Effective Personal Income Tax Rates In The Last Decade


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Arun Bhatia Family


wealthymattersIf you have been following the Air Asia JV in India,you are bound to have come across the company Telestra Tradeplace. If you are curious to read more about the people behind this obscure company,continue reading this post.You will definitely get to know more about how business is actually done.

According to filings with the Registrar of Companies,Telestra Tradeplace was registered in August 2001.It has a paid up capital of Rs 1 lakh and  made a profit of Rs 31.09 lakh in the year ended March 2012 as against Rs 52.9 lakh a year ago. The company has invested around Rs 1.5 crore in Cavim Realty, indicating an interest in the real estate business.As of September 2012, the Bhatia family owns the entire shareholding of the firm. Read more of this post

More About Tony Fernandes


wealthymattersIf you have just recently begun hearing about Tony Fernandes of Air Asia in terms of the new JV in India,and want to know a little more about him,here is an interview from Indonesia.It makes for interesting viewing and gives an insight into his mind.This could prove to be useful if you are trying to estimate how this JV will effect your airline stocks.Also there is much material for entrepreneurs to mine for nuggets to improve their own businesses. Read more of this post

Branded Food Stalls At Weddings


wealthymattersEver wondered how much it costs to have a branded food stall at a wedding?Well here are some figures to give you an idea:

A parlour of Haagen-Dazs costs 5-8 lakhs per evening

A Costa Coffee Bar costs about 3 lakhs.

 

 

Jewellery From Recycled Silver


wealthymattersMelting down old jewellery,utensils and coins to fashion new jewellery is old hat in India.Local craftsmen do this routinely as their customers periodically refashion their jewellery.

But in the last few years,the higher bullion prices have made melting old zari,a profitable source of recycled precious metals.Hence the increasing popularity of buying old silk saris these days.‘Zari’,for the uninitiated, is silk thread, twisted with a thin silver wire and then gilded with gold.It is interleaved with the silk weave to create the designs or motifs on sarees like the Kancheevaram.

As an aside, in case you are thinking of buying/selling zari items here is  some useful information :By custom, 1 Kg of zari would have approximately 500 gms of pure silver, around 5-51/2 Gms of gold.The cost of the saree depends on the purity of the zari. But now a days the quantity of pure metal used is less – only 420 to 470 grams of silver and 3 to 3.5 grams of gold.And if you go for the gold standard in hand loom silks, as per the Geographical Indication (GI) label, a Kancheevaram saree should have 57% silver and 0.6% gold in the Zari. The Tamil Nadu State government has relaxed this ruling to 40% silver and 0.5% gold,to protect weavers in the face of the increased price of bullion.So good luck haggling for the recyclable metal. Read more of this post