Budget 2020

MFs turn net buyers, invest Rs 2,476 crore in equities in March

NEW DELHI: Mutual funds invested Rs 2,476 crore in equities in March, making it the first such infusion in 10 months, as consolidation in the market provided investment opportunities to fund managers. Kaushlendra Singh Sengar, founder and CEO of INVEST19, said mutual funds (MFs) inflow in equities will be stagnant in near future. Prior to […]

Budget 2020

GST mop-up hits a record in March

The indirect tax collections were 27% higher than that in March 2020. The gross GST collections in March hit a record of ₹1,23,902 crore, the Union Finance Ministry said on Thursday. This is the sixth month in a row that GST revenues have remained above ₹1 lakh crore. “The GST collections for March have created […]

Budget 2020

How gold, silver and platinum performed during the week ending March 25, 2021

The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different. Gold (995) (Rs) Gold reversed its weakness and remained flat during the past week because of a […]

Budget 2020

How gold, silver and platinum performed during the week ending March 17, 2021

The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different. Gold (995) (Rs) Though strengthening of the US dollar and bond yields pressurised gold, it ended the […]

Budget 2020

How gold, silver and platinum performed during the week ending March 10, 2021

The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different. Gold (995) (Rs) Broader commodity rally is raising inflation risk and the fear of early rate hikes […]

Budget 2020

How gold, silver and platinum performed during the week ending March 04, 2021

The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different. Gold (995) (Rs) Bullion price correction continued and gold prices fell by 3% during the past week. […]

Budget 2020

Bank holidays in March 2021

In the month of March 2021, banks across few states will be shut on two days – March 11 due to Mahashivratri (Thursday), and March 29 due to Holi (Monday). Other than this, banks will be closed on the second and fourth Saturdays and on Sundays. Check the full list here. Type of bank holidays […]

Budget 2020

NRIs, Foreign nationals stranded in India to submit details of double taxation by March 31

The Central Board of Direct taxes (CBDT) has received various representations requesting for relaxation in determination of residential status for 2020-21 fiscal year. The Finance Ministry on Wednesday said NRIs and foreign nationals stuck in India due to COVID-19 pandemic and facing double taxation can submit the details to the income tax department by March […]