Year: 2011
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Is It Better to Buy or Rent? – NYTimes.com
NYTimes.com has a nice interactive chart to evaluate if renting or buying a home is better option. Although the chart is for $ investments it wont matter what currency you use.
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India v China: Who grew faster in 2010
It seems that finally India grew faster than China in 2010.Surprisingly it happened without much fanfare. The reasons for this anomaly are even curious to read. Unlike most major economies that calculate GDP by expenditure method, India calculates its GDP by Factor Cost method. That means India adds up the income earned to arrive at…
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SuperFreakonomics (by Steven D. Levitt & Stephen J. Dubner)
SuperFreakonomics is a thought provoking sequel to Freaknomics. This book takes forward the core theme from the first book – People respond to incentives in myriad ways. Unlike other books on economics, SuperFreakonomics has no big concepts or frameworks. It does not conform strictly to a book on macro or micro economics. Instead, the book…
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How IFRS will impact financial statements
A good article in Livemint about how the switch over to IFRS will impact Indian firms. IFRS is going to have significant impact on the financial statements of Indian companies following Indian GAAP standards. IFRS mandates different accounting norms compared to Indian GAAP for recognizing Business combinations, Special Purpose Verhicles, FCCBs, ESOPs and Derivatives. Most…