One of the most significant revolutionary impact over the last two decades are Innovation of "Cryptocurrencies", as many experts have predicted, Cryptocurrencies are the future of Financial Transactions which will impact Financial Industry a lot.
Thursday, August 24, 2017
Sunday, September 28, 2014
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.
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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| Robert Kiyosaki Quotes |
Below are the five inspirational quotes from Robert T. Kiyosaki Part 1 that will transform your life towards creating money & wealth:
Friday, September 26, 2014
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.
The "Make in India" campaign program includes initiatives to facilitate investment, protect intellectual property and build best-in-class manufacturing infrastructure.
Wednesday, July 23, 2014
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:
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:
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| Individual Income Tax Slab 2014-2015 comparison with 2013-2014 |
Friday, July 11, 2014
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
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
Friday, May 30, 2014
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:
The 10 point agenda for first 100 days is listed out here:
Friday, May 23, 2014
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;
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;
Thursday, April 24, 2014
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.
Wednesday, April 16, 2014
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
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
Wednesday, February 19, 2014
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.
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.
Monday, January 27, 2014
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".
Sunday, January 5, 2014
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
1st Jan 2013 Mr. Rajiv Kumar Goyal was appointed
as the Executive Director of Central Bank of India, succeeding R K Dubey.
Wednesday, January 1, 2014
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.
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.
Wednesday, December 18, 2013
25 NDTV Greatest Global Living Indian Legends
To commemorate the 25th Anniversary of NDTV, 25 Greatest
Living Indian Legends Globally renowned were felicitated by NDTV & TCS with
Living Legend awards for the famous
personalities in their respective fields of Business, Social Work, Sports,
Entertainment, Science, Art & Literature.
Sunday, December 1, 2013
Subramoneyplanning.blogspot.com to Subramoneyplanning.com
Announcing Blog to Website
After 2 years stint on the Blogspot publishing platform, I have finally decided for moving to a newer publishing .com platform/domain.
As you all know there is a quote from Heraclitus that "The Only Thing that is Constant is Change";
According to this quote,
After 2 years stint on the Blogspot publishing platform, I have finally decided for moving to a newer publishing .com platform/domain.
As you all know there is a quote from Heraclitus that "The Only Thing that is Constant is Change";
According to this quote,
Friday, February 1, 2013
Prepayment of Home Loans Penalty Charges
Owning a Home or Property is the most predominant dream and goal of any middle class or salaried people;
But due to long tenure of repayment of home loans & high interest amounts, many individuals don't want to wrongly commit & make unnecessary decision
In relief to existing home loan borrowers & those willing to become home loan borrowers, RBI has announced abolishment of
Sunday, July 15, 2012
Crossing of Cheque - Kinds
Cheque
are usually crossed as a measure of safety. The act of drawing two parallel
cross lines on the face of the cheque is called crossing of cheque. The
crossing distinguishes cheques from other bills of exchange. The object of
general crossing is to direct the drawee banker to pay the amount of cheque
only to a banker, to prevent the payment of the cheque being made to wrong
person.
Saturday, July 7, 2012
Features of a Cheque
As we
know that Cheques are reliable, convenient, and widely accepted by businesses
(although proper identification may be required). There so many features of a Cheque.
The
following are the important features of a cheque:
# It is an negotiable instrument in
writing. It may be hand written by ink or typed or printed but writing in pencil
is not allowed.
# No stipulatory conditions should be
there (i.e., an unconditional order)
# A Cheque must be drawn on specified
bankers only. A cheque contains
the name of the bank and place of the
branch.
Sunday, July 1, 2012
Forms / Types of Cheque
A Cheque
(in India) or Check (in US) is a piece of paper that authorizes a bank to take
a certain amount of money from your account and pay that amount to another
person or business, or to you as cash.
Forms of Cheque
There
are two types of Cheque. They are 1) Open Cheque and 2) Crossed Cheque.
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| Forms / Types of Cheque |
Sunday, June 24, 2012
What is a Cheque: Meaning & its Definition
As
per section 6 of Negotiable Instruments Act 1881, “A Cheque is a bill of
exchange drawn on a specified banker and not expressed to be payable otherwise
than on demand”. Thus it is an instrument in writing containing an
unconditional order signed by the writer / maker directing a specified banker
to pay on demand, a certain sum of money, or to the particular person or to the bearer of the
instrument.
Sunday, June 17, 2012
Top 10 MNC CEOs: 2012
The Economic
Times, in partnership with IMRB International has announced top ten powerful
MNC CEOs for the year 2012 who are developing and reshaping Multinational Companies
/ Corporates in India.
Below is a list of
the top 10 most powerful MNC CEOs for the year 2012:
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| Top 10 most Powerful MNC CEOs 2012 |
Thursday, June 14, 2012
20 Most Powerful CEOs: India 2012
Top 20 most Performing CEOs in India
The CEO is the top most position in the management level of an organization. He is the decision
maker and is highly responsible person for
the Company's growth and development.
Sunday, June 10, 2012
Avoiding Cigarettes, Alcohol can Save Money: Saving Sundays
Giving up expensive habits like cigarettes,
alcohol, and drugs will lead to saving more money for you. Those habits will
reduce money outflow which provides no benefits in return. Work hard to kick out
these habits slowly and you’ll find that money flow will increase
instead of burning up.
If you quit smoking/alcohol at your 20’s, your body
is likely to fully recover as still you are youth. Quitting in your 30’s will
increase your chances of starting a healthy family life. If you quit at 40 it
is not too late to benefit from your life insurance premiums.
Every time you think about
alcohol, cigarette or drug, just say “NO” to it, & take the money you saved
and keep it in a separate box.
Sunday, May 27, 2012
Different Kinds of Banks
Do you need to
know what would be various Kinds / Types of Banks i.e., Different Number of Banks available in Banking Industry in India? Just
proceed further to know about it...
1. Saving Banks
Saving banks was
founded to be a secure place for salaried people and low income groups to save
money for a rainy day. Saving banks were established to encourage saving habit
among the people to earn more money. At present, Post offices & Commercial
banks act as the saving banks.
2. Commercial
Banks
A commercial
bank is a financial institution organized as a joint stock company that
operates for earning profit. Commercial banks are established with an objective
to help businesses to develop economy. These banks collect money from general
public as deposits and give loans to different sectors of economy that are in
need of money.
Thursday, May 24, 2012
Characteristics / Features of a Bank
From
the Definition of Banking mentioned in earlier post, the Characteristics /
Features of a Bank may be listed as follows:
1.
Dealing in Money
Bank
is a business activity which deals with other people's money i.e. getting money
from depositors and lending the same to borrowers.
2. Banking
Business
A bank
is a financial institution which does banking activities of selling financial
services like home loans, business loans, lockers, fixed deposit etc., In order
to enable people to confirm that it is a bank and is dealing in money, for easy
identification, a bank should add the word "bank" as its last name.
