GST is touted as one of the biggest tax reforms of independent India. In my opinion, GST is in fact "The biggest tax reform". GST is 101st Constitutional Amendment Act. Before GST, the State and Centre Govt. were levying separate taxes i.e. taxation powers were demarcated. For example, Service Tax was levied by the Centre Govt. and the VAT was levied by the State Govt. The Goods and Services Tax allow State and Centre Govt. to levy the unified tax. All the state and Centre Govt. taxes like excise duty, VAT, Service Tax, entertainment tax, entry tax, sales tax etc are merged into one i.e. ... Read More
Social Media Accounts – 7 Reasons Why I Deleted Personal Accounts
Social Media Accounts are both blessing and a curse. I still remember one of my first social media accounts was with Orkut. I was quite excited with a thought of being connected with my friends, family members, and acquaintances. Similar to a mobile phone, these days there is a common chatter to take a break/holiday from Social Media. I think one of the reasons is that we are over-connected now. There is no official count available on no of social media networking sites. My personal observation is that on an average an individual has 5-6 active social media accounts. Trust me if you are truly ... Read More
Utility Bills – How The Customer Is Cheated and Pay Higher Amount
A few months back there was an interesting study published in one of the business newspapers. It was related to how much an Indian household spends under various heads like Education, Grocery, Transport, Mobile, Utility Bills like Electricity, Water, Gas etc. As expected, Grocery was No 1 with 34% share followed by the transport at 15%. Quite surprisingly, utility bills ranked no 3 with 12% money spent. After reading this study, i calculated my household expenditure under each category. It was more or less matching with the study except for utility bills. My utility bills were contributing ... Read More
5 Tips to Save Time from Daily Routine
One of most common complaints these days is that "i don't have a time". This post is my contribution on how to save time from your daily routine. To save time is an art not everyone can master the same. Time is Money, and Everyone has 24 hours during the day. To save time means better productivity. It depends on individual to individual how they utilize 24 hours. The world's richest person also has 24 hours so as the poor person in the world. If we adjust sleeping time and other daily routines, then we are left with approx 14 hours during the day. In last few years, i could not find someone ... Read More
Can you rely on your job?
Can you rely on your job? i posed this question to one of my clients. We were discussing the job stability part for Home Loan planning. Based on my experience with my clients, I receive "NO" as an answer from 8 out of 10 clients in their 30's. The ratio is much better for clients in 20's. 70% of the young workforce is assured of their job stability. One of the reason is that young workforce is lower down the corporate ladder and at much lower salary therefore Job Stability is very much assured. As i mention in my previous posts related to the career that an employee is on the radar of an ... Read More
5 Benefits of Gold Monetization Scheme
Recently GOI released the draft of Gold Monetization Scheme. The general public can share their views on draft Gold Monetization Scheme on or before 2nd June, 2015. As usual my financial planner friends passed their verdict on the Gold Monetization Scheme even before it is launched. In fact, some of them also suggested whether to invest in this scheme or not. Whereas other passed judgement whether the scheme will be a success or a failure. My dear friends forgot that Govt has only released the draft of Gold Monetization Scheme. Based on the inputs from the general public, banks and all other ... Read More
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