Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government, says N Sundaresha Subramanian.
In a bid to resurrect Air India privatisation, the government is planning to give flexibility to potential investors to decide on the humongous debt with the national carrier, a top official has said. The flexibility to potential investors on the quantum of the Rs 60,074 crore debt that they want to absorb will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said.
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
At a poll rally on Monday, Prime Minister Modi said the protests against the new citizenship law in Shaheen Bagh and other areas in New Delhi are not a coincidence but an 'experiment' ('sanyog nahi prayog') and a political conspiracy to destroy the country's harmony. Taking on the PM, Priyanka Gandhi said a report recently said 3.5 crore jobs have been lost in the last five years in seven important sectors.
The Prime Minister's Office has suggested that EPFO should deploy 15 per cent of its funds as loan for low cost housing saying it would generate a credit flow of Rs 70,000 crore (Rs 700 billion).
If you plan to withdraw money from your corpus regularly to meet expenses, have a portfolio of stable instruments.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks, Jefferies says, are most prune to "high risk" emanating from ADAG, Cox & Kings, CG Power, DHFL and Essar Shipping.
V Viswanand, director and head, Products and Persistency Management, Max Life Insurance, will answer your queries in an online chat September 3, between 2 pm and 3 pm.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
High fiscal deficits raise inflation which hits the lowest income and salaried classes.
Nomura analysts said the Reserve Bank of India and the government would need to segregate the potential solvency issue at DHFL from liquidity issues at other larger wholesale NBFCs and HFCs.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
India retained the Border-Gavaskar trophy with a historic three-wicket win over Australia in the fourth and final Test, in Brisbane, successfully chasing a 328-run target to seal the four-match series 2-1.
Government is expected to rely more on divestment proceeds to keep the fiscal deficit in check
With mutual funds, promoters turning net-buyers, foreign investors may have to bid up prices to raise holdings.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
The court also dismissed petitions of his wife Pratibha Singh, son Vikramaditya Singh and another person.
Macro and micro environment are becoming more challenging.
Failure to sell Air India, IDBI may have prompted a change in strategy.
Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
Inteview with Senior vice-president (equity research), Anand Rathi
Indian Economy poised for growth, say experts.
Biggest ever share sale by any private or public sector co in India.
'EPFO's investments this financial year should be Rs 1 lakh crore'
'Around 15 crore poor people have lost their money.'
'There is good indication that the economy is bouncing back, but the problem is, we should look at the eight quarters preceding March 2020.' 'The growth had fallen below 3.1% before March 2020.' 'So, the governments must realise that even if you transform the best of green shoots into banyan trees, you see only 3.1% growth.'
The report has identified 29 instances where it appears that the loans disbursed to borrowers were in turn utilised by their group companies to repay the existing debt obligations with IL&FS Financial Services Limited.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
In his book Restart, Mihir Sharma minces no words in pointing out that faulty policies, the lackadaisical attitude of bureaucrats and a few wrong decisions of past governments have hampered India's growth.
'RBI was focusing on public sector banks perhaps thinking that private sector banks are managed efficiently while PSU banks are not.' 'Now, RBI has to focus on private sector banks too.'
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The year 2014 was one of the most challenging years for India. For two consecutive years our GDP growth was sub 5 per cent. Employment generation had declined, the revenue buoyancy was low and the country had become investment starved.
HNI equity folios up 46% in the first half of FY15.
Institutional investors - both foreign and domestic - lapped up the government's big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.
SBI comes second and Bharti Airtel is third
They have also been accused of extending loans for criminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups.
