“It’s better late than never” The pandemic has made us realize this, isn’t it? Many people across the globe lost their jobs overnight due to a sudden economic slowdown. Many enterprises have faced an existential threat leaving people jobless. Whether billionaires, millionaires, rich or poor, no one has remained unaffected by this unexpected and unbelievable pandemic. Amongst all, the...
When the entire world was upgrading its defence technology in preparation for a World War III or asimilar situation between neighbouring countries, no one taught us that World War III would befought with social distancing, wearing a double mask and getting vaccinated against COVID. Lessonlearnt “Human discipline is more important and critical than any technology to discipline...
SBI’s corp loan book hints at a change in market growth dynamics- India’s largest lender, State Bank of India, posted a total corporate credit growth of 2.6% in FY21, including loans and debt investments such as bonds and commercial papers; however, if only loans are considered, SBI’s corporate book contracted 3%. Indian banks are realizing that to be able to see any...
Positive Start of Financial Market for FY-22 The FY 2021-22 came up with a ray of hope and positivity as the Financial Markets regained Momentum and the Indian Economy witnessed Traction in the Manufacturing & Other Economic Activity, despite the rising cases of COVID amidst the splurge of Second-wave in the Country.The IMF (International Monetary Fund) projected the GDP Growth of...
20% salary of mutual fund managers to come by way of scheme units: SEBI A minimum of 20% of a fund manager’s salary shall be paid in the form of units of mutual fund schemes that they manage. Aside from fund managers, all other “key employees” of the fund house will also be covered, such as the chief executive officer, chief investment officer, and other employees that the fund house...
The Monetary Policy Committee is entrusted with the responsibility of deciding the different policy rates including MSF, Repo Rate, Reverse Repo Rate, and Liquidity Adjustment Facility. Monetary Policy Committee (MPC) has six members and the main objective of this body is to maintain price stability and boost up the growth rate of the country’s economy.The MPC also maintained an accommodative...
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...
Mr. Sharma seemed quite tense while having a morning walk, which was either his work stress or retirement or something else maybe. I tried confronting on the same; “Hey Buddy, you look worried. Is there something you wish to share with me?” “Oh yes! I am not quite sure how to share my concern. But I can talk to you as a friend and maybe you can advise me as my Financial Planner.”...
Mrs. Bectors Food IPO opens today The Rs 540-crore initial public offer (IPO) of Mrs. Bectors Food Specialities will open for two days on Tuesday (December 15). Net proceeds of the issue would be utilized for financing the project cost towards the expansion of its Rajpura manufacturing facility by establishing a new production line for biscuits and for general corporate purposes. Are...
1. Oil falls as possible OPEC+ supply boost, COVID-19 spike weigh on sentiment A technical committee of the Organization of the Petroleum Exporting Countries (OPEC) and allied oil producers, a group known as OPEC+, ended a meeting on Thursday expressing concerns about rising oil supply as social restrictions to curb the spread of COVID-19 limit fuel usage. OPEC+ is set to reduce its...