Subir RoyMoneycontrol ContributorThe Odisha government has taken an important step to address rural distress and has come up with the Krushak Assistance for Livelihood and Income Generation (KALIA), which seeks to overcome the shortcomings of earlier attempts in the country in the same area.First came the debt waiver schemes, which addresses the immediate crisis in the lives of debt-ridden farmers, but does nothing to improve farm economics. Also, their scope is limited, as only institutional loans are covered. Loans from moneylenders are not covered.Close Worse, loan waivers harm credit discipline (the need to repay loans) and the viability of the entire agricultural credit system. related news Cube Highways bids Rs 5,011cr to bag third TOT bundle: Report KfW to lend Rs 1735cr to Andhra Pradesh for zero budget natural farming CCEA approves amendments to 'Toll Operate Transfer' model for national highways Then came the recently introduced Rythu Bandhu scheme in Telangana, … [Read more...] about Opinion | Odisha’s KALIA is the best scheme yet to address rural distress
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Small cap equity funds category was the best pick in 2017, delivering the highest average returns of a whopping 55.87 percent across all categories.In comparison, S&P BSE Small Cap Index gave 60.60 percent returns.Among the best-performing funds in 2017, SBI Small & Midcap Cap Fund topped the chart, with a whopping 80 percent gains between January and December.Close “Overall (small cap) category has witnessed a rise of 50 percent. This (SBI Small & Midcap) Fund managed to contain its AUM (asset under management) as it had stopped accepting fresh investments,” Vidya Bala, Head of Mutual Fund Research at FundsIndia.Himadri BuchAssistant Editor|Moneycontrol.com Essel Group stake sale in Zee: Will it release logjam for MFs?SEBI move to up minimum PMS investment could benefit mutual fundsExclusive | L&T MF CIO Soumendra Nath Lahiri resignsThe scheme deploys a diversified portfolio of equity and equity-related securities of small and midcap companies and is … [Read more...] about Small cap funds best performers of 2017 on returns chart; long-term gilt funds lag
There has been a downturn in the auto market over the last few months, but things seem to be changing. For Honda in particular, things seem to be going even better as their executive sedan, the Civic, maintained its leadership position in the Indian market.In October, 2019, sales of the Honda Civic clocked a 30 percent month-on-month growth in sales with 436 units and a market share of 53 percent in the executive sedan segment. In September, 2019, the company managed to sell 336 units of the Civic with a total of 4,375 units since March, 2019 when the new-gen sedan was launched.Speaking on the announcement, Rajesh Goel, Senior Vice President and Director - Sales and Marketing, Honda Cars India said, "The comeback of the Civic this year has given the much needed boost to the executive sedan segment and its one of the few segments which have grown despite the current market slowdown. This reaffirms our confidence in the sedan category that there are customers who prefer sedans for … [Read more...] about Honda Civic retains title of best-selling executive sedan with 30% growth MoM
Indian market created history yet again on November 20 when the Sensex hit a new high of 40,816, while the Nifty had a touch-and-go moment with 12,000, just 120 points shy of its best-ever performance of 12,103.So, what should be the trading strategy? Is it time to buy the fear in the small and mid-cap space or stay with steady large-cap stocks?The answer lies in your risk-taking ability. Even though the market valuations look stretched, largecaps could still be in favour. However, value buying could be seen in select mid and small-cap stocks, say experts.Close The market is at record highs and valuations have been stretched since the last quarter. The broader markets are still significantly lower from their highs as Small and Midcap indices are still down by about 20 percent from their record highs. related news Don’t miss! Stocks from life insurance and AMC likely to be included in Sensex & Nifty Banking set to see a recovery, life insurance the next big sector: … [Read more...] about What should be your strategy, buy largecaps or chose from mid & smallcaps?
Emerging technologies like machine learning and artificial intelligence, along with human intervention have transformed the banking, financial services, and insurance (BFSI) industry, said Andrew Erickson, Executive Vice President of State Street Corporation and Head of Global Services.State Street, a 225-year-old US company provides financial services to institutional investors, including investment servicing, management, research and trading.With presence in over 30 countries, including India, State Street automates processes and integrates global platforms which helps clients get real-time access to a full range of risk management, better infrastructure, investment performance and compliance activities.Close In an interview with Moneycontrol, Erickson spoke about how Blockchain has the potential to make a real change and enhance financial processes. Edited Excerpts:Himadri BuchAssistant Editor|Moneycontrol.com How Muthoot Finance can leverage its IDBI AMC buyEssel Group … [Read more...] about AI and machine learning are transforming banking, finance and insurance industry, says State Street’s Andrew Erickson