Indian rupee has been free falling against the US Dollar for a while and yesterday it touched a new all time low of 55.39 rupees against the American dollar. Whilst there have been recent reports about how the Indian economy is pegged to grow at 7.5% in 2012, depreciation
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Bharti Airtel has partnered with Axis Bank to use combined forces of telecom and banking to offer financial inclusion (FI) to thousands of Indians who still don’t have any access to banking. Called Airtel Money Super Account powered by Axis Bank, the mobile platform will be powered by Airtel
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Mobile Banking has really caught up in India – according to recently conducted survey by ACI Worldwide, 76% of Indian mobile respondents used their mobiles for banking in last 6 months. This percentage is highest across the world. Comparatively, only 38% respondents from US, and 31% from UK used
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Do you know how many Indians pay Taxes and how much? You would be surprised with some of the numbers. According to the report released by Indian Finance Ministry, estimated number of taxpayers for financial year 2011-12 stands at just 3.24 Crore people. That means, less than 3 people
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If you are an IT professional and in midst of a change of job or an appraisal, this report may be very beneficial for you. ZDNet Asia conducted an online survey between March 2011 and March 2012 to find salary packages of IT professionals from India. The study findings
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Did you know that Goa has the highest per capita income in India and on the other hand Uttar Pradesh has the lowest! Ok, if you are confused about what Per Capita income is – here is a short and simple answer. Per capita income is a unit to
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The end of the financial year is upon us and fervent calls to chartered accountants and tax planners are bound to me made. If you want to avoid calling your accountant for knowing a few quick answers, put your Android smartphone to good use and download some of these
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The 2nd largest private bank in India today announced the launch of its mobile payment service that allows its customers to make payments through their mobile phones using their debit / credit card registered with the bank. Movida, a mobile payment joint venture between Monitise and Visa, will provide
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While India has been struggling with double digit Inflation for past 3-4 years, it still boasts some of the cheapest cities in the world. Within India, Mumbai & Delhi are some of the most expensive cities to reside in, primarily due to the sky-high real estate prices that these
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Let me ask you three questions. Question 1: Do you have high savings? Question 2: Do you save at the expense of putting off critical purchases? Question 3: Do you think that is good for the economy? Well if the answer to the questions is yes, yes and yes,
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