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Showing posts with the label Financial Year 2020-21

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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...

After 1991-92, India's GDP may be the lowest growth in 2020-21 | India ratings reduced estimates

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 (...

Highlights of Union Budget 2020-21

Finance Minister Nirmala Sitharaman delivered the longest budget speech in six years of the BJP government. She started her address in the Parliament by and went on to announce key reforms that sought to address both economic and social aspects of the country. Finance Minister Nirmala Sitharaman said, “In May 2019, Prime Minister Narendra Modi received a massive mandate to form the government again. People of India have unequivocally given their janaadesh for not just political stability, but have also reposed their faith in our economic policy. This is a budget to boost their income and enhance their purchasing power.” Let's look at the key highlights of Budget 2020: New tax Slabs Budget 2020 has made the tax structure more complicated by adding three tax slabs. A new tax regime has been announced. Those who want to be in the old regime with exemptions can continue to pay at the old rates. Taxpayers will have the option to switch t...