World Of Finance

        World of Finance by M.Vijaya Sai Introduction: When Investment Centers have been established, these would be considered as autonomous units. They would be free to purchase their raw materials direct from the market or from their own departments. In case of the latter, there are many advantages like (i) it would be cheaper to buy from own departments, (ii) there would be more quality assurance and reliability. Also, it would be beneficial to the selling department because (i) there would no packing and external transportation costs, and (ii) there would be no bad debt. Why Transfer Pricing? Chief Executive of a big company cannot monitor and control operations of each and every sub-unit. So the sub-units are turned into Investment Centers and necessary authority is delegated to their managers.But in a decentralization, there are difficulties in evaluating the performance of the managers. Further, there is a problem of coordination. So a method is needed to asce

        World of Finance by M.Vijaya Sai Think twice before you act. Here I mean we all must plan well in hand before we spend.This could save our money,resources and energy.These savings can be used elsewhere when it is necessary. Doctors often say "Prevention is better than cure" same thing holds good with Financial planners "Precaution is better than a trap". Generally a middle class Indian spends a lot without proper planning thinking that he has enough resources but at the end of month he generally falls short of funds. Here we will see how we could save some of our expenditure and save more while shopping and day to day activities. 1. Visit the point of Salas and evaluate the alternatives in the product line. 2. Avail discount coupons on shopping. eg: Pantlooms gives discount coupons on every purchase for card holder. 3. Set a realistic budget aside and stick on to it during your shopping. 4. Budget planning directs and makes provision for your spendi