Blogs

The doubling of GDP growth compared to the sequential quarter was largely driven by a turnaround in goods output

26 Jul 2024|10:19 AM

The budget was unlike traditional budgets in that it was built on some very steady and long term macro and micro themes

26 Jul 2024|09:39 AM

The Indian government announced on June 28, 2024, that interest rates on small savings schemes will remain unchanged for July-September 2024. This marks the second consecutive quarter without an increase, following six quarters of rising rates. Small savings schemes, such as the Public Provident Fund and Sukanya Samriddhi Account, provide higher interest rates and tax benefits, attracting citizens to save regularly. These schemes are crucial for financing the government’s fiscal deficit. The interest rates are linked to market yields on government securities but often diverge from the formula. Future rate changes depend on market yields and global bond index inclusions.

25 Jul 2024|02:48 PM

Groww Nifty EV & New Age Automotive ETF is a play on the automotive sector with focus on new age green automobiles

24 Jul 2024|09:28 AM

Union Finance Minister Nirmala Sitharaman presented the Budget for FY 2024-25, focusing on fiscal prudence, job growth, and taxpayer relief. Key highlights include reducing the fiscal deficit target to 4.9% of GDP, raising the standard deduction under the new income tax regime to Rs 75,000, and removing indexation benefits on long-term capital gains. The budget also proposes rationalizing capital gains taxes, abolishing the angel tax, increasing the security transactions tax, and introducing job creation incentives. Customs duties on precious metals were reduced, and tax reassessment time limits shortened. Additionally, e-commerce export hubs will be established to aid MSMEs and artisans.

23 Jul 2024|04:33 PM

The Economic Survey ahead of the Union Budget underlined that the post-pandemic recovery was strong and affirmative

23 Jul 2024|09:47 AM

The stand-out trend in mutual funds in the last couple of months has been the return of active equity funds

22 Jul 2024|11:01 AM

The rupee weakened on the back of dollar stability but higher India CAD expectations

22 Jul 2024|10:54 AM

For the second week in a row, the story was all about the large caps, as mid-caps saw deep cuts in the week

22 Jul 2024|09:47 AM

The full Union Budget 2024-24 on 23-July is likely to set the tone for the markets in the coming week

22 Jul 2024|09:35 AM