Government Policy, Finance and general News and Articles

  • Apr
  • 25
  • 2012

Excel Tips – Number of Days, Weeks, Months & Years between Dates

Added In Finance
To calculate the difference in days, use the DATEDIF function as shown in the following formula: =DATEDIF(A2,B2,”d”) To calculate the difference in weeks, use the INT function as shown in the following formula: =INT((B2-A2)/7) To calculate the difference in months, use the DATEDIF function as shown in the following formula: =DATEDIF(A2,B2,”m”)

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  • Apr
  • 24
  • 2012

Make Auspicious Investing Today – It’s Akshaya Tritiya

Added In Finance
Investments and sale to consumers does pick up around Akshaya Tritiya, one of the most auspicious days in the hindi calendar to buy gold, silver , jewellery and to make investment. ‘Akshaya’ means some thing which never diminishes. It is believed that all investments on this day appreciates. Infact, as per astrology, each moment today is auspicious. Though Akshaya Tritiya falls on 24th April, people are celebrating and offering discounts and schemes to lure customers through out the week. People are also eager to bring wealth and prosperity to one’s door steps. Not only this, World Gold Council has offered a 6 percent off on gold coins to celebrate Akshaya Tritya and tied up with Indian posts.

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  • Apr
  • 24
  • 2012

Diesel prices linked with market rates , Prices my go up

Added In Finance
The government today said that it has taken an in-principle decision to link diesel prices with market rates, however, there is no proposal at present to fully deregulate cooking gas price. Minister of State for Finance, Namo Narain Meena said this in a written reply to the Rajya Sabha today. While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a large budgetary expenditure on subsidies.

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  • Apr
  • 24
  • 2012

How to Combine VLookup and Match formulas in Microsoft Excel

Added In Finance
The VLookup formula returns data from any column you choose in the data table, simply change the number of the column in the third argument. Although it sounds simple, there is a catch. How can you determine the number of a column in a data table that contains numerous columns? How can you easily change the number of the column in the third argument of the VLookup formula? How can you easily change the column number in multiple formulas in a worksheet from which complex reports are prepared or in a sheet that contains multiple VLookup formulas?

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  • Apr
  • 19
  • 2012

All about Public Provident Fund Scheme (PPF)

Added In Finance
Every individual desirous of subscribing to Fund under the Scheme for the first time either on his own behalf or on behalf of a minor of whom he is the guardian or on behalf of a Hindu Undivided Family of which he is a member or on behalf of an Association of persons or a Body of individuals as referred to in sub rule 2(b) of Rule 3 above shall apply to the Accounts Office in Form A, or as near thereto as possible together with the amount of initial subscription which shall be integral multiples of Rs.5

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  • Apr
  • 18
  • 2012

IDBI Bank loans become cheaper following 25 bps reduction in Base Rate

Added In Finance
IDBI Bank’s loans, linked to Base Rate/BPLR, will become cheaper following a 25 bps reduction in Base Rate (to 10.50%) and BPLR (to 15.00%), with effect from April 20, 2012. IDBI Bank has taken this pro-active step, keeping in view the recent policy measures announced by the RBI and the emerging market conditions expected to arise out of the transmission of these monetary measures. The Bank has also decided to reduce the Retail Term Deposit Rates by 10-50 bps in various buckets having maturity of ‘six months and above’.

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  • Apr
  • 17
  • 2012

Petro Companies wants to Raise petrol prices by Rs. 9.6 rupees a litre

Added In Finance
State-run oil companies have served an ultimatum to the government that they will raise petrol prices by 9.6 rupees a litre if excise duty is not cut or they are not provided compensation for 49-crore rupees loss per day on fuel sale.

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  • Apr
  • 13
  • 2012

Trading Strategies for investments in Stock market

Added In Finance
Stock Market are subject to Market Risk. Do the Fundamental analysis and review past performance. Read and understand basic Terminology of stock Market. Strictly adhere to Stop loss.

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  • Apr
  • 13
  • 2012

Best practices of writing a cheque correctly

Added In Finance
K. Srinivas CWA A bank cheque is a written order directing your bank to pay a certain sum of money against your bank balance. Almost every one of us use cheques extensively to make payments for utility bills, insurance payments etc; Writing a cheque may sound simple to many of us but believe me, writing [...]

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  • Apr
  • 12
  • 2012

Union Cabinet approves Public Procurement Bill, 2012

Added In Finance
The Bill seeks to regulate procurement by Ministries/ Departments of the Central Government and its attached/subordinate offices, Central Public Sector Enterprises (CPSEs), autonomous and statutory bodies controlled by the Central Government and other procuring entities with the objectives of ensuring transparency, accountability and probity in the procurement process, fair and equitable treatment of bidders, promoting competition, enhancing efficiency and economy, safeguarding integrity in the procurement process and enhancing public confidence in public procurement. The Bill is based on broad principles and envisages a set of detailed rules, guidelines and model documents.

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