During the last few years, most cities have witnessed a huge increase in property rates. The main property markets are Mumbai, Delhi, NCR, Chennai, Bangalore and Pune which had a great increase in price of properties. During the last few months, the property rates of these cities increased except Mumbai and Hyderabad. Real Estate in India is currently under tremendous disputing phase with macro economic problems such as poor liquidity, rise in cost of construction, high land prices, delay in projects, higher interest rates, etc.
Monthly Archive: June 2012
China has over 22.55 lakh military squad and 9000 aircrafts with 2000 fighter planes whereas India has 13.25 lakh military squad and 3000 aircrafts with 790 fighter planes. Indian Army has 10,340 land based weapons, 3,898 tanks, 4175 towed artillery. China Army has 31,300 land based weapons, 8,200 tanks, 14,000 towed artillery.
The impact of such weak rupee is that it affects not only every sector but also Individuals in the country. Everything becomes costly, since our economy runs on oil so increase in oil prices raises price of every necessary thing, started from travelling to food items to, steel prices, everything that runs on oil. Inflation will reach another height and so is cost of living.
Travelling abroad becomes very costly which includes travelling expense, hotel expense, etc can hike up by 15%. Students studying abroad for higher education are also affected as they have to pay more course fees, travelling, accommodation, etc. Imported electronic items and services also become expensive.
When money is transacted from one person or an organization to the other using plastic money then it is recorded. Hence when income is received by the person or organization, then that income amount is always recorded. Every time the person or the organization receives any amount of money, it is recorded and so the total income of the person or the organization is known to the income tax office. And the tax that is required to be paid by the person or organization is also calculated and so he or she cannot escape from paying the tax and hence in this manner plastic money creates a pressure on the person or the organization for the prevention of tax evasion.