Month: January 2011
Below are all the posts archived for the month.
Why can’t a country print money and get rich?
in Economy
This is another post from the Suggest a Topic page, and while the original comment had a lot of questions about the overall functioning of an economy, I thought I’d take one question from it, and try and answer that in a post. Why can’t a country print money and become rich? A lot of
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Thank you and please verify your contest entry
in Opinion
Please verify your contest entry, and thanks for participating The contest here has come to an end, and I wanted to compile a list and publish on the site, so that everyone can verify that their name has been entered, and counted correctly as well. Here is a table that shows all names. Please look
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This is a good time to think about risk
in Opinion
I’ve seen a lot of people compare the returns from fixed deposits, or bonds to shares in the past few days, and more than anything else this shows that people have been lulled into forgetting how sharply the markets can fall. Before you say that the average return from a diversified equity mutual fund in
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Happy Republic Day
in Opinion
I want to wish all of you a happy Republic Day, and hope you’re having a good day today. I didn’t plan to do this post, but then I stumbled across this video at Digital Inspiration, and it gave me the goosebumps! This is something very special.
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Can a holiday package be claimed for LTA exemption?
in Tax
I got this question in a comment the other day, and I phoned up my CA friend to ask about this. He told me that a holiday package can be claimed for LTA exemption, but the only thing to keep in mind is that LTA exemption is for spouse, dependent children, dependent brothers or sisters
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How to unsubscribe, and links
in Links
Some time during the last week OneMint crossed 5,000 subscribers, and I’m really happy about that. However, at the same time – I realize that some of you don’t read the email newsletter, and simply delete it every day, and would like to unsubscribe. If you want to unsubscribe, simply reply to this email asking
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Enter the giveaway, double your chances, and verify your entry
in Opinion
I wish I could write catchy headlines, but I can’t, and this is all I’d like you to do. Enter the contest if you haven’t already Double your chances, if you haven’t already Please verify that I have your entry marked correctly Read on to see how. Enter the give – away to win a
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Reader Question: Tax Saving Fixed Deposit or Infrastructure Bond
in Investments
Kunal still has some way to go before he reaches his 1 lakh limit, and he left a comment about comparing a tax saver fixed deposit with the 80CCF infrastructure bond, and which one works out better. I responded to that question, and since I’m a bit lazy today I thought I’d use that response
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Tax Saver Fixed Deposits with High Interest Rates
in Fixed Deposits
Updated on Jan 2nd 2013. I updated my tax saver fixed deposits page today, and I thought I’d create a separate page to record some of the better paying interest rates on these tax saving FDs. With that in mind, here is a list with some of the best interest rates on fixed deposits that
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If it’s too good to be true, it probably is
in Opinion
Last week a reader emailed me letting me know about a call he received from someone with a Delhi phone number. The caller claimed to be with a big financial institution and said that they have a scheme going which works as follows: Invest Rs. 50,000 upfront, and get a 5 gram gold coin free.
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Number of income tax payers in India and US
in Economy
Business Standard has an article today about how salaried individuals may be spared from filing tax returns. It says that the Income Tax department is contemplating a proposal to make filing taxes exempt for salaried taxpayers who don’t have any other source of income. So, a salaried individual will of course pay taxes, but won’t
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LIC Infrastructure bonds may not come out this year
in Investments
Reader Rakesh emailed me with a link to a Moneycontrol story about how LIC may not come out with an infrastructure bond issue by 31st March this year. LIC is one of the institutions that’s approved to issue infrastructure bonds under Section 80CCF, and there were some news reports earlier that said they would come
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