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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Nirmala Sitharaman speaks about a special meeting to be held in July to discuss State compensation.

Nirmala Sitharaman

There is no denying the fact that these are uncertain times and the government is feeling the heat as the national economy takes a dramatic hit. To palliate the blow faced by the economy, Nirmala Sitharaman, Union Finance Minister said on Friday that there will be a meeting held next month. The agenda of this meeting is to mainly discuss the compensation to states.  Sitharaman said that the Goods and Services Tax (GST) council will discuss borrowing to compensate states and ideally who will pay it back.  The minister said,…

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

new-epf-announcement-nirmala

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

new-epf-announcement-nirmala

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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New Income Tax rules for FY 2020-21 wef April 2020

New Income Tax rules

On February 1st the Finance Minister Ms. Nirmala Sitharaman had introduced certain changes in Income Tax rules, which will come into effect from 1st April 2020. The new financial year has started from April 1st. In Financial Year 2020-21 taxpayers will have an option to choose from the two tax slabs declared by the Finance Minister. One may opt for the old tax slab or choose to switch to the new tax slab. The new tax regime appears to be heavily loaded for investors in higher tax brackets and may…

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The impact of Financial stress on your health

With the fluctuating economy and rising inflation, sustenance is becoming increasingly difficult with time. Finances or lack thereof, can bring about a lot of strain and stress on your overall well- being. This has an adverse effect on your health. While most people believe that the impact of financial stress is momentary and shall fade away with time, you may also see some more serious and lasting impacts on your health. Recognizing and accepting that the problem exists is the first step to reversing its impact. Insomnia and Appetite loss…

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