It was in the year 200x that you took a Rs. 40,00,000 housing loan. Now 5 years later you are very comfortable with the Rs. 40,000 per month EMI that you are paying. You and your wife find that you can easily increase the EMI to Rs. 50,000 without a sweat. Should you increase the […]
The government keeps talking about Inflation Indexed bonds – we are not clear when it will come. We have no clue as to how it will be structured in India. However this is how it should work if they do a cut and paste from the US – TIPS is the US product. Principally this […]
I did not know whether to say what every graduate should know or what every doctor, mba, ca, engineer should know. It is what my view is about what every kid coming into the job market should know: 1.The Gross salary that a company offers to pay you and the net salary that you get […]
Subramoney was the only blog which did not have a view on the most important media event of the day at 11am. So I decided to write my views (at 8 pm Wednesday) on PC’s budget to be presented on Thursday…here it is. It is the only post (I challenge you) to have such a […]
Many people may not have heard this. Of course many would have heard this, but may not know what it means…so here it goes! When you earn a certain amount of money – all of that does not come to you. Some of it goes off as profession tax, income tax, insurance, provident fund….etc. […]
Today all websites tell you that you are just not competent to manage your own money. This is followed by a corollary saying ‘therefore you NEED a financial planner’. Be that as it may, assuming you have a financial planner, what are the questions that you should be ASKING him….and then hope that he answers […]
India is a savings country. It suits the government very well. Most Indians keep the money in banks, national savings certificates, Kvp. Of course to ‘save’ Income tax they put the money in LIC. When the government gets cheap money it is happy. Of course these days it needs the equity market also has to […]