Those who cannot bear significant downturns (as much as 40 per cent) or have a short horizon should exit entirely.
Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.
'As long as economic growth remains steady, creating jobs and generating stable incomes, the rise in home loans should not create problems.' 'If the growth trajectory changes course over the medium term and interest rates rise along with inflation, the expanding trend in home loans may not sustain.'
The growth in personal loans for fintech major Paytm may remain muted in the future and not replicate a three-digit year-on-year (Y-o-Y) growth that it recorded in the previous years, a person familiar with the matter said. Sources said the personal loans book may grow in the range of 30 to 40 per cent Y-o-Y on its current base. On a quarter-on-quarter (Q-o-Q) basis, the number of personal loans the Noida-based fintech company disbursed has dropped 20 per cent from 0.3 million in the first quarter of this financial year (Q1FY24) to 0.24 million in Q2FY24, according to regulatory filings.
If losses from F&O, intra-day trades are below Rs 20,000-30,000, it's best not to claim them and opt for ITR-2.
The stimulus measures include extension of the 90-day moratorium on recognition of impaired loans to 180 days, in addition to several relaxations in bank lending limits, including allowing banks to fund interest on working capital loans.
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
Even after filing your income tax return online, your job won't still be over! Here is a six-point checklist for taxpayers to be observed after e-filing of ITR.
Australia has blazed a trail for women's cricket in recent few years but some players are worried that the national board may trim back domestic competitions as part of cost-cutting measures.
The Uddhav Thackeray-led Maha Vikas Aghadi government in Maharashtra which completes two years in power on November 27 has survived against all odds amid the coronavirus pandemic.
Prospective buyers must make a well-considered decision regarding whether this is the right time to buy a house, particularly with home loan rates at near-peak levels, and the risk of job losses looming in many sectors.
'Had they agreed to our demands that we raised two years ago, we would have never started our agitation again.'
'Everyone knows there is no point in contesting elections from Gujarat as a Congress candidate because they know they will be wiped out.'
From the Sensex firms, Bajaj Finance, HDFC, HDFC Bank, Bajaj Finserv, Asian Paint, State Bank of India, Tata Consultancy Services, Bharti Airtel, Reliance Industries and Tata Steel were the biggest gainers. HDFC climbed 2.59 per cent after the housing finance major on Thursday reported a 20 per cent growth in standalone net profit to Rs 4,425 crore for the quarter ending March 2023 on the back of higher interest income. IndusInd Bank, Nestle, Power Grid, ITC, Tata Motors and Mahindra & Mahindra were the major laggards.
'Once the lockdown is lifted, we will see some pickup in demand.' 'And my sense is that it will be a long walk this time given that we have lost three months of economic activity.'
Shikha Verma explains how child insurance plans can help you achieve your child's financial dreams.
Whatever you do, continue to pay your loan EMIs and insurance premiums for term and health policies (not investment-based policies) on time. Then try to buy yourself some breathing space, says Harsh Roongta.
'Considering Pai is putting his own personal money in Byju's, stakeholders in the company can look forward to more governance and transparency.'
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
The State Bank of India has proposed to the RBI to allow it to charge mark-to-market losses on its balance sheet.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Had the slain Indian-American engineer stayed in India, he would have earned less but his life might have been spared, Sunanda K Datta-Ray says, pondering the question of where one belongs.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
How should one billion Indians, for whom deprivation has become an inescapable way of life, join us in celebrating 75 years of Independence? And where do we go from here? asks Kalyan Singhal.
Housing sales mostly declined during the first and the second wave of the coronavirus pandemic but prices did not fall in most of the cities but rather increased in some cities, according to the Economic Survey 2021-22. The pre-Budget document also highlighted that the housing demand recovered after both the waves on the back of pent up demand, low interest rates on home loans and reduction in stamp duty by some states. The survey has analysed the National Housing Bank's data on change in housing transactions in Q1FY21 (first COVID-19 wave) and Q1FY22 (second COVID-19 wave) over the pre-pandemic levels of Q1FY20. It also looked into change in housing prices index during this period.
Distress sales, market closures and anchoring of fishing fleets have been reported from West Bengal, Andhra Pradesh, Tamil Nadu and Kerala.
Influenced by ads like 'Make money sitting at home', 'Make Rs 10 lakh with just Rs 1,000', to YouTube influencers promoting 'pump-and-dump' stocks, a vast majority of small investors who mushroomed during the COVID-19 period are losing money in reckless overtrading in the market, cautions Dr V K Vijaykumar, Chief Investment Strategist at Geojit Financial Services.
Starting afresh in a new domain or with a new employer or opting for entrepreneurship can be the brighter side of job loss.
India's economy, estimated to contract by 6.9 per cent in 2020 due to the coronavirus pandemic, is forecast to record a "stronger recovery" in 2021 and grow by 5 per cent, according to a UN report which said the country's current fiscal year budget points to a shift towards demand-side stimulus, with an uptick in public investment. The report, 'Out of the frying pan ...Into the fire?' published Thursday as an update to the Trade and Development Report 2020 by UN Conference on Trade and Development (UNCTAD) said the global economy is set to grow by 4.7 per cent this year, faster than the 4.3 per cent predicted in September 2020, thanks in part to a stronger recovery in the US, where progress in distributing vaccines and a fresh fiscal stimulus of $1.9 trillion are expected to boost consumer spending.
Tax Guru Anil Rego answers your personal income tax queries
... And it's not just fear of job losses, says Ajit Balakrishnan.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
'The cracks I saw yesterday were the largest I have seen in my life. We are scared.'
Govt should take steps to monetise real estate investment schemes.
Bulldozers demolished several structures at Jahangirpuri on Wednesday amid a heavy paramilitary and police presence during the NDMC's anti-encroachment drive that was stopped within hours following a Supreme Court order.
The analysis by the European Club Association (ECA) also warned that the biggest losses would be felt next season, even if it is played in full.
Dilip Kumar Jha explains what the buyers must do to protect their own interest.
Shift your focus from looking at things that are out of your control to what is in your control after losing your job, advises Dr Shefalika Sahai.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
