PMVVY adds to the growing list of products targeted towards senior citizens. The good old Senior Citizen Saving Scheme (SCSS) and the RBI (taxable) bonds offering 7.75 per cent interest are attractive options. The trio make an interesting combination for regular income seekers. PMVVY’s interest rate is in line with that of SCSS (also 7.4 percent annually) for the current financial year. Fresh investments will attract the then prevalent rate. … [Read more...] about Should senior citizens invest in the Pradhan Mantri Vaya Vandana Yojana?
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Now, corporates will collectively issue fresh securities to the bond ETF. The ETF also picks up already-issued and existing securities of the same companies with the same maturity and converts them into an investment basket. As the ETF units are bought and sold, the underlying securities too get traded (through the market makers that the fund house appoints) and thereby become more liquid. If the demand for the Bharat Bond ETF picks up – there are plans to come out with repeated tranches twice every year – more debt securities of these state-owned firms would become liquid. … [Read more...] about Bharat Bond ETF-Series II: A Safe option, but should you invest?
"The weekly gains were mainly driven by liquidity and the hope that the virus would be contained soon and businesses back to normal. However, the outlook for the market is volatile, as the earnings announcements have begun after a washout quarter for most industries." … [Read more...] about Taking Stock: Profit-booking hits D-St; Nifty below 10,800 but rallies 1.5% for the week
- Just like the first tranche of December 2019, the second tranche will be offered in two variants: a 10-year ETF that will mature in April 2031 (Bharat Bond ETF April 2031) and a five-year product that will mature in April 2025 (Bharat Bond ETF April 2025). The two maturities will help meet the interests of both short-term and long-term investors. … [Read more...] about Bharat Bond ETF: Subscription for second tranche opens July 14; all your questions answered
Bertolini points to some experimental street closures that led to broader change. He points to the example of City Repair, in Portland, Oregon, a nonprofit placemaking organization that’s been helping neighborhoods take ownership over intersections and corners through elaborate street painting and traffic calming projects since 1996. At first an illegal intervention that added “interaction amenities” such as community boards and tea kiosks to corners, the project is now sanctioned by the city and has completed more than 70 projects throughout the metropolitan area. Playing Out, a similar grassroots project in Bristol, England, started out in 2011 as a short street closure to create play space for children. It has since turned into a nationally focused nonprofit and has facilitated temporary street closures throughout the United Kingdom. … [Read more...] about “It’s an incredible experiment”: Banning cars in cities stirs controversy—and has mixed results