FINANCE

Buying ULIP’s? First Read this…

June 7, 2007

Unit Linked Insurance Plans are good options for those who look out for the returns with the insurance. ULIPs offer fairly good returns over a period of time as all investments give returns if the holding period is long. For a layman, the source of knowledge of these Insurance plans can be advertisements, personal contacts. [...]

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6 good reasons to invest in SIPs

June 6, 2007

Investment in SIPs are now a days considered safe. As the Mutual funds cater the needs of every kind of investor : be it aggressive or conservative. Also, a thought of portfolio can generate even better returns than that of Investing in Equities only..Let’s see how investment in SIP is better than investing in Equity, [...]

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Call rate slips down further to 1.25%

June 4, 2007

The overnight inter-bank call money rate fell to 1.25 per cent at the close of trading in the money market today, down from yesterday’s low of 4 per cent. The rate is being pushed close to its low of 1 per cent, touched earlier this month, by a flush of liquidity caused by redemption of [...]

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Foreign tax haven base for infra SPVs

June 4, 2007

The proposed offshore special purpose vehicles (SPV) for funding infrastructure projects, that will utilise a part of the country’s $200-billion foreign exchange reserves, are likely to be set up in a tax haven. The Netherlands, Cyprus and Singapore are among the locations that may be considered once a decision to set up the SPVs is [...]

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No tax sops for port-turned SEZs

June 4, 2007

The government will not provide any fiscal benefits, duty concessions and exemptions to material needed for operation and maintenance of existing ports converted to SEZs. This forms a part of the latest guidelines for port-based SEZs. It would initially be applicable to existing port-based SEZ facilities like Gujarat`s Adani Port, Balaji Infra Projects in Raigad [...]

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Telecom operators urge Centre to replace all taxes with 6% single levy

June 4, 2007

Telecom operators have urged the Department of Telecom to bring down all levies imposed by the Central Government on the operators to six per cent of their annual revenues. In a meeting with the Department of Telecom, both GSM and CDMA operators gave a joint presentation highlighting the huge burden on the industry.This comes even [...]

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