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Reliance Jio IPO: India's Biggest IPO Coming Soon? Valuation, ARPU, and Latest News

  New Delhi : Financial specialists are profoundly excited almost the Dependence Jio IPO and are anticipating it with awesome expectation. After two decades, Dependence Businesses is set to dispatch an IPO for one of its major commerce units. Presently, Mukesh Ambani has given a critical upgrade with respect to this Jio IPO . The draft outline for Jio Stages is anticipated to be recorded following month. This may possibly be the biggest IPO in the country's history. Dependence has designated a consortium of 19 banks to oversee this process.   Mukesh Ambani, Chairman of Dependence Businesses, has dropped a major indicate with respect to the exceedingly expected IPO of Jio Stages. Depicting it as a "definitive breakthrough," Ambani signaled that the company is quickly progressing in its arrangements for what is balanced to be India's largest-ever IPO. Talking amid the company's profit discharge, Ambani expressed, "I am satisfied to share that we are making...
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Sovereign Gold Bond issued by Indian Government



Sovereign Gold Bond issued by Indian Government




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 pay Rs 4,589 per gram. In this case, you will get 10 grams of gold for Rs 45,890. In the next slide, you know where you can buy it and how you will get an income tax rebate.

Apart from banks, post offices, NSE and BSE, you can buy gold bonds also through Stock Holding Corporation of India Limited. Let us know how you will get income tax exemption under this. Gold bonds have a maturity period of eight years and get an interest of 2.5% per annum. The interest received on the bond is taxable as per the tax slab of the investor, but it is not tax deducted at source (TDS).

Investors in sovereign gold bond schemes are allowed to buy up to 500 grams of gold bonds in a financial year. There is a minimum investment of one gram. The government has increased import duty on gold from 12.5 per cent to 12.5 per cent in the budget. At the same time, gold prices are continuously rising due to increased buying globally.

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