Daily Market Analysis – 25th Feb 2021
Govt will monetize or modernize public sector: PM Modi Prime Minister Narendra Modi said India will “monetize or modernize” state-owned assets and that the government’s focus should be on public welfare schemes and development, rather than engaging in business. “The government will go forward with the mantra of monetizing or modernize,” “PSEs (public sector enterprises) should not...
Decoding Budget 2021
The most feared and most awaited event of the year; The Budget. Every person, every industry waited patiently for the announcement from our respected Finance Minister Nirmala Sitharaman. With COVID-19 pandemic on the backdrop, India was waiting for a “get well soon”. Let’s see what the Budget 2021 brought forward for us – Decoding Budget 2021: 1. No changes in personal...
How to select a suitable Tax regime for Yourself?
Our respected Finance Minister came up with an option of opting for an old or new tax regime whichever is beneficial to the taxpayer. Both the regimes have their own pros and cons of their own. This article will sum up the benefits as well as downsides of both the regimes which will help you in choosing a suitable regime for yourself. Let’s see what Old Tax Regime was all about: The old...
Daily Market Analysis – 19th Feb 2021
RailTel IPO grey market premium plunges RailTel Corporation of India’s Rs 820 crore initial public offer (IPO), which has been seeing strong retail participation at bids totaling 11 times the issue size so far, closes for subscription on Thursday. Till the end of Day 2 of the IPO, the issue was subscribed 6.55 times with the retail quota getting bids for 10.55 times the limit. The...
Daily Market Analysis – 18th Feb 2021
Cabinet approves PLI scheme for telecom sector worth ₹12,195 crore The Union Cabinet on Wednesday approved a ₹12,195-crore Production Linked Incentive (PLI) scheme for domestic manufacturing of telecom and networking products such as switches, routers, radio access networks, wireless equipment, and another internet of things (IoT) access devices. The core component of this scheme is to...
How ELSS is better than any other Tax saving scheme?
If you are looking for tax savings this season, then look no more. We have come up with an interesting blog on the evergreen topic of whether ELSS is better than any other tax-saving scheme. And what’s more interesting is that we have also summed up answers to every Why of yours. So what are you waiting for? Let’s skip this journey to the main content. What options do you have for tax...
Reviewing Your Financial Plan? Keep This Checklist Handy
‘The only thing that is constant, is the change‘, remarked a famous Greek philosopher and he was not wrong. Everything in the world changes and so does your financial requirements. As you grow older, your financial responsibilities change as per your financial goals. You are, thus, advised to review your financial portfolio at regular intervals and ensure a sound...
What is ELSS? Is ELSS Different from Mutual Funds?
Mutual funds have revolutionized the way people invest. Earlier, risk-averse individuals preferred fixed deposits while risk-taking investors went for stock markets. However, lately, mutual funds are becoming a favourite among investors. They promise market-related returns while the risk is diversified over a wide portfolio. What’s more, even small investors can invest in a...
Old vs New tax regime – Check what Mr. Shah opted for?
Benjamin Franklin once famously said, “In this world, nothing can be said to be certain except death and taxes”. We can’t beat death but we can definitely cope with taxes with the right advice. Mr. Shah was seen worried for a few days. When asked, he said, “Taxes were a complicated issue even for Benjamin Franklin. Now we are having 2 versions of it. How to choose...