Sources said the government was keen to tax all unaccounted money deposited in bank accounts after it allowed the banned currency to be deposited in bank accounts during a 50-day window from November 10 to December 30.
The yellow metal is a safe bet in the long run.
The 44-player industry logged assets under management of Rs 26.33 lakh crore in October-end, as compared to Rs 27.04 lakh crore by November end, representing a growth of 3 per cent. Among debt-oriented schemes, overnight funds received flows worth about Rs 20,650 crore, the highest among the fixed-income segment last month.
Senior Aam Aadmi Party leader and Gurgaon candidate Yogendra Yadav on Thursday declared his assets to the tune of about Rs 3 crore, which includes farm land, commercial booth and sizable amount of bank deposits and Provident Funds.
It is not the job of regulators to ensure that users make profits. It is not the job of regulators to prevent people from making losses. It is not the job of regulators to prevent people from doing stupid things, argues Ajay Shah.
On the day RBI announced a slew of measures to suck liquidity from the system to stem rupee volatility, a senior SBI official had told PTI that the bank was carrying an actual lendable surplus of Rs 20,000 crore (Rs 200 billion).
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
It is difficult to answer this question in yes or no. Here's Dwaipayan Bose's thorough analyses
Delhi Chief Minister Sheila Dikshit has declared assets whose value has more than doubled during the past five years, reaching around Rs 2.7 crore.
Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
Many investment options once seen as safe havens are presently out of sync
Being more financially savvy helps women choose the right balance between consumption spending vs investing for future and can hold them in good stead as life hands out various twists and turns along the way, says Piyush Baranwal
'China could place the currency on a par with global biggies. But it has to wait to be a serious challenger.'
Besides return and risk, investors also need to weigh the liquidity of the instrument they are putting money in
With the Union Budget over, it is a good time to start the rebalancing exercise. Take cues from last year's market performance
Narendra Modi is one of the least affluent ministers in the Union Cabinet.
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
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India's CAD -- the gap between inflow and outgo of foreign exchange -- widened to a record high of $88 billion or 4.8 per cent of the gross domestic product for the fiscal ended March 31, from $78.2 billion in 2011-2012, about 4.2 per cent of the Gross Domestic Product.
'In the total of black wealth, only 1% or less than 1% constitute cash.' 'So, even if cash is completely weaned out, it impacts only 1% of the black wealth.'
Even so, the PM's cash in hand is among the lowest when compared with his Cabinet colleagues
Financial assets make a comeback as returns on physical assets falter.
Saurabh Mukherjea, CEO, Ambit Capital, says he is advising clients to either take a genuinely long-term view on stocks or diversify the portfolio with stocks, bonds and gold for those with a short-term view.
Finance Minister Arun Jaitley presented the Union Budget.
If you are not already lost in the zeros this wealth stands at Rs 257 lakh crore or Rs 257 trillion, according to a report unveiled by Karvy Private Wealth for the year 2014.
The government has taken a number of steps to stem the depreciation of rupee including moderation in demand of non-essential imports and enhancing supply of capital flows, Finance Minister P Chidambaram said.
Simple takeaways from the Union Budget 2015-16 and how it impacts your life
A primer on tax you pay on your mutual fund gains
It is best to invest long-term surplus in stocks or equity mutual funds.
The govt has incentivised the worst of investment products.
Credit profiles have turned healthier from a year ago
This property has all the hallmarks of being owned and occupied by Vijay Mallya. A fleet of supercars making their way down the drive, hordes of people descending to party all night long and a constant delivery of goods and services.
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Chidambaram also said the government will take steps to curb imports of gold, silver, oil and luxury goods.
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
In essence, follow the private-equity approach to personal investing and treat each investment decision as if it is a matter of life-or-death, because it is, suggests Avinash Luthria.
Broking firm Jefferies says Indian financial system is now flooded with the kind of liquidity witnessed in 2005-07 and 2009-10
For several years the Chinese authorities have been taking steps to internationalise the use of the yuan.
The Association of Mutual Funds in India (Amfi) has already taken up the matter with the market regulator and the finance ministry.
Will the government now push to move away from what Mr Rajan has been doing in the last few years?
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