Government Revised Interest Rates for NSC, PPF and Other Small Savings Schemes
Government of India has released a memorandum revising the interest rates for Small Savings Schemes on March 31, 2020. This revision is for the first quarter of the financial year 2020-21 (from April-June 2020). The rates are revised for 12 different deposits and schemes. Details of the Revision Here are the details of the revised […]
RBI’s Loan EMI Moratorium: All You Need to Know
Reserve Bank of India (RBI) announced several measures to boost the economy on March 27, 2020. Of these, the three-month EMI moratorium was the most relevant to common people. While we all have heard the term moratorium during the recent Yes Bank crisis, how does it apply to loan EMIs? What benefits has RBI offered? […]
RBI Reduces Repo Rate by 75 Basis Points (Bps) to 4.4% – Key Highlights
Following the lead of the Union Government announcing Rs.1.7 lakh crore relief package yesterday, the Reserve Bank of India (RBI) announced several measures to fight the economic impact of the spread of coronavirus. Among other measures, the Monetary Policy Committee (MPC) decided to cut the Repo rate by 75 basis points and the Reverse Repo […]
Nirmala Sitharaman Announces a Relief Package of Rs 1.7 Lakh Crore
In the much-awaited relief package, the Finance Minister – Nirmala Sitharaman, lived up to the expectations of people as she announced a relief package of Rs.1.7 lakh crore today. We have for you the key highlights:- ASHA workers, doctors, sanitary workers, and para-medics receive an insurance cover of Rs.50 lakh per person The FM promised […]
Tax Filing, Aadhaar-PAN Linking Deadlines Extended for FY 18-19
On 24th March 2020, FM Nirmala Sitharaman addressed the nation announcing certain economic decisions in the wake of the Covid-19 Pandemic. One of the key announcements was an extension of the tax filing deadline from March 31st, 2020 to June 30, 2020, for FY 18-19. Sitharaman also stated that other tax-related deadlines have also been […]
FM Presser Highlights: 10 Key Announcements Made by FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman held a conference today at 2 PM. In view of the coronavirus and its effects on the nation, certain measures have been announced to ease a nation dealing with lock-downs. Many announcements were made. In this blog, we’re covering the points that are the most relevant to our readers. Finance Ministry […]
Yes Bank Resumes All Services as the RBI Lifts Moratorium
The Reserve Bank of India (RBI) has finally lifted the moratorium on Yes Bank after a 13-day period. Yes Bank has resumed all banking services as of 1800 hours on March 18, 2020. This is two weeks earlier than the proposed moratorium deadline of April 03, 2020. This has come as a huge relief for […]
RBI Presser Highlights: No Emergency Rate Cut Announced
In light of the recent events, the RBI Governor Shaktikanta Das, called an impromptu press conference to announce the measures they will take, to tackle the two major issues the Indian economy and the stock market are currently facing – Yes Bank and Covid 19. Let’s see what they are. Measures to Fight Coronavirus Medical […]
The Infosys Governance Debacle : What Should Investors Do?
16.2 percent fall in one day in the price of the share of Infosys Ltd left the investors unnerved of the market. The drag in the share price eroded the wealth of mutual funds (MFs) and foreign portfolio investors to the tune of nearly 7000 crores. Not only the mutual funds but the FPIs also […]
SEBI Rolls Out Graded Exit Load On Liquid Funds : What Does It Mean For You As An Investor?
Background Effective from 19th October, SEBI has announced a graded exit load on mutual funds. Mutual fund houses have been asked to impose the same on investors, both institutional and retail, who redeem their liquid fund units within 7 days from purchase. So now, investors who redeem their fund units on the next day of […]
The Big Billion Day – 2018! (but what could be a better option?)
You must be excited about the big billion sale which has kickstarted from today. Well, so was I. But is it actually worth it? I don’t think so! I agree Flipkart’s Big Billion Day Sale and Amazon’s, Great Indian Festival, has caught the attention of the masses and these companies are selling products at a comparatively lower […]
SEBI cuts down the expense ratio of fund houses: how will this help you?
Tuesday, September 18, 2018, shall be marked as Diwali. Well, this is not the Diwali you are thinking of, this is the festival, particularly for the investing community. The market regulator came up with a circular that has instructed the Asset Management Companies (AMCs) to reduce their expense ratios. What has happened? Securities and Exchange […]
Tribunal Rules in Favour of SpiceJet in Rs.1323-Crore Spat
What is the first thing that comes to your mind when I say SpiceJet? To sum it up in a tagline, it would be, Fly cheap, fly SpiceJet. Lately, there has been controversy surrounding Spice Jet. An arbitration tribunal has rejected the Rs 1323-crore damage claim from SpiceJet Ltd. It has also denied a bid by Kalanithi Maran […]
Biggest Mobile-Phone Plant Overshadows ‘Make in India’ Failure
After a great marketing campaign by the PM of India, Narendra Modi, the ‘Make in India’ initiative just isn’t ready for the world. World’s Largest Mobile Phone Plant Last week, PM Narendra Modi and South Korean President Moon Jae-In celebrated the inauguration of Samsung’s largest mobile phone factory. During the event, Modi said the facility […]
India’s Growth Remains Quite Robust into Future- IMF
The IMF, (International Monetary Fund) has said that India’s growth will remain robust in the future. Although, the IMF has downgraded the country’s growth projections for 2018-19, due to high oil prices and a tight monetary policy regime. This definitely helps in building trust among foreign investors and thus, helps in making Indian economy far […]
China’s Slowing Economy Spells Trouble for Global Growth
Amidst an escalating trade war, China’s economy is cooling down which is sending jitters across global markets and making the them more volatile. The Slow Down With an ongoing campaign to reduce credit, the growth of the world’s second-largest economy has slowed down quite a bit. The Chinese economy grew at an expected rate of […]
Mukesh Ambani Topples Jack Ma to Become Richest Man in Asia
Mukesh Ambani, MD of Reliance Industries, overtook Alibaba Group founder Jack Ma to become Asia’s richest person as he positions Reliance Industries Ltd. to conquer the e-commerce space in India. $44.3 Billion Dollar Worth The chairman of India’s largest conglomerate has made major contributions in the telecom and refining sector and is estimated to be […]
Why Is the Infrastructure Sector Performing Poorly?
Due to the concern of project financing and macro risks involved in an election year, infrastructure shares have performed dismally this year. The Impact The stocks of companies, including Dilip Buildcon Ltd., KNR Constructions Ltd. are down to 20-40 percent in 2018. This contrasts to nearly 5% gain in benchmark Nifty 50. Reasons Behind This Movement: […]
Nifty Jumps 1000 Points, Sensex at an All Time High
It’s a great day for Indian investors as Nifty reclaimed 11000 points and Sensex touched an all-time high. Nifty 50 has gained more than 1000 points which cumulated over 76 sessions to chart this journey. Reasons “The market rallied on the back of short-covering (buying in of stocks against short selling) and buying in selective stocks, […]
USA to Impose $200 Billion Tariff on Chinese Goods. How Will it Affect India?
The Trade Tariffs Today, the Trump administration has pushed ahead a plan to impose a tariff on additional $200 billion on Chinese goods by releasing a list of targeted products, escalating a trade war between the two superpowers that may soon hit American consumers directly. How Did The Chinese Market Respond? The US move sent […]