BUDGET 2016: Personal Finance Perspective

Sunday, March 13th, 2016 Amritesh no responses

Budget 2016 was an attempt to address the concerns of Individuals involved in the Agriculture Sector as well as ensure that Infrastructure Developments are on the right track which is very encouraging. The stance on Fiscal Consolidation is also commendable considering that 7thPay Commission is bound to put additional burden on the Government. However, the Budget did not bring much cheer to the Middle and Salaried class who in my opinion are already burdened by various direct and indirect taxes. The Government has chosen to tax the existing tax payers instead of widening the tax base, and in my opinion even the Super Rich Farmers should be brought under the purview of tax, while incentive and benefits should be extended…

Budget 2016-17: Highlights

Tuesday, March 1st, 2016 Amritesh no responses

The Budget for 2016-17 was presented yesterday and to the disappointment of the Salaried class there has been no revision in the existing Tax Slab nor any hike in the tax deduction available various Section. Moreover, the biggest shocker for over 5 crore EPF account holders was the announcement that now major chunk of the retirement corpus is taxable. Even Superannuation Funds (Retirement Funds like National Pension Scheme) will have tax implication at the time of maturity/withdrawal.The Budget aimed at addressing the needs of the poor, people involved with the agriculture sector and development of the rural areas was very encouraging.  The notable disappointment was that the middle class hardly had anything to cheer, on contrary the announcement to tax…

WPI Slides, CPI touches New High, Factory Output Remains Down

Monday, February 15th, 2016 Amritesh no responses

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of January, 2016 continues with the deflationary trend, as inflation stood at (-)0.90% as compared to (-)0.73% in the previous month. Inflation has stayed negative consecutively for the past 15 months. This is the leanest period observed since the WPI Index was launched in 2005. The fall in WPI inflation is mainly contributed due to slide in Crude Prices which ensured that wholesale inflation remained negative. The food inflation rose to 6.02% as compared to 8.17% in the previous month. The fuel and power segment, inflation declined by (-)9.20% as compared to (-)9.15% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods…

WPI Deflation Eases, CPI on the High, Factory Output Declines

Friday, January 15th, 2016 Amritesh 2 responses

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of December, 2015 has shown signs of deflationary trend easing, as inflation rose to (-)0.73% as compared to (-)1.99% in the previous month. Inflation has stayed negative consecutively for the past 14 months. This is the leanest period observed since the WPI Index was launched in 2005. The nominal rise in WPI inflation is mainly contributed to rise in Food Inflation although the falling Crude Prices have helped to keep the wholesale inflation in negative. The food inflation rose steeply to 8.17% as compared to 5.20% in the previous month. The fuel and power segment, inflation declined by (-)9.15% as compared to (-)11.09% in the previous month. Wholesale Inflation takes into…

Provisions Under Section 45 of Insurance Act,1938 (Amended): Impact on Insurer and Insured

Sunday, December 6th, 2015 Amritesh 6 responses

It has been observed in the past that Insurers and Policyholders are often embroiled in ugly and lengthy litigation process regarding the claim settlement. The previous provisions under Section 45 of the Insurance Act made it possible for the Insurers to repudiate the claim on account of suppression/misinterpretation of facts at the time of settlement of claims. The provisions under section 45 of the Insurance Act, 1938 provided that facts submitted in support of a policy cannot be questioned after the expiry of 2 years from the commencement of the policy. However, it empowered Insurers with a right to repudiate the claim, in case they had evidences that Policy was taken by misrepresenting/suppression of facts. As it was considered that…

Insurance and Investment: How Are They Different?

Sunday, November 29th, 2015 Amritesh one response

Personal Finance may sound very simple but in reality it is not the case. As many of you will admit that taking an Investment or an Insurance related decision is always very difficult. One should take decision based on his/her future capital requirements and security coverage needs. Individuals should not succumb to the schemes promoted or marketed by the Insurance/Investment Advisors who in their bid to sell their respective financial product may manipulate facts.Individuals should be very careful while taking a financial decision and have a close look at the features, benefits, riders before putting in their hard earned money.Investment and Insurance are two terms which is often interchangeably used, but in reality they are not similar and denote two…

WPI Deflation Continues In August, Industrial Output Looks Promising

Tuesday, September 15th, 2015 Amritesh one response

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of August, 2015 continued with its deflationary trend and fell to a new low at (-)4.95% as compared  to (-)4.05% in the previous month. Inflation has stayed negative consecutively for the past 10 months. The WPI downward trend was mainly contributed due to cheaper Fuel and Vegetables. The food inflation has remained negative at (-)1.13% as compared to (-)1.16% in the previous month. This is the leanest period observed since the WPI Index was launched in 2005. The fuel and power segment, inflation declined by (-)16.5% as compared to (-)12.8% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used…

WPI Deflation Continues, Falls To New Low In April

Saturday, May 16th, 2015 Amritesh no responses

WHOLESALE PRICE INDEX (WPI)Wholesale Price Index (WPI) for the month of April, 2015 continued with its deflationary trend as it fell to its lowest at (-)2.65% as compared  to (-)2.33% in the previous month. It is lowest inflation level recorded in almost a decade. The food inflation came down to 5.73% as compared to 6.31% in the previous month. The fuel and power segment, inflation declined to (-)13.03% as compared to (-)12.56% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. The main reason behind the WPI going down is due to lowering of Food Inflation, the slide in Crude prices in the International Market. The…

WPI Inflation Remains Negative In March, Economy Surges Ahead

Wednesday, April 15th, 2015 Amritesh no responses

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of March, 2015 fell to its lowest at (-)2.33% as compared  to (-)2.06% in the previous month. It is lowest inflation level recorded in almost a decade. The food inflation came down to 6.31% as compared to 7.74% in the previous month and was the main contributor behind the fall in inflationary rates. The fuel and power segment, inflation declined to (-) 12.56% as compared to (-) 14.72% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. The main reason behind the WPI going down is due to lowering of Food Inflation, the Crude prices in the…

Inflation Continues to be Negative in February: WPI INFLATION at (-)2.06%

Monday, March 16th, 2015 Amritesh no responses

Wholesale Price Index (WPI) for the month of February, 2015 fell to its lowest at        (-)2.06% as compared to (-)0.39% in the previous month. It is lowest inflation level recorded in almost a decade. December WPI also got revised to (-)0.5 from 0.11%. The food inflation fell marginally to 7.74% as compared to 8% in the previous month. The fuel and power segment was the biggest contributor to the fall in wholesale prices. In this category, price declined 14.72% in February against 10.69% in January.Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported and used as inputs. The main reason behind the WPI going down is lowering of the Crude prices in…