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Showing posts from April, 2016

How to maintain safe distance from Income tax department

How to Maintain Safe Distance from Income Tax Department Do you want to keep an Arm’s Length Distance from the Income Tax Department? Obviously the Answer is YES!!! But the question here is HOW??? Here are a list of expenses/ investments, which at any point of time performed by you may invite undue attention from the Income tax Personnel. 1) Depositing Cash aggregating to Rs.10 Lacs p.a. in your Savings Bank Account. 2) Making Credit Card Payments of more than Rs.2 Lacs p.a. 3) Investment in Mutual Fund Units worth more than Rs. 2 Lacs. 4) Investment in Debentures/ Bonds, amounting more than Rs. 5 Lacs 5) Investment in Shares worth more than Rs. 1 Lakh. 6) Investment in Gold ETF worth more than Rs. 1 Lakh. 7) Investment in RBI Bonds worth more than Rs. 5 Lacs. 8) Purchase / Sale of any Immovable Property exceeding Rs.30 Lacs. 9) Receipt of Cash Payment exceeding Rs.2 Lacs for sale of any goods/ services. 10) Cash deposits or withdrawals aggregating to Rs 50 lakh or more i

MARKET ROUNDUP

MARKET ROUNDUP Business Standard Ø  ED's Sequoia raid spooks India's venture capital community Ø  Chit fund scams: Rs 80,000 crore and counting Ø  Govt mulls liquidating some loss-making PSUs Ø  India trims American govt securities exposure to $118.8 billion Ø  Forex reserves at record high of $360.25 billion Ø  SAARC nations must work together to push trade: Secy Ø  China arrests 62 people in biggest telecom fraud Ø  Govt's model bill on water to stress on storage creation Ø  India-France solar alliance talks of $1 trillion investment Ø  Concern over India's nuclear liability law still remains: French firm Ø  No interest subsidy on crop loan beyond Rs 3 lakh, says panel Ø  Sebi mulls online registration for market entities Ø  27.55% of RIL's record net in FY16 comes from treasury income Business Line Ø  ‘There will be no Fed rate hikes in 2016; US dollar will continue to stabilise’ Ø  Panel on excise duty on jewellery Ø  Plastic may replace jut

#Market News as on April 22, 2016.

Market news Business Standard Ø  Bad loan-laden banks get a brief respite from RBI Ø  Wipro's Q4 consolidated net profit at Rs 2,240 cr Ø  State-run cos likely to launch masala bonds worth $1 bn in UK Ø  Crude oil import bill halves to $64 bn in 2015-16 Ø  US opens probe linked to Panama Paper revelations Ø  Low oil prices may help cos improve performance: SBI Ø  Services sector driving Indian economy: President Ø  Small, medium-sized UK firms face 35.6 billion pound Brexit hit Ø  Govt calls on developed world to tax coal for climate fund Ø  Tata Steel UK staff to bid for Welsh business Ø  Bharti Airtel plans to sell 5% in tower arm Bharti Infratel Ø  Essar Steel bags letter of intent to develop iron ore block in Odisha Ø  India set to sign climate change treaty on Friday Business Line Ø  March quarter sees churn getting more cemented in Prism Cement, Heidelberg Ø  India fastest growing services economy: CII-KPMG report Ø  Tyre makers seek steps to halt surge

Where do I invest ?

ये केलकुलेशन आपको बताएगा कि आपको अपना पैसा कहाँ लगाना चाहिए...👍​     ईमानदारी से Solve करना। नीचे दिए गए अंको में से कोई भी एक अंक चुने। 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9. अब उसे 3 से गुना करे अब उस अंक में 3 को जोड़े अब फिर 3 से गुना करे आपको 2 Digit का अंक मिलेगा। दोनों अंको को जोडें अब ये नंबर आप को बतायेगा कि आपको कहाँ निवेश करना चाहिए । 1. Property 2. Gold 3. F.D. 4. Business 5. Shares 6. P.P.F. 7. R.D. 8. N.S.C. 9. Call ur advisor now 10. Mutual funds 11. Company deposit अगर अब भी ना मानो तो आपकी मर्ज़ी से कोई और नम्बर भी SELECT कर के फिर तसल्ली कर लो. 😜😜😜😜

Market update on April 21, 2016

Banks In Focus: Banks told by RBI that they do not need to provide for outstanding loans to 20 cos in March quarter: Jewellery Cos: CNBC-TV18 Exclusive: Sources Say: Gold Jewellery Exporters Could Get Duty Free Gold From Banks, Agencies; Jewellery Exporters To Get Duty Free Gold On Exports Fm Jan '13 To Feb '14; Gold Jewellers Allowed To Encash Bank Guarantee Immediately Post Exports; Nominated Agencies To Transfer Gold From One Port To Another; CNBC-TV18 Alert: Nominated Agencies Can Only Import In Their Areas Currently Bharti Airtel may sell 5% in Infratel to raise up to Rs 3700 cr. ;Telco may use proceeds to cut debt ahead of upcoming spectrum (ET) Videocon Co’s D2H plans arm plans to turn PAT positive by Q1FY18 (ET) Jet Airways plans to hire 400 pilots in 18 months  (ToI) GTL Ltd and banks offers a onetime payment of 60% debt by monetizing assets Looking to repay 4000 cr; MCap : 196 cr. Bankers include Andhra bank,BOB,BOI,Canara Bank,PNB,IDBI Bank,Vijaya Bank(FE) Tata Ste

PSU News Update

PSU NEWS UPDATE April 19, 2016  1. NEW DELHI. Centre plans loss-making PSU land bank. Times of India  2. NEW DELHI .Govt lets NTPC dispose of fly ash in mine void for 1 more year.moneycontrol.com  3. CHENNAI. Clean energy sector achieves record  capacity addition of 6,937 MW in FY16  4. BANGLORE. BEML enters dredging business .  5. Kolkata. Coal India to cut prices to take on competition.Business-standard  6. NEW DELHI . NALCO Pays Dividend of Rs.260.72 crore to Govt .  7. Kanpur. PM thanks Aditi for supporting 'Swachh Bharat Abhiyan'Times of India  8. New Delhi . Swachh Bharat Abhiyan Scores Big, 50% India Now Has Access To A Toilet,  9. New Delhi . POWER GRID Attains top position in Swaach Bharat .  10. CHENNAI. India surpasses solar energy target for 2015-16 more than one and a half times  11. MUMBAI.Air India flies into operating profit first time since merger.  Financial  Express  12. MUMBAI. Banks sell Rs 5,000 crore worth bad loans to ARCs. DNA  13. MUMBAI

Market Update on April 19, 2016

The Economic Times Update India in grip of severe water crisis; government mulls making demand management a priority http://m.economictimes.com/news/politics-and-nation/india-in-grip-of-severe-water-crisis-government-mulls-making-demand-management-a-priority/articleshow/51885918.cms Silence of TCS management heightens growth uncertainty in the wake of fine slapped by US jury http://m.economictimes.com/markets/stocks/news/silence-of-tcs-management-heightens-growth-uncertainty-in-the-wake-of-fine-slapped-by-us-jury/articleshow/51886477.cms How Reliance Group Chairman Anil Ambani is readying his companies to target big-ticket defence projects http://m.economictimes.com/news/defence/how-reliance-group-chairman-anil-ambani-is-readying-his-companies-to-target-big-ticket-defence-projects/articleshow/51886015.cms State run banks, led by SBI, decide to freeze lending to Punjab government http://m.economictimes.com/industry/banking/finance/banking/state-run-banks-led-by-sbi-decide-to-freeze

Market review

The Economic Times Update Strong monsoon may lift Sensex to 29,000-35,000 points by year end, suggests poll http://m.economictimes.com/markets/stocks/news/strong-monsoon-may-lift-sensex-to-29000-35000-points-by-year-end-suggests-poll/articleshow/51870407.cms After Zomato, Snapdeal, Grofers, more startups brace for second round of layoffs http://m.economictimes.com/jobs/after-zomato-snapdeal-grofers-more-startups-brace-for-second-round-of-layoffs/articleshow/51870626.cms Banks led by SBI may shut doors on lending to Punjab government's food purchases http://m.economictimes.com/industry/banking/finance/banks-led-by-sbi-may-shut-doors-on-lending-to-punjab-governments-food-purchases/articleshow/51870456.cms Sanjay Kapoor, ex-Micromax chairman, may file claim of Rs 600-700 crore against company http://m.economictimes.com/tech/hardware/sanjay-kapoor-ex-micromax-chairman-may-file-claim-of-rs-600-700-crore-against-company/articleshow/51870510.cms Heat waves to result in record sales

Performance and Outcome

Performance vs. Outcomes Coca-Cola is fighting 12 consecutive years of soda consumption decline. Its stock is at an all-time high. Tesla is changing the world, and orders for its new car are off the charts. Its stock is lower than it was 18 months ago. Cigarette consumption has dropped 44% since 1981. Altria stock is up 71,000% since 1981. WalMart net income has tripled since 2000. Its stock has lost 1.5% since 2000. Apple has earned almost a quarter trillion dollars of profit since 2012. Its stock has barely budged. Amazon's profits round to zero since 2012. Its stock has tripled. 2009 was one of the worst years for the economy in a century. The market rose 27%. 2015 was a good year for the economy. The market rose 1%. Brazil's economy is a disaster. Its stock market is flat over the last two years. America is enjoying the longest streak of low unemployment claims in four decades. Its stock market is also flat over the last two years. And so on. I'm fascinate

What are the #Panama Papers ?

1. WHAT ARE THE 'PANAMA PAPERS'? The 'Panama Papers' are a set of confidential documents leaked from one of the biggest law firms of Panama - 'Mossack Fonseca'. The Panama Papers provide information about thousands of offshore entities, identities of their shareholders and directors. It listed various world leaders, public officials, billionaires, celebrities, sports stars and politicians. 2. HOW MUCH DATA HAS BEEN LEAKED AND BY WHOM? a) The leaked data consists of 11.5 Million Documents in around 2,600 GB taken from the Mossack Fonseca's internal database by one of its employees. b) These documents were obtained by Sueddeutsche Zeitung, a daily newspaper headquartered in Munich, Germany. Sueddeutsche shared the Panama Papers with the Washington-based International Consortium of Investigative Journalists (ICIJ) and other news outlets, including the BBC, the Guardian and the Indian Express. c) Sueddeutsche mentioned that an employee at the law firm had l

#Reserve Bank reduces interest on Home Loans

गृहकर्जदारांना दिलासा, RBI कडून व्याजदरात कपात http://ow.ly/3zvz9X ✒✒✒✒ मुंबई: भारतीय रिझर्व्ह बँकेने आज रेपो आणि रिव्हर्स रेपो दरात पाव टक्क्यांनी कपात केली आहे. मात्र सीआरआर दरात कोणताही बदल केलेला नाही. रिझर्व्ह बँकेने आपलं द्विमाही पतधोरण आज जाहीर केलं. आरबीआयचे गव्हर्नर रघुराम राजन यांनी नवे दर जाहीर केले. नव्या दरानुसार रेपो दर 6.75 टक्क्यांवरून 6.50 टक्क्यांवर आला आहे. सीआरआरमध्ये कोणताही बदल केलेला नाही. सध्या सीआरआर दर 4 टक्के आहे. आरबीआयच्या या निर्णयामुळे कर्जावरील व्याज कमी होऊन, कर्जदारांचा मासिक हफ्ता काहीसा कमी होणार आहे. रेपो रेट म्हणजे काय? रेपो रेट म्हणजे ज्या दराने बँका रिझर्व बँकेकडून पैसे घेते तो दर.  रेपो रेट वाढणं म्हणजे बँकांना रिझर्व बँकेकडून मिळणाऱ्या कर्जदरात वाढ होणं, तर रेपो रेट कमी होणं म्हणजे बँकेला स्वस्तात पैसे मिळणं.म्हणजेच आरबीआयने रेपो रेट वाढवला तर पर्यायाने सर्व बँकांना ग्रहकांना द्यावयाची कर्जाचे दरही वाढवावे लागतात.  तर कमी झाल्याने व्याज दर कमी होतो. रिव्हर्स रेपो रेट म्हणजे काय? रिव्हर्स रेपो रेट म्हणजे रेपो रेटच्या अगदी उलट संकल्पन

Prepare yourself for a New Revolution in the Financial Markets

PREPARE YOURSELF FOR A REVOLUTION IN FINANCIAL MARKET WHICH NEVER HAPPENED IN THE HISTORY OF MANKIND Recently, Mr. Nandan Nilkeni, a founder team member of Infosys and generator of the concept of Aadhar made one presentation of the impact this Aadhar linked cell phone will create and revolutionize the market in general and finance market in particular in India / world is a worth watching clip. I think the presentation of those 30 minutes will make you spell bound and speechless. How the technology is going to change the way we live in this world since the decades.... Major highlights of the presentation are as under. 1.There will be a massive disruption in financial services on back of technology revolution. 2.The telecom revolution has changed the desktop based environment to mobile interned based environment. 3.“Whats App movement” is the concept to understand this revolution because today 30 billion messages in a day are passed through Whats App in the world surpassing the SMS

The Modi effect

India Inc gets the message... Vijay Mallya waves the white flag of settlement... Jindal' selling steel rail business , Essar selling steel and oil business , GVK sold BIAL airport stake & power on block  , DLF selling land banks , GMR assets r on sale , JP group sold cement , power , road assets ,  Tatas selling Corus , Lanco assets on sale , Videocon selling oil assets , Renuka Sugars selling Brazil business , Sahara assets on sale ,..... Have you heard in 60 years any Indian promoter selling their company to repay bank loan !!? Now you know who is cracking the whip . Let's be Intolerant of NPA's and recover our hard earned public money given away  freely by the Congress Government which was in power earlier. Jai Ho Swach' Bharat Safal Bharat Samrudh Bharat.!!

Amendments to the Finance Bill 2016

Amendments vide Finance Bill, 2016 applicable wef. 1st April. 2016 Dear Professional Colleague, The Finance Bill, 2016 which was brought into by the Union Budget, 2016-17 come out with no. of amendments applicable from varied dates. Changes which were effective from the 1st day of April, stands imbibed are listed as follows:- A. Changes relating to Mega Exemption Notification Exemptions Withdrawn Exemption in respect of Services provided by a senior advocate to an advocate or partnership firm of advocates withdrawn Services of transport of passengers by ropeway, cable car or aerial tramway withdrawn Exemptions Introduced Services of assessing bodies empanelled centrally by Directorate General of Training, Ministry of Skill Development & Entrepreneurship Services provided by way of skill/vocational training by Deen Dayal Upadhyay Grameen Kaushalya Yojana training partners The threshold exemption limit of consideration charged for services provided by a performing artist