Money Today Archive March 20, 2008 Issue
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Edition: March 20, 2008

Cover Story

Budget 2008: Gain in income, lose in service

Service tax has come a long way from the time when it was imposed at 5% on telephone bills, stock-broking charges and general insurance premium. The tax rate has since jumped to effectively 12.36%, including the cess. This Budget has added four new services in the tax net, taking the tally to 104.
In this MT Issue
Rajshree Kukreti
An art teacher in a school, Shiv Kumar, 33, sculpts to add to his income. Read his story to know how he manages it.
  • Anywhere ATM You might have an account with a wellknown bank that gives you great service—but which has only a handful of ATMs in your city.  The lack of ATMs can be a limitation, especially when you see State Bank of India or ICICI Bank ATMs on almost every street.
Mutual Fund
Relatively newer funds are among the best performing equity diversified and tax planning funds. In equity diversified, Reliance Regular Savings has delivered consistent returns since inception.
  • Gaining from emerging markets Tata Growing Economies Infrastructure Fund  provides two plans.  The Fund Manager's role is to generate capital appreciation by investing in stocks of infrastructure companies in India and other growing economies of the world.
Tax
If you have been a part of a recognised PF for five years or more, the amount withdrawn will be exempt from tax.
Technology
The good news is that most of these fancy doodads are available in India. Here’s a peek at some of what’s available today.
Stocks
The small-cap universe is a treasure trove of bargains—provided you can spot them. Between the four stocks listed on this page and the one that Mudar Patherya analyses in detail in his column, we will track five small-cap stocks in every issue.
  • Essar Shipping performs well

    Metal stocks gained favour due to rising global prices. Small and mid-caps are leading market recovery.

  • Divide and prosper Demerging companies could bring a bonanza for shareholders by unlocking value. Money Today identifies 11 potential demerger stocks that could make you rich.
  • Solidity better than sexiness Dipen Sheth lists some stocks that he would want to exit, and use the cash to buy relatively ‘safe’ stocks for the Zoom portfolio. Here are his buy and sell clues.
Expert View
Dipen Sheth
The Budget has raised your post-tax income. How best can you invest this extra cash? The options are many and almost equally attractive—or so they seem. Our columnist takes your through the choices to prove why equities should be your first—and perhaps the best—bet.
  • Adding lustre to chrome Rohit Ferro is in the right place at the right time. Ferro chrome is riding an unprecedented stainless steel rebound. The company's forward and backward integration plans make it attractive.
Travel
Sushmita Choudhury
A club room is no longer just a larger space with fancier toiletries. At the same time not all business travellers need to check into one. Here’s how to decide if the executive floor is really worth it
BASICS
The government’s annual budget keeps track of the country’s income and expenses. You need a family budget for the same reasons. Once you track your income and spending, you will know how much you can invest.
Portfolio Doctor
This Shantiniketan-based couple must invest savings in equities for accelerating growth of their portfolio.
Books
Sameer Bhardwaj
Understanding Stocks is an essential guide for those craving to make money in the stock markets. It acts as a tutorial for learning basic as well as sophisticated trading strategies.
Query Corner
If you do not have any liabilities, Rs 40 lakh retirement corpus can give you a modest monthly income. If investments will be your only source of income, key concern should be preservation of capital.
Insight
Namrata Dadwal
Price is not the same as value. The most expensive product isn’t always the best value for your money. This section highlights the least expensive model in a product category. If price is of no consequence, check out the most expensive model. 
Editors Note
Rohit Saran
P Chidambaram has raised your real income by cutting taxes and that will help you spend and save more in 2008-9.
Talk Back
The investment intelligence of youngsters is little known. However, as the story and the survey revealed, today’s generation is not blindly blowing up it’s runaway salaries. Instead, by investing early they have taken a jump-start in the process of wealth creation.
Now and Then
Indians are among the most highly taxed in the world. But believe us, things are not as bad as they were a few years ago.
Financial Rights
Priya Kapoor
Errabbi Bezawada tells you how he fought for his rights when a company reneged on a contracted repayment.

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