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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...