Pmc bank fraud

“The main contributor to this moderation has been the services sector which has decelerated from 28.1 percent to 16.8 percent between November 2018 and April 2019,” the survey said. The growth in bank credit to large industries though has improved in recent months. … [Read more...] about Economic Survey 2019: Decline in banks’ bad loans to help push capex cycle

The government announced measures such as. 1) Changes in personal income tax, wherein the individual has to choose to pay taxes based on old rates with exemptions or new rates without exemptions. This should help in generating more disposable income in hands of middle-class depending upon individuals’ income. 2) Abolition of dividend distribution tax seems to be positive for corporations such as MNC's and PSU while at the same time the taxes are to be borne by shareholders which seems to be negative from the shareholder's point. 3) Also, the budget failed to provide any relief on LTCG front, this has dampened investors’ sentiments. 4) The government allocated additional funds in sectors such as agriculture, infrastructure, etc. however no major reforms were announced in the real estate sector which left investors unhappy. 5) The government planned its disinvestment target of Rs 2.1 lakh crore by FY21, through partial stake sale in LIC. If the disinvestment target is met … [Read more...] about Govt may achieve tall divestment target if LIC IPO comes through: Religare Broking

Third, infrastructure spend needs to be seen in light of the National Infrastructure Pipeline that has a Rs 103 lakh crore outlay.  And the budget tries to fund infrastructure projects through sops. For example, 100 per cent exemption is proposed on interest, dividend and capital gain on investments in infrastructure in India by foreign sovereign wealth funds. Other urban programmes such as AMRUT and Smart Cities have seen a close to 40 per cent hike in allocation proposed for FY-21. … [Read more...] about Market rally becoming broad-based, irrespective of budget announcements

Finally, decide to review and increase your health insurance cover. If you factor healthcare inflation, the minimum health insurance cover that a young family of four will need in 10 years is around Rs 15 lakh.  If you are more than 30, you must take a minimum cover of Rs 25 lakh, through a base policy of Rs 10 lakh and a super top-up cover of at least Rs 15 lakh. … [Read more...] about Insurance is always important, with or without the tax breaks

The proposed sale of government stake in IDBI bank takes the liberalization of financial system forward. The 100 percent tax concession to Sovereign Wealth Funds for investing in infrastructure projects is a clear positive from the market perspective. Opening up of certain categories of government securities to NRI investors and hiking the FPI investment limit in corporate bonds will help deepen the bond market. … [Read more...] about Budget 2020: Govt missed the opportunity to attract long-term funds by not acting on LTCG