In your interest.
Online Personal Finance Magazine
No beating about the bush.
The world economy is in turmoil and various countries are adopting different strategies to contain the damage. While some countries are ‘leading’ by coming up with innovative ideas, others are blindly ‘following’ in their footsteps. Our finance minister could consider this innovative idea – a three-year or a five-year tax holiday for individuals on short-term capital gains on listed stocks...
The market has been clobbered by massive waves of institutional selling. Over the previous few issues, we had mentioned 13,400, 12,500 and 9,800 as possible weekly support levels. None of these held. The totally unexpected precipitous slide to the current level of about 8,500 has taken us completely by surprise. In exactly six weeks, the Sensex has fallen by over 5,000 points – from the 13,100...
That there are only two defaults on CRISIL’s long-term credit ratings (both manufacturing entities) in the first six months of 2008-09 probably paints too optimistic a picture. The finance minister admitted that forex derivative losses were a massive Rs27,300 crore but pose no systemic risk. But is this the full extent of losses or are companies still hiding their loans to promoters’ private...