Chart on BRIC's Highest Personal Income Tax!

Source: http://www.equitymaster.com/5MinWrapUp/detail.asp?date=10/01/2011&story=1&title=Do-you-invest-on-the-basis-of-AAA-rating

Benjamin Franklin famously quoted that "in this world, nothing is certain but death and taxes." This statement is definitely true for most emerging markets. Today's chart of the day shows the personal income tax rates (at the highest bracket) for countries in the BRICS (Brazil, Russia, India, China, and South Africa) nations. Out of these only Russia is spared, having a flat tax rate of 13% applicable to domestic residents. In India, the highest tax bracket kicks off at Rs 0.8 m, and the maximum income tax rate on income is 30.9%, including an education cess of 3%. In China, the highest income tax rate is a whopping 45%. Both India and China pay taxes at a rate, well above their Asian peers. In the Asian region, the average rate remains at just over 23%.

Data source: KPMG Survey, 2011
*includes educational cess of 3%

News about Realty Sector!

The realty sector never fails to surprise us. Or rather shock us. Take today's chart of the day for instance. It highlights the demand supply scenario in the affordable housing space in the five major cities of India. As shown, the demand far outstrips the supply for affordable housing. This state of affairs should certainly raise questions about why developers seem to ignore the opportunity that is present in plain sight and instead, opt to build premium projects. If a leading daily is to be believed, it has to do with the cost of the land and the long gestation periods that affordable housing projects usually take. Little wonder, the sector is in a state of complete mess as the safe haven for developers during a slowdown has hardly been a viable undertaking.

Source: http://www.equitymaster.com/5MinWrapUp/detail.asp?date=09/28/2011&story=1&title=World-faces-a-more-serious-problem-than-high-debt

An interesting article about Mr. PV Narasimha Rao, the powerful Prime Minister

http://news.rediff.com/column/2009/dec/30/why-the-congress-cannot-erase-narasimha-rao.htm

he was one of the most decisive leaders this nation has seen. On all crucial issues, he took decisions that have continued to shape India's rise over the last two decades. Manmohan Singh [ Images ] is touted as the father of Indian economic reforms but as Singh has himself acknowledged it was Rao was fathered the process. Singh was an economic technocrat with little understanding of the political constraints. It was Rao who shielded Singh from the Left of his own party who had left no stone unturned in opposing the economic liberalisation programme.

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HDFC Home/Personal Loan EMI Calculator

Pls check the Loan EMI Calculator from HDFC:

http://www.hdfc.com/applications/calc_emi.asp

Thanks,
Kathiravan Manoharan
http://kathyravan.blogspot.com
http://emails-funny.blogspot.com
http://paisamechanic.blogspot.com

Increase of Expense in owning a Car!

A leading daily carried out an interesting study. It was to establish how expensive it is to own a car in the wake of increasing fuel prices as well as higher interest rates. For the purpose of the study, the daily studied the cost of owning a Maruti Alto that gives fuel efficiency of 14km /liter and is run for 5 years with 12,000 km each year. The study showed that cost of owning and driving such a vehicle has gone up by nearly 14.3% since May 2010, when the Reserve Bank of India aggressively started increasing interest rates. Combine this with higher fuel prices as well as increasing prices of the car itself, it is little wonder why demand for cars has seen a slowdown in recent times. In fact, the Automobile Association expects demand for cars to slowdown even during the otherwise robust fes tive season.

Data source: Economic times Thanks,
Kathiravan Manoharan
http://kathyravan.blogspot.com
http://emails-funny.blogspot.com
http://paisamechanic.blogspot.com

11 Cars for Every 1000 Indians

Interesting Facts about Indian Car Industry:

• There are just 11 cars on the road for every 1,000 Indians, according to a Deloitte report, compared with 511 in the U.K. and 22 in China. (Imagine the traffic if it doubled to beat china or half close to UK's)

• A total of 350,000 cars will be exported from India this year, 30% more than were exported in 2008.

• Currently, the auto sector accounts less than 1% of India's gross domestic product, says Majeed, compared with 3.5% in China and 4.5% for the world as a whole. Economists say the automaking could account for 10% of India's GDP by 2016.

Read more: http://www.time.com/time/world/article/0,8599,1949084,00.html#ixzz1XG93Plxs