The financial lens

The Finance Minister slashed the corporate tax rate a couple of months ago and this has increased the expectation of the common man  from the 2020 Budget who is looking forward to changes which will increase his disposable income. Almost everyone is waiting for the ‘D-day’ when Nirmala Sitharaman, our Finance Minister will present the Union Budget 2020.Once again, expectations have started pouring in from all walks of life. The salaried individuals are expecting amendments in the income tax rates and slabs while other individual tax payers are expecting an increase in deduction under section 80C. Let’s try and understand the expectations in detail. There is an Expectation that finance minister may relax the personal income tax rates.The current income tax slabs and rates are as follows: Individuals with income up to Rs. 2.5 lakh are exempted from paying tax. Those earning between Rs. 2.5 lakh and Rs. 5 lakh fall in the 5% slab. Similarly, individuals earning between Rs. ...

This Article might get long but it has almost everything that one should know that led to the tension between the 2 country. In the hours after an American drone strike in Iraq killed Iran’s most important military leader, Maj. Gen. Qassim Suleimani, a question has dominated discussion on social media. Could this lead to war between the United States and Iran? The attack at Baghdad International Airport also killed Abu Mahdi al-Muhandis, the deputy commander of Iran-backed militias known as the Popular Mobilisation Forces (PMF). Iran's Supreme Leader Ayatollah Ali Khamenei swiftly pledged to take "severe revenge" for Soleimani's assassination.  So how all of these started? It was May 8 2018 when US President Donald trump annouced that US is Withdrawing  from the Iran nuclear deal, formally known as the Joint Comprehensive Plan Of Action (JCPOA). In response, Iran called Trump's decision "unacceptable" and said it would bypass W...

There’s a myth that the Indian Airline industry is not performing consistently. That’s not true at all! All the Indian airline companies are consistently making losses and there’s no single company that is out of this league (Except Indigo to some extent). But, how has the industry been able to maintain such consistency? What has made the industry so mundane? Aviation turbine fuel (ATF) is one of the important sections of the industry. Indian government didn’t not reduce the jet fuel prices in proportion to the fall in international crude oil prices. But, when there is a rise in crude prices, it increases in the fuel cost would eventually increase the operation of the airline. Besides, it could compel airlines to go for an upward fare revision to offset the increased cost of operations. Why, the jet fuel accounts for 45 percent of an airline's cost of operation. For the past one year, the ATF price has witnessed an increase of nearly 30 percent and around 25 percent in just last...