Skip to main content

Research Panel - Yes, Bank shares fall, govt may increase the limit of tax exemption



BUDGET 2019 - 

The government may increase the limit of income tax exemption - If the government raises the tax exemption limit from Rs 2.5 lakh to Rs 3 lakh, then it will add at least 2500 rupees to the country's 5 crore taxpayers. However, the budget deficit will increase if this is done. In the current fiscal year, it has 3.4 percent of GDP. 

Farmers do not have interest on loans up to Rs 1 lakh! - On May 31, 2019, PM Modi held a cabinet meeting after taking the oath. This meeting was said to increase the scope of PM-Kisan scheme. Under this scheme all the farmers, whether they have land or not- they will be given 6000 rupees per year. However, this benefit will not be given to those farmers, who have more than 2 hectares of land.


STOCK NEWS - 

All international traffic rights of Jet Airways meet other companies- Jet Airways was once the country's largest international operator with a 14 percent stake in the Aviation Market. After this Air India came. For routes like India-UAE, Jet Airways used to provide 13,006 seats per week. There were 14 flights per week for Hong Kong. Every week on the India-Qatar route, the company had 8559 seats, 12,076 seats each week on India-Singapore Route and 28 flights per week on the India-UK route. 

MARKET NEWS - 

1) A huge drop in UPL's share - Heavy selling is being seen in UPL's stock with large volumes. In two days this stock has broken more than 15 percent. HSBC has expressed concern in its report that the company's soybean business may be affected. Trade tension, the impact of swine flu in Africa will show on the company's soybean business. The company's soybean business is in Latin America. 

2) Yes, Bank shares fall to 5-year low - UBS Group AG recently reduced Yes Bank's price target because the bank has given loans to low-rated companies. Credit Suisse Group AG had said in April that the bank has given loan to some companies which have a lot of debt. 


Budget 2019 | Market News | Income Tax | Jet Airways Crisis | Yes Bank Shares | Rupee

Labels:

Comments

  1. CapitalStars07June 27, 2019 at 1:42 PM

    This is the right time to invest in commodity, contect me to know more.
    Free Commodity Tips.

    ReplyDelete

Post a Comment

Popular posts from this blog

Market News - Silver opens above Rs 50,000 a kg in Mumbai, gold at Rs 39,000-plus

Standard gold opened at Rs 39,091 for 10 grams, trading for the first time above Rs 39,000. It closed at Rs 39,031. Including a three percent goods and services tax, the price is above Rs 40,000. After six years, silver is trading above Rs 50,000 a kilo in the physical market here. Its global prices at $19.4 an ounce is a three-year high. The global high comes amidst the uncertainties of Brexit, a trade war and slowing growth, with traders increasing their silver bets. At Zaveri Bazar, the spot market price opened at Rs 50,125 a kilo and closed a little lower at Rs 49,950 — still up four percent from Tuesday’s close. Gold prices fell by Rs 372 to Rs 39,278 per 10 gram in the national capital on Friday due to weak demand and strong rupee, according to HDFC Securities. In tandem with gold prices, silver also dropped by Rs 1,273 to Rs 49,187 per kilogram here. “Gold declined on weak investment demand and stronger rupee. The spot rupee gained by 21 paise against the dollar du
11 comments
Read more

Commodity Market - Oil prices extend losses, Gold rises for second straight day

Silver futures slumped by Rs 318 at Rs 44,908 per kg on October 16 as participants cut down their bets in line with sluggish trend at overseas markets. On the Multi Commodity Exchange, silver contracts for December delivery fell by Rs 318, or 0.70 percent, at Rs 44,908 per kg in a business turnover of 7,274 lots. Crude oil futures fell by Rs 27 to Rs 3,797 per barrel on October 16 after participants reduced positions even as oil strengthened in global markets. On the Multi Commodity Exchange, crude oil for delivery in October dropped by Rs 27, or 0.71 percent, to Rs 3,797 per barrel with a business volume of 34,024 lots. For November delivery, crude oil was quoting lower by Rs 33, or 0.86 percent, to Rs 3,811 per barrel with 1,350 lots. Gold prices jumped Rs 157 to Rs 38,644 per 10 gram in the Mumbai bullion market. The rate of 10 grams 22-carat gold in Mumbai was at Rs 35,398 plus 3 percent GST while 24-carat 10 gram was at Rs 38,664 plus GST. Silver gained Rs 41
14 comments
Read more

RBI Monetary Policy- RBI repo rate cut to boost housing demand, NEFT to be made 24x7

The Reserve Bank of India’s Monetary Policy Committee (MPC), on Friday, cut key repo rate by 25 basis points (bps) to 5.15 percent, in its fourth bi-monthly MPC review meeting. Consequently, the reverse repo rate stands at 4.9 percent. The cut, a fifth in a row, was voted by a 5:1 majority. All members of the MPC voted to reduce the policy repo rate and to continue with the accommodative stance of monetary policy. Dr. Chetan Ghate, Dr. Pami Dua, Dr. Michael Debabrata Patra, Shri Bibhu Prasad Kanungo and Shri Shaktikanta Das voted to reduce the repo rate by 25 basis points. Dr. Ravindra H. Dholakia voted to reduce the repo rate by 40 basis points. NEFT to be made 24x7: The RBI, while announcing the repo rate decision, also clarified that the NEFT facility will be made available 24x7 on all working days starting December 2019. Here are the key highlights from the October MPC meeting GDP outlook revised: Highlighting the slowdown in the economy, the MPC cut the fisca
Post a Comment
Read more