There is a strong relationship between GDP and tax revenue. But before we must know what is GDP (Gross Domestic Product). GDP is an indicator of a countries economic health. GDP figure also show how big is the economy. But why we use GDP. In layman terms GDP compares earning and spending power of different countries….
Recurring deposits has potential to make us a millionaire. How? We all want to become rich, and recurring deposits can help us achieve this target. I have personally gone past a rough patch in my life because of scarcity of money. Since that day I continuously try to improve my finances. One investment vehicle that was…
What is the history of inflation in India since last 10-15 years? The rate of inflation in India is currently hovering around 4 years low levels. In June’2013 India saw its inflation rate at 4.7%. If we look at history of inflation in India since year 1969, inflation has averaged around 7.7%. May be not…
The rent vs buy a house decision is a dilemma that the majority face while buying their first home. It is one of the tough decisions of life. Why? Because when common men decide to buy a house, they are actually making a decision to lead a less-abundant lifestyle. Hence, along with money, buying a house…
In order to understand whether government subsidies are good or bad for India we have to see things in larger perspective. Instead of looking only at immediate effects, one shall see long term repercussions of subsidies. What is subsidy? And why government decides to have them in first place? When price of goods or services are controlled…
How many live life completely dependent on their monthly paycheck? Not surprisingly, 95% of all salaried people live a paycheck to paycheck life. Why it is so? Because salary (paycheck) is a very assured form of income. But on downside, it makes people complacent about their financial security. Salary income is assured only till one’s doing a job. If one…
