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Paradox of thrift: Why a high savings rate is bad for the economy?

by Dr Vikram Venkateswaran on February 7, 2012 |

High savings rate-001

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 …

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How Google earned USD 37.9 Bln in 2011 [Infographic]

by Arun Prabhudesai
image

Google announced its earnings last Thursday, and markets termed it as “disappointing” – Do you know what the disappointing figure was ?? It was whopping USD 37.9 Billion Dollars! Google has host of different products and services that we use every day including their search, Gmail, Google+, Google Apps and many others. However, …

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Vodafone wins $2.5 bln Tax case – Hutchison deal stands ‘bonafide’ !

by Viral Dholakia
vodafone-logo

It was an Indian business valued at $11 billion – and a lawsuit that involved Vodafone Group Plc.’s acquisition of 67% stake in Hutchison Essar from Hutchison Telecommunications International Ltd. that took place in Cayman Islands way back in 2007. While the Income Tax department claimed taxes on the grounds of the transaction being …

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5 great Ideas to Make Money out of your knowledge, skills and expertise!

by Kaushambi
make money-001

If you thought that your ability to make money was only limited to the scope of your degree certificate, you couldn’t be more wrong. Especially in an era when ‘Googling’ a query is more reliable than asking a friend! Take advantage of these massive technological leaps and a global audience by starting to make money [...]

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5 Indian Banks having their own iPhone/Android Apps!

by Kaushambi
ICICI Bank App

Apps of most Indian banks are still in an evolving stage. While some are compatible on Android, many are not yet geared for the iPhone platform and many major nationalized Indian banks still haven’t come out with mobile banking applications at all. Most features offered on apps of Indian banks remain fairly standard. Here’s a [...]

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RBI hints at sobering pay packages of foreign bank executives !

by Viral Dholakia
rupees1

The contentious issue of CEO salary and compensation to the senior executives across organizations has often spurred adverse reactions from the general public at large. A glaring example of this differential approach was witnessed during the 2008-recession; prior to which people wowed every record-breaking salary hike announced for the corporate honchos. However, post-recession, every …

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Pay your Maharashtra Govt dues Online [Duties, taxes, excise, etc]

by Viral Dholakia
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The Maharashtra government is going full throttle the online way. While online VAT payment is mandatory since more than a year now, the state government has moved a step forward to ensure that all types of tolls, taxes and statutory fines are paid online to plug loopholes in the system. In latest, the …

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India remains most challenging country for Expats!

by Arun Prabhudesai
experience

There is no doubt that India is one of the toughest countries to live for expats – and the recently released Expat Explorer survey conducted by HSBC reveals exactly that. Among the 31 countries surveyed, expats have ranked India as the toughest country to live based on their experience of about 30 different parameters. The [...]

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Foreign Investors allowed to directly invest in Indian Equity Markets!

by Arun Prabhudesai
BSE-001

2011 was not a very Happy year for investors in Indian Stock Markets – Indian as well as international investors lost money to the tune of lakh’s of crore rupees. Benchmark Index lost over 20% from the start of the year. This year though, Government is taking steps to turn around – The …

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Marketing Budgets – How they are Allocated & Measured

by Dr Vikram Venkateswaran
budgets-001

Budgets are always a tricky issue. And when it comes to marketing, budget allocation becomes even more difficult. Most firms struggle to justify the return on Investment (ROI) on a marketing spend. Then how are budgets allocated? Firstly there is a general rule of thumb. Most firms allocate 1-2% of the …

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Yes Bank hikes Savings deposit rate to 7% – Has your bank obliged?

by Viral Dholakia
bankinterestrates thumb Savings Bank Deposits to fetch more Interest rates now!

Since the RBI deregulated savings bank deposit rates in October 2011, Yes Bank took the lead to shore up its portfolio with low-cost savings deposits by offering 6 percent interest rate, prompted by its lowest savings bank to total deposit ratio in the industry. Other smaller banks like IndusInd Bank, Karnataka Bank and Sarawsat …

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Top 10 Bollywood films of 2011 [Commercial Success]

by Kaushambi
RA-One

Yearly countdown lists are incomplete without Bollywood coming into the picture. A first of sorts on Trak.in, this list takes a look at the top Bollywood films of 2011 purely from the commercial point of view, in no particular order. [Note: We have taken approx. gross earnings figures from Wikipedia, as they are the most [...]

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Failed ATM Transactions – What you should know!

by guest
ATM transactions

Raghu: “Today is just not a good day for me” said Raghu in an angry tone. Which caught Nitin’s attention from away from his computer? Nitin: “What happened Raghu, never seen you so stressed.” Raghu: “Dude I just went to the ATM and withdrew Rs 5,000 only I don’t know what happened because …

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Rupees 54.20 – That’s what you get now for every American dollar!

by Viral Dholakia
Rupee

Where sentiment is beaten down and monies are at stake, negative news feeds on itself – be it stock market rumors or speculation on currency fluctuations. When rupee was quoting at 47 per dollar couple of months back, analysts had projected a target of 50 for the Indian currency. Few weeks back, just as …

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