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Goodbye “Year of Wisdom” & welcome “Year of Opportunities”

  Goodbye “ Year of Wisdom ” & welcome “ Year of Opportunities ” You are reading this blog in the first week of January 2021, the year of hope, possibilities and opportunities. 2020 has made us to accept that nature or the universe or whatever name you call, is the only best teacher on this earth. In the teacher's fraternity we claim that higher degrees, doctorates, experience help us to teach. On the other hand, divine nature teaches by letting the people experience the things in reality. You may say madam, you always write about finance, accounts or related subjects then why it's having the shades of divinity or philosophy. My readers, I also understand the limitations of person's knowledge and his/her potential to express the same. This year has really taught us the criteria of measuring growth. Growth cannot be measured with tools having only the economical or financial variables but it should be based on the 3 concepts   Financial or Economical variables ...
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GDP for the first quarter is negative but share market is recovered to the level of pre lockdown. If the economy is declining, why share market is recovering?

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In the last week, we have read that Indian economy has reported negative GDP of -23%. At the same time during the last 6 months, we have also read about the recovery of the share market. My inquisitive readers are definitely questions like 1.        If there was no production or service activity in the economy, how share market is recovered? 2.        If the share market is rising in spite of the nil activity, does it mean that there is no relation in the GDP, economical activities and share market trend? Let’s understand the meaning of the GDP i.e Gross Domestic Product in the simple manner. GDP at market prices = GVA at basic prices + Product taxes- Product subsidies From the above equation, it’s very important to understand the meaning of GVA for understanding the concept of the GDP apart from taxes and subsidies part Gross value added is the measure of total value of goods and services produced in the econo...
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Donation and Income tax Provision

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  Since the last week, we all are celebrating one of most favourite festivals “Ganeshsotsva”. Maharashtra state in India is well known for its big & informative pandals and eco-friendly decorations. This year due to pandemic situation, every group/Mandal/trust is celebrating the festival with utmost care and taking all the possible measures for avoiding the crowd. Few organisers have organised the festival through online platforms with the live daily “Pooja” & “Aarti” (Prayers). On this occasion first, I would like to appreciate all the members of the “Ganesh Mandal” not only for their caring behaviour but also the work they have done for lonely senior citizens, poor people during the lockdown. During this period, these people worked fearlessly to satisfy the daily needs of old people who are living alone or needy ones. In India “Dan” means act of donating has played a very crucial role in the daily life. “Act of donating” is considered as the kind and compassionate behav...
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