'It was like a doctor giving some simple pain killers to a patient in dire requirement of chemotherapy.' 'There was no sense of urgency or desperation in this particular Budget.'
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Among the 30-share basket, 27 stocks led by Bajaj Auto and Bharti Airtel ended with losses.
In private, AIADMK spokespersons say that the raid on Chief Secretary P Ramamohana Rao might be aimed at weakening the AIADMK, and demotivating the party from selecting/electing Jayalalithaa's confidante, Sasikala Natarajan, as her successor -- first as party head then possibly in the government, says N Sathiya Moorthy.
Wearing black clothes, Congress leaders hit the streets on Friday to protest against price rise and unemployment with a host of them, including Rahul Gandhi and Priyanka Gandhi Vadra, being detained by police amid dramatic standoffs outside Parliament and the All India Congress Committee headquarters in New Delhi.
Physical advisors have been receiving tough competition from algorithm-based investment counselling and robo-advisories.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Uptick in growth projected in second half of current fiscal based on 10 factors including higher FDI flows, build up of demand pressure, positive GST revenue growth
To begin, the Budget has no doubt attempted to address uncertainty.
Not all change is good, but this one is, applauds Shekhar Gupta.
After the lock-in, ELSS investments should be en-cashed only when an important financial goal has arrived or there is a medical or other financial emergency in the family, says Anil Chopra -- Group CEO & Director, Bajaj Capital.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Citing the impact of the second wave of the pandemic over the economy and consumer sentiment, Swiss brokerage Credit Suisse has lowered its nominal GDP growth forecast by 150-300 bps to 13-14 per cent, but expects a stronger recovery in the second half as it sees the lockdowns having limited impact on tax collections. Last month, Neelkanth Mishra, the co-head of equity strategy for Credit Suisse Asia Pacific, and India equity strategist, had told PTI that he expected the real GDP to fall to 8.5-9 per cent in FY22 due to the more severe pandemic attack. The virus case load has crossed the 25-million mark, death toll from the same is nearing 2.9 lakh mark, which is one of the highest in the world as the test positivity rate has been around 15 per cent for long.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
'Do some profit booking and bring your equity allocation back to its original level.'
In India, younger workers willing to work at lower salaries are easily available, so you could find yourself out of a job before 60. Therefore, save for retirement with urgency, advises Sanjay Kumar Singh.
Investors must remember that only resident Indians can open a PPF account and a person can have only one PPF account.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Mohandas Pai took part in an hour-long chat on rediff.com
So far, there seems to be limited debate about their activities in India, where virtually all FAANG companies have teamed up in different ways with India's most powerful businessman, observes T N Ninan.
'That Modi and the BJP can continue to treat the rising and expanding middle class this way shows that they have gamed its mind quite perfectly,' argues Shekhar Gupta.
'India has many attractive features for the long-term investor; it combines: A low per capita income, a young population, and a heavier presence of high margin, asset-light firms in the technology sector.'
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
Armed with automatic information exchange pact with the US, government on Thursday asked persons holding undisclosed offshore assets to declare them before September 30 as it would be difficult to hide unaccounted assets in future.
Investing in start-ups can be highly rewarding, but direct investing is not meant for everyone. For the majority of wealthy investors, taking the private-equity route could still be the better option.
India has received over USD 20 billion in FDI amid the coronavirus pandemic, Foreign Secretary Harsh Vardhan Shringla said on Tuesday, showcasing the country as one of the most attractive destinations for investment globally.
India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's fight against black money allegedly stashed abroad.
Most investment costs are bundled in with the financial product, and are often hidden in fine print, warns Erik Hon.
Are the political parties in India fooling us on the issue of illicit wealth parked abroad by winking at the obvious.
Having exposure to international funds and gold is a must for those who have foreign currency-denominated goals.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
While welcoming Prime Minister Narendra Modi's announcement on Saturday to celebrate January 16 as National Start-up Day, six years after the Start-up India Action Plan was launched by the government, stakeholders in the ecosystem say that more needs to be done at the policy level to unleash the next phase of growth in the sector. "The Start-up India programme's launch in 2016 was a turning point - that is when the promoter came to be known as the founder in the country and the word 'entrepreneur' entered the common lexicon. "But now we need a Start-up India 2.0 now for the next phase of growth of the ecosystem", said Siddarth Pai, managing partner of venture capital (VC) firm 3one4 Capital. Pai says that Startup India 2.0 must look at promoting Startups headquartered in tier II,III & IV cities and solving the problems of Bharat.
UTI Mutual Fund has launched UTI-FAMILY (that allows investors to buy mutual fund units in their name, but the returns go straight to a parent's bank account.
Under 'Operation Clean Money', the I-T department had sent SMS and e-mails to 18 lakh people
What is your USP?
Why should your customers come to only you and nobody else? What particular problem are you solving? Solve these puzzles before launching a stat up suggests Rajiv Talreja.
Many investors, who have made money in the rising market of the recent past, are pulling out of equity funds, believing that they can earn more by investing directly.
India is among 75 countries with which Switzerland's Federal Tax Administration has exchanged information on financial accounts within the framework of global standards on Automatic Exchange of Information.
PMO asked income-tax department to submit report on action taken against identified benami owners