Kokula Krishna Hari K's

Budget 2015 Highlights Today (28th February, 2015) Finance Minister Arun Jaitley presented Union Budget, the highlights are: Taxation: ● Abolition of Wealth Tax. ● Additional 2% surcharge for the super rich with income of over Rs. 1 crore. ● Rate of corporate tax to be reduced to 25% over next four years. ●Total exemption of up to Rs. 4,44,200 can be achieved. ●100% exemption for contribution to Swachch Bharat, apart from CSR. ●Service tax increased to 14 per cent. Agriculture: ● Rs. 25,000 crore for Rural Infrastructure Development Bank. ● Rs. 5,300 crore to support Micro Irrigation Programme. ● Farmers credit - target of 8.5 lakh crore. Infrastructure: ● Rs. 70,000 crores to Infrastructure sector. ● Tax-free bonds for projects in rail road and irrigation ● PPP model for infrastructure development to be revitalised & govt. to bear majority of the risk. ● Rs. 150 crore allocated for Research & Development ● NITI to be established and involvement of entrepreneurs, researchers to...

In the continuation to the previous post portraying the ill effects of the Reserve Bank of India, here flows the second and final post. Already got many calls from top notch people for writing about RBI and will ensure that there are no bad remarks. Over 5 ATM Transactions Chargeable You would have heard this statements if you live in the metro cities. Yes, there has been an amendment with the Code of Banking Conducts to charge a customer who overuses ATM Facilities in-order to limit the crowd in ATMs. Again this is not a wise decision amended by RBI. For example, if I need INR 5000 for 10 days, I may walk into the ATM for withdrawal as per my requirement. Now, since there is a restriction, I may withdraw INR 5000 all in one time. Working on the actual case, I may need INR 100, INR 100, INR 2000 and so on for 10 days. Here the bank fails to have the customer's EoD Balance. The customer may withdraw even a huge amount. Another trait is that as we may be aware that the thefts these d...

The Reserve Bank of India (RBI) is India's Central Banking Institution, which controls the Monetary Policy of the Indian Rupee and other banks operating within India. Sometimes, RBI is well known for its stupidest decisions. Last December (2013), under the heading of the new Governor, there was a decision for increase in security by inputting the PIN at POS for transactions. Upto me this is one of the wrong decision take by RBI. A latest statistics quotes that the Debit / Credit Card are owned by 67% of the Upper Middle Class and High Class people across India. Of this the most of them are of high class. Just imagine for each and every transaction would the CEO go down to the cash counter to input the PIN? Or will he get down from the car while fueling up? No for both the cases, he needs to share his/her PIN to sub-ordinates or to the person who serves him. This is a very serious threat. Same way, I was in an average hotel a week ago. I happened to counter one of the balance 33% of...

It will be highly funny as well as crucial when a loan application is being rejected or approved. I thought of sharing a small incident which happened before the application was being approved. I was under the category of SALARIED. I recently got my Form 16. The loan process was too simple and got it done within few Hours. Though my office was at Chennai, I had a proof of Pondicherry which created some fuzz among the Bankers. Then they investigated it and got it done. Eventhough it was a secured loan, the bank was highly curious about the approval of my loan. When my CIBIL score was 764, they made it right under the clause. Now, its the time for me to ensure that the payments are being done regularly. I finally learnt how to get rid of the CIBIL Negative Scoring and to repair the CIBIL Score. If you wish to get some tips, let me, I will help to get rid it in few simple ways.