Contingency Planning for Business amid current Pandemic
Given the widespread outbreak of the coronavirus (COVID-19) around the world, radical actions are being taken by the governments and authorities. Country lockdown owing to this pandemic has caused widespread impacts on employment, supply chains, capital markets and more. It is now a necessity for the businesses to take actions. This is required to mitigate risks, tackle immediate priorities...
New Tax Regime Vs Old Tax Regime
In the Union Fiscal Budget 2020 unveiled by the FM, Nirmala Sitharaman announced a new and simplified income tax regime with revised income tax slabs and tax rates. This new tax system is optional to the taxpayers and it is not mandatory to opt for a new tax regime. To put it simply, the assessee can either choose the New Tax Regime or continue to follow the Old Tax Regime depending on what...
Why To Choose MF’s Over Pension Plans?
Retirement planning is absolutely necessary so that you have a corpus at hand when you retire and need funds to meet your lifestyle expenses. As you plan for your retirement you have to factor in many questions like, how will you streamline your debt? Or how will you arrange for your medical bills? Or probably other aspects like estate planning. As individuals, we want a comfortable and...
Debunking The Eight Common Myths About Investing In SIPs
After our last blog on Importance of continuing SIPs amid Covid 19, we have received some queries on SIPs and most of the concerns were actually turned out to be myths. So we have decided to debunk those myths in today’s post. After our last blog on Importance of continuing SIPs amid Covid 19, we have received some queries on SIPs and most of the concerns were actually turned out to be...
Choosing The Best Equity Mutual Funds
Sensex crashed about 30 per cent since 20th feb 2020, falling from 41,000 level to 28,000 level, owing to Yes Bank Crisis , the Coronavirus being declared as pandemic by WHO, decline in international crude oil price. The market has been very volatile since past 1.5 month. During these falling markets it’s suggested that you should be opting the Mutual Fund route to invest fresh money in...
RBI’s 3 month EMI Moratorium: 360 degree view
Governor Shaktikanta Das had announced a 3 months moratorium on retail loans during a monetary policy presser along with the massive rate cuts to give some relief to the borrowers in this global pandemic crisis. But immediately after this announcement, the borrowers were puzzled as to how will it impact their EMIs and what should they ideally do? In this article we will try to provide you...
Tax Saving opportunity Extended Till 30th June
On 24th March 2020, FM Nirmala Sitharaman extended few tax deadlines to 30th june 2020. One of the deadlines which was extended was to do tax saving investments for FY 2019-20 which now can be done by 30th june 2020 instead of 31st March 2020. This announcement will prove beneficial for those taxpayers who were unable to invest till date specifically because of coronavirus. The extension is...
Impact of a Rate Cut on Market and Fixed Income Plans
RBI Governor, Shaktikanta Das made certain announcements today, 27th March 2020, in his presser. Everyone was expecting a rate cut and the same was disclosed but what came as a surprise that the rate cut which happened made the key indicators at its lowest in our history. The key indicators post the much-awaited rate cut are at the following levels: IndicatorCurrent RateRate cutRepo...
Saving Or Investing? Are These Two Different?
I still remember my childhood days, when my mother would give me pocket money only if I did the house chores. She would tell me that half of it, I could spend, while the other half, was put into my piggy bank or should I say ‘KHAZANA’. Well, of course, now we have banks for that. Yes, those were the good old days. I think everyone knows how important it is to save and invest, given the...