This was something I found by accident and I am proud to share it with you. I had not known that Karnataka had so many banks established and the reason for establishment can be attributed to Swadeshi movement which led to the agitated entrepreneurs to establish banks for the obvious need, i.e. money. Continue reading
Public Debt is the also at times known as “Government Debt”. It is the money owed by any level of government whether it is the central, state or local government. Local government is our municipality, gram panchayat and the similar ones. Continue reading
I was going through the budget and this term was used quite frequently. I was perplexed and hence thought let me find more details about it.
These are the economic terms the economists use to scare the common man. In simple words it is a gap between the expenditure and the income. The gap between the government’s income and expenditure is known as Fiscal Deficit. The government’s borrowing is not considered as income. Generally the fiscal deficit can be financed from the Reserve Bank of India (which is referred to as Deficit financing or money creation) or from the market borrowing (primarily from the banks). Continue reading
A funny one.. Recently I stumbled upon this and I thought I will share the same with you. Sorry for not giving the credits to the original author as it was a forward to me.
1. MARKETING You are ambitious yet stupid. You chose a marketing degree to avoid having to study in college, concentrating instead on drinking and socializing which is pretty much what your job responsibilities are now. Least compatible with Sales.
2. SALES Laziest of all signs, often referred to as “marketing without a degree.” You are also self-centered and paranoid. Unless someone calls you and begs you to take their money, you like to avoid contact with customers so you can “concentrate on the big picture.” You seek admiration for your golf game throughout your life. Continue reading
Please read the Part 1, before reading the Part 2.
Rule no. 6: Don’t spend more than you make
I think this rule is very simple. I don’t think I need to explain this rule. Isn’t it self explanatory? If you spend more than your income you will be in trouble. Honestly most of us don’t really know how much we are spending and how much we are earning. The relationship between spending and earning is not very complex but the understanding that we have is not very clear. Continue reading
Engineer's Finance 