Sovereign gold bonds (SGB): SGB is issued by the RBI in tranches through scheduled commercial banks, recognised stock exchanges, designated post offices, etc. The minimum and maximum investment allowed to each individual investor per financial year is 1 gram and 4 kg, respectively. In addition to the potential of capital appreciation, SGB investors also benefit in the form of interest of 2.50 per cent annually payable in half yearly rests. While the interest income is taxable as per the tax slab of the investor, any capital gains resulting from the redemption of SGB is tax-exempt. Indexation benefits are applicable on long term capital gains arising out of transfer of bonds to other individuals. Another major advantage of SGB is the ability to use it as a collateral for availing bank loans. … [Read more...] about What’s the best way to invest in gold now?
Given the limited fiscal stimulus, so far, there is scope for future action. The corporate sector, especially the medium and small enterprises, self-employed and small businesses have been the worst hit. Lower interest rates and increased credit is unlikely to solve the problems.We need direct support to businesses in the form of subsidies, grants or compensation for labour and other fixed costs borne during the lockdown. PSU banks need to be encouraged to lend more, which, in turn, requires the government to capitalise them quickly. Tariff and non-tariff barriers for imports need to be stricter. Further support for 'Make in India' and a new SEZ policy are needed to kick-start growth. … [Read more...] about ‘Market looks frothy but value stocks may outperform growth ones in short term’
The Securities and Exchange Board of India (Sebi) on September 13 clarified that multi-cap schemes need not necessarily churn their portfolios by selling largecap stocks or buying smallcaps in multi-cap schemes to meet the new norms, but can also exercise options such as merging schemes with largecap funds, re-positioning them as large- and midcap schemes, or facilitating unitholders' switch to another scheme. … [Read more...] about Sebi says mutual funds can merge multi-cap schemes, or re-position under different category
A) Right, so there is the rebalance happening and money is flowing towards a new and more innovative kind of company. But, the problem in India is, these companies pretty much always go to the private equity side to raise capital and they don’t come into the stock markets fox example companies like Flipkart, Ola, or a Swiggy. … [Read more...] about This top Fund Manager turns cautious, hedges almost 80% of the portfolio
To that extent, CDS General Rawat has been going about his work in right earnest. He is working on redesigning existing military commands into theatre commands and establishing new joint commands that will combine the resources and assets of the three defence forces, based on threats at India’s borders with its neighbours. ``The work on establishing theatre commands will begin next year and will be completed within three years,’’ the CDS told reporters earlier this year. In place of the 17 commands that India has now, there could be five to six integrated commands. … [Read more...] about India-China border clashes: How the post of CDS has impacted the chain of command in Indian military