Standard & Poor(S&P), the world’s foremost credit rating agency downgraded the credit rating of the United States federal government from AAA to AA+. Budget deficit along with political climate was the main reason behind this downgrading. United States government lost confidence of S&P and was downgraded for the first time as, S&P doubted the ability [...]

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After the declaration of Union Budget, 2011, fiscal deficit is seen at 4.6% for FY11 and the growth economy to be 9%. The disinvestment of Rs 40,000 crores is also expected to raise funds. All this has made market rise high resulting in gain in the sectors of banks, auto and capital goods. Fuel price [...]

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Union Budget 2011 has been released by the country’s Finance Minister, Mr. Pranab Mukherjee on 28th Feb, 2011 and highlights of it are as follows: The Finance Minister Mr. Pranab Mukherjee tabled the Indian Union Budget 2011-12 on Feb 28th 2011. It was one of the most awaited events for the stock markets, corporate and [...]

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With number of proposals for real estate buyers, DTC bill is about to be introduced in the Parliament the next month. The proposal mainly deals with tax concessions of Rs 1.5 lakhs to be given to people who have taken loan in order to buy home and have to pay interest. If the house is [...]

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The large indices consisting of exchanges such as Europe, US, Asia have a total of 24 global exchanges. And now, it has been allowed by Securities and Exchange Board of India (SEBI) for India as well to be a part of those large indices, which implies that from now on even Indian investors will be [...]

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