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Showing posts from January, 2013

Foreign Investment in India

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Foreign Investment: We are made to believe that only from the Foreign Investment we are running our nation's economy unless the foreign investment we can't run our Government but it's a wrong statment. India where people have a rich cultural heritage have the habit of saving money to meet the future needs. According to a study, the amount saved by Indians in banks are around 5 lakh crore per year. Now Indian Government is running only from the Savings not from elsewhere. So India is running in the savings of its own people.It is believed that we dont have much effect of 2008 Economic crisis only because of our savings. Country like USA,UK are having people who interested in spending rather than saving money hence they can't able to tackle the economic crisis but we enjoyed very less effect of this global economic situation. But till now our Government is trying to attract investment away from borders do you know why???????? All only for the Dollars....

Petrol "The magic word Notional loss"

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Understanding Petrol Price Hike You may come across speeches of different level authorities of petroleum ministry also many central ministers stating Government is losing 2 lakh crore in selling petrol under low price in market But look at the balance sheet of ONGC http://www.ongcindia.com/financial_2.asp They showed 52,000 INR profit in the past year then what the Government is saying whats the truth ???? Wheather the three government petroleum companies BPCL,IOC,HP are losing in lakhs are earning in crores???? First we have to understand how petroleum price is calculated in India If the cost price of petrol per litre is Rs 58.90, then     Basic Price: Rs 28.93     Excise duty: Rs 14.35     Education Tax: Rs 0.43     Dealer commission: Rs 1.05     VAT: Rs 5.5     Crude Oil Custom duty: Rs 1.1     Petrol Custom: Rs 1.54     Transportation Cha...

Investing in Gold :My views

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Indians have a much attraction to this yellow metal from their past........ Gold is deeply embedded with our culture Even in our country marriages we have a very much importance for  Gold. We have the habit of wearing gold ornaments during function and it gradually changed into a social status. i.e to show their richness people used to wear more gold........ Now the face of Gold reached another new dimension i.e seeing gold as a safer investment.... People of India have a very good habit of saving wealth from their past and now people use to save their money in the form of Gold.......... If a question arises weather its right or wrong to invest in Gold in my point of view its not good to our economy......... World major countries slips down with 2008 economic crisis but India not have more effect of economic crisis except few departments because we developed our economy in such a way that it majorly depends on investment from its own people not from outside...........