Now that DLF is reducing prices to reflect inflation adjusted 1998 prices i was curious to find out what should be the specific price today for a house which was worth Rs. 1 lakh in 1998. (more…)
Check out this crash course on Inflation (more…)
With the current inflation rates that are hitting India looks like increasing interest rates on loans new and existing (variable rate loans) are something to be keep yourself abreast of. The longer the duration of the loan, the more the impact of the rise in interest rate on your EMI. (more…)
Indian inflation reached a 13 year high of 11.42% for the week ending Jun 14, 2008. The government anticipates the rate increasing another 0.2 percent to hit its peak before it starts coming down due to the numerous policies of the government to reduce inflation rate. Not sure if their intention is to create a self fulfilling prophecy as I do not see inflation peaking after a 0.2% rise as the main component of this rise is crude oil and today crude hit a peak of $141 and is close to $142. (more…)
Don’t be fooled by the US Labor Department released Consumer Price Index as the government has a huge vested interest in suppressing real inflation rates…as Social Security Benefits increases, Government Budgets,…among others are pegged to this. So the last place you would expect to get real inflation rates is from the US Labor Department. (more…)
India’s inflation hit 11.05% in the first week of Jun 2008 hitting a 13 year high. Investors specially foreign investors have lost confidence in the abilities of RBI governor and the government as a whole to contain inflation. This loss of confidence is marked by them fleeing the market as they are hit by the twin whammy of falling stock markets and a depreciating Indian Rupee further eroding their dollars assets. (more…)
Now that our country has been independent for more than 60 years, its worth while to compare the progress we made by looking at objective numbers. Looking at the numbers below from a financial benefit perspective we find that our population has tripled from around 360 million to 1.1 billion and Urban Population has gone up from 17.3% to 28.7% more than a 10% increase which means that the price of land in urban centers is going to keep rising. (more…)
Employees in India are the biggest contributors to the governments’ coffers among their Asian peers on the basis of percentage of gross salary paid towards taxes and other payments such as social security contributions, according to a new study. (more…)