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It will take almost 15 years for the Indian economy to recover from the losses suffered during the coronavirus pandemic, according to the Reserve Bank of India (RBI) FY22 monetary and financial report. “Assuming a real growth rate of -6.6% for 2020-21, 8.9% for 2021-22 and an assumed growth rate of 7.2% for 2022-23 and …
A guide to financial independence Financial freedom is generally thought of as “a state in which an individual or household has sufficient assets to support themselves without relying on income from any form of employment.” But as Robert Kiyosaki says, “Financial freedom is available to those who learn it and work for it.” If you …
The Federation of Hotel and Restaurant Associations of India (FHRAI), which also includes MSMEs and other companies, has again issued a statement to the Secretary of the Treasury, Nirmala Sitharaman, requesting her intervention to support the loan guarantee program of 60 billion announced this year in June. The association had also asked Nirmala Sitharaman to …
As small and medium-sized businesses build more complex portfolios that combine public and private assets, they need to take a comprehensive view of all investments in order to quickly assess risk and make informed decisions. For some organizations, a more complex portfolio may mean the quick addition of public and private debt, bank loans, real …
Reasonable care must be taken when filing our tax returns to avoid significant inconvenience in the form of notices and penalties. Common mistakes taxpayers make include filing tax returns with incorrect forms, failing to report details for all bank accounts, misreporting sources of income, and failing to verify electronic tax returns. You don’t have to …
Tata Mutual Fund (MF) has applied for a Global Semiconductor Fund (FoF) with the Securities and Exchange Board of India (SEBI). The fund will hold shares in several publicly traded exchange-traded funds (ETFs), which in turn invest in foreign-listed semiconductor chip companies. The ETFs are iShares Semiconductor ETF, iShares MSCI Global Semiconductors UCITS ETF, VanEck …
The Reserve Bank of India (RBI) accepted 21 out of 33 recommendations from an internal working group on the ownership policies and corporate structure of private sector banks on November 26. For non-bank financial corporations (NBFCs) seeking conversion to a universal bank, the sponsor company’s minimum experience requirement, including an NBFC in the conversion process, …
One of the main reasons some people prefer to stay away from stocks and invest in other assets like government bonds and time deposit accounts is that the stock market is far from stable. The investment can almost be explained as a roller coaster. Formally, a market correction is described as a decrease of at …