Robert Kiyosaki Quotes Part1

I would like to share through Saving Sunday series from this week, some of the inspiring quotes from notable key personalities in the areas of Finance, Personal Money Management, Financial Planning & Business.

Robert Kiyosaki Quotes

Today let us start with inspirational quotes from Robert T. Kiyosaki. Just an introduction about him, Robert Kiyosaki is a world renowned financial literacy activist, motivational speaker and self help author of New York Times Bestsellers: Rich Dad Poor Dad, Rich Dad's CASH FLOW Quadrant and Rich Dad's Guide to Investing;






Below are the five inspirational quotes from Robert T. Kiyosaki Part 1 that will transform your life towards creating money & wealth:

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Modi's Launch of Make in India initiative

The Prime Minister Mr. Narendra Modi launched his "Make in India" initiative to boost manufacturing sector on Thursday 25th September 2014 at Vigyan Bhawan in New Delhi in presence of 500 top corporate CEOs across the world.

The "Make in India" campaign program includes initiatives to facilitate investment, protect intellectual property and build best-in-class manufacturing infrastructure.

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Personal Income Tax Slab & Benefits:Budget 2014-15

Budget 2014-2015: Taxpayers have some reason to smile… 

The following is the gist of most important announcements presented by the Finance Minister Mr. Arun Jaitley in his maiden Budget speech on Thursday 10th Jul 2014:

 # Tax Rate is not changed compared to last budget 2013-14 (i.e., 0% as minimum, 10%,20% and 30% as maximum slab rate is maintained)

# Personal Income Tax exemption limit is increased by Rs 50,000/- (from Rs. 2 Lacs to 2.5 Lacs) for individual taxpayers below the age of 60 years irrespective of men or women. The individual tax exemption limit of Rs 2.5 lac has no gender segregation.

# Personal Income Tax exemption limit is raised by Rs 50,000/- (from Rs. 2.5 Lacs to 3 Lacs) also for individual senior citizens in the range of 60 to 80 years of age.

# As a big push towards to small savings among people, Investment limit under Section 80C instruments has been increased from Rs 1 Lac to Rs 1.5 Lacs which will encourage long term savings among people. This will result in a savings of Rs 5,000 per year for individuals.

# Public Provident Fund (PPF) deposit limit has also been increased to Rs 1.5 Lacs per annum from Rs. 1 Lac per annum.

# To revitalize investments into realty sector, the cap on interest on home loan with respect to self occupied house property has been raised from Rs 1.5 Lacs to Rs 2 Lacs.

# Proposal to reintroduce Kisan Vikas Patra (KVP) which was discontinued from Dec 2011 was one of the major encouragement towards long term saving habits;

# A special National Savings Certificate scheme for parents with the objective of saving for the purpose of education and marriage of the girl child was announced;

# Tax benefits to continue in the Rajiv Gandhi Equity Savings Scheme (RGESS) under section 80CCG which can be claimed as tax benefit for a period of three years;

# Skill India, a national multi skill school program to be launched to develop, train the skills of the youth towards employability and entrepreneur skills;

The below table will compare the tax slab for Individual Tax Payers with previous budget of 2013-14 and current budget of 2014-15:

Individual Income Tax Slab 2014-2015 comparison with 2013-2014

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What's gone up and down: Union Budget 2014-2015

The Finance Minister of India, Arun Jaitley presented his maiden Union Budget 2014-2015 on Thursday 10th Jul 2014.

Following is a brief list which will display which product/item gets costlier or cheaper (what goes up and what goes down) according to current tax proposals at budget 2014-2015:

What goes up (Achche Din) 

# Cigarettes / Cigars

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Modi's mantra: top 10 priority agenda in 100 days

Prime Minister Modi has listed out his mantra of top 10 priorities to be kept in mind by all new cabinet ministers for their first 100 Days agenda; 

The 10 point agenda for first 100 days is listed out here: 

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India Election Results 2014

Modi, the next Prime Minister

As a turn around in the history of Indian Politics, a non-Congress government has pulled off a stunning landslide victory for the first time as a single majority Government;

Yes it is BJP who have made historic win in the Lok Sabha Election Result 2014 released on 16th May 2014 with 52% of MPs out of 543; And BJP allies have made it up to 10% of MPs

As default, History has proved that who wins Uttarpradesh (U.P) constituency will be the Government who rules India; It is now again proved that BJP who has won 71 seats out of 73 seats in U.P will be the Government of India who rules the country;

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RBI extends deadline for exchanging Pre-2005 currency notes to Jan 2015

The Apex Bank of India (RBI) on Monday 3rd Mar 2014 announced that they are extending further nine (9) months from existing deadline of Apr 2014 for exchanging bank notes issued prior to 2005 which don't have year printed on the reverse side of the currency note.

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Pepsi IPL T20 2014 Schedule

The seventh edition of the Indian Premier League (Pepsi IPL 2014), the biggest cricket event kick starts today 16th Apr 2014 at Abu Dhabi and continued in India after Election till 1st Jun 2014 ;

To make sure you don’t miss it, here is the Pepsi IPL T20 2014 schedule for refreshing your mind to earn more money in coming days…

Update: Excel file can be downloaded to save in your desktop to see the Pepsi IPL T20 2014 Schedule @ 

http://downloads.ziddu.com/download/23717045/Pepsi-IPL-2014-Schedule.xlsx.html

http://downloads.ziddu.com/download/23717046/IPL-2014-Schedule.jpg.html

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Highlights of Interim Budget 2014-15

On Monday 17th Feb 2014,  Finance Minister P Chidambaram presented the Interim Budget for the year 2014 in Parliament focusing mainly on indirect tax, expenditure details & achievement of UPA Government in these 10 years tenure;

Here is  the list of major highlights pertaining to Indian Interim Budget 2014-2015:

1) The fiscal deficit for 2013-14 has been contained at 4.6 percent (below the red line of 4.8 percent) and the revenue deficit stood at 3.3 percent.
2) Eight (8) National Investment and Manufacturing Zones (NIMZ) have been announced along Delhi Mumbai Industrial Corridor (DMIC). Nine (9) Projects had been approved by the DMIC trust.
3) Three (3) more Industrial Corridors connecting Chennai and Bengaluru, Amritsar and Kolkata
& Bengaluru and Mumbai are under different stages of preparatory works.

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RBI withdraws currency issued prior 2005



India withdraws old currency notes issued before 2005

The Reserve Bank of India (Central Bank) advised all banks on Wednesday 22nd Jan 2014 that Currency notes which was issued before 2005 will be completely withdrawn from circulation after 31st March, 2014.

This move by the country's central bank is seen as an attempt to control the circulation of "Black Money" that has not been declared for tax as income.

A Notification from RBI says that “From 1st April, 2014, the public (Customers & Non- Customers) are required to approach banks for exchanging these notes which was printed before 2005".

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Financial Current Affairs 2013

Economics Current Affairs 2013

To kick start the New Year 2014, first let us know the important financial & economic events happened in last year 2013.

Below are the snapshot / list which shows the Datewise / Monthwise Financial, Economic, Banking, Stock Market related Current Affairs which held during 2013

1^st Jan 2013 Mr. Rajiv Kumar Goyal was appointed as the Executive Director of Central Bank of India, succeeding R K Dubey.

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New Year Wishes 2014

Season's Greetings & Continual Improvement for 2014!

Hello Bloggers,

Please take some of your precious time to read this, sorry for being lengthy on New Year Wishes.

New Year always starts with celebration and enjoyment; I feel it is the time for appreciating ourselves and our near and dear ones for the accomplishments made in the last year. It also gives us an opportunity to plan for the coming year in terms of personally and professionally.

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