According to the World Bank Group, India retains its place as the fastest-growing emerging economies. While India already has the world’s biggest rural population at 857 million people, this is expected to reduce significantly. By 2050, almost 50% of India’s overall population will be living in urban areas. This is mainly due to the expansion
The SIP industry crossed the five-crore mark in January despite market volatility. Despite a pullback in the investor flow received by equity schemes, the MF industry witnessed 26 lakh new SIPs opened in January. In the past five months, 24 lakh SIPs added in the MF industry indicated the importance of SIPs to investors. Are
Based on how unstable the economy can be at times, investing in gold can be seen as a very intelligent investment idea. This is because not many asset classes can offer the kind of stability that this precious metal offers. For as long as time, gold has been considered a safe haven investment. This means
The Indian Crypto Industry seeks a revision on the 30% tax rate from the government. The 2022 Union budget announced a 30% tax imposition on cryptocurrency. The Blockchain and Crypto Assets Council drafted a memorandum that will consider the several implications of the new tax rule. The memorandum will also monitor the impact of the
As the stock markets turn somersaults and throw people’s investment portfolios into complete disarray, one asset class continues to be reliable and predictable. Real estate, especially residential real estate, remains the steadiest investment. This is why the performance of Indian housing market remains the most reliable barometer of the country’s economy. One may ask how
Mumbai, 7 February 2022: Vertical growth, one of the most defining characteristics of Indian urbanization in over a decade, has become Indian real estate’s latest Covid-19 ‘casualty’. Latest ANAROCK research reveals that among new projects launched since 2019, the share of high-rises had shrunk to 52% in 2021 against 63% in the pre-Covid year. Of
China’s property developers face a hard time accessing U.S. bond markets. Annalisa Di Chiara, a senior VP at Moody’s, informed CNBC, “Squawk Box Asia” on Monday, “We are seeing the trend of China property turmoil continuing to dampen enthusiasm for some high-yield issuance.” Furthermore, she added that China’s property developers have nearly $35 billion worth
After the Lunar New Year holidays, Mainland China markets rose. On Monday, the markets reopened, as Asia-Pacific shares were mixed, while investors continuously monitored the Ukraine situation. Stock market after the Lunar New Year The Monday stock market saw the Shanghai composite soar 2.03% and close at 3,429.58. Furthermore, the Shenzhen component rose 0.965% to
The Taihuttus ‘Bitcoin Family’ sets its roots in Portugal for its 0% tax on cryptocurrency. Portugal is known to be Europe’s ultimate crypto tax haven. The so-called ‘Bitcoin Family’ patriarch chose Portugal for favourable crypto tax rules. Didi Taihuttu said, “You don’t pay any capital gains tax or anything else in Portugal on cryptocurrency. That’s
According to MSME Minister Narayan Rane, the SRI fund will benefit 5,000 MSMEs. In May 2020, Finance Minister Nirmala Sitharaman announced it would make equity investments in MSMEs growth once the fund is operational. Furthermore, the SRI fund Fund will operate under the mother-fund and daughter-fund structure. It will also be listed on stock markets
