DDLJ, KKHH, Devdas and what not. So many movies, so many awards such a respected man in Indian cinema.
Can one think how much money he makes? I cannot but yes can say a LOT. Since am fascinated by Financial Market was wondering how much tax does Indian govt make from just Shah Rukh Khan alone apparently
NONE
Shocking but Shah Rukh Khan intelligent that he is, has a company in his name outside India and he basically says that he is working for his own company as a consultant. By working as a consultant to that company he basically asks all the producers to pay him through that company. This is because According to Indian taxation laws any money received outside India on entertainment is exempted from tax. So here Shah Rukh Khan is getting all the money but is not paying any tax to the govt. Suprisingly when people know about this why is there no action taken against it.
Hah funny thing is this man goes on singing in his movie "Phir bi Dil hai Hindustani" Kaha yaar Tax baro tab bolenge tera he dil hindustani.
Wednesday, March 26, 2008
Thursday, March 6, 2008
The Great M.F.Husain
Really is the word which strikes me when I hear his name and Does he deserve it?
Why? why? why?
M.F Husain born September 17th, 1915 is famous for his paintings. According to Forbes magazine, he has been called the "Picasso of India".Recently he has become more controversial. Reason as follows
Paintings of Hindu Gods and Godesses and Mother India all naked. Hindu Gods and Godesses and Mother India why? why are they all naked? Why should he depict the belief, the respect, the BHAKTI all naked? Why cant they be clad as Hindus see them. Complete adorned in beautiful silk clothing with gold and gem jewellry. Does he think that by potraying God naked it made the painting look beautiful? How less beautiful will it be with more colours and decency. All I can say is that it is art of Pornography by giving diety name.
Why? why? why?
M.F Husain born September 17th, 1915 is famous for his paintings. According to Forbes magazine, he has been called the "Picasso of India".Recently he has become more controversial. Reason as follows
Paintings of Hindu Gods and Godesses and Mother India all naked. Hindu Gods and Godesses and Mother India why? why are they all naked? Why should he depict the belief, the respect, the BHAKTI all naked? Why cant they be clad as Hindus see them. Complete adorned in beautiful silk clothing with gold and gem jewellry. Does he think that by potraying God naked it made the painting look beautiful? How less beautiful will it be with more colours and decency. All I can say is that it is art of Pornography by giving diety name.
What surprises me is "at this age" is it the only thing he could think of and paint? How about something which gives some meaning into life, how about just the picture of a waterfall, sunset. Is there a shortfall of topics. How about the cruelty animals face, how about the cruelty towards mother nature.
Cant answer this question WHY?/
Monday, March 3, 2008
Off the recession
Lucky that I am,
I entered the United Sates with a work visa, 2+ years of Mortgage sub-prime loans experience at that point of time my career was looking all bright and shiny. So once the eligibility card ie EAD (Employment Authorisation Card)was sent in I got the feeling of a winner already but "IT HAPPENED". Big companies who played in the sub prime market like UBS, Lehman Brothers, New Century, Citi Groups all started either laying off people or declaring millions of losses (again reminding me of my luck ). But not disheartened I went on applying for multiple jobs but unfortunately no reply. As my friend puts it in a funny way "apply apply no reply".
So this made me an avid follower of the News (never that I was). I started wondering as to what and who will do something about the recession which looked like to set in. Then just recently they said that the FED is changing the interest rates. This kind off sent me into a flashback into my college days where i had studied ways to come out of a recession. So I started my research on it so here are some of the ways by which recession can be taken care by the govt.
There are mainly 3 ways which I Found
-> Reserve Requirement
-> Discount Rate
-> Open market Operations.
But before going into the main ways of coming out, let me tell you about recession. Recession is a phase of Economic cycle where Unemployment is soaring(eg:me here, laid off people and new entrants into the market) , purchasing power of an individual is going down (eg:laid off people), prices of goods and services goes up (eg: Oil).
So the bottom underlying problem is the money supply by the FED is not matching with the demand for it. So here comes the way to tackle it.
Reserve Requirement:
All commercial banks, savings, checkings etc all of them have this rule that a certain percentage of money should be held back as reserves with the FED. That which cannot be either used for lending or any other operations. This basically is an amount sacrificed by the banks into the FED.
Coming to this as a measure, under recession the FED relaxes the percentage money on reserves to be kept aside by banks and hands over the addional money over the percentage received back to the Banks for lending purpose which has a multiplier effect. By doing so Banks have more money to lend so there motive is not to make more money here so they charge a very little interest rate on the borrower of money resulting in more consumption power by individuals, Businessmen Invest more (because of the less interest rate charged) creating more employment and slowly the purchasing power of the currency picks up.
Discount Rate:
This is where the Fed or Central Bank lend out money to other Banks at a discounted rate. This helps all the other Banks to lend more money but at a less interest rate, by doing so consumers have more money to buy more goods and services..increasing demand, Businessmen supply by investing more and employing more people to equal the supply so likewise it has the same affect as which happened in "Reserve Requirement" controlling the economy before it goes into recession.
Open Market Operations:
This is most widely used measure where the FED goes on buying securities inducing money into the market and money travels from one hand to another resulting a lift from recession.. The opposite will be done in case of Inflation.
Here i end this fascinating bit.. and yes dont call me a geek :-)
I entered the United Sates with a work visa, 2+ years of Mortgage sub-prime loans experience at that point of time my career was looking all bright and shiny. So once the eligibility card ie EAD (Employment Authorisation Card)was sent in I got the feeling of a winner already but "IT HAPPENED". Big companies who played in the sub prime market like UBS, Lehman Brothers, New Century, Citi Groups all started either laying off people or declaring millions of losses (again reminding me of my luck ). But not disheartened I went on applying for multiple jobs but unfortunately no reply. As my friend puts it in a funny way "apply apply no reply".
So this made me an avid follower of the News (never that I was). I started wondering as to what and who will do something about the recession which looked like to set in. Then just recently they said that the FED is changing the interest rates. This kind off sent me into a flashback into my college days where i had studied ways to come out of a recession. So I started my research on it so here are some of the ways by which recession can be taken care by the govt.
There are mainly 3 ways which I Found
-> Reserve Requirement
-> Discount Rate
-> Open market Operations.
But before going into the main ways of coming out, let me tell you about recession. Recession is a phase of Economic cycle where Unemployment is soaring(eg:me here, laid off people and new entrants into the market) , purchasing power of an individual is going down (eg:laid off people), prices of goods and services goes up (eg: Oil).
So the bottom underlying problem is the money supply by the FED is not matching with the demand for it. So here comes the way to tackle it.
Reserve Requirement:
All commercial banks, savings, checkings etc all of them have this rule that a certain percentage of money should be held back as reserves with the FED. That which cannot be either used for lending or any other operations. This basically is an amount sacrificed by the banks into the FED.
Coming to this as a measure, under recession the FED relaxes the percentage money on reserves to be kept aside by banks and hands over the addional money over the percentage received back to the Banks for lending purpose which has a multiplier effect. By doing so Banks have more money to lend so there motive is not to make more money here so they charge a very little interest rate on the borrower of money resulting in more consumption power by individuals, Businessmen Invest more (because of the less interest rate charged) creating more employment and slowly the purchasing power of the currency picks up.
Discount Rate:
This is where the Fed or Central Bank lend out money to other Banks at a discounted rate. This helps all the other Banks to lend more money but at a less interest rate, by doing so consumers have more money to buy more goods and services..increasing demand, Businessmen supply by investing more and employing more people to equal the supply so likewise it has the same affect as which happened in "Reserve Requirement" controlling the economy before it goes into recession.
Open Market Operations:
This is most widely used measure where the FED goes on buying securities inducing money into the market and money travels from one hand to another resulting a lift from recession.. The opposite will be done in case of Inflation.
Here i end this fascinating bit.. and yes dont call me a geek :-)
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