Although the Indian economy has gradually opened up over the last couple of months, there has been a constant rise in daily COVID cases with the number now touching 30,000/day in India. This is in contrast to the global scenario which has seen a decrease in numbers over the last month. In addition there has …
We strongly advise investors to continue their SIPs in equity funds & if possible increase the amount. This is a very good buy on dips market & should be bought in a staggered manner on every 5-7% correction in markets.
I think we are going towards a new normal post COVID. Already damaged by the financial crash and the US- China trade war, the pandemic has dealt globalization another body-blow. When the world was hit by economic recession in 2008, global trade dipped by almost 10% in 2009 while there was a 3% decline in …
Is COVID-19 changing the dynamics of globalization? Read More »
As part of the restructuring plan for Yes Bank, the RBI announced that the instruments qualifying as additional tier-1 capital (AT1), issued by Yes Bank under Basel-III framework, shall stand written down permanently, in full, with effect from the appointed date. This is for the first time in the history of the Indian banking sector …
Mishra Dhatu Nigam Limited (MIDHANI) is one of the leading manufacturers of special steels, super alloys and only manufacturer of titanium alloys in India. These are high value products which cater to niche end user segments such as defence, space and power. It has emerged as a ‘National Centre for Excellence’ in advanced metallurgical production …
Nirmala Sitharaman introduced new slabs and reduced the tax rate for different slabs for an individual income of up to Rs 15 lakh. In addition she removed dividend distribution tax (DDT), again in line with recommendations of the panel set up for Direct Tax Code (DTC). These are probably initial steps towards implementing DTC in …
The Union Budget 2020-21 was presented on 1st February 2020 amidst a very challenging economic environment. Although it was not acknowledged explicitly, the budget appears to have realized the fiscal limits. Not surprisingly then, it did not excite the market, where expectations were running very high. There were evidently a lot of expectations from the …
Stock markets in 2020 started off on a volatile note as the frontline indexes hit new highs punctured by sharp decline in markets due to US-Iran tensions. For CY19 the NIFTY was up by 11.5% while SEXSEX was up by 13.8% for the full year. But the rally in NIFTY50 was a narrow rally. Top …
Stock markets in 2020 starts off on a volatile note Read More »
The Central Board of Direct Taxes (CBDT) has notified two income tax return (ITR) forms for AY20-21 (FY19-20). Forms ITR-1 (Sahaj) and ITR-4 (Sugam) – the simplest of the lot – were notified recently. Usually, the Income-tax department notifies the ITR forms in the first week of April but it has been done earlier this …
Disclosures in the new income tax return (ITR) forms for AY 20-21 Read More »
The start of a new year is generally a good time to make some solid resolutions to manage your finances. While you need not take any giant leaps, you must start 2020 with some simple financial steps to manage your money well. These go a long way to inculcate financial discipline in your life & …