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      Wholesale and Retail Inflation Rise, Industry Output Grows

      Friday, July 15th, 2016 Amritesh no responses

        WHOLESALE PRICE INDEX   Wholesale Price Index (WPI) for the month of June, 2016 rose steadily to 1.62% as compared to 0.79% in the previous month. Inflation is on the rise for past three months and it is the highest recorded in last 22 months. The rise is mainly attributed to steep rise in the food prices and manufactured products. However, the softer crude prices has shielded against steeper rise in inflation rates. The food inflation rose steeply to 8.18% as compared to 7.88% in the previous month. The fuel and power segment, inflation declined by (-)3.62% as compared to (-)6.14% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods…

      Brexit: Global Impact and Scope for Emerging Economies

      Saturday, June 25th, 2016 Amritesh no responses

        Brexit, a term associated with Britain’s referendum on whether to continue with European Union (EU) or part ways has been pronounced. Many had expected that Britain will vote in favor of sticking to European Union (EU) but sadly that has not happened. Global Markets reacted sharply to the news and there is a sense of uncertainty hovering around as one cannot be sure about the future implications of such a move. Pound fell to its lowest levels since 1985 and with even Euro is under pressure. Equities fell sharply as Global markets lost about $2.1 trillion in a single day trade after the verdict while interest in Precious metal like Gold and Silver rose as Investors considered it a…

      Kushal Tradelink Equity: Potential Investment Option for Retail Investors

      Monday, April 11th, 2016 Amritesh one response

      Investing in Stock Market in never an easy thing to do as you have so many stocks across sectors and it is very difficult to ascertain as to how the stock will perform over a period of time. Today I will review Kushal Tradelink, a BSE Small Cap Stock which seems to be an interesting pick and Individuals may have a serious look at it as it has been doing really well over the past few months and the fundamentals also look very promising. Thereby, Retail investors may look to invest in the stock and make decent returns.The company is currently listed in BSE Index and is in process to be listed in NSE very soon.In this post, I will…

      Small Savings Schemes Rates Unchanged for Last Quarter (January-March) Of Financial Year 2016-17: Interest Rates Unchanged

      Monday, March 21st, 2016 Amritesh no responses

      Government has revised the interest rates on popular Small Savings Schemes toeing in line with the decision taken last month (February,’16) to review the interest rates on quarterly basis (instead of annual cycle) from the new Financial Year (April,’16). The decision has been taken to align the small savings interest rates with the relevant market rates of relevant Government Securities. The rates will now be reset every quarter in order to align them with the current market rates. The interest rates on Small Savings Schemes are much higher as compared to rates offered by Banks. The Central Bank (RBI) has been clamoring for revision in rates as it is leading to distortion in rate structure. Government is trying to provide…

      Retail Inflation In Check, Industry Output Contracts, RBI Rate Cut On The Cards

      Tuesday, March 15th, 2016 Amritesh no responses

      WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of February, 2016 continued with the deflationary trend, as inflation eased marginally to (-)0.91% as compared to (-)0.90% in the previous month. Inflation has stayed negative consecutively for the past 16 months. This is the leanest period observed since the WPI Index was launched in 2005. The fall in WPI inflation is mainly contributed due to slide in Crude and Food Prices which ensured that wholesale inflation remained negative. The food inflation dropped to 3.35% as compared to 6.02% in the previous month. The fuel and power segment, inflation declined by (-)6.4% as compared to (-)9.20% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers…

      BUDGET 2016: Personal Finance Perspective

      Sunday, March 13th, 2016 Amritesh no responses

      Budget 2016 was an attempt to address the concerns of Individuals involved in the Agriculture Sector as well as ensure that Infrastructure Developments are on the right track which is very encouraging. The stance on Fiscal Consolidation is also commendable considering that 7thPay Commission is bound to put additional burden on the Government. However, the Budget did not bring much cheer to the Middle and Salaried class who in my opinion are already burdened by various direct and indirect taxes. The Government has chosen to tax the existing tax payers instead of widening the tax base, and in my opinion even the Super Rich Farmers should be brought under the purview of tax, while incentive and benefits should be extended…

      Budget 2016-17: Highlights

      Tuesday, March 1st, 2016 Amritesh no responses

      The Budget for 2016-17 was presented yesterday and to the disappointment of the Salaried class there has been no revision in the existing Tax Slab nor any hike in the tax deduction available various Section. Moreover, the biggest shocker for over 5 crore EPF account holders was the announcement that now major chunk of the retirement corpus is taxable. Even Superannuation Funds (Retirement Funds like National Pension Scheme) will have tax implication at the time of maturity/withdrawal.The Budget aimed at addressing the needs of the poor, people involved with the agriculture sector and development of the rural areas was very encouraging.  The notable disappointment was that the middle class hardly had anything to cheer, on contrary the announcement to tax…

      WPI Slides, CPI touches New High, Factory Output Remains Down

      Monday, February 15th, 2016 Amritesh no responses

      WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of January, 2016 continues with the deflationary trend, as inflation stood at (-)0.90% as compared to (-)0.73% in the previous month. Inflation has stayed negative consecutively for the past 15 months. This is the leanest period observed since the WPI Index was launched in 2005. The fall in WPI inflation is mainly contributed due to slide in Crude Prices which ensured that wholesale inflation remained negative. The food inflation rose to 6.02% as compared to 8.17% in the previous month. The fuel and power segment, inflation declined by (-)9.20% as compared to (-)9.15% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods…

      WPI Deflation Eases, CPI on the High, Factory Output Declines

      Friday, January 15th, 2016 Amritesh 2 responses

      WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of December, 2015 has shown signs of deflationary trend easing, as inflation rose to (-)0.73% as compared to (-)1.99% in the previous month. Inflation has stayed negative consecutively for the past 14 months. This is the leanest period observed since the WPI Index was launched in 2005. The nominal rise in WPI inflation is mainly contributed to rise in Food Inflation although the falling Crude Prices have helped to keep the wholesale inflation in negative. The food inflation rose steeply to 8.17% as compared to 5.20% in the previous month. The fuel and power segment, inflation declined by (-)9.15% as compared to (-)11.09% in the previous month. Wholesale Inflation takes into…

      Provisions Under Section 45 of Insurance Act,1938 (Amended): Impact on Insurer and Insured

      Sunday, December 6th, 2015 Amritesh 2 responses

      It has been observed in the past that Insurers and Policyholders are often embroiled in ugly and lengthy litigation process regarding the claim settlement. The previous provisions under the Act made it possible for the Insurers to repudiate the claim on account of suppression/misinterpretation of facts at the time of settlement of claims.The provisions under section 45 of the Act provided that facts submitted in support of a policy cannot be questioned after the expiry of 2 years from the commencement of the policy. However, it empowered Insurers with a right to repudiate the claim, in case they had evidences that Policy was taken by misrepresenting/suppression of facts. As it was considered that material facts relating to terms and condition…