Skip to main content

Featured Post

A Comprehensive Guide What Are the Best Stocks to Buy on the NSE?

  Introduction   India’s National Stock Exchange (NSE) is one of the world’s most dynamic value markets, advertising speculators introduction to a wide cluster of sectors—from data innovation and pharmaceuticals to buyer merchandise and budgetary administrations. As the Indian economy proceeds to develop, numerous retail and organization financial specialists ponder which stocks merit a put in their portfolios. Whereas there is no one ‑ size ‑ fits ‑ all reply, a taught approach that centres on essentials, valuation, and macro ‑ economic patterns can offer assistance you recognize high ‑ quality companies with solid development prospects.   Understanding the NSE Scene Metric What It Means for Investors Market Capitalization Large ‑ cap stocks (₹10,000 crore +) tend to be more liquid and less volatile, while mid ‑ caps and small ‑ caps can offer higher growth but come with greater risk. Liquidity (Average Dail...
Post a Comment

Fiscal 2019-20 will endways 30th June 2020, while the fiscal year 2020-21 will begin on 1st July 2020, but ends on 31st March 2021.







Fiscal 2019-20 will endways 30th June 2020, while the fiscal year 2020-21 will begin on 1st July 2020, but ends on 31st March 2021. The reserve bank of India (RBI) has decided to align its fiscal year with the govt. The central board of the RBI, in its meeting in New Delhi on Saturday decided that the financial year 2021-22 for the financial institution will begin from 1st April. Fiscal 2019-20 will endways 30th June 2020, while the financial year 2020 -21 will begin on 1st July 2020, but ends on 31st March 2021. Thereafter, all financial year will start on 1st April each year.




As of now, both - the RBI and also the Government - follow the 'T plus one' system. This suggests the fiscal year spreads over two successive years. But still, there's one fundamental difference. The financial year for the govt starts on1st  April in 'T' (first year) and ends on 31st March in 'T + 1' (second year). The financial year for the RBI, however, begins on 1st July within the first year and ends on 30th June within the next year. The alignment with the govt will change the way the RBI does bookkeeping. Also, it's going to not require them to announce the interim dividend.


Also read: RBI’s 6th Bi-Monthly Monetary Policy - 2019-20




Labels:

Comments

Post a Comment

Popular posts from this blog

Know All About Sovereign Gold Bond Scheme (SGB)

    The first time Sovereign Gold Bond Scheme was first introduced by the Government of India in the Union Budget of 2015-16. It was introduced by the Government of India to reduce the demand for the physical gold form and a part of this physical gold is bought every year in the form of gold bands for the purpose of invest in SGB.   Latest on Sovereign Gold Bond Scheme    A tenth tranche of the buy SGB Series – The Sovereign Gold Bond Scheme 2021-22 - Series X in which the Reserve Bank of India (RBI) sell gold bonds linked to the market price of gold on behalf of the government made available for investment will be open for buy SGB for the period from February 28th to March 4th.   What is Sovereign Gold Bond?   The Sovereign Gold Bond is an initiative taken by the Government of India to reduce the demand for physical gold as per the Reserve Bank of India as the increasing import of gold is affecting the growth and investment of India. Large quantities ...
Post a Comment
Read more

Know that senior citizens get many special concessions in income tax

  People above 60 years of age, i.e., senior citizens, not only get the benefit of income tax exemption but also receive special relief from income tax on investments and returns. Elderly citizens do not have to pay any income tax on income up to Rs 3 lakh.   Exemption in tax limit under 80C limit: The tax exemption limit for old citizens in a financial year is Rs 3 lakh, while a common man gets tax exemption only up to Rs 2.5 lakh. For very senior citizens who are above 80 years of age, it is Rs 5 lakh. That is, if the annual income of a senior citizen is up to Rs 3 lakh and TDS has not been deducted, then he need not file an income tax return. Similarly, very senior citizens need not file income tax returns if they do not have an annual income up to Rs 5 lakh.   If the age is more than 75 years then no return is required: Those above 75 years of age are not required to file tax returns. There is no any need to file ITR for people above 75 years of age who are ...
Post a Comment
Read more

Axis Bank has changed the interest rates of Axis Bank Fixed Deposit

  Axis Bank has changed the interest on Axis Bank Fixed Deposit Scheme (FD). Now 7 days and 29 days FD will get 2.50% interest. Apart from this, now investor will get 5.75% interest on FD of 5 to 140 years. The new interest rates have come into effect from March 18, 2021. Earlier in January 2021, SBI also changed the interest on FD.   Now how much interest rate will be received on FD     Time P eriod New Interest Rate (in%) Old Interest Rate (in%) 7 Days to 29 Days 2.50 2.50 7 Days to 29 Days 3.00 3.00 3 to 6 Months 3.50 3.50 6 to 11 Months 25 Days 4.40 4.40 11 Months 25 days to 1 Year 5 Days 5.15 5.15 1 Year 5 Days to 18 Months 5.10 5.10 18 Months to 2 Years 5.25 5.10 2 Years to 5 Years ...
Post a Comment
Read more