February 23, 2012
In the last 6 months, apart from regular tweets, their wasn’t much to update. As the economy grows, it creates an affluent class of people – Businessmen, Professionals, etc. The disposable money these affluent class a.k.a HNIs will have is mind boggling. They first celebrate and satiate their lifestyle by zipping past in cars, then dream home and now the surplus finds its way in Art and other collectibles. Philately [Collection of Stamps] and Numismatics [Collection of Coins] is a hobby for many but it has opened the doors for investments as well. Today we will touch upon Numismatics as an investment.
As you all know we are conservative in Read more
February 22, 2012
Multi Commodity Exchange (MCX), is the largest commodity exchange in India with 80% market share and 5th largest commodities exchange in the world is offering shares for sale by existing investors to comply with the regulatory requirements.
MCX Core Business – MCX offers trading in 49 commodity futures including bullion, ferrous and non-ferrous Read more
623,384 Property Deals + 2.7 Million Cash Transactions – Black Money Under Income Tax Special Scanner
February 12, 2012
Repeated Requests to the Finance Ministry to have PAN Cards Mandatory for ALL Property Transactions has been answered partly. The Indian Income Tax Department launched aggressive drive to collect information on 623,384 persons involved in High Valued Property Transactions across India in FY 2009-10 and FY 2010-11. Each of these individuals have transacted over Rs 30 Lakh and the field Agents of the Income Tax Department have done a commendable job by collecting data Read more