Speculators largely bet on oil in anticipation that the vulnerabilities in the security of the key oil shipping passage may dent export. In addition, the armed drone attacks by Yemen’s Houthi Rebels at Saudi oil installations have also lifted the sentiments of oil. … [Read more...] about Crude oil in Indian futures market rose 38% in 2019: Where is it headed now?
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Bank deposits are an important investment avenue for a common man in India. However, the trust of the common man is impacted because of recent bank failure (due to high non performing debts of the bank). Currently, deduction of Rs. 10,000 is available for interest earned in saving bank accounts or from post offices. The 2018 Budget had given senior citizens an exemption of up to Rs. 50,000 for interest earned on bank deposits, post office schemes and bonds. On the same lines, deduction up to Rs. 50,000 for interest earned on bank deposits (including fixed and recurring) should be extended to all tax payments. This will encourage savings by the middle class in banks. … [Read more...] about Expectations of a common man from Budget 2020