Tuesday, August 31, 2010

NSE FINANCE SITE

Just got a glimpse of sparklines in the NSE website.

http://nseindia.com/content/equities/niftysparks.htm

This page would help investors/traders to have a quick glimpse of the index stocks and this is available for most of the key NIFTY indices (like Junior Nifty, CNX IT, Bank Nifty, Nifty Midcap 50).

Crisp graphical representation of price movement, details of price changes and color coding of stocks nearing 52 week high /low & much more are presented in a crisp and adorable manner.

You can have a look at it when free.! I find this new page exciting!

APPLE MICROSOFT MARKET

Apple surpassed Microsoft's market cap last week. Microsoft 's revolutionary windows and its user friendly user tools took the world by storm and made computing reach the masses. Bill Gates and Microsoft were the innovation icons in the last decade of 20th century.
Apple which was literally bailed out by Microsoft in the last decade has bounced back because of it's innovation. iphone, itouch and ipad are to a great extent shaping the future of computing tomorrow.
Innovation and making the innovation reach the masses makes great companies. Innovative computing , wireless data connection and cloud computing are the mantras of today which have got companies like Apple and Google to the fore.
Most of these companies have a R&D centre in India and hope a few of the next generation innovations comes from India or from Indian companies themselves which are now more dominant in the IT services sector. Hope some day we will have a company from India doing the same feat that Google and Apple are doing today.

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Home Foundation

BUDGE CHANGE IN INDIA

Following are the changes that would benefit the salaried class/ individual tax payers.


Direct Taxes


Income tax slabs for individual taxpayers to be as follows
Income upto Rs 1.6 lakh Nil
Income above Rs 1.6 lakh and upto Rs. 5 lakh 10 per cent
Income above Rs.5 lakh and upto Rs. 8 lakh 20 per cent
Income above Rs. 8 lakh 30 per cent


Deduction of an additional amount of Rs. 20,000 allowed, over and above the existing limit of Rs.1 lakh on tax savings, for investment in long-term infrastructure bonds as notified by the Central Government


Besides contributions to health insurance schemes which is currently allowed as a deduction under the Income-tax Act, contributions to the Central Government Health Scheme also allowed as a deduction under the same provision

A STEP

"A journey of a thousand miles begins with a single step." -- Confucius
When I interact with a lot of people who are interested in personal finance, I do talk about the benefits of SIP investing in diversified equity funds.( Why this is a must for long term wealth creation...so on and so forth). People genuinely seem to understand and are raring to go.
But many do not take the " pain" of enrolling for an SIP.Some collect forms from fund houses then wait. Some have actually downloaded forms , filled them and really didn't have the time to kick start it by posting the completed form.
Only a very few have enrolled and those who enrolled and continued do so have benefited immensely.( esp. those who had the guts to continue their SIP during the 2008 -09 downturn).
Now coming back to the quote from 'Confucious'. The single step to begin the journey may be small, but it is very critical to begin the journey. Many of us do not take this first step to improve our personal finance. This step may be opening a PPF account or starting an SIP or getting a demat account or just getting a piggy bank!. When decided to begin the journey, take that one small step . This will help you achieve your financial goals in the long run.