While the minimum holding period for LTCG taxation has now been lowered, the tax outgo could be a bit higher under the new structure.
Sluggish economy, high bullion prices and consumer shift towards cheaper gifting options such as electronic goods and mobiles have taken the sheen off gold
The options include involving jewellers as collection centres, addressing of issues that banks have been facing and using domestically available gold for giving metal loans to jewellers for domestic sales.
Earning returns from an asset lying idle can be a good option in times of volatility.
The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.
For India to monetise gold, it is not the institutional depositor that policymakers must target but the average retail depositor.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
'There's a misconception that all Rs 1 lakh crore will be spent immediately, leading to higher consumption of FMCG goods, travel, and vehicle purchases.' 'While some of this money will go toward consumption, not all of it will.' 'The impact depends on where people deploy their savings.'
10 largecaps stocks which stand to gain from the Budget.
'Choose an equity allocation that will allow you to remain invested even if the market falls by 50 to 60 per cent.'
Govt proposes to introduce redeemable gold bonds.
Despite returns from gold down over 5% in the past three months, it is a good idea to keep this asset class in your portfolio.
The recently approved government scheme provides both liquidity and returns.
Gold demand in India -- one of most avid purchasers -- is interwoven with culture, tradition, the desire for beauty and the desire for financial protection.
Fund houses have been barred from being net sellers or holding net short positions at the scheme level in commodities.
'Understand how wedding expenses fit into your overall financial situation.' 'Evaluate how different levels of spending will impact other goals like retirement, travel, or housing.'
The best way to curb gold demand is by reducing black money in circulation.
Gold stocks in India are estimated to be over 20,000 tonnes at present.
The trust has around 35 kg of gold and will deposit the gold which is not in day-to-day use of the temple.
Nearly two-thirds of India's gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.
Confidence had ebbed in the last few years due to default by some errant domestic retailers and exporters. Moreover, many jewellers are believed to have diverted the fund collected through monthly deposit schemes to pay 'mark-to-market' margins on various loans.
If the cashless request is denied, the entire cost may need to be paid for planned treatments.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
The maiden, critical mineral auction in India has failed to enthuse the mining industry, with the first tranche achieving less than a 50 per cent success rate and the auction of several mines was cancelled owing to low response. The results, announced by the Ministry of Mines on Monday, showed that six lesser-known companies emerged as preferred bidders. Among these were Agrasen Sponge, Kundan Gold Mines, Dalmia Bharat Refractories, Sagar Stone Industries, and Maiki South Mining.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Taxpayers seeking to save tax from the sale of gold (including inherited) should reinvest the capital gains in residential property to avail of the benefit provided by Section 54F.
India's gold holding in forex reserves rose to 560.3 tonnes by the end of March 2018.
Since MAAFs invest across multiple asset classes, they offer diversification.
In the sharp media focus on stocks, FDs and gold, small savings schemes have been largely ignored by the public. But they must form a part of portfolio of every investor who is looking to save tax by investing small amounts.
The temples are concerned about the religious sentiments of the devotees who donate gold ornaments in the name of the deities
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
The proposed bullion bank can help settle gold loan accounts in gold terms, and promote existing gold schemes, along with launching schemes including gold-recurring deposits.
'Lack of self-control over spending leads to a credit card debt trap.' 'People think they have money and spend using a credit card, but when it's time to pay, they realise they don't have the money.'
The yellow metal now trades at a 0.5 per cent premium over its landed cost, compared to a 4 per cent discount in mid-September because jewellers have voluntarily withdrawn the display of cash price from their website.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Amendments will be tabled in Parliament for approval by Monday or Tuesday.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
'Try to obtain a secured personal loan or credit card by offering some collateral, such as a fixed deposit or gold.' 'Not only will this improve your eligibility, but the lender may even offer a lower interest rate.'
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