The process of putting money in real estate or buying gold requires neither home-work nor support of a consultant. but a broker/agent/jeweller For insurance products, there are 2-3 million agents who keep selling. But when an investor wants to buy equities or mutual fund units, he needs to apply his mind or seek the assistance of a SEBI certified portfolio manager or investment advisor. because it is a matter of deciding by self. by which return is not sure. ...
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The rejoining of the EPF exited members indicated that workers were returning to their jobs as India recorded a decline in active Covid-19 cases. In October, there was a steep rise in EPF members, showing that the job market began to pick up. The provisional payroll data of EPFO released on 20th December 2020 reveals that EPFO has added over 1.15 million net subscribers in October 2020. Despite the pandemic-induced lockdown, EPFO has added over 3.93 million subscribers already during the current financial year. The number comprises members who have joined during the month and whose contribution has been received by EPFO for the wage month. By year-on-year comparison, October 2020 registered 56% growth in terms of net payroll. The net subscriber growth in October 2019 was 7.39 la...
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The funding will support the State's objectives of improving the contribution of tourism to the local economy and support the development of integrated tourism infrastructure plans. It is expected that after 2030, the revenue surplus generated would be adequate to finance future capital investment and also take the burden of debt service ratio of the capital already invested. The Asian Development Bank (ADB) and the Government of India have signed a $4.21 million project readiness financing (PRF) facility for the preparation of infrastructure development projects to improve urban amenities and develop tourism infrastructure in the northeastern state of Tripura. This is ADB's first PRF facility for a state in the northeastern region of India, The signatories to the PRF for Tripura U...
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Sagar Menon and Neelika Chakrabarti A social venture with a vision for youngsters’ empowerment by enabling them to fight their frustration is known for its innovative approach that is a psyche reengineering business. Citta, a social venture, was recently awarded the Innovative Startup Award 2020 which was organized by IET Mumbai to recognize the innovators that have allowed society to rise from this pandemic. IET is a 150-year-old global organization that shares knowledge that helps make better sense of the world in order to solve the challenges that matter. Citta primarily aims at increasing the accessibility of mental healthcare for Indian students through increased awareness and providing subsidized therapy. Deploying the talent resources of mental health professionals, i...
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It is the nature of the market to be volatile. But it should not be volatile in your nature me while taking investment we decisions, advises P R DILIP, Founder, Impetus Arthasutra, a SEBI-registered Portfolio Manager in an interview with ECOSTAR BUSINESS. Equity an opportunity to be a partial business owner passively Equity means equal ownership. Along with equal ownership, there is an equal responsibility too which is a responsibility of understanding which company an investor is investing in and what business the proposed company is into. It is not up to the capability of an average investor to understand the growth potential or the risk involved in a company, where he is tempted to invest unless a proper evaluation of the business and people behind running it are done. If an inve...
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The Railway may not require Central budget support once the National Rail Plan is implemented. Indian Railways has come up with a Draft National Rail Plan to address the inadequacies of capacity constraints and improve its modal share in the total freight ecosystem of India. The National Rail Plan is a long term strategic plan. which aims at infrastructural capacity enhancement along with strategies to increase the modal share of the railways. The Plan will be a common platform for future infrastructural. business and financial planning of the Railways. The Railways aims to finalize the plan soon. The Plan has many objectives. The most important is to create capacity ahead of demand by 2030, which in turn would cater to growth in demand right up to 2050 and also increase the modal s...
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Kunal Dubey Lucky Saini Kunal Dubey will Head the company's Marketing and Lucky Saini to Head the Brand. Both of them have been working together in the industry for seven years. Vedantu, a pioneer in online tutoring. has announced two senior appointments in its marketing team. Kunal Dubey will Head the company's Marketing and Lucky Saini to head the Brand. Both of them have been working together in the industry for seven years. They will spearhead marketing efforts to position Vedantu as the most preferred EdTech brand. The marketing and brand team will support Vedantu's growth strategy. Based in Bengaluru, Kunal and Lucky will report to the company's Chief Operating Officer, Arvind Singhal. “Kunal and Lucky's diverse experience in the internet, startup and...
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By Ankush Kaul, President (Sales and Marketing) of Ambience Group The latest MPC review comes on expected lines. As expected, the repo rate and the reverse repo rates remained unchanged while maintaining an accommodative stance. But the market still has several concerns, particularly high inflation and overall economic distress. With the government planning a robust economic recovery, the real estate market is dependent on a lowered interest rate scenario. Thankfully, the demand for housing is already on the rise. This should compensate for the latest review. Going forward, the market is bound to revive based on current positive consumer sentiment. ...
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Ram Kewalramani (Co-founder & Managing DirectorCredAble) A mid unprecedented times where COVID- 19 economically affected the entire world, the budget was expected to focus more on the financial backbone that kept the cash. flow for aligned sectors and those in need. Although the major focus being healthcare, infrastructure, and agriculture, the financial institutions could have got a cushion from the government. Looking at the fiscal deficit for 2020-21, which is approx. nine range, the government now needs to find the means to execute the emphasized projects, with ease. The budget missed out on the supply chain enterprise that keeps the consumption drive intact. Cash requirements for the short run. especially for small as well as large business houses remain untouched. Besides, th...
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Dr. Sashikala Panickar (PHD in Polymer Science from IIT Mumbai) The world lost its battle to the virus, an invisible particle. It has changed human behavior, the way people do business and the way the people live, writes Dr. Sashikala Panickar, Founder and Chairperson, Sachin Specialty Chemicals Pvt. Ltd. The calendar 2020, that has now turned out, began with news of unusual pneumonia caused by a viral infection. The case was first reported in the wet market of Wuhan, in the Hubei province of China. At that time, I never thought the case was worthy of a news- paper report. But inside pages of news- papers used to carry small reports of the virus, which was called severe acute respiratory syndrome coronavirus, which became infamous by the name Covid-19. Gradually, the size of...
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