The government has issued a clarification on queries regarding a directive for nationalised banks to review employee performance, with implications for premature retirement of those deemed underperforming. In the Lok Sabha, parliamentarians Subbarayan K and Selvaraj V sought clarity on whether such measures were officially mandated and the criteria involved in these evaluations. The lawmakers
The appeal of India’s Tier 2 and Tier 3 cities is significantly influencing the real estate sector, spanning from tranquil areas to thriving urban centers. Factors such as a burgeoning population, swift urbanization, and enhanced infrastructure are drawing not only new residents but also developers keen to explore the vast opportunities these cities present. Economic
Question: I am a salaried employee and have invested in foreign Exchange Traded Funds (ETFs). I understand there have been recent changes to the tax treatment of foreign ETFs. Could you kindly provide clarification on how these changes may impact the taxability of my investments? Response given by CA (Dr.) Suresh Surana: In accordance with
In the era of globalisation, you have access to global markets and the opportunity to invest in international companies. You can invest in global companies either by directly investing in US stocks or through international mutual funds, which invest in foreign companies. Depending on one’s risk appetite, investing directly in US stocks can offer a
ASK Property Fund, KREEVA, and Shapoorji Pallonji Real Estate have jointly declared an investment exceeding Rs 270 crore in a luxury residential project located in Gurugram. This amount represents the initial funding for the collaborative development endeavor. Situated in Sector 46, Gurugram, and encompassing 1.74 acres, this luxury housing initiative aims to transform the urban
The Life Insurance Corporation of India (LIC) has launched Golden Jubilee Scholarship Scheme 2024 for students from economically weaker sections, with an aim to provide them higher education and employment opportunities. Them last date for submission of application is December 22, 2024. Students studying in a government or private university can apply for this LIC
Mirae Asset Mutual Fund has announced the launch of two new schemes: Mirae Asset Nifty India New Age Consumption ETF and Mirae Asset Nifty India New Age Consumption ETF Fund of Fund. These schemes aim to offer investors a chance to participate in India’s evolving consumption landscape, driven by changing demographics and increased discretionary spending
The prospect of obtaining a loan without interest may appear unrealistic. Nevertheless, there are particular circumstances in which interest-free loans are available. These alternatives are intended for specific purposes or demographics. Although such loans are accompanied by certain stipulations, they can offer considerable financial assistance when utilized judiciously. No-Cost EMIs for Consumer Goods Interest-free loans
The Centre in the Budget announced many important changes related to tax, especially to make TDS and TCS easy and simple. The purpose of these changes – which will be effective from April 1, 2025 – is to make tax compliance easier for common taxpayers and traders and eliminate unnecessary complexities. These changes will ensure
The Centre in January announced its decision to form the much-awaited 8th Pay Commission, which is likely to submit its recommendations to the government early next year. As a next step, the Modi government is expected to announce the name of the chairman and two members under the commission next month. The process of formation
The domestic key equity indices broke through the 10-day long losing streak, providing some relief to the investors. The NSE Nifty 50 headed north 255 points or 1.15% to settle at 22,337.30, while the BSE Sensex rose 740 points or 1.01% to finish at 73,730. The rally on D-Street was led by metals, realty, auto
In the last few months, there has been a lot of volatility in the stock market, which has affected all categories of mutual funds. Indian equity benchmark indices Sensex and Nifty have shed 14% and 16%, respectively, in the last 5 months. Broader indices like BSE Smallcap and BSE Midcap have crashed over 25% and
TCS and Tech Mahindra have been up smartly in trade today as the tech stocks participated in the broad based buying seeing after 10 consecutive sessions of loss. The brokerage firm, Kotak Institutional Equities has upgraded Tata Consultancy Services (TCS) and Tech Mahindra to ‘Buy’ following a sharp correction in Indian IT stocks over the
