Budget 2009 : My Wishlist

Annual budget for 2009 -2010 fiscal year will be presented on 16th Feb 2009 by our finance minister. Well I wish these are things which can be included in our 2009 budget too

Expecting tax/price cuts for this categories

1. Computers and its peripheral devices, as it will encourage online transactions and shopping. 
2. CFL lights , as it will save electricity.
3. Ticket price for public transport system.
4. For companies who have atleast 25 % of their power consumption through solar energy .
5. Broadband charges for all rural sectors.
6. Green leafy vegetables and fruits.
7. Educational books.
8. CNG fuel.
9. Shops which provide ample parking space.
10. Medicines for major diseases.
11. Sports goods , which requires physical exercise.

Expecting tax/price hike for this categories

1. Two & three wheelers.
2. Junk food.
3. Soft & hard drinks.
4. Five star restraurants and lounges .
5. Cigarettes and cigars.
6. Electricity charges for shopping malls, multiplex and hoardings.
7. Branded clothes.
8. Game CD's and DVD's
9. Shops which do not provide ample parking space.
   
10. High end electronic items.

Well comments are welcome ........

Tax Planning India :FY 2009

End of Financial / Fiscal year is round the corner again and as usual we are suppossed to complete the tax planning as well as the investments well before 31 st March 2009 .You need to think about tax investments if you taxable annual salary is more than 1.5 lakhs for males and 1.8lakhs  for females.  Here are few tips which should be kept in mind before investment in any products . 

1. Never invest the entire amount in a single product / bank.
2. Check the past track on the product / bank.
3. Never give cash to the agents , always prefer cheque instead in the of the organisation / bank.
4. Compare all available bank / products before making any choice. (Can be done online too)
5. Make sure the entire processing is completed atleast 1 week before 31 st march , as cheques proceeded after 31 st march will not be eligible for tax benefit.
6. Always ask for the lock in period , this is the period before which u cannot get your money back.
7. Make sure you dont only look at the rate of returns , consider all the factors before making a choice.
8. Remember , Higher Returns - Higher Risks.
9. Make sure you get back all the necessary reciepts too .
10. If you need to submit any of your documents , make sure you sign it and mention the purpose for which you have given the document. (So that your details are not misused)

And regarding the various options for availing the benefit for section 80 c please refer my previous post. You can also pay your taxes online through the Income tax of India's official website. For you reference the income tax departments online payment is given below.

Department of Income Tax of India

Feel free to write your queries . (Click the comment link below to post your query)

Hyderabad: Fuel Price @ 01 Feb 2009

After this reductions the price of fuel as on 1 st February 2009 are 

Current price of petrol now in city of Hyderabad is 45.56 rupees 

Current price of Diesel now in city of Hyderabad is 33.90 rupees

Finally government has announced another cut in the fuel prices after much deliberation , opposition parties term this reduction as just a political gimmick in order to attract people towards UPA government. 

This has brought much relief to all the citizens of India , now every one expects prices of all basic commodities will be on downward slide . Now the common expects that government should reduce the sales tax and other taxes on the fuel prices , which will furhter reduce the burden of Aam Aadmi .

If government can't reduce the fuel prices further due to prices losses to the oil companies , should they atleast reduces the sales taxes and other taxes on fuel ?????

Do write your comments 

Sania / Bhupati : Australian Open Mixed Doubles 2009 Winners

Sania Mirza , the hyderabad hurricane along with Mahesh Bhupathi have clinched the Australian Open Mixed Doubles 2009 title with 6-3 , 6- 1 win over the French and Israeli pair of Nathalie Dechy and Andy Ram .

This was the secong time when they have reached the mixed doubles final , the only difference this year is that they have won it this time. This was the celebration time specially down here at Hyderabad and the entire India , were most of the Hyderabadi' were glued to there tv sets to get the latest . 

This victory was the reply to all her crtics who claimed that she can never go beyond second round in her entire career. We hope that Sania Mriza will very soon win more grand slams and make all Hyderabadi's and Indian's more proud .

Book Movie Tickets Online : Hyderabad Multiplexes

We hyderabadi's are well know to movie buff since long time , when ever we are the first thing that crops up our mind is to watch a latest flick of shahrukh , salman or some super star . Hence the box office collection from Nizam's region (Hyderabad is still known as nizam region for box office collection) has always been over whelming response. All the multiplexes at Hyderabad like cine max , Inox , pvr cinemas , Imax , Ad labs and others most of times are house full. Apart english, hindi even telugu movies are house full most of the times. Occasionally even tamil movies are screened , huge Rajni fans are seen thronging to multiplexes when a Rajnikanth blockbuster is released.

Earlier we used to have single screen movie theatres and we used to stand in long queues to buy a ticket but currently Hyderabad os buzzing with multiplexes . Even though these multiplexes charge more still all of them are almost always house full . Well instead of going and standing in queues these days we can book movie tickets online using your credit or debit cards.

Below is the list of few multiplexes which offer booking movie tickets online.

1. Cine Max
2. Inox Movies , GVK One
3. PVR Cinemas
4. Ad Labs
5. Prasadz , Imax
6. Talkie Town

Two more new multiplexes are expected to come up at Hyderabad by 2010 , one is expected to be in place of maheshwari and parmeshwari complex near kachiguda.

Well if wish to share your reviews, experiences or feedbacks , please feel free to do so using the commenting option given below

CAT 2008 Results Announced

The Common Admission Test (CAT) is an all-India test conducted by the Indian Institutes of Management (IIMs) as an entrance exam for the management programmes of its seven business schools.

The results of CAT 2008 will be available from January 9th 2009 on the cat website. The scores can be accessed by keying in the test registration number and either the date of birth (preferred) or the cat application number.


CAT RESULTS by E-MAIL: Candidates who wish to get their results by e-mail should register themselves between October 24, 2008 and November 30, 2008 by sending an SMS to 57333 as follows: ?CAT registration number date of birth (ddmmyy) email id? Please note that only one e-mail id will be registered against a test registration number. Example:If TRno is 1234567 & DOB is 20-Feb-1986, then the msg format will be: CAT 1234567 200286 abc@rediffmail.com


Click here to View CAT 2008 Result on its official Website

CAT-takers can also access their CAT-2008 scores by using SMS facility of mobile phones. For SMS, candidate can type .

Type CAT followed by your Test registration No & Application No
& sms it to 57333

For e.g. CAT 126457 2431542

Type CAT followed by your Test registration No & Date of Birth
& sms it to 57333

For e.g. CAT 5312106 140482

Satyam Computers Fraud News

Satyam Computer Services head quartered at Hyderabad, India whose founder-chairman B Ramalinga Raju has resigned from the IT major's board . Raju has taken this step after admitting a multi-crore fraud in the company’s accounts.Satyam is the country's fourth largest IT firm and has has over 51,000 employees.In a shocking disclosure, he has revealed some financial irregularities in the company which including an inflated cash balance of Rs 5,040 crore. I personally never expected such events to happen in IT gaint like Satyam.Mr. Raju can face upto 7 years of imprisonment in addition to monetary penalties for forging accounts, breach of trust and misappropriating funds.

Raju said that he feared takeover due to poor finance performance. Coming clean on financial irregularities, he said that the company had Rs 1,230 crore worth of understated liability as of September 30. Raju also revealed that he tried to fill fictitious assets with Maytas deal. Raju in a press conference said that the company carries inflated cash balance of Rs 5,040 crore. He also reported of Rs 588 crore artificial cash in Satyam’s books. Raju said that every attempt to eliminate the gap failed and he had to take this step . Raju sincerely apologised to all Satyamites and stakeholders, who have made Satyam a special organisation. Moreover recently the world bank has also banned Satyam for next few years because of data theft and bribery cases and it wont allow Satyam to bid for any of its bussiness projects.

In a notification to the stock exchanges, the Hyderabad-based IT firm said Raju and Managing Director Rama Raju had resigned early Wednesday and that the Securities and Exchanges Board of India (SEBI) had been informed.On Raju’s disclosure, SEBI chief said the issue has serious implications and the regulator will take coordinated action. His decision was conveyed to the company’s board members. The company was supposed to hold a board meeting this Saturday.Listed at New York Stock Exchange, the company could face regulatory action in the US, analysts said.Raju recommended DSP Merrill Lynch be entrusted the task of quickly exploring some merger opportunities but the company informed the stock exchanges that the investment banker has terminated its engagement with Satyam. 

According to Raju, Ram Mynampati will act as an interim CEO. The resignations, ahead of January 10 board meeting, pushed the company into crisis and paved the way for immediate restructuring of the board and the management to come out of this crisis.

Shares of the company plunged by over 75 per cent soon after the resignations. Satyam, considered a acquisition, which pushed Satyam into crisis after Raju was forced to abandon the acquisition of Maytas Infrastructure and Maytas Properties promoted by his son.All the top news channels and newspaper like ndtv, ndtv profit , ibn, economic times websites are filled up with news from Satyam.Current share price of Satyam is rupess 40 as on 07/01/2009 19:00 IST listed in Bombay Stock Exchange (BSE).

After all these events struggle of the IT sector deepens and other IT major companies like Cognizant, IBM and others , who were considering taking over Satyam may reconsider their decisions after todays events.

I wish Satyam can come out of this mess as soon as possible and make INDIA proud as it used to do earlier. Please share your views and coments.