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Before we start understanding why gold prices are rising let’s have a quick look at the facts about the Gold in India, -India in the past had the glory of being called GOLDEN BIRD (Sone ki Chiddiya) -Rate of gold at the time of Independence Year 1949 and as on Year 2020 Year Rate/10Gms (in […]
What is Sovereign Gold Bond Scheme and Why Sovereign Gold Bonds should be preferred over Physical Gold and Gold ETFs? Gold has marched ahead of all other assets over the past 1/3/5-year timeframe in terms of investment returns. The Gold ETFs has given 47.79% in last one year as on 05th May’2020. Financial Planners advise […]
We all are reading various media reports with catchy headlines like ‘Companies are moving out china and India will be seizing this opportunity.’ Or ‘200+US companies are seeking to move manufacturing out of China’. And it makes us happy that India will be the ultimate beneficiary of this covid19 pandemic.
Amidst the prevailing holocaust caused by the devastating effect of the Corona Virus spread globally, yet another impending threat of recession is looming large over the entire world affecting the world economy which if not treated effectively is going to impact the lives of the people. The world has faced the problems of recession from […]
When I am writing this article India has approx. 38,000 cases out of which 10,000 recovered. India has also conducted 9.76 Lakhs test as of now i.e. 708 per 1 million population. Migrant workers are moving to their hometowns and some of them have tested positive for Covid-19 in various states.
Introduction In this article I have tried to explain the impact of Covid-19 on Crude Oil, Inflation and Dollar Rate on Indian Economy in layman language and the correlation between them. History about Indian Rupees Indian Currency was never measured against dollar at the time of Independence. It was measured against Pound and only after […]
Public Provident Fund (Amendment) Scheme, 2020- The deposits made in the account between 12th December, 2019 to 31 st March, 2020 (both days inclusive) and the balances at the credit of the account shall bear interest at the rate of 7.9 per cent. per annum. Lowest balance at the credit of an account between the close of the fifth day and the end of the month shall be eligible for interest.
National Savings Time Deposit (Amendment) Scheme, 2020- The rate of interest as specified in the table below shall be applicable to the deposits made on or after the 1st day of April, 2020 under the Scheme
Sukanya Samriddhi Account (Amendment) Scheme, 2020- The deposits made in the account between 12th December, 2019 to 31st March, 2020 (both days inclusive) and the balances at the credit of the account shall earn interest at the rate of 8.4 per cent. per annum. The deposits made in the account on or after the 1st day of April, 2020 and the balances at the credit of the account shall earn interest at the rate of 7.6 per cent. per annum.
Senior Citizens’ Savings (Amendment) Scheme, 2020- The deposit made under this Scheme between 12th December, 2019 to 31st March, 2020 (both days inclusive) shall bear interest at the rate of 8.6 per cent per annum. The deposit made under this Scheme on or after the 1st day of April, 2020 shall bear interest at the rate of 7.4 per cent. per annum.
