Budget 09 is a mix bag of hits and misses

Budget 09 is a mix bag of hits and misses Taking the Human Resources Development Minister, Kapil Sibal's vision forward of revolutionising the education system (primarily school level), in India, Finance... Read more...				EXPERT SPEAK FBT gone, but pay perquisite tax on ESOPs ONE can't help but get the feeling that the tinkering exercise that Budget 2009 eventually turned into is a precursor to the new tax code. Budget 2009 has indeed been strange. Read More

Abolishment of FBT will help common man Budget 09 has focused on consumption and inclusive growth. Budget 2009: Bad for personal finance In the sphere of Personal Finance, the Budget 2009 -2010 provides for meagre tax concessions. LOANS I defaulted on my EMIs five times; what happens now? Have you insured your home loan? CREDIT CARDS Losing money is easy The myth of the free lunch STOCKS & FUNDS Simple ways to spot multibaggers What you just should not believe!		Car insurance and monsoon safety ASK anyone reeling under the sun, what a good escape from the heat would be. In most likelihood, the answer Read More TOOLS YOU MUST USE Contingency fund calculator What is your ideal asset allocation PROFILES Don't let higher EMIs ruin your budget MEET Jaidev Iyer, a middle management professional with a media company in Mumbai. In April 2007, he took a 20-year floating rate loan of Rs 44 lakh (Rs 44,00,000). With this, he purchased a two-and-a-half bedroom-hall-kitchen flat, in a Central suburb in Mumbai. Now, home loans with floating interest rates can be tricky; the moment you take the loan, the rate seems to start climbing, upwards. PROFILES Franchising: Their money, my profit Haresh Kukreja fancied the stock market a great deal. This Mumbai boy knew that a career in this field was his calling. After a few hurdles, Haresh, along with a partner, set up Investhub Financial Services, a franchisee for a popular broking house. After the initial struggles, they now run a successful firm.