Be Online : Be Updated

Introduction to the basic concept of derivatives Derivatives in general refer to contracts that derive from another - whose value depends on another contract or asset. Derivatives are essentially devised as a hedging device to insulate a business from risks over which a business has no or little control, but in practice, they are also used as yield-kickers. derivative 1 : arising out of or dependent on the existence of something else. 2 : of, relating to, or being a derivative de•riv•a•tive•ly adverb 3 : formed by derivation 4 : made up of or marked by derived elements There does that help? Not really. The reason it doesn’t help is because a derivative is really nothing in and of itself. So to say something is a derivative is really to say nothing at all unless you define what the derivative is deriving itself from (which still sounds confusing I agree). Let’s look at one more definition before we get into defining a derivative for ourselves. Definition of a derivat

The Government needs money to maintain law and order in the country, security of the country from foreign power and promote welfare in the country. Since our government is wedded to socialistic pattern of society it is foremost duty of the government to bring out such welfare and development programmes which will be bring the bridge between the rich and poor. All this requires mobilization of funds from source. These sources may be direct or indirect. Income tax, being a direct tax, is an important tool to achieve balanced socio-economic growth. For bookworms “A tax is a compulsory contribution from the person to the govt. to defray the expenses incurred in the common interest of all, without reference to special benefits conferred”—Seligman. “A compulsory contribution of the wealth of person or body of persons for the service of the public powers”—Bastable “Taxes are compulsory contribution made by the members of a community to the governing body of the same towards the common ex

SECTORS  Agriculture  Commerce & Industries  Communication & IT  Defence  Education  Finance  Rural Development  Water Resources  Transport  Science &Technology  Health & Family Welfare  Environment & Forest Consumer Affairs Food & Public Distribution Beverage Pepsi  Shona L. Brown (Directors) Indra K. Nooyi (Chairman & CEO) Mitch Adamek (Senior Vice President and Chief Procurement Officer) Peter A. Bridgman(Senior Vice President and Controller) Richard Goodman(Chief Financial Officer) Vivek Sankaran(Senior Vice President, Corporate Strategy & Development) Julie Hamp (Senior Vice President, PepsiCo Communications) Coca Cola Naresh Chandra (Chairman) Atul Singh (President & CEO) Mr. Ashutosh Bhardwaj (Area General Manager) United Breweries Dr. Vijay Mallya(Chairman) Ravi Nedungadi (Director) Kalyan Ganguly(Managing Director) Chugh Yoginder Pal(Director) Sunil Kumar Alagh(Director) Chhagan