Tuesday, March 4, 2008
Friday, February 29, 2008
Car, Bikes Cheaply avail....
In an unexpected bounty for the automobile industry, finance minister P Chidambaram today slashed excise duties for small cars, two and three wheeler vehicles...
In an unexpected bounty for the automobile industry, finance minister P Chidambaram today slashed excise duties for small cars, two and three wheeler vehicles and also on chasis for buses from 16 to 12 per cent. While duties on buses and two wheelers were expected to be reduced, the cut on small cars took everybody by surprise. However, differences within the industry resurfaced as excise duties on big cars saw a reduction by only 2 per cent (24 to 22) courtesy the 2 per cent cut on CENVAT and the difference in duty structure between the two segments has become even more pronounced.
“It is a very positive budget for us and there is a definite thrust for small cars and two wheelers. It also addresses the issue of public transportation and the excise duty cut in buses is welcome,” said Society for Indian Automobile Manufacturers director general Dilip Chenoy.
www.indstocks.com
In an unexpected bounty for the automobile industry, finance minister P Chidambaram today slashed excise duties for small cars, two and three wheeler vehicles and also on chasis for buses from 16 to 12 per cent. While duties on buses and two wheelers were expected to be reduced, the cut on small cars took everybody by surprise. However, differences within the industry resurfaced as excise duties on big cars saw a reduction by only 2 per cent (24 to 22) courtesy the 2 per cent cut on CENVAT and the difference in duty structure between the two segments has become even more pronounced.
“It is a very positive budget for us and there is a definite thrust for small cars and two wheelers. It also addresses the issue of public transportation and the excise duty cut in buses is welcome,” said Society for Indian Automobile Manufacturers director general Dilip Chenoy.
www.indstocks.com
Gift for Elders...
In an effort to bring financial relief to senior citizens, Budget 2008-09 has doused all contention regarding the reverse mortgage loan...
In an effort to bring financial relief to senior citizens, Budget 2008-09 has doused all contention regarding the reverse mortgage loan, which is meant to provide a regular income to senior citizens by mortgaging house property. As per the Budget the income arising out of the scheme will not be considered as income for tax purpose and hence will not attract any income tax. “So far we have not heard of any reverse mortgage scheme being sold primarily because the tax treatment was not clear. With clarity coming through we should see more of these products hitting the market,” said Ameet Patel, partner, Sudit K Parekh and co, a chartered accountant firm.
The Budget also extended the benefit of Section 80C to two instruments — Senior Citizens Savings Scheme and the five-year Post Office Time Deposit Account. However, the benefits of Section 80C will come into effect only from April 1, 2007, i.e., from financial year 2007-08.
Senior Citizens Savings Scheme is a five-year scheme that offers a return of 9 per cent payable quarterly. However, it comes with an investment cap of Rs 15 lakh. This investment qualifies for tax deduction up to Rs 1 lakh under Section 80C. The account can be extended by three more years. Post Office Time Deposit however ranges from 1-5 years. It is on the five year term that qualifies for a tax deduction and it offers a rate of 7.5 per cent. “The investor should maximise the Senior Citizen Savings Scheme since it offers nine per cent and in now under 80C. However, post office time deposit are not the best product going as of now. An individual would be better off through fixed deposit by the banks that come under Section 80C.”
www.indstocks.com
In an effort to bring financial relief to senior citizens, Budget 2008-09 has doused all contention regarding the reverse mortgage loan, which is meant to provide a regular income to senior citizens by mortgaging house property. As per the Budget the income arising out of the scheme will not be considered as income for tax purpose and hence will not attract any income tax. “So far we have not heard of any reverse mortgage scheme being sold primarily because the tax treatment was not clear. With clarity coming through we should see more of these products hitting the market,” said Ameet Patel, partner, Sudit K Parekh and co, a chartered accountant firm.
The Budget also extended the benefit of Section 80C to two instruments — Senior Citizens Savings Scheme and the five-year Post Office Time Deposit Account. However, the benefits of Section 80C will come into effect only from April 1, 2007, i.e., from financial year 2007-08.
Senior Citizens Savings Scheme is a five-year scheme that offers a return of 9 per cent payable quarterly. However, it comes with an investment cap of Rs 15 lakh. This investment qualifies for tax deduction up to Rs 1 lakh under Section 80C. The account can be extended by three more years. Post Office Time Deposit however ranges from 1-5 years. It is on the five year term that qualifies for a tax deduction and it offers a rate of 7.5 per cent. “The investor should maximise the Senior Citizen Savings Scheme since it offers nine per cent and in now under 80C. However, post office time deposit are not the best product going as of now. An individual would be better off through fixed deposit by the banks that come under Section 80C.”
www.indstocks.com
Monday, February 25, 2008
Oscars: Top Ten Pip Dressed Women
There may have been many stunning moments on the Oscar Red Carpet but for every stunning moment there has been one which has taken our breath away - and NOT in admiration!
We now take a look at some of the worst Oscar fashion moments in the last decade and some of them are not for the faint of heart।
1999 Demi Moore
Fashion Crime: Designing her own dress.
Demi Moore in 1999 wearing her OWN creation- well she may be a talented actress, but talented designer - we don't think so.
1990 Kim Basinger
Fashion Crime: Wearing half a collar
We don't think any designer wanted to lend their name to this hideous creation.
1992 Geena Davis
Fashion Crime: Ruffles
She's got a gorgeous figure and lovely long legs - which she insists on hiding with ruffles.
1999 Rene Zellweger
Fashion Crime: Purple people eater
Rene may be a style icon now, but she certainly wasn't one here. She was wearing this hideous purple creation.
1999 Celine Dion
Fashion Crime: A backwards tux
There are wonderful ways a woman can wear a tuxedo, but a backwards John Galliano jacket and a fedora is not the way to go.
2000 Tyra Banks
Fashion Crime: Too much taffeta
We thought supermodels were supposed to have style but Tyra Banks showed that even models can get it wrong sometimes.
2000 Angelina Jolie
Fashion Crime: Too much goth
She is one of the most beautiful women in the world, but here she looks more like a member of the Adams Family.
2001 Kate Hudson
Fashion Crime: Poodle hair and a fringe
Goldie Hawn's daughter is sunshine personified but this was a pretty dark day for Kate - dressed like a grandmother rather than the young nubile starlet she is, we have to wonder what Kate was thinking.
2001 Bjork
Fashion Crime: Dressed as a swan
Bjork's swan dress is a staple on 'worst dressed' lists everywhere. To make matters worse, she even came with an egg by her side.
2004 Uma Thurman
Fashion Crime: Too much going on
She is an absolutely stunning woman, but this look with the strange ruffles and belt - a Christian LaCroix white, blue and gold billowy concoction would definitely have killed Bill।
www.indstocks.com
Petrol and diesel prices hiked
Despite stiff resistance from its allies, the UPA govt has decided to increase petrol and diesel prices. Starting midnight on Thursday (February 14, 2008) petrol will cost Rs 2 more per litre and diesel will be dearer by a rupee per litre.
The fuel price hike was on the cards since October 2007, when international crude oil prices touched a record high. However, political compulsions repeatedly delayed the decision. On Thursday (Feb 14) the Cabinet Committee on Political Affairs -- chaired by the Prime Minister -- finally gave its green signal.
Oil prices have been volatile through the year and have been hovering around $91 a barrel this week। This has put major pressure on public sector oil companies. With this hike, oil companies will now benefit by Rs 840 crores. On an annual basis the companies will benefit upto Rs 6000 crores. The oil bond prices will increase from 42% to 52%.
www.indstocks.com
The fuel price hike was on the cards since October 2007, when international crude oil prices touched a record high. However, political compulsions repeatedly delayed the decision. On Thursday (Feb 14) the Cabinet Committee on Political Affairs -- chaired by the Prime Minister -- finally gave its green signal.
Oil prices have been volatile through the year and have been hovering around $91 a barrel this week। This has put major pressure on public sector oil companies. With this hike, oil companies will now benefit by Rs 840 crores. On an annual basis the companies will benefit upto Rs 6000 crores. The oil bond prices will increase from 42% to 52%.
www.indstocks.com
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