A recent report by Edelweiss Mutual Fund has projected that equities are likely to outperform gold over the next three years. The report highlights that while gold has traditionally been seen as a safe-haven asset during periods of economic uncertainty, equities are expected to thrive amidst the backdrop of economic growth. Such conditions make equities … Read more
This week, the Union Cabinet may take a final call on the Dearness Allowance (DA) hike this week. If approved, the new DA will come into effect retrospectively from January 2025, which means the employees will get an increase in their salary for March and also receive two months’ arrears. According to recent news reports, … Read more
“PM Modi has spoken about his government’s firm resolve towards the goal of Viksit Bharat 2047. In his latest US visit, he has re-iterated this vision which roughly translates as ‘Make India Great Again’ (MIGA),” says Dr. Poonam Tandon, Chief Investment Officer – IndiaFirst Life InsuranceIn an interview with ETMarkets, Tandon said: “This is in … Read more
Retiring early at 45 or 50 may sound ideal, but financial expert Gurmeet Chadha, CIO at Complete Circle, warns that most people underestimate the financial risks. “With life expectancy increasing, u will have to depend on your portfolio for 30 years plus n keep catching up with inflation,” he cautioned in a post on X. … Read more
The recent downturn in equity benchmarks has had a significant impact on the annual returns of equity investments in the National Pension System (NPS), which have now decreased to 10.89% as of February 1, based on the latest data from the Pension Fund Regulatory and Development Authority (PFRDA). The decline in benchmarks by over 10% … Read more
The dollar firmed on Monday after U.S. President Donald Trump said he was set to impose new 25% tariffs on all steel and aluminium imports, putting pressure on the euro and the commodity-focused Australian and New Zealand dollars. Trump also said he will announce reciprocal tariffs on Tuesday or Wednesday, applying them to all countries … Read more
Dinesh Kumar Khara, Former Chairman, SBI, says where banks have primarily adopted the repo rate as their external benchmark, there will be the quickest transmission of changes. However, they may not be able to adjust their deposit rates immediately, as such adjustments typically occur with a delay. In contrast, if the loan portfolio is linked … Read more
Finance Minister Nirmala Sitharaman in her Budget speech 2025 has proposed to increase the foreign direct investment (FDI) limit in the insurance sector from 74% to 100%, a move expected to bring more players into the market and drive innovation. “With 100% FDI now allowed in insurance, India could be on the path to having … Read more
Budget 2025: Union Finance Minister Nirmala Sitharaman is scheduled to deliver her eighth Union Budget on February 1, 2025. Throughout her tenure, FM Sitharaman has implemented significant reforms in a bid to benefit taxpayers, corporate entities, farmers, and other sectors. The forthcoming Union Budget is expected to introduce measures to boost dwindling economic growth and … Read more
Union Budget 2025: Amid the calls for tax relief to common taxpayers by relaxing the tax slabs in the upcoming Budget, finance analyst and Wisdom Hatch founder Akshat Shrivastava stated that the government should consider offering significant tax relief to middle-class taxpayers to boost the economy. Highlighting the current world situation vis-a-vis India, Shrivastava noted … Read more