- 02, Dec 2020
What are the tax implications, restrictions on withdrawals from NPS Tier II?
Divakar Vijayasarathy, Founder and Managing Partner, DVS Advisors LLP, replies: There are two components to take into account, the full value of consideration and cost of acquisition. If the property...
- 04, Dec 2020
Banks not to distribute any dividend from FY20 profits: RBI
Analysts believe this is a positive step fo banks, and will provide them more capital for lending. "The critical thing to notice is that RBI has indicated that dividends would...
- 04, Dec 2020
RBI did prioritise growth in money policy, but it’s not enough: Analysts
Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP The critical thing to notice is that RBI has indicated that dividends would not be distributed by commercial banks, which would...
- 04, Dec 2020
Cayman Islands beats Mauritius! FDI into India surges to $2.1 billion
"The lower cost of operations and lower compliance requirements makes Cayman Islands more attractive. There has been dip in FDI inflows from Mauritius & Singapore and Cayman Islands with lower...
- 27, Nov 2020
India plunges into technical recession as GDP contracts 7.5 per cent in July-Sept quarter
The growth in manufacturing, though very nominal, is something to cheer for. The real test would be in Q4 when the festive season gets to closure and sustaining the demand...
- 27, Nov 2020
Q2 GDP Highlights: India’s economy shrinks 7.5% in Q2, falls into recession; manufacturing sees recovery
The dip in private consumption by 11.5% indicates that the demand is still far from normal and that the supportive measures from the government should continue. The concern is that...
- 27, Nov 2020
India Q2 GDP data: Economy claws back some lost ground, contracts 7.5%
"The GDP numbers are better in Q2 when compared with Q1, thanks to easing of lockdowns. From -23% in Q1 to -7.5% in Q2 is definitely recovery and more importantly...
- 27, Nov 2020
Withdrawn money from EPF account? You need to report it in your IT returns
“In case of recognised provident fund (RPF), the withdrawal is exempt if the employee has completed five years of continuous service. In case of less than five years, the withdrawal...
- 25, Nov 2020
Cabinet approves equity infusion of ₹6,000 crore into NIIF
"This is a move to tap the debt market, the potential of which has not yet been optimally utilised. Total funding to the tune of Rs. 1.1 lakh crore would...
- 25, Nov 2020
No cap on withdrawal after Lakshmi Vilas Bank’s merger with DBS Bank, says centre
"Any case for loss of depositor's savings could lead to bank runs and erosion of confidence across the banking system, therefore this move was necessitated in the larger interest of...