In a big revelation, TS Krishnamurthy, the SEBI-appointed observer to monitor the e-voting conducted by Franklin Templeton Mutual Fund (FTMF) has pointed out grey areas in the e-voting process.
Kalpen Parekh, President at DSP Mutual Fund, said the choice of passive funds is more institutional in nature.
The Indian "middle class" can be broken down into three categories– the "aspirational middle-class", the "affluent middle class", and the "middle-middle class".
Central Banks all around the world had been issuing their own cryptocurrencies — some of them declared them to be legal tender and the rest took a wait-and-see approach.
The monetary penalty has been imposed on the bank for non-compliance with certain directions contained in the 'Reserve Bank of India (Frauds - Classification and Reporting by commercial banks and select FIs) Directions 2016'.
The courtroom drama over shutting down six of Franklin Templeton’s local Indian mutual funds will soon come to an end, but the denouement shines an unkind light on how the country is running its capital markets.
Under the new labour laws, the definition of wages is standardised. This will impact on how gratuity and EPF will be calculated and lead to hike in amount and individual is eligible to receive.
“The slowdown in spending by Indian households (HH) through the lockdowns has resulted in US$200bn 'extra' net savings in financial assets-and as a percentage of GDP closet of the peak seen post-GFC (and still growing),” UBS financial savings and wealth tracker research data showed.
Such extra premiums would be anywhere between Rs 100 and Rs 750 for two-wheelers, and for four-wheelers and commercial vehicles, it would be in the range of Rs 300 to Rs 1,500, according to the insurance regulator.
Professionals and non-salaried individuals looking to build a retirement kitty with equity exposure can consider partial allocation to the new fund offer of SBI Retirement Benefit Fund through systematic investment plans (SIPs).
“We are considering such a structure as the Centre believes in retail participation in the government bond market. The proposed instrument is also expected to increase liquidity in sovereign debt,” said a senior government source.
Jim Rogers said despite the adverse talk about bullion as an investment option, gold and silver continue to be attractive options and one should accumulate them on dips.
“Under this partnership, IIFL Home Finance Ltd and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance Ltd will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing,” said Nirmal Jain, Chairman, IIFL Finance.