Finance minister Pranab Mukherjee along with his predecessor P.Chidambaram released a new Income Tax Code in New Delhi on 12th Aug’09, which seeks to simplify and replace the 48-years-old Income Tax Act 1961. The most salient features of this code are that it boosts savings greatly and highly simplifies tax calculation procedures. Putting the code […]
Did China’s savings add to global crisis?
Chinese leaders are trying to boost the economy by floating the slogan: ‘To spend is patriotic’. Economists say a consumer boom may be a cure to the global downturn. Says Standard Chartered’s chief economist Gerard Lyons: "We need to move to a more balanced global economy. This adjustment requires deficit economies in the West to […]
Late Christmas Shopping Ideas For Maximum Savings
If you want to save up to 75 per cent of your Christmas shopping budget, wait till a few hours before the stores’ scheduled closing time. Some stores close an hour before Christmas Eve. Big names like Macy’s stay opened round the clock. ABC News reported that 13 stores in the east coast and Midwest […]
EU may increase Savings Guarantee
Ireland (GroundReport) – According to reports, the finance minister of Ireland has said the European Union is mulling increasing government guarantees for private savings in banks across the 27-nation bloc. Irish Finance Minister Brian Lenihan said savings of up to €100,000 ($135,000) would be guaranteed by EU governments, reports The Associated Press. Until recently, prior […]
Just in Time for Latest iPhone: Union Plus Offers 10 Percent Savings
Posted by Mike Hall to AFL-CIO NOW If you’re one of the high-wired among us who was in line last week waiting for the latest version of the iPhone 3G (or maybe you’ve even named your dog Blue Tooth or your cat Wii), Union Plus can save you a few bucks with the Union Plus […]
Morocco’s Blogosphere Livid Against Daylight Savings
The modern concept of Daylight Savings Time was conceived by William Willett in 1905 and was first initiated by Germany in 1916. Most of the world does not participate in Daylight Savings Time, and until recently, Morocco was no exception. This year, however, the Moroccan government decided to re-introduce DST. Margot the Marrakesh Mystic: "By […]
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