NPCI chief says basic UPI services will remain free
The basic services of UPI will continue to remain free. Work is on with the government for incentives,” he told reporters. “But the value-added services of UPI, where the ecosystem needs some incentives to drive the adoption – whether it is mandate and credit – that’s how the benefits will be accrued and the larger […]
India-Russia trade volume touches 38.4 billion USD in 2022
This significant increase in trade turnover between Russia and India was noted during Igor Sechin, Chief Executive Officer of Rosneft Oil Company, working trip to New Delhi this week. Thus, the goal set by the leaders of our countries to increase turnover to $30 billion by 2025 has been achieved in advance,” said the head […]
Current savings, investment rates can’t propel GDP to 8% growth orbit: Report
Higher investments will have to be accompanied by higher domestic savings to keep the savings-investments gap under check. The big missing link now is the government’s focus on stepped-up capital expenditure on infrastructure, but not enough commensurate steps to encourage savings, the report noted.
Accelerated implementation of reforms to accelerate India’s growth: World Bank
The report titled ‘Falling Long-Term Growth Prospects: Trends, Expectations, and Policies’ said the global economy’s ‘speed limit’ — the maximum rate of long-term growth without causing inflation — is set to decline to its lowest point in three decades by 2030.
Ahead of Market: 10 things that will decide stock action on Friday
U.S. stock index futures rose on Thursday as easing fears of a banking crisis shifted the focus back to key consumer spending data due later in the week that could shape expectations for the Federal Reserve’s future policy path. At 5:03 a.m. ET, Dow e-minis were up 145 points, or 0.44%, S&P 500 e-minis were […]
Tax sops removal may prompt MFs to make fund-of-funds, international funds cost competitive
According to the new rules that come into effect from April 1, mutual funds with less than 35% investment in equities will be taxed short-term capital gains (STCG) based on income tax slab levels, similar to how bank fixed deposits are taxed.
13 years of outperformance! This Rs 1400 cr money manager reveals his 3-step approach
The future looks bright for both PMS and MF because financialisation of the savings has already started. Equity as a culture is improving and as the per capita income, affordability, and awareness increases for PMS, the size is going to probably become 2x, 3x, 4x, 5x, 10x over a period of time, says Rajesh Kothari, […]
Top 5 Nifty PSU Bank stocks surge 60-110% in FY23
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Learn with ETMarkets: Planning to start your journey into options trading? Here’s a quick guide
In stock markets, we can pay a small premium and protect ourselves from losses in our portfolio, and hence options are also called as insurance of stocks. Since market moves both up and down, we need to have insurance for both Bulls and Bears and hence we have 2 types of Options.
Consumer sentiments jump by record 6.7% in March: CMIE
According to CMIE, the Index of Consumer Sentiments (ICS) usually moves by a little less than 1% in a week. In the past 60 weeks, the average weekly increase in the ICS was 0.86% and the median was 0.93% while in the past year, the ICS increased by more than 6.7% only twice.