Don't cling to this budget

Everyone has their eyes on the Indian Finance Minister would rise to present the budget on 6th July. Many expectations have been built in the minds of people due to continuous propaganda by the media. The media has been spinning many ideas as to what, how, why should a budget be. This hyped it all. I am not expecting anything big from this budget though. The finance minister has to tackle recession, fiscal deficit and a lot of other problems. The budget is going to pull the stocks down, rise the prices of goods and common people are going to feel the burnt too. Coming to investing as of now, Keep your cash in the same form till then. I think you should think getting your vehicle refueled as the prices are going to hike. Same goes with your rice, cooking oil, vegetables, milk, etc.

The appointment of Nandan Nilekeni as National ID card project is welcome step in reducing the corruption more than changing the security. Private participation in public assignments not only makes things close faster but also refines the way work is done.

Fighting Inflation

In order to maintain profitability, firms have increased prices, which is making consumers dig deeper into their pockets.

Manufacturers have also tweaked package sizes — reducing weight while maintaining price bands — in order to indirectly pass on the burden to consumers. “Britannia Industries Ltd had done that — reduced the grammage but kept the price same."

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Think Again

Mahesh Dattani writes...

What did we miss out on by not paying that fortune for a multiplex movie watching experience? We missed out on the stale air in the theatre, the air conditioning that is probably bad for your health, the heavily fattening, overpriced milk shakes, and the annoying titters and comments of people in the row behind who find the movie boring but have nothing better to do with their time, money or their lives.

The rising cost of leisure activities will affect the upper middle class soon as the consequences of global recession hit them in the next fifteen minutes.
....
What if we all spend less, even if we do have spare money? .... Think of all the no-expense leisure activities and you will be amazed at how creative you can get. Fly a kite with your kids or play a board game at home. You can make the kite and the board game yourself or with the whole family. Spend less, borrow less, and pay off your debts but binge on love and fresh air.

The best is still for free.

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Scared of Inflation? Think Again!

The Indian people and the government are both quaking with fear with inflation hovering at around 8%. The people can barely make two ends meet with prices soaring, and the government knows that if prices don't fall, the government will.
But India is not the only nation grappling with rising inflation. The entire world is.

Worlds worst hit:

1. Zimbabwe: 355,000%


2. Iraq: 53.2%


3. Guinea: 30.9%


4. San Tome and Principe: 23.1%


5. Yemen: 20.8%


6. Myanmar: 20%


7. Uzbekistan: 19.8%


8. Democratic Republic of Congo: 18.2%


9. Afghanistan: 17%


10. Serbia: 15.5%

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