Sensex goes higher 399 points to close at 37,419

BSE

it has been a succession of good days for the Indian markets as Equity indices finished higher for the fourth session straight on Monday. The benchmark being BSE Sensex rising almost 400 points which were led by gains in the IT and financial stocks.  BSE Sensex and BSE Nifty Sensex closed on 399 points or 1.08 per cent higher at 37,419. On the other hand, the broader NSE Nifty soared 120 points or 1.11 per cent to finally close at 11,022.  The top players in this surge include key companies…

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New EPF Rule: Changes In In-Hand Salaries And CTCs From May 2020

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Highlights: The Central Government update the EPF rules for 3 months starting May 2020 The Statutory rate of contribution has been dropped from 12% to 10% for both, the employees and the employers The Central Government has changed the Employees’ Provident Fund (EPF) rules for a total of three months starting from May which will result in an increased in the in-hand salary without a change in the total CTC (Cost To Company). This step was taken to ease up the liquidity pressure on both, employees and employers. The government…

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SBI credit card users Alert!: Know this amazing offer to get cashback on education fee payment

SBI Savings Account

Amazing news for State Bank of India (SBI) account holders. Customers of can now enjoy cashback on payment of education fees through Paytm. The company – SBI Cards and Payment Services Limited (SBICPSL) which operates its credit card services under the brand ‘SBI Card’ is offering a cashback of 2.5 percent on a minimum spend of Rs 12500. The offer can be found on the company’s website and official Twitter handle. “Offer alert! Pay education fees with your SBI credit card through Paytm and get 2.5% cashback on a minimum spend…

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PM Kisan Samman Nidhi: 8.19 cr. farmers got 1st installment of Rs 2,000. If you didn’t get it, do this.

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Finance Minister Nirmala Sitharaman said in the fifth and final phase related to the economic package of 20 lakh crore rupees that as of May 6, the beneficiaries of 8.19 crore PM Kisan Samman Nidhi Yojana have got an installment of Rs 2,000 under the Pradhan Mantri Garib Kalyan Yojana. After the launch of the scheme, 5 installments of Rs 2,000 have been sent to the farmers so far. Its sixth installment is also coming soon. If the amount of PM farmer has not come in your account then you can still get…

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Fourth major investment in Jio platforms in four weeks, General Atlantic bought stake

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General Atlantic has invested Rs 6,598.38 crore in RIL’s Reliance Jio Platforms. This is the fourth major investment in Jio platforms in four weeks. It is also General Atlantic’s largest investment in Asia. After Facebook, Silver Lake and Vista Equity, General Atlantic has now invested Rs 6,598.38 crore in RIL’s Reliance Jio Platforms. This is the fourth major investment in Jio platforms in four weeks. It is also General Atlantic’s largest investment in Asia. The investment is equivalent to 1.34 per cent stake in RIL. This investment is equivalent to Rs 4.91 lakh…

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New on the banks of Ganga! Herbal Medicine Corridor to generate Rs. 5000-crore income for farmers

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The Finance Minister had said that the government is planning to spend Rs 3.16 lakh crore for families of migrant workers. Finance Minister Nirmala Sitharaman today announced the third tranche of Rs 20 lakh crore Coronavirus relief package announced by the Prime Minister Narendra Modi in his address to the nation on May 12. She has announced an assistance of Rs 4,000 crore for the promotion of herbal cultivation in the country. The government has decided to cover 10 lakh hectares in the next two years with a fresh set of investments.…

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Corona virus: America begins withdrawing investment from China, decides to cancel billions of dollars of pension funds

Tump

The US has withdrawn its pension fund (US PENSION FUND) from China. This pension fund is said to be worth billions of dollars. This has been confirmed by President Donald Trump himself US has decided to withdraw billions of dollars of pension funds from China President Donald Trump has confirmed this with China invading Corona virus US-China relations going through bad phase amid Corona virus crisis So far, more than 80 thousand lives have been lost due to Corona virus in America. The way Washington attacked China with the Corona virus raised…

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Great baby loan for small business, the government is giving a 2% discount on interest!

Bank ATM

In the midst of the Corona crisis, the central government has announced a rebate on the interest rate of Shishu Loan to rebuild small businesses or start new businesses. The Shishu Loan Scheme is part of the Modi government’s ambitious Mudra Yojana. If you have taken a baby loan from the bank and are thinking of taking it then you will benefit from the new announcement of the Modi government. Loans up to 50 thousand rupees are available under Shishu Loan. Its purpose is to help those doing business on…

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New Maruti Suzuki Dzire Discounts Up To 48 Thousand Rupees

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The Maruti Suzuki Dzire facelift was launched shortly before the lockdown was introduced in the country. The updated car has been launched in the market with a new engine and fresh styling. After the relaxation of the New Delhi lockdown rules, dealerships of car companies have started opening in the country. Now the companies are looking at speeding up sales, for which they are making many offers. Maruti Suzuki is offering up to 48 thousand rupees on the new model of its popular sub-compact sedan Dzire. The Maruti Dzire facelift was launched shortly before the lockdown came…

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Top 5 announcements on EPF and income tax made by FM Nirmala Sitharaman

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To deal with the COVID-19 pandemic Indian government has announced an Rs.20-lakh-crore economic stimulus package. This is designed after consulting with many stakeholders and is aimed to mitigate the impact of COVID-19 on the current economy of the nation. Top 5 announcements on EPF and income tax Taking ahead PM Modi’s vision of a “self-reliant India”, the honorable Finance Minister Nirmala Sitharaman made a series of important announcements with regards to personal finances measure to boost the economy. Here are the top five important announcements you should know: The deadline…

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