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महत्वाची आणि उपयुक्त माहिती समजा, तुम्ही बाहेरगावी गेलाय आणि तिथे तुमच्याकडे असलेली नगद रक्कम संपली तर? समजा, तुम्ही प्रवासात आहात आणि कुणीतरी तुमची पर्स चोरली तर? समजा, तुम्ही शिक्षणासाठी दुसऱ्या शहरी राहताय आणि तुम्हाला तात्काळ फी भरायची आहे. तर? समजा, दुसऱ्या गावात असताना अचानक दवाखान्यात ऍडमिट होण्याची वेळ आली तर? समजा…. असो मंडळी! अशा अचानक संकटात सापडण्याच्या शक्यता भरपूर आहेत. पण आपण अशावेळी काय करतो? सुरुवातीला भांबावून जातो कारण जवळ काहीच पैसे नसतात. एटीएम चोरीला  गेले असते. जर सोबत असेल तरी त्यांच्याही अकाउंटमध्ये गरजेइतके पैसे नसू शकतात. अनोळखी शहरात कुणी ओळखीचे नसते. मदत मागायची तरी कोणाला? आणि ओळख पाळख नसताना कुणी पैशांची मदत करेल याची शक्यता फारच कमी! या अडचणीवर एक उपाय आहे! उपाय साधा सोपा आहे आणि खात्रीचासुद्धा! अशावेळी तुम्ही सरळ पोस्ट खात्याला शरण जा. तिथं तुम्हाला नक्कीच मदत मिळेल. तुम्ही आपल्या नातेवाईक/मित्रांकडून पैसे एका मिनिटात पोस्टात मागवू शकता आणि दुसऱ्या मिनिटाला ते त्वरित काढू शकता. ते सुद्धा पोस्टात अकाउंट नसतानाही... आश्चर्य वाटलं ना? पण हे खर...

*WHAT TO WATCH:* • A $2 Billion Health Empire Run By Four Sisters Makes a Comeback • India October Crude Oil Imports Rise 10.5% Y/y to 21M Tons • Maldives, Wooed by India, Set to Scrap China Deal, Reports Say • Biggest Indian Utility Said to Mull Buying Distressed Generators • Tycoon Mistry Plans $1 Billion Share Offer Amid Rare Sales • BPCL Unit to Spend 40B Rupees on Maharashtra City Gas Projects • Piramal Enterprises to Consider Private Placement of NCDs up to INR10b • India Coffee Output Seen Down; Indonesia Revised Lower: USDA FAS • Goldman Sees Double-Digit Emerging-Market Stock Returns in 2019 • Twitter CEO Gets Trolled After Wading Into India’s Caste Debate • Global Funds Sell Net INR13.8b of India Equity Derivatives on Tuesday o Global Funds Sell Net INR7.53b of India Stocks Tuesday: NSE o Foreign Investors Buy Net INR10.5b of Indian Equities Nov. 19 • Why India’s Government and Central Bank Are Feuding: QuickTake] • Worst Day of an Awful Year Leaves No Corner of Market Unsc...

*Global News, Views and Updates* *Asia Stocks Roiled as Wall St. Woes Spread to Debt* Asian stocks are back in bear-market territory after another dive on Wall Street, where concerns have spread to the corporate-bond market. Investors are also contending with no obvious havens, with Treasuries little changed so far this week and gold weaker. Equity benchmarks retreated across the region though U.S. futures edged higher. Oil tumbling toward $63 a barrel weighed on energy compa nies, while a plunge in Apple Inc.’s stock hit suppliers in Asia. All major U.S. benchmarks fell more than 1.5 percent Tuesday. *Investors Flee Oil as Stock Rout, OPEC Doubts Turn Up Pressure* Investors have fled oil in droves repelled by a toxic mix that included a global selloff in stocks, rising doubts on OPEC’s commitment to production cuts and escalating trade tensions. Crude joined a rout in equities that saw U.S. stocks plunge on heavy trading, as investors fretted about an American confrontation wit...

Market is like an Elephant  🐘 : Six blind men in a village has an opportunity to feel elephant as they are not able to see. Everyone of them touched the elephant. "Hey, the elephant is a pillar," said the first man who touched his leg. "Oh, no! it is like a rope," said the second man who touched the tail. "Oh, no! it is like a thick branch of a tree," said the third man who touched the trunk of the elephant. "It is like a big hand fan" said the fourth man who touched the ear of the elephant. "It is like a huge wall," said the fifth man who touched the belly of the elephant. "It is like a solid pipe," Said the sixth man who touched the tusk of the elephant. They began to argue about the elephant and everyone of them insisted that he was right. A wise man asked them, "What is the matter?" They said, "We cannot agree to what the elephant is like." The wise man calmly explained to them, ...

In these volatile times, when *FII's* are selling non stop, and no big local positive news happening where do we get conviction to stay invested in equity. Conviction comes from quality of management and business. Think.... Has maruti stopped making new cars and expansion of volumes ...? 🚗 Has hpcl, bpcl,.... shutdown even one single pump due to high crude prices ...?  ⛽ Has jubiliant foods stop making dominos pizza...? 🍕 Have school going children stopped buying bata shoes...? 👞 Have ITC stop making cigarettes...? 🚬 Did any bank send you back home saying, sorry sir no cash available today...? 💰 Have people stopped taking baths and washing clothes with HUL products...? Is any flight of indigo flying empty...? ✈ If answer to all above question is a big *NO* .... then why do we worry. Prices of shares and NAVs of many good funds are available at lower than demonitisation phase value of dec 2016 After demonitisation 2017 was a non stop dream run. So...

India’s equity market capitalisation would grow at a compound annual rate of 12 per cent to reach $6 trillion by 2028. Equities could also prove to be the asset class that gives the best return going forward but with lower returns than in the past 25 years, says a Morgan Stanley report. India analysts of the US investment banking firm also expects the Indian economy to grow to $6 trillion size in the next 10 years. In a report titled, “25 Years: Retrospective and Prospective” —brought out to mark completion of its 25 years in India--Morgan Stanley India analysts say the journey toward a $6 trillion GDP and market cap is, however, not without its challenges and risks. “We see risks to our base case from global growth environment and delivery and execution of policy reforms required to support the medium-term growth trajectory,” Ridham Desai, Sheela Rathi and Upasana Chachra, analysts from Morgan Stanley said. “India’s medium-term growth trend will be supported by the interplay of the s...

*NBFC fund crunch begins to hit real estate sector* Home buyers and real estate developers are facing a fund crisis, despite RBI’s recent measures to increase bank credit to non-banking finance companies (NBFCs) and housing finance companies (HFCs). The problem is so acute that in several cases, sanctioned home loans are not being disbursed and funds committed earlier under construction-linked home loan schemes are not being released by several players. The cash crunch has al so pushed up home loan interest rates by 50-75 basis points (100 basis points make a percentage point). For developers, the increase can be as much as 300 basis points, said Pankaj Goel, a director in Express Builders, a Delhi NCR-based outfit. NBFCs are keen to transfer their home loan accounts to banks for pre-payments, which help them generate cash. The condition is so difficult that no NBFC is ready to write a large cheque of Rs 30-40 crore. Even limits on credit lines given by them to firms have been l...

*The India–Japan, Currency Swap Agreement* Last week, India and Japan entered into a currency swap agreement to the tune of US$ 75 billion, which might help in controlling the steep fall in the Indian rupee’s value. *How does it work?* The agreement is signed between the central bank of two countries, where the terms and costs of the swap are decided. Under a currency swap, one country will be able to exchange its currency with an equivalent value of the other country’s currency, at a pre-determined exchange rate and for a predetermined period. In the present case, Reserve Bank of India (RBI) will have access to US dollars of up to 75 billion (or Japanese Yen of an equivalent amount) from the Bank of Japan. In return, Bank of Japan will also get an equivalent amount of Indian rupees or US dollar from the Reserve Bank of India (RBI). The arrangement will be used only when required, and will help the government in meeting short term liquidity requirements. Since the exchange rate o...

*Few Recent Market Developments* 1. *Crude Oil* has corrected all the way from US$86 per barrel (with market concern that it may reach even US$90-100 pb) to US$69.13 per barrel, taking Crude Oil into bear market. Further, an influential Wall Street Journal story indicating that Saudi Arabia is studying the possibilities of OPEC collapse provided additional comfort that the decades-old era of crude oil cartelization may extinct. 2. *US mid-term elections* result (wherein Democ rats winning back House of Representatives; and Trump's Republicans retaining Senate) has given renewed confidence to US markets that the split house can act as a check on Trump's aggression. This renewed confidence has averted the risk of US markets slipping into bear market (which appeared high possibility scenario 15 days back). Dow Jones corrected 9.2% in October 2018, but gained back 6% post-election result. Unless US Congress and Trump get into disruptive gridlock in policy making, the risk of ...

ELSS vs PPF – Comparison of ELSS Funds with Public Provident Fund Saving plays an important role in meeting the growing needs of individuals and families. But these savings are truly beneficial if they are able to meet your needs after beating inflation. Tax is an aspect that takes away a substantial amount of your income and therefore, as an investor, you must weigh your options for the best tax efficient investment options. 1. Introduction It takes good financial planning on your part to make your savings meaningful and invest in schemes that give you the best results. Under the Income Tax Act, Section 80C, the Government of India encourages individuals and households to save and be better prepared for retirements and other contingencies in the future. The government has allowed an exemption on various investment schemes for individuals to claim as much as INR 1,50,000 in deductions on investments. We shall now look at two of such schemes:  a. Equity Linked Savings Scheme...

Tax Audit – Limit, Due Date & Section 44AB Tax audit is the verification of the books of accounts of an assessee to validate the income tax computation and compliance with the laws of Income Tax. Auditing of books of accounts must be carried out by a certified Chartered Accountant. In this article, we look at tax audit limit, section 44AB of the Income Tax Act and appointment of tax auditor. Tax Audit Limit The provisions relating to tax audit are provided under Section 44AD of the Income Tax Act. According to Section 44AB, tax audit is required for the following persons: Business In case of a business, tax audit would be required if the total sales turnover or gross receipts in the business exceeds Rs.1 crore in any previous year. Under the Income Tax Act, “Business” simply means any economic activity carried on for earning profits. Section 2(3) has defined the business as “any trade, commerce, manufacturing activity or any adventure or concern in the nature o...

CBDT extends due date for filing of Income Tax Returns & audit reports from 30th Sept, 2018 to 15th Oct, 2018 for all assessees liable to file ITRs for AY 2018-19 by 30.09.2018, after considering representations  from stakeholders. Liability to pay interest u/s. 234A of IT Act will remain.

Brilliant Definition of a *Bank* _A bank is a broker between the middle class and the rich. The only place where the two meet is in a bank. The middle class brings the money, through saving, and the rich takes it, through borrowing. A middle class person saves the money because they have more money than their thinking capacity. So they keep the money in the bank so they can go and think what to do with the money they saved._ *On the other side, the rich people come to pick th at money, through borrowing, because they have more ideas than the money they have. On a practical side, please show me one billionaire who got rich through saving and I will show you a million Indians who have money saved in the banks and are still renting the houses that the Millionaires and billionaires build through the middle class people savings which the rich borrowed from a bank.* ```This one  👆 got me thinking.```

*What happened in the financial debt market leading to a huge sell-off and panic in the Stock Market on September 21?* A debt fund of DSP Mutual Fund named DSP CREDIT RISK FUND was holding IL&FS commercial Paper (CP). This paper were rated AAA. But last week IL&FS made an interest default hence its rating went down to D. Redemption pressure came to this fund. Hence DSP MF sold AAA rated 9.1% paper of DHFL as they needed big fund and hence this quality paper was sold at a steep discount to meet the redemptions. Fine...this was debt market operations but its repercussion were seen in DHFL stock... thinking its paper was sold at steep discount... hence company must be in some trouble. This led to fear of all NBFCs specially HFC's will have big problem and it triggered sell off in all the NBFCs. Then followed by banks and YES Bank was already in bad news. Leading to overall sell-off and volatility. *Now Post this NBFC Sell Off What is expected ahead ?* (1) D...

Highly Susceptible Market Spooked by Fears - Week ending September 23rd Markets during the week had a very volatile period shaking even the strongest bulls on the street. The panic selling based on some news or eventsare, historically speaking, good buying opportunities. No fundamentals had changed either for Yes Bank or for housing finance companies such as DHFL for such 50% moves which occurred just on the basis of street expectations which are often irrational in the short-term because they are based on herd mentality. But such irrationality offers good buying opportunity of quality companies as the so-called fear is hypothetical and hence won't last for long. And once the fear subsides the stocks will rebound. As Warren Buffett had quoted “The best thing that happens to us is when a great company gets into temporary trouble. We want to buy them when they're on the operating table." Another such incident occurred this week! The regulator's mandate to cut AMC fee...

*Why are NBFCs selling off?*:  (1) There is news that DHFL bond has sold for a high implied yield to maturity of ~11%.  (2) This has made stock investors of DHFL worried about DHFL's liqudity and sold off the stock.  (3) Other HFCs have sold off in sympathy with DHFL. Other non-HFC NBFCs have joined in the sell off.  (4) DHFL management has confirmed on air that they have not faulted and there is no liquidity crisis at DHFL.  (5) It is possible that the entity which sold DHFL paper did so because it was not satisfied with this exposure and wanted to sell anything of slightly questionable creditworthiness. *This is an example of risk aversion after the unfolding of the IL&FS saga even though entities being sold off have no direct exposure to IL&FS.* (6) DHFL and IBHF have both confirmed on air they do not have any exposure to IL&FS.

What is market ? A young just out of college graduate, asked me books about technical analysis and I gave him all, the books, e-books, PDF, printout all what I had collected during my journey. 3 months on, the Guy is back, I want more books more information. I said that's what I have, however there is Google for more information. Again after about 2 months, he was back full of excitement and energy, telling me I know all, it's was easy, why do people spend on such simple things. I am now ready for trading now. I just smiled at him and wished him Good luck. 3 months on, the Guy came back all frowned up, angry and upset. I asked him what happened. He said its all cheating in market. I asked how. He said initially I started making money which was so easy to make, then all of sudden, the market just turned against me for no reason and I lost out. I again tried, but it kept on taking away my money, this is so not fair. He went on and on telling me what he did, and how...

How to identify value stocks. Four most powerful tools that Warren Buffett uses to identify value stocks. If you understand them all then you can easily pick value stocks for wealth creation. Suppose you are sitting in a beer bar with some of your friends. While drinking the beer you got idea to start your business. The business of printing T-shirts. It requires ₹1,000 to open and start that business but you have only ₹250. You convinced one of your friends sitting with you and he is agree to pay you remaining ₹750. Now you have ₹250 as equity ( Investor’s original money invested) and ₹750 is your debt that you have to pay back. You started your business and in very first year your company has generated Revenue = ₹200 Expenses = ₹80 Operating Profit or EBIT = ₹200- ₹80 = ₹120 Net Profit (After deduction of TAX and Interest say 20rs. )=  ₹100 Now some of the important terms are as follows: Equity or Shareholder’s equity : ₹250 Debt or Total liability : ₹750 Total Asset...