Gold is often viewed as a safe haven by the majority of investors, providing a sense of security that their investment is protected in a dependable asset. Over the last two years and even the last 25 years, gold has shown superior performance compared to equities on a global scale. In a recent analysis, Nithin … Read more
SEBI chief Tuhin Kanta Pandey on Saturday signalled that taxation policies for the capital market are unlikely to be changed while underlining that there is certainty on taxation at present. “If some certainties have already come in terms of taxation, let’s not unsettle it. I think the point is we have to live with what the … Read more
When evaluating retirement or other long-term goals through systematic investment plans (SIPs) in equity-oriented mutual funds. It is a common practice to project a 12% annualised return when considering these investments. This projection is derived from the past performance of equity mutual funds in India, which have consistently generated annualised returns of 12% or more … Read more
In the past 25 years, gold prices have delivered an annualized return of 12.55%, outperforming the 10.73% return of the Indian stock market benchmark index Sensex. While there is ongoing discussion about whether to invest in stocks or gold given the current market conditions, numerous experts recommend including gold in the portfolio. Gold prices have … Read more
Former President Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an IRS inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story, glass-sheathed skyscraper along … Read more
The EU struck a deal on Tuesday to implement internationally-agreed banking reforms intended to avert a repeat of the 2008 financial crisis. The European Commission first proposed the banking law in October 2021 but there has been a greater focus on banks following the collapse of lenders in the United States triggered market turbulence earlier … Read more
“See whatever is happening elsewhere in the world right now the good part is that there is no economic impact or there is very minor or almost negligible economic impact happening on India as an economy,” says Vikas Khemani, Carnelian Capital Advisors. A lot of parallels have been drawn that this is not like 2008 … Read more
The Centre is planning to double the loan amount for street vendors under Pradhan Mantri Street Vendor’s Atma Nirbhar Nidhi scheme, a major outreach to the largely-migrant beneficiary segment. Under the PM-SVANidhi, a special micro credit facility introduced for street vendors in July 2020 amid the first lockdown after the Covid-19 outbreak, loans are offered … Read more
Sri Lankan Finance Minister Ali Sabry resigned Tuesday just a day after he was appointed to the post by President Gotabaya Rajapaksa, as the island nation suffers a crippling economic crisis. “Whilst I regret the inconvenience caused, I believe I have always acted in the best interests of the country,” a statement from Sabry said, … Read more
UBS and Credit Suisse have made further progress in how they would stabilise and restructure themselves in a financial crisis, Swiss financial watchdog FINMA said on Thursday. Big Swiss banks must demonstrate how they would right themselves in the event of an emergency, or how they can be restructured or liquidated without obstacles while maintaining … Read more