Daily Market Analysis – 26th Feb 2021
1. Petrol Diesel Price Rise India is the World’s Third- largest oil market and depends heavily on crude oil. India consumes nearly 211.6 million tonnes of oil every year. India does not have enough reserves. India depends on imports with some of the blame on the Organisation of petroleum exporting countries, and they have cut supplies but the demand is rising. Owing to this,...
Checklist for successful Estate Planning- FFC Ep 11
Estate planning means accounting for all of your assets and ensuring that transfer happens as smoothly as possible to the people or entities you wish should receive them. Check out this video to get a list of pointers to note for a successful Estate planning. Stay tuned for our upcoming videos on MWP Act – A Financial Boon for Women………… Chat...
PRODUCTION LINKED INCENTIVE SCHEME – PLI
The Production linked incentive (PLI) scheme is a scheme that aims to give incentives to companies on incremental sales (base year is 19-20) from products manufactured in India. It aims to encourage local companies to set up and expand existing manufacturing units thus cutting down reliance on imports from other countries, mainly China. It will also invite foreign companies to set up...
Quick tips for financial planning in 2021
Financial planning in 2021 – The year 2020 was one of such nightmares which many of us would definitely like to forget at all costs. Nevertheless, this year also taught us a lot about many aspects of life which we almost pay no attention to. In all, with the announcement of the vaccination drive for COVID-19, the year 2021 has rung a bell and has shown us a ray of hope in the gloomy...
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...
Daily Market Analysis – 23rd Feb 2021
1. Rise in bond yields caused by short selling by traders As the recent rise in bond yields both in the domestic and the US markets has caused a frenzy in the stocks markets, short selling by market players may be a major reason for the rise in yields. The strategy of short selling involves the sale of a security which the seller has not yet purchased but borrows from others in the...
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...Will vs Nomination vs Joint Holding
How to ensure that our loved ones are protected even when we are not there with them? We need to make sure that they are taken care of even after an unfortunate event of death. Will: Will allows the testator to explicitly assign and allocate the assets to the person whom he wants to bequeath the wealth. Will should be dated, signed and should be written in a sound mind which...