Home prices in May plummeted 15.8% from a year earlier, to 2004 price levels, wiping away four years of appreciation, according to the S&P/Case-Shiller 20-city home-price index released July 29.
Read more »Home Prices Hit Four Year Low
How to file your indian tax return
To file I-T returns, the choice for salaried individuals will be between the Indian Income Tax Return - 1 (ITR-1) and ITR-2 forms. If your earnings for the year are through salary income and interest earned on bank deposits, then ITR-1 is the form you should fill up.
Read more »Income Tax Return Online Filing at www.incometaxindiaefiling.gov.in
For a smooth Efiling experience please observe the following.
1>Completely prepare your return and generate xml and keep ready.
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Delhi Development Authority (DDA) flats in New Delhi for 40% less
DDA flats in New Delhi for 40% less than market price.
Delhi Development Authority's latest offer to sell 5000 flats beginning Monday at a price almost 40 per cent less than private developers.
Out of these 5,000 flats, 352 are three-bedroom flats, 889 two-bedroom ones, 3,231 one-bedroom and 286 expandable.
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RBI, Sebi clear decks for trading in currency futures
RBI and SEBI has introduced guidelines for currency futures in stock exchanges to manage volatility in the value of rupee. According to the final guidelines of the panel, only USD-rupee contracts of size US$1,000 would be allowed.
Read more »India Gold prices could crash to $600
The last one year has been the most volatile year for the king of precious metals--gold. The rates of the glittering yellow metal that was going at $600 around this time last year skyrocketed almost double to touch $1033 some weeks back.
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Sixth Pay Commission report to be put up for approval
The 6th Pay Commission report is part of the agenda for discussions being held today at the Prime Minister's Office. Sources added that Prime Minister Manmohan Singh may announce the higher wages for central government employees during his Independence day speech on August 15.
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SBI, associate banks officers go on strike over SBI-SBS merger
Officers of State Bank of India and its seven associate banks went on a day-long nationwide strike today to protest merger of State Bank of Saurashtra with the country’s largest lender SBI.“We are on a day-long strike to protest against the merger,” All-India State Bank Officers Federation President T N Goel said
Read more »MN : Most Unemployed Since 1983
The latest Minnesota state fair employment report is starting to look pretty bleak as the MN unemployment reaches the highest point since 1983.
The Minneapolis Star Tribune is reporting that unemployment increased by 16,800 in July to a total of 171,500 jobless, a 40,000 increase from a year ago.
Infosys to buy UK based Axon group for $753 million
Infosys is all set to buy UK based Axon group for 407 mn euros. The deal is to be completed by November 2008. The UK based Axon Group is into consultancy services.
Read more »Sun Outage : Change in trading hours on NSE, BSE
Trading hours at the Bombay Stock Exchange and the National Stock Exchange will change between September 24 and October 9 on account of Sun Outage.
Read more »Aug S&P/Case Shiller 20 City home price index down a record 16.6% yr-over-yr
Home prices in major US cities posted record year-over-year declines in August, providing more evidence that prices may not have bottomed out yet.
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