Stock Market MF News

India Ratings and Research (Ind-Ra), a Fitch group company further reduced its estimate for India's gross domestic product (GDP) growth rate to 1.9 per cent for 2020-21. Earlier in the year 1991-92, India's GDP growth was recorded at 1.1 per cent. In a note released on Monday, the agency changed its estimate of 3.6 per cent GDP growth announced on March 30 to 1.9 per cent. The agency's chief economist Sunil Kumar Sinha said, "This an estimate is based on the assumption that the partial lockdown will continue till mid-May." The entire lockdown due to COVID19 is scheduled to end on 3 May. However, experts want it to continue in the hotspot for some more time. The agency's estimates suggest that GDP could return from the third quarter of the year 2021 (October – December 2020) to the level of the fourth quarter of the year 2020 (January – March 2020), if the second quarter of the year 2021 The resumption of normal economic activities during (...

The government has given an opportunity to buy gold at cheaper rates. Investors can buy gold much cheaper than the market price under the Sovereign Gold Bond scheme and today is its first day. So if you want to take advantage of this plan, don't delay. The profit on its sale will be exempt under the Income Tax rules. Let's know about this plan. The investment period under the scheme has started from 20 April 2020 and its last day is 24 April 2020. The government has given up to five days to invest in the scheme. This is the first series of the financial year 2020-21 for the government to invest in gold bonds. In the next slide, we know about the price and plan of gold. Under the scheme, you can buy gold at Rs 4,639 per gram. That is, if you buy 10 grams of gold, then it costs Rs 46,390 and if the gold bond is purchased online, then the government gives an additional rebate of Rs 50 per gram to such investors. That is, investors buying gold online will have to...

Debt mutual funds provide investors with an honest choice to get stable returns. At an equivalent time, these funds are liquid and you'll withdraw your money any time after you begin. However, at the time of redemption, you've got to remember the capital gains tax on the gains you earn. Capital gains ask the difference between your redemption value and therefore the initial investment. Here is how you'll do this. Step 1: remove your account and check if you were invested within the dividend or the expansion plan of a fund. just in case of dividend plan, the surplus is paid out as a dividend, which is taxed as a dividend distribution tax at an efficient rate of 29.12 per cent. Once the dividend is paid, the internet asset value falls to the extent of the payout. However, Budget 2020 has removed the dividend distribution tax and effective April 1, 2020, dividends are going to be taxed within the hands of the investor at his applicable slab rate. Due to ...

India is the most efficient country in the world in digital work. The survey released by Gartner Inc. stated that about 67 per cent of digital workers in India have rated newly developed technologies like machine learning (ML), artificial intelligence (AI), Internet of Things (IoT) as superior to work. According to the Gartner 2019 Digital Workplace Survey, India is the most efficient country in the world in the digital field. After this, Britain and America are in second and third place. The survey states that most Indians know how to use new technologies in the digital space. Not only this, but they are also showing interest in learning new techniques. Gartner's Principal Research Analytics, Rashmi Chaudhary, stated that 27 per cent of digitally functioning employees in India are fully skilled in this field. At the same time, 7 out of every 10 employees see new technologies as high salary and better job opportunities. Technical professionals believe that th...

                                                 NFO Details Investment Objective The scheme seeks an investment return that corresponds to the performance of the S&P 500 Index, subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved. Minimum Application Amount Rs. 500/- and multiples of Re. 1/- thereafter Plans & Options Plans - Direct & Regular Plan. Options - Growth & Default plan/option Benchmark Index S&P 500 TR Index NFO Open Date 15 th April 2020 NFO Close Date 23 rd April 2020 ...

Due to coronavirus (COVID-19) infection, the growth rate in the Asia region in the calendar year 2020 will be 0%. This growth rate is the lowest since 1960. This estimate has been made by the International Monetary Fund (IMF). In a virtual press conference on Wednesday night, Changyong Rhee, director of the Asia and Pacific Department of the IMF, said that such a crisis has never happened before. It is worse than the global financial crisis and Asian countries have nowhere to go about it. Rhee said that the growth rate in the region in 2020 is likely to be the worst in 60 years. The region has grown at a growth rate of 4.7 per cent during the global financial crisis and 1.3 per cent during the ASEAN financial crisis. However, he said that Asia has better conditions than other areas in terms of the Act. The new World Economic Outlook released on Thursday by the IMF predicts the global economy to shrink sharply to 3 per cent in 2020. The World Economic Outlook states that t...

State Bank of India (SBI) Chairman Rajneesh Kumar said that real estate companies should focus on selling finished houses quickly and keeping their loan instalments on time instead of holding them in the hope of higher profits. Addressing a video conference of NAREDCO, a group of real estate companies, he said that if real estate companies want to stay in the market and return to normal business as soon as possible, then they need to focus on a few things is. They need to focus on selling finished houses quickly, avoiding default in payment of bank instalments and changing the general perception of the real estate sector. He said, "As soon as possible, sell ready-made housing units. We were feeling that prices would go up, but this is not happening in an unfortunate way. There was a time when there were buyers in the market who were buying homes for the first time. There were also investors in the market then and you had the possibility of doubling your investment...

The International Monetary Fund (IMF) fears that this year the global economy is looking to be caught in the biggest economic slowdown of the last century. IMF MD Kristalina Georgieva said on Thursday that more than 170 countries are expected to have a negative increase in per capita income this year due to the Corona epidemic. According to him, due to Corona epidemic, this year's global economic recession may be the most dangerous after the Great Depression of 1929. Speaking on the topic 'Coping with Crisis: Priorities of the Global Economy' ahead of the important meeting of the IMF and World Bank next week, Georgieva said that the world is currently facing its most serious challenge. COVID19 has put a thunderbolt on social and economic systems like we had never seen before. According to him, tens of thousands of people have lost their lives due to this virus and the lockdown imposed to avoid it has affected the livelihood of crores of people. Significant...

The Pension Fund Regulatory and Development Authority (PFRDA) said on Friday that NPS account holders would be allowed partial withdrawals for treatment-related expenses of COVID19. PFRDA said in a letter addressed to all shareholders and account holders under the National Pension Scheme (NPS) that in view of the decision of the Government of India, under which COVID19 has been declared an epidemic, COVID19's decision to declare critical illness Has been done, which is mortal. The PFRDA has stated in the letter that the account holders will be allowed partial withdrawal for the treatment of the disease. This permission will be given for the treatment of account holders, their spouse, children, dependent parents if needed. PFRDA has clarified that partial withdrawal facility will not be available to the account holders of Atal Pension Yojana Scheme (APY Pension). PFRDA said that we would like to clarify that at present there is no provision for partial withdrawal of...

Lockdown has been carried out across the country to prevent coronaviruses, causing people little difficulty in doing their daily chores. To reduce this problem, the Department of Posts has decided not to take a penalty for non-deposit of the minimum amount within the stipulated period in small saving schemes including PPF. According to the India Post website, schemes like Public Provident Fund, Recurring Deposit and Sukanya Samriddhi Yojana can now have a minimum deposit of up to June 30 without penalty. According to the India Post website, there is a default fee of 1 rupee for every 100 rupees. According to the department, "Subscribers to RD / PPF / SSY account can deposit the required amount by June 30. No penalty will be charged for this. However, if you are among those who have not yet deposited the minimum amount required, then it should be noted that penalty will not be taken for 2019-20 and April 2020. However, if you do not invest in time in May, you will ...

In a key detail amid the lockdown caused by COVID19, the People's Bank of China has bought a one per cent stake in India's major debtor Housing Development Finance Corporation (HDFC). According to the information given to BSE, China's central bank acquired about 1.75 crore shares of HDFC in the March quarter. This development has come at a time when HDFC shares have fallen drastically. HDFC shares have fallen by more than 25 per cent in the last one month due to the worldwide spread of coronavirus infection. HDFC shares closed at Rs 1701.95 per share on the BSE on the last day of the trading week on Friday. After this share purchase, the share of foreign portfolio investment in HDFC has increased to 70.88 per cent. The Singapore government also holds a 3.23 per cent stake in it. People's Bank of China has bought stakes in many companies around the world. It also includes large companies such as BP PLC and Royal Dutch Shell PLC. While the market too...

Riders are additional benefits that can be purchased with a life insurance policy to enhance your insurance cover. These are extra features that you can add to your basic insurance policy to protect yourself against a host of unexpected tragedies. Riders typically cost extra in premium and add value, flexibility as well as safety to the core coverage during the life of the policy. All life insurance riders get tax benefit under section 80C, subject to the overall limit of R1.5 lakh. Riders can be attached to all types of insurance policies endowment, moneyback, whole life and unit-linked insurance plans (ULIPS). While riders can be added anytime to your policy, it is wise to opt for them while buying the main policy. How much do they cost? Most riders are relatively inexpensive. A rider generally costs around 510 per cent of the total premium you pay for your basic cover. There is no limit to the number of riders that you may attach to your basic cover, but the prem...

Every three months, it is decided to reduce or increase the interest of small savings schemes run by the government. Most of the experts believed that in the last quarter itself, the rate had become low, but the government did not know why. If not done then it is done now. But this decision has been taken at a time where its noise is very low, but the beating will be very deep. Especially those who are surviving only on earning interest. There are more people in it, who either do not get a pension at all, or they do not get what they want. Many such people deposited money by saving during their jobs, opening a recurring deposit or fixed deposit. And there are many who have always kept either money in the post office account, or saved with the help of time deposit or recurring deposit. Then there is also no less number of people who have been buying National Savings Certificate or NSC for saving tax and hoping that when their earnings stop, then the income from...

Current bank accounts are extremely popular into businessmen, companies, firms, public enterprises, who generally have a higher number of normal transactions with the bank. The current account includes withdrawals, deposits, and contra transactions. Such accounts also are called the deposit account. A current account will be opened in most of the commercial banks. A current account is a zero-account, is mostly related to huge transactions on a daily basis. Due to the fluidity that these accounts offer, they don’t earn any interest. These also usually don't carry a limit on the amount of transactions which may be made. In India, the current account may be opened by depositing Rs.5000 to Rs. 25,000. the purchasers are allowed to withdraw the number with cheque, and that they usually don't get any interest.  You can open a current account of your firm or company anywhere in India. You can hold unlimited cash in your current account. You can see your b...