Interest rates on small savings schemes may go up by 0.25%

 New Delhi: The government is likely to hike the interest rates on deposit schemes offered by post offices, like savings account, Monthly Income Scheme (MIS), Public Provident Fund (PPF), etc by about 0.25 per cent from April 1. A circular on revised interest rate on small savings scheme will be issued by March 28, official sources said, adding that there could be a 0.25 basis points hike in the rates.

"We are in the process of calculating the rates. The new rates will be applicable from April 1," they added.
The government had in December, 2011 hiked interest rates on post office savings accounts (POSA) to 4 per cent, from 3.5 per cent. Similarly, the interest rates on the MIS and PPF was fixed at 8.2 per cent and 8.6 per cent respectively.
The decision to hike interest rates in December was in line with the recommendations of the Shyamala Gopinath Committee which had suggested linking..


PRIYANKA KUMARI
PGDM 2nd Sem.

Budget 2012 has some positives for real estate sector

The Union Budget has some positives for the realty sector. The external commercial borrowing (ECB) for low cost housing, extension of the one percent interest subvention scheme for low cost housing and service tax exemption on low cost housing up to an area of 60 square metres are good for the sector. The Budget will give a boost to affordable housing

By- Nitesh Kumar Singh
PGDM 2nd sem

Budget Glimpse 2012

Union Budget 2012 - Highlights

Indo-Asian News Service, Updated: March 16, 2012 17:27 IST

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New Delhi:  Finance Minister Pranab Mukherjee presented the Union Budget for the year 2012-13, his seventh. At the very beginning of his speech Mr Mukherjee said that a "year of recovery interrupted" meant that it was time to take tough decisions. The idea ahead of the budget was that fiscal deficit needed to be controlled by cutting subsidies and raising taxes. The finance minister has raised taxes and promised cuts in subsidies. Here are the highlights of the Budget.

• Income tax exemption limit raised to Rs.2 lakh to provide relief of Rs.2,000 for all assessees; 20 per cent tax on income over Rs.10 lakh, up from Rs.8 lakh.

• Deduction of up to Rs.10,000 from interest from savings bank accounts.

• Defence to get Rs.1.93 lakh crore during 2012-13.

• Service tax rate raised from 10 per cent to 12 per cent to bring in Rs.18,660 crore.

• Number of proactive steps taken on black money (stashed away abroad); information has started flowing in, prosecution to be initiated; White Paper in current session.

• No change in corporate taxes but measures to enable them better access funds.

• Withholding tax on external commercial borrowings reduced from 20 per cent to five per cent for power, airlines, roads, bridges, affordable houses and fertiliser sectors.

• National Skill Development Fund allocated Rs.1,000 crore.

• Four thousand residential quarters to be constructed for paramilitary forces with an allocation of Rs.1,185 crore.

• National Population Register to be completed in two years.

• Excise duty raised from 10 to 12 per cent.

• Cinema industry exempted from service tax.

• Branded silver jewellery fully exempt from excise duty.

• Customs duty on warning systems/track upgrade equipment for railways reduced from 10 per cent to 7.5 per cent.

• Import duty on equipment for iron ore mining reduced from 7.5 to 2.5 per cent.

• Allocation of Rs.200 crore for research on climate change.

• Irrigation and water resource company to be operationalised.

• National mission on food processing to be started in cooperation with state governments.

• Integrated Child Development Scheme to be strengthened and restructured with allocation of Rs.15,850 crore.

• Allocation of Rs.14,000 crore for rural water supply and sanitation.

• Infusion of Rs.15,888 crore in public sector banks, regional rural banks and NABARD in 2012-13.

• Infrastructure will require Rs.50 lakh crore in 12th Plan, half of this from the private sector.

• Completion of highway projects 44 per cent higher than in previous fiscal.

• External commercial borrowing of up to $1 billion permitted for airline sector.

• External commercial borrowings permitted to low-cost housing sector.

• From 2012-13, full subsidies for providing food security; in other sectors to the extent the economy can bear this.

• Hope to raise Rs.30,000 crore from disinvestments.

• New equity savings scheme to provide for income tax deduction of 50 per cent for those who invest Rs.50,000 in equity and whose annual income is less than Rs.10 lakh.

• Corporate market reforms to be initiated.

• Bills on micro-finance institutions, national land bank and public debt management among those to be introduced in 2012-13.

• Addressing malnutrition, black money and corruption in public life among five priorities in year ahead.

• India's inflation structural, driven largely by agricultural constraints.

• Current account deficit 3.6 per cent in 2011-12; this put pressure on exchange rate.

• Growth in 2012-13 estimated at 7.6 per cent; expect inflation to be lower.

• Better monitoring of expenditure on government schemes.

• Fiscal 2011-12 year of recovery interrupted; reality turned out to be different.

• GDP growth in 2011-12 estimated at 6.9 per cent; had to battle double digit inflation for two years.

• Good news: agriculture and services continued to perform well; economy is now turning around; recovery in core sectors.

• Now at juncture where it is necessary to take hard decisions; have to accelerate pace of reforms.

Nitesh Kumar-PGDM-2

Feature Stories Feature Stories Print This PagePrint This Page E-Mail This PageE-Mail This Page Bookmark and Share CNN's "Impact Your World" Features Carter Center Trachoma Control Program August 5, 2009 Trachoma is the world's leading cause of "preventable" blindness, yet it costs 10 million people their eyesight. The Carter Center, with partner organizations and community health workers in six African nations, is working to carry out simple solutions to prevent this disease affecting the world's poorest and most forgotten people. Click video player to watch CNN's coverage of this pioneering effort in Ethiopia. To support Carter Center efforts such as this, click here >

Feature Stories

Print This Page E-Mail This Page

CNN's "Impact Your World" Features
Carter Center Trachoma Control Program
August 5, 2009

Trachoma is the world's leading cause of "preventable" blindness, yet it costs 10 million people their eyesight.  The Carter Center, with partner organizations and community health workers in six African nations, is working to carry out simple solutions to prevent this disease affecting the world's poorest and most forgotten people.

Click video player to watch CNN's coverage of this pioneering effort in Ethiopia.

To support Carter Center efforts such as this, click here >

Meaning Of Business Finance — Presentation Transcript

• 1. Meaning of Business Finance Business Finance is that business activity which is concerned with the acquisition and conservation of capital funds in meeting financial needs and overall objectives of business enterprises.
• 2. What is Financial Management? Financial Management is broadly concerned with the acquisition and use of funds by a business firm. Its scope may be defined in terms of the following questions. How large should the firm be and how fast should it grow? What should be the composition of the firm’s assets? What should be the mix of the firm’s financing ? How should the firm analyze, plan and control its financial affairs
• 3. Financial Decisions Investment Decision Dividend Decision Financing Decision Capital Budgeting Cost of capital Working Capital Management Capital Structure
• 4. SCOPE AND FUNCTIONS OF FINANCIAL MANAGEMENT Traditional Approach Modern Approach
• 5. Traditional Approach The traditional approach, which was popular in the early stage, limited the role of financial management to raising and administering of funds needed by the corporate enterprises to meet their financial needs. It deals with the following aspects. Arrangement of funds from financial institutions Arrangement of funds through financial instruments like share, bonds etc/. Looking after the legal and accounting relationship between a corporation and its sources of funds.
• 6. Main limitations of Traditional Approach Outsider-looking-in-approach Ignored routine problems Ignored non-corporate enterprise. Ignored working capital financing No Emphasis on allocation of funds Time value of money is not considered
• 7. Modern Approach According to modern approach the term financial management provides a conceptual and analytical framework for financial decision-making . That means, the finance function covers both acquisition of funds as well as their allocation. The new approach views the term financial management in a broader sense. It is viewed as an integral part of over-all management.
• 8. Financial management, in the modern sense of the term, divided into four major decisions The investment decision The financing decision The dividend policy decision The funds requirement decision.
• 9. OBJECTIVE OF FINANCIAL MANAGEMENT Profit Maximization Wealth Maximization Economic Value Added Focus on stakeholders
• 10. Drawbacks of Profit maximization Ambiguity Timing of benefits Quality of benefits
• 11. Wealth Maximization Maximizes the net present value of a course of action to shareholders. Accounts for the timing and risk of the expected benefits. Benefits are measured in terms of cash flows. Fundamental objective—maximize the market value of the firm’s shares.

DK SETT
Pgdm IInd sem

Sahara India to renew sponsorship of Indian hockey

NEW DELHI: After pulling out of cricket, the national obsession, Sahara India is all set to sign a five-year contract to renew its sponsorship deal for the national sport, hockey.

Hockey India (HI) secretary general Narinder Batra told IANS that Sahara has decided to renew its sponsorship contract with men and women's in both senior and junior categories.

"We have not decided the final figures but there will be a substantial hike in the new contract. We will make an official announcement soon," Batra told IANS.

Asked how much the new sponsorship deal would be worth, Batra said: "We are still working out the final figures."

Sources in the Sahara told IANS that the new contract would be anywhere between Rs.14-15 crore per annum, which would be a huge jump from Rs.3 crore.

Sahara's association with the Indian hockey team as a national sponsor started in 2003 following the pullout of Castrol, when the Indian Hockey Federation (IHF) was running the game in the country. The eight-year contract ended in 2011 and the extended six-month period also ended in January.

The Team India will be seen sporting the Sahara India logo during the Olympic qualifiers for both men and women here Feb 18-26.

Sahara decision to sponsor Indian hockey comes in the wake of its pull-out both as the chief sponsor of the Board of Control for Cricket in India ( BCCI) after 11 years of association and as the owner of Pune Warriors franchise in the Indian Premier League ( IPL).                                            




NAME RABINDRA KUMAR COURSE PGDM  2ND SEM

Per capita income may cross Rs 60K

Syrian President Bashar al-Assad has turned to his father’s playbook as he seeks to end an uprising that threatens his family’s 40-year reign.
The regime’s increasing brutality is reminiscent of 1982 when Hafez al-Assad crushed a rebellion in the city of Hama, killing thousands. “Inflicting horror is hereditary in Damascus,” French Ambassador Gerard Araud told the United Nations Security Council Feb. 4. “The father killed en masse, and the son is no different.”
Assad is using tanks and artillery in cities where protesters are calling for the end of his rule. At least 174 people were killed on Feb. 4, said the U.K.-based Syrian Observatory for Human Rights, making it one of the deadliest days in the 11-month revolt.
“Thirty years after his father massacred tens of thousands of innocent Syrian men, women, and children in Hama, Bashar al- Assad has demonstrated a similar disdain for human life,” U.S. President Barack Obama said the same day.
Diplomatic efforts to stem the bloodshed broke down Feb. 4, when Russia and China vetoed a Security Council resolution by Western and Arab countries to facilitate a political transition. The prospect of civil war is growing, as Al Arabiya reported defecting Syrian army units are taking tanks with them.
Obama has dismissed the idea of using a foreign military force to end the conflict that the UN

DHANANJAY SINGH    PGDM II SEM.