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Budget 2014: Tax Exemptions and Concessions – How Much the Government Loses, to Help Tax-payers Gain

To continue from where we left off with the Statement of Foregone Revenue, let’s now look at how companies have availed tax sops at different levels. Note: ...

Your Friendly Neighbourhood Loan Waiver Moral Hazard is Here.

It’s incredible what kind of idiocy passes for politics in the country. In 2008-09, the UPA government threw a huge sop to farmers, telling them their unpaid ...

BNP Paribas Fined $8.9 Billion for Illegal Money Deals

A brilliant story by Jessica Silver-Greenberg and Ben Protess at the NYT, on how a grieving father of a daughter who died in a suicide bombing attack in Gaza, ...

Monsoon Rainfall At End June Show Third Worst Year in the Last 100

Rainfall in India is now 43% less than normal, which at the end of June is the third worst in the last 100 years. Source: IMD Pune. The orange dots depict ...

Capital Mind Housing Index: Indian Property Prices Grew Just 3.7% in JFM 2014, Many Cities Go Negative

Capital Mind’s All India Housing Index, based on the NHB Residex, shows an anaemic 3.7% growth over the earlier year. While prices continue to tick upward, ...

Sugar Import Duty Hike: It’s Only Positive For Millers

India raises sugar import duty to 40% from the old 15%.  In addition the government will continue to pay Rs. 3,300 per tonne of export till September as a ...

Links: PlanCom Dies, CEO WhistleBlows, Airlines Lose and Jignesh Shah….Knows

One of the best news this weekend: The Potential End of the Planning Commission. The concept of “Plan” expenditure, Centralized Planning for all states, ...

How Bad Is The Monsoon Really?

They say the monsoon isn’t all that great this year. So how bad is it? Till the 18th we see rainfall being deficient, and here’s the breakup by state: Over ...

4% Up and Down Days on the Nifty – We Just Saw The Quietest 5 Years on Record

On the last post about 4% down days, A great point from @VetriSmv who says “You should re-do this incorporating 4% days (up&down days)”. At your ...

China Produces More Cement Than…The Rest of the World, Added Up.

China’s the kind of giant that will overwhelm all statisticians. They have produced more steel than the next 10 countries in the world, added up. (Yes, ...