tag:blogger.com,1999:blog-45196630710358160112012-01-18T09:37:02.908+05:30To express my views on saving and investment,literature,travel and social problems facing the world.My effort would be to find out a decent world where everyone can breathe normally.Baroowah's Brave Bloghttp://www.blogger.com/profile/08597191766059344069noreply@blogger.comBlogger1441100tag:blogger.com,1999:blog-4519663071035816011.post-32182314313088428902011-12-01T10:01:00.001+05:302011-12-01T10:03:44.010+05:30

The demise of Dr. Indira Goswami alias Mamoni Roisam Goswami was a great loss to the world of letters. Mamoni was the lone writer from Assam who was known throughout India and abroad. She was acclaimed as most powerful writer by critic and common people of India alike. Once while visiting backwater of Kerala, the boatman who drove me around asked me if I belong to the land of Ms Goswami. Such was

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. “Music is the highest art, and to those who understand, is the highest worship” Swami VivekanandaLOOKING BACK THE LEGACY: The departure of Bhupenda created a void in the world of music, culture and human warmth. But greatest loss would be to the value for which he

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Dr. Amrit Baruah, a former Associate Professor at Yell university and Chairman of the department of public Administration etc of Maryland State University and one of the best -known social scientist based in Baltimore, U.S.A. once told it was good to provide a fish meal to a hungry person but it is far too important to teach the hungry persons as to how fish could be caught for their

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Since equity plans not doing very well over the last years people are seeking alternative avenues for investment now. Most people are investing their money in Fixed deposits of Banks and in Fixed Maturity Plans. In investment horizon there are many plans to invest our money in the market.. There are equity fund, index funds, debt fund, ELSS and fixed maturity funds beside fixed deposit of Banks

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I am not aware of any country, except perhaps Arab world, where pension received by a retiree is free of income tax. Enormous tax benefit are available while contributing to a fund. But all senior citizens of western countries pay Income tax when they receive their pension amount monthly or weekly. Of course citizens of those countries receive social security which our citizens do not receive.

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Despite great optimism of Government of India for achieving country’s 8.5% growth rates it is now apparent that it would be an impossible target to achieve. Many professional economists, including foreign banks, feel that the growth rate will rather come down to 8%. as inflation and high cost of borrowing would impact production. The finance Minister’s expectation of 9% growth, within three

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Warren Buffet’s visit to India generated spectacular enthusiasm and created sensation. Not only Indian investors but also Indian industrialists, Media, investors, teachers and students have made a beeline to listen to his advice. But Buffet himself has said that he has not come here to teach Indian. They are not required to be taught. Indian is one of the most intelligent groups of the world.

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The new ULIP scheme is an excellent product provided insured have a goal or objectives in front of him . The new ULIP could be a sought after product for Children’s education, marriage of daughter or to create wealth for initial down payment for home loan. It is neither a pure investment nor a pure insurance product worthy for middle class. Many readers of AT asked whether it would be prudent

Baroowah's Brave Bloghttp://www.blogger.com/profile/08597191766059344069noreply@blogger.com4tag:blogger.com,1999:blog-4519663071035816011.post-77848979756275093122011-03-17T13:22:00.002+05:302011-03-17T13:23:28.948+05:30

It is a fact that Northeast is a land of earthquake. Our population hav to learn to live with it like Japanese and Californian have learnt. We have experienced earthquake every year . The most of those earth quake are smaller magnitude . Yet Northeast has experienced two great earthquakes in the year 1897 and in the year 1950. These two earthquakes were amongst the most violent earthquakes in

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Nobody can live under the sun without making provisions for food, shelter and cloth. For human being to provide for above provisions money is necessary .Even monks need money for sustenance. The great prophet like Ramakrishna Paramhangsha once said that no proper worship would be possible with empty stomach. To keep feedings one’s own self human beings would need money even when they stop earning

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We have grown up in an atmosphere of command economy. During our younger days all the important decision of our life were taken by our parents. What would we be when we grow up was also decided by our parent The decision of whether we should take Arts, Commerce or Science was also taken by our parents. Whether a young boy would be a Doctor or Advocate or IAS officer was really dependent on

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One of the most decisive acts of the Government in recent years on Economic front is to introduce the new WPI. Many critics felt that the Government is taking up the project just to keep away from the embarrassment of high rate of inflation .But this is not really true. The old system was getting tired with changing habits of consumers. The government has revamped the way it calculates

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The new year has brought lots of hope for everybody. Yet it most market specialists predicted a dormant year for the investor.Should middle class invest or not? It is a big question and we must address the issue with lot of foresight. According to me none should invest this year if they are investing only for two to three years. in case they ar prepared to keep the money aside for at least five

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All investors are not always literate. Even a postgraduate in science, technology and arts may not be well versed in saving and investment. Before starting investment everyone must know where not to invest and where you must invest. Investment is a personal requirements depending on the goals of life. Beside investing in debt instrument it become imperative to invest some money in equity to beat

Baroowah's Brave Bloghttp://www.blogger.com/profile/08597191766059344069noreply@blogger.com0tag:blogger.com,1999:blog-4519663071035816011.post-58158274304327135012011-03-16T22:06:00.001+05:302011-03-16T22:08:15.551+05:30

The expectations that there will be changes in the taxation avenues and their slabs, in the recent budget , have not been met. The Union Budget 2011-12 has given a marginal benefit on the tax slab for individuals. However, unexpectedly the benefits for very senior citizens are much higher.The basic slab for income tax has been proposed to be raised to Rs 1.8 lakh (Rs 180,000) from the current Rs

Baroowah's Brave Bloghttp://www.blogger.com/profile/08597191766059344069noreply@blogger.com0tag:blogger.com,1999:blog-4519663071035816011.post-7010286763684099562011-03-16T21:42:00.001+05:302011-03-16T21:44:10.077+05:30

The Gold at present rules the monetary system of the world only indirectly. All the countries though depend on the deposit of gold in their vault to produce legal tender required by them yet pure gold standard is almost obsolete now.. The world has abandoned the gold standard in favour of so-called "paper money," and only a diminishing group on the far right continues to call for its return.

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There is a strong possibility that the rising inflation may destabilize socio-political situation of the country sooner than later. Soaring onion and other vegetables’ prices led to a sharp rise in inflation at 18.32 per cent for the week ended December 25, a development that may prompt the Reserve Bank to tighten monetary policy to check further escalation in commodity costs.Food inflation

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While the Finance Ministry gives the final touches to the country's biggest financial planning exercise, people in general are anguish over the government's inability to tackle inflation, bring back black money banked overseas and keep fiscal deficit in check. The Finance Minister no doubt has a tough job on hand to bring down inflation, curtail the rising fiscal deficit and at the same time

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India, is facing the highest food inflation in six months. Economist now recommends that Government should build up strategic stockpiles of staples to cool prices, in medium term. What should be done in short term? The Governor of RBI, D. Subba Rao has categorically stated on 25th January that monetary policy is not that effective when it comes to inflation driven by supply side factors as is

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It is now apparent that from 2011 the growth rate of Indian Economy would be 9% ( 8.75% plus or minus .35% ) or more. The contribution of such higher growth rate would be possible due better development of scientific Agricultural reform and not only by arrival timely monsoon.. The agriculture growth is going to be doubled in a few years provided scientific reforms measures are taken up in

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India, is facing the highest food inflation in six months. Economist now recommends that Government should build up strategic stockpiles of staples to cool prices, in medium term. What should be done in short term? Prime Minister Man Mohan Singh’s government, is under pressure to curb costs of vegetables such as onions, a key ingredient in local cuisine, must build reserves of cooking oils,

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There is a strong possibility that the rising inflation may destabilize socio-political situation of the country sooner than later. Soaring onion and other vegetables’ prices led to a sharp rise in inflation at 18.32 per cent for the week ended December 25, a development that may prompt the Reserve Bank to tighten monetary policy to check further escalation in commodity costs.Food inflation

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Thirty years ago, I was told by Jagdish Phukan, all time great Assamese Entrepreneur cum visionary writer,’ had Amrit been staying back in Assam the state would have transformed into a most livable place in the country’. The remark of Phukan was a personal assessment on his great friend who has been forgotten by most Assamese by now ! The conversation veered round our state when I escorted ,in

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The sensex went below Twenty thousand mark again on 20th October,2010. People have become apprehensive of the market behaviour. But to us it is a very significant sign.During September,after a long time, most middle class investors were smiling.The smile vanished as soon as the market hit the 19,995 mark after Durga Puja . The share market did touch twenty thousand mark during September

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Gold is powerful asset from time immemorial. Even the world’s monetary system revolves around the Gold. The Gold standard has been the key for devising the monetary system of the world. The currency of individual country revolves around the Gold Standard. Yet Gold is not the best asset class though generally it is considered as the safe bet. In last 20 years the best asset class has been art

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Country's largest lender State Bank of India's first retail bond issue of Rs. 1,000 crore was subscribed over 17 times on the opening day, showing enthused participation from investors. Many of our readers have enquired whether it would be prudent to subscribe to the bonds as it is a long term saving proposal.We would like to reassure our readers that the bond issue of SBI is one of the finest

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With the introduction of Direct Tax Code a new tax regime would start from 2012. Uptill now new tax proposal were submitted to parliament every year at the time presentation of Budget. This would not be required now since that would be taken car of by Taxation Cod. The Direct Tax code is a valuable document of the country IPC or Cr. P. C. The government does not have to change it every year. It

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With the introduction of Direct Tax Code a new tax regime would start from 2012. Uptill now new tax proposal were submitted to parliament every year at the time presentation of Budget. This would not be required now since that would be taken car of by Taxation Cod. The Direct Tax code is a valuable document of the country IPC or Cr. P. C. The government does not have to change it every year. It

Baroowah's Brave Bloghttp://www.blogger.com/profile/08597191766059344069noreply@blogger.com0tag:blogger.com,1999:blog-4519663071035816011.post-70210812793415030802010-09-17T12:11:00.000+05:302010-09-17T12:13:37.410+05:30

WHETHER MORE BANKS OR GREATER BANKING PENETRATION IS REQUIRED IN INDIA G.P.BAROOWAHAs declared earlier by government of India Reserve bank of India recently initiated action during the first week of August preparing to issue fresh licenses to set up new banks in private sector.The RBI issued a discussion paper, seeking views of stakeholders on various issues

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One of the most decisive acts of the Government in recent years on Economic front is to introduce the new WPI. Many critics felt that the Government is taking up the project just to keep away from the embarrassment of high rate of inflation .But this is not really true. The old system was getting tired with changing habits of consumers. The government has revamped the way it calculates

Baroowah's Brave Bloghttp://www.blogger.com/profile/08597191766059344069noreply@blogger.com0tag:blogger.com,1999:blog-4519663071035816011.post-35000768697778462292010-09-17T12:07:00.000+05:302010-09-17T12:08:25.431+05:30

The former Federal Reserve Chairman Allan Greenspan of USA recently reiterated that India has potential for the robust economic growth and thereby change the face of the world provided it takes up the agriculture reform in proper perspective. It is the productivity of the Farmland sector that has to be enhanced first, he felt. In a state like Assam which is endowed with great water resources

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After along time most middle class investors are smiling again. The flood gates of telephone calls have started pouring in from our readers. “What should I do? I have doubled the amount. Should I redeem it or keep the money invested”? My reply to young investors was to stay invested if they do not want the money for next four years. There would be correction but again the market would go up. For

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As expected by us in our earlier article the Reserve Bank of India today raised its key short-term lending rate by 25 basis points and borrowing rate by 50 basis points to check rising prices. “Inflation remains the dominant concern in macroeconomic management”, RBI said while raising the repo (lending) and reverse repo (borrowing) rates to 6 per cent and 5 per cent, respectively. It is good that

Baroowah's Brave Bloghttp://www.blogger.com/profile/08597191766059344069noreply@blogger.com0tag:blogger.com,1999:blog-4519663071035816011.post-65663259761479334322010-09-05T14:15:00.002+05:302010-09-05T14:17:41.076+05:30

The inflation is the greatest worry of the country now. We are though sure that inflation is bound to come down by year end yet it would require both monetary measures as well as fiscal and administrative measures on regular basis. The food inflation has again soared up during the second week of August. This has naturally upset government of India. At present the food inflation index is hovering

Baroowah's Brave Bloghttp://www.blogger.com/profile/08597191766059344069noreply@blogger.com1tag:blogger.com,1999:blog-4519663071035816011.post-57638896383853028272010-08-05T21:33:00.000+05:302010-08-05T21:34:14.856+05:30

The second revised draft tax code is ready and it was unveiled recently for discussions and to get feed back so that it can be introduced in Parliament during the ensuing Monsoon session of Parliament by present Finance Minister, Pranab Mukherjee. The biggest relief, as per the revised draft, is that PPF and Bank FD will be tax free. The First draft envisaged taxes on both these items. The

Baroowah's Brave Bloghttp://www.blogger.com/profile/08597191766059344069noreply@blogger.com0tag:blogger.com,1999:blog-4519663071035816011.post-6219328418237389052010-08-05T21:29:00.001+05:302010-08-05T21:30:31.637+05:30

It has now been decided that genuine altered cheques would continue to be accepted in Northeast beyond First July 2010. The new provision of RBI would be applicable only after the image-based cheque truncation system (CTS) is introduced here. At present, the cheque truncation project is being run only in the Delhi area with Chennai expected to move on stream soon. The circular of RBI issued

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The Ulips were in the news for last six months over its control on market based returns. Two regulatory authorities i.e. IRDA and SEBI fought bitterly over its control. As predicated Finance Ministry stepped in and control was given to IRDA exclusively. But the revised guidelines on unit-linked insurance products (Ulips) by the Insurance Regulatory Development Authority (IRDA) made exit an

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The revised draft tax code has stipulated that though the pension to be received by individual, interest to be received from PPF and dividend paid out of equity or mutual funds would be free of income tax yet the capital gains would be taxed at the same rate of the income tax from individual tax payer. That means capital gain tax will be realized at 10%,20% and 30% as the case may be. At present

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"It has now been decided that genuine altered cheques would continue to be accepted in Northeast beyond First July 2010. The new provision of RBI would be applicable only after the image-based cheque truncation system (CTS) is introduced here. At present, the cheque truncation project is being run only in the Delhi area with Chennai expected to move on stream soon. The circular of RBI issued

Baroowah's Brave Bloghttp://www.blogger.com/profile/08597191766059344069noreply@blogger.com0tag:blogger.com,1999:blog-4519663071035816011.post-14653531589071815522010-06-30T22:08:00.001+05:302010-06-30T22:10:11.917+05:30

“Give me a white man whose blood is whiteGive me a Black man whose blood is blackYou would get whatever you wantIf you can give me in return”(Jonab Fakir of Bangladesh)The song reverberated from the voice of Dr. Bhupen Hazarika of Assam long before Dr. Martin Luther King was assassinated in America. Dr. Hazarika was a true disciple of the great Saint Sankardeva of Assam and was later influenced

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The Economic Growth for next decade is for emerging economies and for markets of the developing world. The BRICK countries (Brazil,Russia, India and China) are front runners in this march of Economic Growth. After recession of 2008 India, China and Brazil have recovered faster than America and European Countries. It is a fact that Greece, Portugal and Spain are still not out of the wood.

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“Tejore Komalapati porobhate NindoTeri chando Mukho Pekhno, Uthore Gobinda,Porobhate Nindo !Rojani Bidur dixo dhoboli boron timiro phariya baze robiro kironSoto patro bikoshito bhromor uraeiBrojo badhu dodhi mothe Tuwa Guno gaei ”This was a Bargeet (a great devotional song) by Srimanta MadhavDev and was favourite of Bishnuprasad Rabha. To some he was ideologically a communist (indeed he was

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P. E. Shankar was a Journalist per excellence working in Guwhati in early Fifties during the last century. When he landed in Guwhati to take charge of Reuter-PTI combined office of the News agency it was Lion Heart visionary of Assam RadhaGobinda Baruah requested his Assistant Editor of Assam Tribune to help him settling down in the town. Satish Chandra kakoti was the Assistant Editors

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Many of our readers have been asking which are the best Mutual funds to subscribe . Whether money invested should be redeemed when market gets into recession? I have not been answering the questions for there were no reliable analysis so far. Recently Jim Cramer (host of Mad Money show), an Alumnus of Harvard reveled his research work that seemed prophetic to me. Investment in equity could be

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Many people have their grievances against bank and insurance companies. On many occasions insurance companies take time to settle the genuine claims of their clients. Similarly many account holders of bank remain dissatisfied with the imposition of rules arbitrarily. Some bank some time fails to satisfy their account holder even in genuine cases. Most of the account holders feel helpless most of

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“Apurbabala” the name itself brings out her real personality. She is no more but her vibrant personality lingers on in our mind all the time. We relocated to Guwahati from Mezenga Tea Estate when I was six years old and started living in the Barowari Temple area of Uzanbazar. Our most immediate neighbours were two well-known Bharalai brothers,( Ramananda and BibekaNanda), Land Lord, Satyanath

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Gordon Gekko, a character in the film, “Wall Street: Money Never Sleeps” pronounced “Greed is good”. This one liner lit fires in the heart of young investors ever since 1987. Many people become millionaire and some lost money. Gekko is back after serving eighth years in prisons for insider trading. His new one liner is “The mother of all -Evil is speculation.”We are borrowing this famous line to

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THE MOTHER OF ALL EVIL IS SPECULATION G.P.BAROOWAHGordon Gekko in the film Wall Street Pronounced “Greed is Good”. This one liner lit fires in the heart of young investors ever since 1987. Many people become millionaire and some lost money. Gekko is back after serving eighth years in prisons for insider trading. His new one liner is “The mother of all -

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Now a days many people approach share market , mutual fund and insurance with a vengeance.But most of them do not take informed decision consciously. They try to invest because their friends and neighbors have made money in the share market overnight. This misconception of making money overnight is only a myth. In reality unless investment is made for long term most of the people have lost

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We have received lots of mail from our readers asking us whether they can start investing now. This question has been raised for the simple reason that in our earlier article on investment it was recommended to hold on to the money in hand to enable them to invest after correction. The correction, as expected, has set in. By now the market has corrected around 17% from the high of January. It is

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Of late, the lure of highest guaranteed net asset value is creating waves in our society. Insurance companies are vigorously publishing advertisement in support of such scheme. Though SEBI objected to such declaration but IRDA has permitted insurance company to continue with their plans. The existing ULIP subscribers need not worry unnecessarily on this count. The problems of ULIP would get

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There was a time when none in Northeast thought of contributing to Pension fund during their career. They were almost unconcerned of their retirement needs. Only the Government employees used to get pension that made their life easier compared to other professionals. Even the teachers of schools and Colleges never used to get pension. Large companies are to pay Contributory provident Fund and

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We welcomed, a month ago, the New Year with great enthusiasm. Let us hope the New Year would usher in, for all of us, peace, prosperity and happiness. We all have desires and goals to achieve in life. We need to earn for our decent livelihood. We also need to save for our children's education & marriage and need finance for building a dream home, to buy a car and plan for retirement. These are

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We have received lots of mail from our readers asking us whether they can start investing now. This question has been raised for the simple reason that in our earlier article on investment it was recommended to hold on to the money in hand to enable them to invest after correction. The correction, as expected, has set in. By now the market has corrected around 17% from the high of January. It is

Baroowah's Brave Bloghttp://www.blogger.com/profile/08597191766059344069noreply@blogger.com0tag:blogger.com,1999:blog-4519663071035816011.post-77003135356397548052010-04-11T21:11:00.001+05:302010-04-11T21:14:27.246+05:30

After a period of long silence it is not only Government of India, but Pan Indian industrialists are having a re-look at the state of Assam. It is a courtship after a long spell. Last time industrialist came to the state, from out side Assam, and did set up industries was during 1960 ,during the regime of Kamakhya Prasad Tripathy, then Industries Minister of Assam. Slowly some of the

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The Finance Minister Pranab Mukherjee presented a Pragmatic and yet to a great extent a balanced budget.. It is a very pragmatic budget for he tried to bring down the fiscal deficit on one hand and on the other hand he tried to retain the better growth rate. During financial year 2010 -11 fiscal deficits would be reduced to 5.5% of GDP and aimed at growth rate of 8%. During this fiscal. In FY12

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We have received lots of mail from our readers asking us whether they can start investing now. This question has been raised for the simple reason that in our earlier article on investment it was recommended to hold on to the money in hand to enable them to invest after correction. The correction, as expected, has set in. By now the market has corrected around 17% from the high of January. It is

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Health care insurance cover is a must in today's society. When we were young civil Hospitals were taking care whenever common people were falling ill.The hospitalisation were in- expensive. I still remember the birth of my only son in 1967 at panbazar civil Hospital then turned Medical College. The total delivery charge in a paying cabin by legendary Doctor Rajkumar Das was Rs 165/- only. Today

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WITHOUT PAN HIGHER TAXES WOULD BE CHARGED FROM BANK DEPOSITORS G.P.BAROOWAH The importance of PAN Card was never realised properly by common people ,till recently. Suddenly to the horror of income earners it was found that unless PAN CARD IS PROCURED IMMEDIATELY THEY WOULD BE SUSTAINING GREAT LOSS OF MONEY, if they have Fixed Deposit in Bank. This is

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"Can I gift my House to my daughter" , asked one of the worried father. He learnt that the Gift tax rules have been changed and now Government intend to charge high tax on the the hand of the recipient of the gift."My daughter is not earning as much. where from would she pay tax on an immovable property" ? The latest gift tax amendment has crated tension in the mind of lot of senior citizens.

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We welcomed, a month ago, the New Year with great enthusiasm. Let us hope the New Year would usher in, for all of us, peace, prosperity and happiness. We all have desires and goals to achieve in life. We need to earn for our decent livelihood. We also need to save for our children's education & marriage and need finance for building a dream home, to buy a car and plan for retirement. These are

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The inflation is going up every day and all concerned are also worried about the fiscal deficit of India now. We feel this is the right time to control the fiscal deficit in case the country's actual development (not better growth rate) is expected. The government of India expected last year almost 9% growths. But in reality it has attained only 7.5%% growth till now. There was no improvement in

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The news of imposition of fresh taxes on perks of officers and executives have created great dissatisfaction among the salaried employees. Earlier when FBT( Fringe Benefit Tax) was removed everyone heaved a shy of relief. The FBT was imposed on the corporate entity. But the withdrawal of FBT has come back as boomerang to officers community as a whole. The biggest surprise is that taxes will be

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ON 26TH FEBRUARY, 2010, THE FINANCE MINISTER IS EXPECTED TO PRESENT THE UNION BUDGET FOR THE YEAR 2010-11. This is a crucial year not only because f from the next year Direct Tax Code is going to be introduced but present high inflation is creating havoc in food front and fiscal deficit has increased disproportionately. At the same time economic growth rate has gone up more than expected yet

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During Twenty-first century more women are working than twentieth century. Now a days women are heading organization like Coco cola , HSBC banks HDFC banks and also insurance companies. Many women have become successful lawyers , Doctors , advocates and teachers. With women occupying such senior position it is natural for them to save more and more. But it has not happened. In a survey recently

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The food prices have become prohibitive. There is definite sign in the society of less tolerance as the cost of pulses and vegetables have hit the roof. There is a strong possibility in the country of developing riot like situation out of hunger. The tolerance limit of Indian population for inflation is 10% maximum. In case we compare year to year rise in price from last year inflation has

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ALL INVESTORS ARE INQUISITIVE . THEY HAVE LOTS OF QUESTIONS IN THEIR MIND. Some ASK OPENLY BUT A FEW DO NOT ASK DIRECTLY BUT WAIT FOR SOMEONE TO ASK THE QUESTIONS ON THEIR BEHALF. HERE ARE SOME OF THE OFTEN ASKED QUESTIONS. ACCOMPANYING ANSWERS ALSO GIVEN HEREUNDER. BUT MORE KNOWLEDGEABLE CAN ANSWER IT BETTER. WE WELCOME WELL THOUGHT OUT ANSWER AS MEASURE OF SERVICE TO NEW YOUNG INVESTORS. HERE

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We welcomed the New Year with joy and happiness. Let us hope the new year would bring, for all of us, peace , prosperity and happiness.In Indian culture four tenants have been specified for a successful life on the earth for human being.. Those are Dhrama, Artha, Kama and ultimately Muksho. For a peaceful and successfully life on earth these four things are most required. Very interestingly

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This is the right time for the salaried persons to invest in tax saving scheme, who have not thought of availing tax benefit, through saving and investment during the year. The government of India has given some concession to tax paying public in case they subscribe to certain specified schemes. This includes schemes launched by Government of India through bank and small saving schemes through

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The RBI is now in between two horns of a dilemma. It needs to decide whether growth is important or the tackling of inflation. The month of November has given sleepless night to both finance Ministry as well as RBI.After a stable October it was found that inflation has jumped up and it become 4.78%.The RBI has viewed the position seriously and is getting ready to take control of the situation.

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During Mid Sixties of last century, Guwahati was not as proud of HEALTH CARE FASCILITIES as it is now. Cardio- logical treatments were almost in non existence. Dr. M. C. Bhuyan’s arrival in the city brought about a change in the healthcare scenarios of the city as far as cardiology was concerned. Heart patients of greater Guwahati areas heaved a sigh of relief. His presence was like a fresh air

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THE MILLIONAIRE: CHANGING FACE OF MIDDLE CLASS G.P.BAROOWAHDuring my four months stay in USA I have done some research to find out how most people have become millionaire here ? Is it through business and through investment only? Or through regular habits of saving and investment? To my utter surprise I had to conclude that most of the millionaire in USA have

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Numbers of senior citizen readers have written to us asking whether Governament of India's SCSS has been withdrawn ? Or is it still in vogue ? Do investments in the scheme are still profitable to retired persons even now? I would like to emphatically state for any retired person, as on date, SCSS is one of the best scheme to invest, especially during he present time whem al he banks have

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During my visit to USA DURING 2006 a Professor friend of mine, working in New Mexico State University, sent me an e -mail as to how Bhot Jolokia was making waves in the research laboratory of his university. I still remember his excitement till today. He excitedly informed me that the hottest of all spices is believed to be the “Bhut Jolokia”, belonging to the capsicum Chinese variety which was

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Hunger is seen on the horizon of the world by none other than UNO. It would engulf around one billion people unless common people of developed nations contribute personally in cash. The appeal for help has been circulated already.It is now a fact that unless Public distribution system of our country is revamped and strong measures are taken to augment agriculture sector, as per the signals now

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Despite very good Growth rate during this quarter most Indian are suffering from insecurity. Bellying all predictions of low growth rate Indian economy charged forward with a growth rate of 7.7% during this quarter. Naturally Government of India’s burocrats and ministers are happy at the turn of event. The finance minister though is very hopeful that growth for the year could be 7%, most of the

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It is now a fact that unless Public distribution system is revamped and strong measures are taken to augment agriculture sector, as per the strong signals now received, a famine like situation may develop and devastate the country. Assam would not be an exception to this scene. Till now though two neighboring states of Assam, were experiencing famine in the past, there was no record for Assam

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' Perhaps every citizens by now know that in the recent budget a provision has been incorporated that any persons having invested money in fixed deposit would require to quote the pan number. This provision will be applicable to all persons irrespective of the fact that he or she is not even income tax payers. The banks ar being advised to deduct money if no

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The lots of mail were received , during the month, from our readers asking for the best time to teach their wards the value of money. Some of the young parents mentioned that in their family the discussions on family silvers, wealth and money earned by parent were never discussed. In fact it was considered as bad manners if children tries to take part in money matters of the family.

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G.P. BAROOWAHTremendous research is going on in western countries for development solar energy as a corollary to electrical power generation in universities. The cities where further power generation is not possible solar power would substitute for conventional power usage ! The demand for power have multiplied in some of the states. But in case immediate generation is not possible

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The Deputy Chairman of the planning commission DR. ALHUWALIA once declared that Indian Economic growth would be 6.8% and more during this fiscal.. We refused to agree to the above figure in this column. NOW CHAIRMAN OF THE Prime MINISTER’S ECONOMIC ADVISORY COUNCIL announced ,for the first time on last Monday, that country may expect growth of 6.5% ONLY. This was exactly the figure we

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I am writing on investment after a long gap. This is because the share market has been very volatile and up for some time. Any new investor investing in such a market could have burnt their fingers. Many of our readers have been writing to us enquiring whether they should invest now or not. The share market sensex has come down from almost 17,800 to 15,450 on November 3rd. THERE IS A STRONG

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Ranjan Das, Managing Director of SAP INDIA LTD is no more ! He was 42 years old and considered, by many Corporate Gurus, as the ‘Wizard of the Business Management”. His passing away has created a void in the world of international business. The obituary of Ranjan appeared in National and International electronic & print media all over the world including The WALL Street Journal to Economic

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During last few months I am flooded with a question from our readers whether should they buy Gold or Gold ETF. I am really surprised to find that so many persons have been rushing to buy Gold now a days. Gold have been favourite of human being from time immemorial. In fact Indian buys and holds maximum quantity of gold. Indian uses gold in ornaments during the wedding. Fashionable persons were

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The Finance Minister recently announced the proposed Direct Tax Code effective April 2011. The code aims at a comprehensive reform in the sphere of personal and corporate taxation. We would however discuss the impact of the code on common people. To safe guard the interest of business, industry and workmen there are number of chambers of commerce and Trade Unions but for common self employed

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Tea as a drink has a wide acceptance. From Queen of England to President of America tea is a welcome drink. Similarly homeless of Britain to Indian residents of below poverty line also love their daily cup of tea. But now world has experienced a different usage of tea. This use is for various product of medicine and health therapy .Tea is being lately used for colouring of fabric also. Due to

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During the Third week of May, after election results were announced, the share market has gone up. It is possible that market may come down soon. But that should not deter investor to stop buying equity. For the long run equity is the king and this is the time to invest as market goes down through systematic investment plan(SIP) in mutual fund. According to an expert, volatility is the friend of

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It was nice to hear the President of India unfolding the new deal plan of Man Mohan Singh’s Government with quotation from Rabindranath Tagore. Long back, Plato wished that the city state should be governed by the writers and philosophers. If that was not possible now, it was of course possible to seek advice from intellectuals and writers. The President Prathiva Patil exactly did that while

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The change is the only constant thing in life. I have observed in last few years that our society of Northeast India have greatly changed their attitude towards investment. Now a day’s most young men and women have started talking of investment at the beginning of their career itself. A few mothers, now senior citizen, have also called me up to ask how their daughters can be made investment Savvy

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Small tea growers are now an economic force for the state of Assam. This fact should be recognized by the state ministry now. Around 65,000 small tea growers are involved currently in tea production in the state. It is a matter of regret that most of the grower does not have land patta even now. The small tea gardens are now the backbone of economic rejuvenation. Tea industry kept local

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Los Angeles, June 26: Michael Jackson, dubbed as the King of Pop, is dead yesterday afternoon while he was doing his rehearsal on the eve of his come back tour. The news was so sudden that gloom has comedown heavily on the lovers music world. He was fifty and is survived by his parents , eight siblings and his three children and millions of admirer.While driving through the Sunset

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Sitting with a few economist friends, during the night of 5th July( 6th July in India), in the campus UCLA, California, we found despite a bold budget provisions announced by the Finance minister Pranab Mukherjee, aiming at higher growth and making provision for better domestic consumption the budget never looked populist and might not enthuse the share market immediately. However it is one of

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During my recent visit to USA some of my American and NRI friends asked me if it would be wise to invest in Indian centric stocks now? Whether Indian share market has decoupled from the influence of American share market? Would Indian share market continue to go up from now onwards?My reply to them was aftermath of Indian election results were announced, the share market has gone up

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"Spiraling health care cost are bankrupting Americans, causing 14000 people to lose their health insurance everyday and will also bankrupt the nation", President Barak Obama said while defending his new Health care proposal for poor people of America.The Health Insurance reform is the central to the theme of the rebuilding the crisis laden economy of the country stronger than before, he

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I have always been writing that the term insurance should never be considered as a corollary and substitute for saving and investment. It is an established fact that life Insurance is not an investment but a safety and security net for life. Many people have written to me inquiring if it is enough to take ULIP without taking traditional life insurance policy at all. This would be a

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During the month of March when I recommended my readers to enter the share market and buy large cap Mutual funds under SIP a few old friend of mine called me up and told me that they did not want to invest in such a dull and depressed market. I told advised them that the basic principal of investment is that when market was depressed get in so that you would be the first person to reap the

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During my recent visit, during the months of August, to the Natural History Museum based at San Diego I was fascinated to see a show of human body that created sensation in my mind. I have never seen such an exhibition in my life . I had heard about the exhibition and felt indomitable desire to view it. It is an exhibition alright but that is not just an end of it. It is a beginning of a

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Ever since my arrival at Los Angeles in July, I started meeting a few college teachers, in the neighborhood of Los Angeles county, a number of times.To my utter surprise I found that the economic recession has not spared even the education system of this great country. I was aware of the fact that recession created unemployment in industry and trade. But I had no idea that college

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There is a good news for mutual fund investors. From August 2009 there would no entry load for investing in Mutual fund. Earlier whenever,except during the time of New Fund Offer (NFO), entry load amounting 2.% to 2.5% was a must. This amount was deducted, from the money given by investor to the Fund house, at the time of allotment of the units.The account statement reflected the deduction

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