NRI & FATCA
This spot will fill up on finance/biz news ….
GST roll out is the talk of Finance ministry of the Central Government in India. Initially though few of the states opposed the move, subsequent assurance and reassurance have made them agree.
Share Market shoots up.
This has been the best year for the share market (in the last so many years). Though losing ground in the last week, the market has been upbeat. Three or four factors in favor of the market. Falling Crude prices, Increased FII inflows, rupee remaining stable being the main.
As the last day of the year slowly ticks away, happened to read that it is a good time to invest in real estate (in India) and that prices will see an upward swing in the last quarter of 2015.In the year 2014, except for few select spots in select cities, real estate market was not buzzing.
January 5th, 2014
The market is showing concern by the supposedly huge lay off by Indian IT major Tata Consulting Services(TCS). Seizing the opportunity, Trade Unions have approached software engineers to resist the job cut. TCS officials say this is normal and they are going ahead with their hiring plans for the year 2015. Reports say TCS plans to hire 35,000 fresh talent in 2015.
The IT industry association -NASSCOM is reportedly taking stock of the situation.
It is being reported that Chennai based group of IT professionals called Young Tamil Nadu Movement is planning to take legal course of action.
Is the IT industry in India going to get Unionised?
January 8th, 2015.
- BSE saw blood bath on Jan 6th, 2015.
- Biggest crash since 2009.
- Sensex shed 900 plus points.
- Crude price fall said to be major reason which triggered the crash.
- Indices of all sectors took a beating.