Rationale of Sharing Costs: Reliance and Bharti Airtel sign deal

Reliance Industries and Bharti Airtel ink agreement to share towers

Reliance Industries 4G rollout

Reliance Industries which is expected to roll out its much awaited 4-G services across the country has tied up with the largest telecom operator of the country, Bharti Airtel to share its telecom infrastructure. This move is expected to bring a number of advantages for both the companies.

Expected benefits to new-entrant Reliance Industries

The new entrant into the highly competitive market would save on its cost of investment and operations as it would start its operations riding on the shared telecom infrastructure of Bharti.

Functions of Commercial banks in India

Functions of Commercial banks in India 

Commercial Banks like State Bank of India play a lot of important roles and functions as explained below.

I. Primary / Banking Functions :-

Commercial banks have two important banking functions. One is accepting deposits and other is advancing loans.

• 1.1 Deposits :-

One of the main function of a bank is to accept deposits from the public. Deposits are accepted by the banks in various forms.

Functions of Central Bank (Reserve Bank of India)

Functions of Central Bank (Reserve Bank of India)

Central bank of a country is the primary bank of the country. It works as the most important institution in the financial system of the economy. In India,Reserve Bank of India plays the role of Central Bank's role.

The main functions of Central Bank of any country are:

Functions of Central Bank.     Downloaded from Inspire Academy

Katrina Kaif's case in Service Tax rules

Katrina Kaif's case in Service Tax rules

Katrina Kaif's Service Tax worries

The Tax authorities had demanded payment of Rs. 2.79 crore and interest and penalyty of Rs. 34 lakhs as Service Tax payment dues from leading Bollywood actress, Katrina Kaif. The Indirect Taxes Appellate Tribunal has made a ruling in favour of the leading lady. The main points of discourse in this case are:

Katrina Kaif's agent Matrix India Entertainment Consultants had been entrusted the task of collecting payments and making service tax payments on her behalf. The agent had made payment of Service Tax albeit under the wrong head of advertising services instaed of "business auxiliary services". Contesting the claim of Tax department, the counelf of Katrina Kaif argued that the payment of Service Tax had been made, even though under wrong head, and so she is not liable for payment of additional tax and penalty charges.

It makes it clear that an agent is allowed to make payment of behalf of a principal and the prinicipal gets due credit of the same.

What is the Financial Implication of Politics on Business and Economy - A look at USA and China

What are the financial implications of politics?

Much have been spoken about the implications of American election result of business and economy in India and Mr. Barrack Obama is back once more in White House for another 4-year term. While the vanguard of free markets and capitalism America was preparing for a pitched battle for democracy, China which represents the other spectrum of economic and political set-up (the communist) was having a change of guard too. Two of the world's largest economies were having major political changes and much was at stake for the world economy. This brings us to the questions : Why is politics so important to economy? What does politics or the lack of it adds to the economy?

Reforms, Liberalisation and Congress - From Indira to Sonia Gandhi

Indian reforms policy under  two Congress leaders - Indira Gandhi and Sonia Gandhi

It was a historical Sunday on 04.11.2012 when current Congress supremo Sonia Gandhi fought to dispel the notion that reforms are anti-nationalism. It brings out completion of interesting turn of events in Congress party and larger eco-political landscape of India. Sonia Gandhi has finally reversed much of what her mother-in-law Indira Gandhi, former Prime Minister had done in late 1960's. 

Business of Movies - What Diwali means for Box Office

"Diwali is all mine" - Shah Rukh Khan has made it very loud and clear too wannabe releases during Diwali festivities. However, Diwali, 2012 seems to be an odd case where challengers to SRK are no less than Ajay Devgn, whose recent past releases Singham and Bol Bachan are sitting high up in 100-crore club and it is also supported by Sanjay Dutt and cameo of Bollywood darling Salman Khan.

So, are we looking at some serious fireworks at box office in Diwali this year? Audiences shall surely have a lot to choose from when they turn to the movie theaters.