(This story originally appeared in on Jun 14, 2021)NEW DELHI: The pension regulator is in talks with the government for an overhaul of the National Pension System (NPS) — including changes to the tax regime, allowing insurance agents to hawk the scheme and launching systematic withdrawal plans as well as annuities indexed to inflation to offer higher returns — PFRDA chairman Supratim Bandyopadhyay told TOI in an interview. While implementation of some of the changes has already begun, others such as allowing investors to park their entire corpus into systematic withdrawal plans (SWPs) will require amendments to the law. Currently,…
Author: Miley Selena
Vietnam documented an additional 92 Covid-19 patients in the past 12 hours to 6 am on Monday, including 91 locally-infected cases, the Ministry of Health has reported. Around 3,998 Covid-19 cases in Vietnam have been discharged from hospital. According to the Ministry of Health, one Covid-19 case from abroad was reported in Tay Ninh Province. The patient, a 38-year-old man in Nghe An Province, entered Vietnam through Moc Bai International Border Gate in Tay Ninh on June 11. Two days later, he tested positive for Covid-19. Related: Foreign visitors might be able to enter Vietnam with a vaccine passport Of…
With countries still struggling to overcome the COVID-19, the global airline industry is expected to resume its pre-pandemic levels in 2023-25. And air traffic is predicted to almost double from 4.5 billion passengers in 2019 to 8.5 billion in 2039. This will definitely be game time for aircraft manufacturers. As such, Airbus the European multinational aerospace company is providing suppliers with an e update of its production plans, giving visibility to schedule necessary investments and secure long term capacity and production rate readiness. Guillaume Faury, Airbus CEO, said the aviation sector is beginning to recover from the COVID-19 crisis. “The…
Its portfolio size cut from 50-60 to 35 now is an outcome of this realignment.SynopsisEarlier known as Tata Equity Opportunities, the fund morphed from a large-cap biased fund to a large & mid-cap fund in 2018. This transition coincided with a broader reshaping of investing philosophy at the fund house and a change of guard. ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. How the fund has performed 83457564 Where the fund invests 83457570 BASIC FACTS Date…
Investing in sharesWhen one buys or sells shares, they have to carry out the transaction through a broker. There are various costs involved in such transactions and it is important to understand the same to arrive at the real cost of purchasing or selling BrokerageThis is the charge levied by the stock broker for transactions carried out by the investor based on the value of the contract or at a flat rate as agreed between the parties. Securities transaction taxThis is a mandatory charge levied as a percentage. STT rate is 0.1% of the transaction value for delivery based equity…
1. This is ideal for small savers and is available for a maximum limit of Rs 4.5 lakh for single account holders and Rs 9 lakh for joint account holders. 2. The interest payable is monthly at the annual rate of 6.6%. 3. The lock-in period is 5 years after which the principal can be withdrawn. 4. While there is no TDS, the scheme doesn’t provide Sec 80C benefits and the interest is taxable. 5. This scheme can also be provided for minors above age of 10 years. (Content on this page is courtesy Centre for Investment Education and Learning…
In this week’s Realty Hot Spot series, we take a look at the area along Chennai’s Old Mahabalipuram Road (or OMR). With proximity to key job hubs and good social infra, the area is eyeing a boost in residential demand due to the proposed Chennai Metro Phase-2. Old Mahabalipuram Road and East Coast Road provide widespread road connectivity for the area. Properties here are available in the price range of Rs 3,400-8,400 per sqft. A 1-BHK (580 sq ft) can cost an average of Rs 33 lakh and a 4-BHK (2,320 sq ft) can cost Rs 1.35 crore. Here are…
How can you avoid bad or mistimed decisions that can derail your career or wealth? No one can take good decisions all the time. A good decision comes from your human brain, gifted with intellect and imagination, where you think through actions and consequences, predict how others will respond and then decide. That’s rational or cognitive thinking. Bad decisions come from failings of the human brain or cognitive biases. The bad news is that you will repeat the same mistakes. The good news is that you can find a pattern in your errors to recognise and deal with your primary…
We routinely meet people who make financial decisions we will dismiss as stupid. Someone bought DFHL stocks yesterday, hoping to make some quick bucks; someone borrowed to buy a third house at a steep price and took their EMI up; someone withdrew cash with their credit cards. And so on. The theory and concepts in personal finance are not complex. They are not beyond the comprehension of ordinary folks who have to make financial decisions. But many are not able to put that theory to practice. They know that they must stabilise their income; but they quit their jobs in…
More liquidity and positive news flow into market: After sharp upmoves in the past one month, the benchmark indices could only rise marginally during the past week. This was despite several positive news flows like normal monsoon for the third consecutive year, government’s decision to increase minimum support price for several Kharif crops, India continuously reporting less than one lakh new covid cases per day and the decisions by a few state governments to end lockdowns. Continuous equity inflows from domestic investors also kept the market sentiments up. Nifty was able to scale an all time high and ended the…