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Naukary

It is not just the metros, where people are turning to the new trend. Even Tier-2, 3 and 4 towns are warming up to the concept of consumer durables and contributing to growth.

This week has begun on a negative note, in spite of the broader analyst consensus of a possible rally. The decline came as a surprise to many who have been tuning in to the ‘noise’ prevailing in the markets. Things look better on the global front, when Indian markets were shut, with Citigroup CEO Vikram Pandit revealing the beleaguered bank’s good numbers and US Federal Reserve chairman Ben S Bernanke’s call for a complete revamp of the US financial system.

Low dependence on foreign flows will give the country a unique advantage. A major development in our country post 1991 has been liberalisation of the financial sector, especially that of capital markets. Our country today has one of the most prominent and followed stock exchanges in the world.

Yet another fall in inflation figures was announced on Thursday March 12, 2009. In August last year inflation hit 12.63%, the highest in 16 years. On Thursday, the figure stood at 2.43%. Inflation fell for the sixth consecutive week. Prices of food items like pulses, dairy products and edible oil softened further in the last week of February

Last week we examined a simple yet effective tax planning tool. By way of a background, when the provisions of Sec. 56 (relating to tax on gifts) and the basic exemption limit below which income is tax-free are used in conjunction with each other, there emerges an immense potential to earn tax-free income.

Query 1: Dear Sir please let us know (i) Whether Service Tax is required to be paid on Buying Commission paid to foreign agent located in abroa

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” Warren Buffet

I have a question regarding the provisions of Deemed Ownership of House property.

Query 1: We are running a transport company since last 10 years.

One should look at Life Cycle Financial Planning as opposed to the plain vanilla type financial planning generally advocated.

Other Rubrics

Sep.9th,2008: JMC to recruit retd engineers for big projects
Sep.9th,2008: I SAY
Sep.9th,2008: 49 per cent engineering seats still vacant ?
Sep.9th,2008: Self-sustaining
Sep.9th,2008: QUALITY JUSTICE
Sep.9th,2008: CULTURAL GAP
Sep.9th,2008: Singur’s message
Sep.9th,2008: Tatas see red, not to start work at Singur
Sep.9th,2008: 4 MRs charred to death as van catches fire in mishap
Sep.9th,2008: India has got its legs tied: RSS chief