 / 71

Dollar Rises and FIIs Sell

So the dollar has risen like crazy. From 39.9 a couple weeks back, to 42.5 today. And getting stronger. Is this FII profit booking? Heavy dollar buying by ...

Banks and Corporates fight it out over derivatives. Banks will lose either way.

From Bloomberg: Jasmin Mehta says that when he told salesmen from ICICI Bank Ltd. he didn’t understand currency derivatives, they chauffeured him to a ...

CRR Hike And Rupee Woes

With today’s inflation figures coming out and a 7.14% inflation, RBI’s response has been to hike the Cash Reserve Ratio by 0.5% to 8% now. The CRR ...

Currency Futures May Be Here Soon

From Mint: The government could soon allow exchange-traded futures contracts on the rupee-dollar exchange rate in an effort to provide companies with a ...

Black Money Cushioning Real Estate

Swaminathan writes: But Indian borrowers do not walk away from their homes — and loans — if prices dip. This is because a large proportion, often half, of ...

Budget 2008 Raises Your Salary. Find out How Much.

So I’ve been doing a lot of Javascript coding (ignore that if it sounds like greek) so here is my latest application, made on a whim on Saturday night ...

Budget 2008: Short Term Cap Gains Up, Service Tax Extras and Relief

Short Term Capital Gains Tax up to 15% The FM has rationalised this by saying it needs to be equal to dividend distribution tax, and to promote longer term ...

Budget 2008: Income Tax Slabs Changed

Update: Click here to find out how much you save on tax in 2008. compared to 2007. Just finished the Budget speech. Income tax slabs have been changed. Upto ...

Chidambaram Asks Banks To Lower Rates

The Finance Minister, P. Chidambaram, asked banks to reduce interest rates by 0.5% (both lending and deposit rates). This may signal a change of stance by the ...

Budget Amendments 2007: FBT on ESOPs clarified, cement spared

Budget 2007 has new amendments:. The finance minister has announced a change in the ESOP FBT concept – now the FBT will: a) be levied on the date of ...