Friday, November 18, 2005

Eternal Peace

The day after I wrote my previous blog a disastrous event struck my life . I lost my father . He was suffering from PSP ( Progressive Supranuclear Palsy) a nervous disorder which can never be cured atleast for now !!!. Though I was preparing myself for the inevitable, I wasnt yet fully ready to take it on my stride. More than me I felt sad for my mother. The day March 2 , 2005 arrived and it happened. It took me some time to shake me out fo the grief.
Slowly but steadily I started to think about death. Most of us shy away from even talking about death thinking thats an evil. But how many of us thought about the beauty of death.
Death - I would term it as an eternal peace or atleast a journey towards peace .All of us should learn to enjoy death as we enjoy birth. Birth and death are a part of the cycle. How we learn to come out of this cycle is the core philosophy of Hinduism.
If one think with a broader mind one shall start realising that death is not as bad as it is. The way we die is. We all should live this life like this was our last day in this land as we never know when we go away. We should do the best to keep ourselves and our the humanity happy in the way we could.
We should welcome death as we welcome birth. After all death is final place of rest .


"Punarapi maranam punarapi jananam" - Sankaracharya

Wednesday, March 02, 2005

Taxing Taxes

This year's budget was awaited with 'great expectations' by countless middle class people in India. He did not disappoint us . He has resturctured the existing tax regime. Typically the salaried class will be benefitted by his announcement . The minimum taxable income has become 1 lakh which is good . Standard deductions have been abolished. This might look like a negative announcement . But then the increase minimum taxable in answers it all .

Also , he has made investments cleaner . prior to this we had limits on various schemes.ELSS was capped at 10000 . Section 88 had a limit of 70000. Also these were rebates at the taxable income .

He has removed all caps and made the retail investor choose the investment option on his own . For a young and aggressive investor like me his new announcement has come as a boon. This could increase equity inflow thrugh ELSS schemes . These investments would be treated as dedeuctions rather than the already existing rebates . Meaning every investor would save 15% tax more than what he was doing before on his investments . Most of us should not forget that Pension funds should be in ones portfolio along with other asset classes.

He has introduced tax on cash withdrawals .This he claims would be serving as tax trails. 10000 is too less an amount to have this introduced. Tax for the money we have already been taxed !!!!

By far this budget has come as a relief for the middle class salaried people .

Of Course one would always wish that we had lesser taxesl . That's human attitude .The more you are given the more we want .


Monday, February 21, 2005

Madhu's First blog

It took me so long to convince myself that blogging could be interesting as well..Now that I am convinced you would see a lot of my blogs very soon.

Welcome to the world of blogss!!!