wealthymatters

London Property – A Global Reserve Currency

October 17, 2013 9 Comments

wealthymatters

According to Britain’s Office for National Statistics,London house prices rose 9.7% between July 2012 and July 2013.In fact for a number of years London real estate has returned an annualized return of round 10%.

World over, the UK political system is seen as stable and government policy as predictable.

Also,the property tax regime is very gentle.For example, the property taxes on Mayor Michael R Bloomberg’s $20 million London home comes to $3430.

Furthermore,if a person can demonstrate that he/she has a residence in another country.he/she is taxed on only his/her British earnings. Read more of this post

Filed under Alternative Assets Tagged with buying property in London, George Cameron Help To buy, investing in London real estate, Investing in real estate, London Real Estate, London real estate returns, postaday, property in London

Facing Criminal Charges…….

October 16, 2013 3 Comments

wealthymatters Today’s papers are full of Kumar Mangalam Birla being named in a first information report (FIR) related to alleged irregularities in coal block allocations.His is hardly the first prominent name to make it to the news in such fashion.Following is a list of other such names:

Aug 2013
Anil and Tina Ambani summoned as witnesses in the 2G scam case. In Feb 2011, Anil Ambani was subjected to sustained interrogation by the agency.

April 2013
Bharti Airtel chairman Sunil Mittal and Essar Group promoter Ravi Ruia had to submit personal bonds in a CBI special court as guarantees for their appearance in a case related to alleged excess allocation of radio airwaves in 2002.

July 2013
CBI had accused the industrialist MP Naveen Jindal of cheating and graft in one of its FIRs in the coalgate scam. CBI has also booked companies Jindal Steel and Power Limited and Gagan Sponge, which were allotted Amarkonda Murgadangal coal block in Birbhum, Jharkhand in 2008. Read more of this post

Filed under Tidbits Tagged with Anil Ambani, Anshuman Ruia, criminal cases, IP Khaitan, Jagan Mohan Reddy, Kiran Khaitan, Kumar Mangalam Birla, Naveen Jindal, Nimmagadda Prasad, postaday, Prashant Ruia, Ratan Tata, Ravi Ruia, Sanjay Chandra, Shahid Usman Balwa, Sunil Mittal, Tina Ambani, YS Rajasekhara Reddy

Hans Riegel On Selling To Children

October 16, 2013 Leave a comment

“I love children.They are my customers. I have to be informed about what they want to nibble, what they think, what language they speak.”

Mr. Riegel read children’s magazines and comic books for inspiration.