The document analyzes interest costs for Indian states and the central government from 2014 to 2020. It finds that:
- State interest expenditures have grown 12% annually on average and stood at Rs. 3.2 lakh crore in FY2019, projected to reach Rs. 3.5 lakh crore in FY2020.
- Outstanding state liabilities have also grown 12.3% annually on average, reaching Rs. 47.1 lakh crore in FY2019 and projected to be Rs. 52.5 lakh crore in FY2020.
- Average interest costs have been higher for states than the central government in most years, though this difference has narrowed over time.
- Industrial output rose 4.3% in July 2019 but growth was limited by contractions in capital goods and consumer durables, reflecting subdued investment and demand. The core sector contracted for the first time since 2015 in August 2019 led by declines in coal, crude oil, natural gas, cement and electricity.
- GDP growth fell to a 6-year low of 5% in the first quarter of fiscal year 2020 due to declines in private consumption and moderate growth in manufacturing, financial services and construction. The investment rate increased marginally.
- In August 2019, GST collections were 4.5% higher than the previous year but 4% lower than the previous month. The fiscal deficit was lower than the previous year during
The document provides a summary of key fiscal developments in India:
- Revenue receipts were 4% higher in the current fiscal year compared to the previous year, with actual revenue collections at 30.7% of budget estimates for April-August 2019 versus 26.9% for the same period last year.
- Non-tax revenue collections were 23% higher than the previous year, while tax revenue collections were fairly in line with previous year trends.
- Fiscal deficit for April-August 2019 stood at 78.7% of budget targets, significantly lower than 94.7% for the same period in the previous year.
- Both revenue and capital expenditures have been lower than the previous year.
Kotak Mahindra Bank reported strong financial results for the quarter ended June 2019. Net profit increased 23% to Rs. 1932 crore due to 22% growth in net interest income and 27% rise in non-interest income. Various subsidiaries also reported increased profits. Kotak Prime reported 10% growth in net income and profit. Kotak Mahindra Life Insurance saw 42% rise in gross premiums and 15% increase in profit. The bank maintained stable asset quality while improving net interest margins to 4.49%.
This document provides a summary of India's economic conditions in early September 2019 based on recent inflation and industrial production data. It notes that food inflation increased slightly but remains overall under control. Fuel inflation continued declining. Industrial output grew moderately but capital goods production contracted again, indicating subdued investment. Consumer goods demand was mixed. The Reserve Bank of India is expected to continue cutting interest rates to support growth while keeping inflation near its target.
- Asset quality deteriorated in the first quarter with gross NPAs jumping 48% quarter-on-quarter to 4.2% due to seasonal factors. LAP and non-salaried segments saw higher NPAs.
- Loan growth accelerated slightly to 13.3% due to lower repayment rates. Growth remains disappointing compared to smaller competitors.
- Provisions saw large quarterly variations under the new Ind AS accounting standards. Provisions increased in the first quarter as expected.
- Net interest margins expanded to 4.5% due to a larger increase in loan yields compared to cost of funds. Further margin relief is expected from declining market interest rates.
The document provides an overview and key points about Bharat Electronics Ltd from a 19 September report:
- Revenue growth of 12-15% is guided for FY20 driven by a strong order backlog of Rs576 bn. Order inflow for FY20 is expected to be Rs130-150 bn.
- New areas of growth include space electronics, solar, homeland security and more to drive future non-defense revenue.
- The company is focusing on artificial intelligence projects and increasing indigenization.
- Two large upcoming orders are LRSAM (Rs150bn) and Akash (Rs53.6bn) missile systems.
- DLF Ltd's net profit jumped 79% to Rs435cr in Q4FY19 vs Rs243cr a year ago due to an 81% rise in total revenue driven by a two-fold jump in pre-sales.
- DLF successfully raised Rs3,173cr through a QIP and Rs11,250cr from promoters, transforming its balance sheet and reducing net debt by 38% in Q4.
- While sales bookings more than doubled to Rs2,435cr in 2018-19, net profit declined due to an exceptional gain in 2017-18 from selling the rental business.
- Industrial output rose 4.3% in July 2019 but growth was limited by contractions in capital goods and consumer durables, reflecting subdued investment and demand. The core sector contracted for the first time since 2015 in August 2019 led by declines in coal, crude oil, natural gas, cement and electricity.
- GDP growth fell to a 6-year low of 5% in the first quarter of fiscal year 2020 due to declines in private consumption and moderate growth in manufacturing, financial services and construction. The investment rate increased marginally.
- In August 2019, GST collections were 4.5% higher than the previous year but 4% lower than the previous month. The fiscal deficit was lower than the previous year during
The document provides a summary of key fiscal developments in India:
- Revenue receipts were 4% higher in the current fiscal year compared to the previous year, with actual revenue collections at 30.7% of budget estimates for April-August 2019 versus 26.9% for the same period last year.
- Non-tax revenue collections were 23% higher than the previous year, while tax revenue collections were fairly in line with previous year trends.
- Fiscal deficit for April-August 2019 stood at 78.7% of budget targets, significantly lower than 94.7% for the same period in the previous year.
- Both revenue and capital expenditures have been lower than the previous year.
Kotak Mahindra Bank reported strong financial results for the quarter ended June 2019. Net profit increased 23% to Rs. 1932 crore due to 22% growth in net interest income and 27% rise in non-interest income. Various subsidiaries also reported increased profits. Kotak Prime reported 10% growth in net income and profit. Kotak Mahindra Life Insurance saw 42% rise in gross premiums and 15% increase in profit. The bank maintained stable asset quality while improving net interest margins to 4.49%.
This document provides a summary of India's economic conditions in early September 2019 based on recent inflation and industrial production data. It notes that food inflation increased slightly but remains overall under control. Fuel inflation continued declining. Industrial output grew moderately but capital goods production contracted again, indicating subdued investment. Consumer goods demand was mixed. The Reserve Bank of India is expected to continue cutting interest rates to support growth while keeping inflation near its target.
- Asset quality deteriorated in the first quarter with gross NPAs jumping 48% quarter-on-quarter to 4.2% due to seasonal factors. LAP and non-salaried segments saw higher NPAs.
- Loan growth accelerated slightly to 13.3% due to lower repayment rates. Growth remains disappointing compared to smaller competitors.
- Provisions saw large quarterly variations under the new Ind AS accounting standards. Provisions increased in the first quarter as expected.
- Net interest margins expanded to 4.5% due to a larger increase in loan yields compared to cost of funds. Further margin relief is expected from declining market interest rates.
The document provides an overview and key points about Bharat Electronics Ltd from a 19 September report:
- Revenue growth of 12-15% is guided for FY20 driven by a strong order backlog of Rs576 bn. Order inflow for FY20 is expected to be Rs130-150 bn.
- New areas of growth include space electronics, solar, homeland security and more to drive future non-defense revenue.
- The company is focusing on artificial intelligence projects and increasing indigenization.
- Two large upcoming orders are LRSAM (Rs150bn) and Akash (Rs53.6bn) missile systems.
- DLF Ltd's net profit jumped 79% to Rs435cr in Q4FY19 vs Rs243cr a year ago due to an 81% rise in total revenue driven by a two-fold jump in pre-sales.
- DLF successfully raised Rs3,173cr through a QIP and Rs11,250cr from promoters, transforming its balance sheet and reducing net debt by 38% in Q4.
- While sales bookings more than doubled to Rs2,435cr in 2018-19, net profit declined due to an exceptional gain in 2017-18 from selling the rental business.
LAWYER IN VIETNAM DR.OLIVER MASSMANN - VIETNAM - SECURITIES AND BANKING GUIDE...Dr. Oliver Massmann
The document summarizes Vietnam's banking and securities regulations, including:
1. The State Bank of Vietnam (SBV) acts as Vietnam's central bank, regulating monetary policy and supervising financial institutions.
2. Vietnam began privatizing its banking sector in the 1990s, though state-owned banks still dominate. The goal is to reduce state ownership in major banks to 51-65% by 2025.
3. Foreign ownership of Vietnamese credit institutions is limited, with no single foreign investor allowed over 20% ownership and total foreign ownership capped at 30% for banks and 49% for non-banks. The government may allow higher limits for restructuring weak institutions.
Lawyer in Vietnam Dr. Oliver Massmann SECURITIES AND BANKING GUIDE UPDATE 2018Dr. Oliver Massmann
The State Bank of Vietnam (SBV) is the central bank of Vietnam and is responsible for monetary policy and supervision of financial institutions. A process of privatizing Vietnam's banking sector is underway, with the goal of reducing state ownership of the four largest state-owned commercial banks. Foreign ownership of Vietnamese credit institutions is restricted, with no single foreign investor allowed over 20% ownership and total foreign ownership capped at 30% for commercial banks and 49% for non-banking institutions. The government is drafting a new decree to increase the foreign ownership limit for commercial banks to 50%.
1. The document outlines interest rates on agriculture loans provided by banks, which vary based on loan size, credit rating, and term of the loan.
2. Lower interest rates are available for prompt paying farmers and those with higher credit ratings.
3. Additional interest rate concessions of 25-100 basis points are available for borrowers that are externally credit rated at investment grade or higher.
Vietnam has several key regulators and laws that govern the insurance industry. The Ministry of Finance regulates the insurance business and established the Insurance Supervisory Authority to directly govern insurance companies. Some of the main laws that regulate insurance include the Law on Insurance Business, Decree 73 guiding implementation of insurance laws, and Decree 98 on administrative sanctions. Insurance companies must comply with various capital reserve requirements like reserve funds, insurance reserves, and security deposits. Life insurers have specific legal capital requirements and qualifications for appointed actuaries. They are also limited to conducting only life insurance business.
The document provides information on the Public Provident Fund (PPF) scheme in India, including eligibility, investment limits and tax benefits. Some key details include:
- PPF is a long-term small savings scheme operated by the Indian government that allows tax-free investments of up to Rs. 1.5 lakhs per year and tax-free returns.
- Individual Indian residents can open a PPF account, with minimum annual deposits of Rs. 500 and a lock-in period of 15 years. Interest rates are set quarterly by the government.
- Contributions and returns are exempt from income tax and the balance is protected from creditors in case of legal disputes. Partial withdrawals are allowed after
The State Bank of Vietnam (SBV) is the central bank of Vietnam and is responsible for monetary policy, supervising financial institutions, managing foreign exchange reserves, and other monetary functions. In 1990, the bank system was reorganized to separate the SBV from commercial banks and establish the private banking sector. Today Vietnam's banking sector is still dominated by major state-owned commercial banks, but a process of privatization is underway to gradually reduce state ownership to 51%. Foreign ownership of Vietnamese credit institutions is regulated, with individual foreign ownership capped at 5% and total foreign ownership limited to 30% for commercial banks and 49% for non-bank institutions. The foreign exchange market and foreign borrowing are also governed by regulations issued by the S
Vietnam has taken steps to address money laundering risks through laws and regulations but its framework remains insufficient. Money laundering activities have been visible through various means like bank accounts and illegal currency transfers. Key directives include the 2012 Anti-Money Laundering Law and related decrees that establish regulators like the State Bank of Vietnam and require customer due diligence and record keeping by reporting entities. Violations of anti-money laundering laws can result in administrative or criminal penalties including imprisonment and asset forfeiture. Reporting entities must also implement internal anti-money laundering procedures and training.
GST (Goods and Service Tax) is one of the major indirect tax reform in the Indian economy. It has impacted the every sector of the economy of India from agriculture to industries, from individual to corporate. Insurance industry being a service sector is also not going to remain untouched from its impact. This paper is designed to give overview of the GST and its impact on the Insurance sector in India and how the new tax system in insurance premium going to affect policyholders if we see through policyholder’s point of view and insurance companies’ perspectives within the country. How it has effected the tax system in insurance premiums in life as well as non-life insurance in India including the schemes which have service tax exemption. And what we can make conclusion out of all this. This paper is made using exploratory research methodology using secondary data.
We are the provider of national pension scheme details and return related to government and retirement pension scheme. We also provide services for monthly and new pension scheme in India.
For more details please visit: http://fintrackindia.com/nps.html
The document provides information about the National Pension Scheme (NPS) in India. It discusses the regulations, tax benefits, eligibility, investment options, fund performance, and withdrawal process for the NPS. Key points include that the NPS is regulated by PFRDA and offers tax deductions on contributions. Subscribers can choose from multiple pension fund managers and allocate contributions across equity, corporate bond and government security asset classes. Partial and lump sum withdrawals are allowed under certain conditions.
The National Pension System (NPS) is a defined contribution pension scheme that replaced the existing pension scheme for new government employees in India starting January 2004. Principal Accounts Offices function as Primary Accounts Offices to facilitate registration of subscribers, upload contribution files, deposit contributions to the Trustee Bank for investment, update requests, and resolve grievances related to the NPS. The document provides details on the roles and responsibilities of Primary Accounts Offices and processes for registration, contributions, withdrawals and refunds under the NPS.
The National Pension Scheme is a Defined Contribution Scheme that was set up in 2004 for all Government Employees and was open to the general public in May 2009. It is a social security benefit to create a retirement corpus to meet post retirement income needs, initiated by the Government of India in association with the Pension Regulatory Development Authority.
VIETNAM - BANKING AND FINANCING – OUTLOOK ON THE EUROPEAN UNION VIETNAM FREE ...Dr. Oliver Massmann
This document discusses Vietnam's banking and financing sector and outlook regarding the EU-Vietnam Free Trade Agreement (EVFTA). It notes Vietnam's strong economic growth and makes several recommendations. Key points include:
1) Vietnam has steady economic growth but its banking system needs reforms to develop interbank markets, cash management products, and simplify paperwork for foreign exchange and lending.
2) The State Bank of Vietnam should amend regulations to strengthen loan efficiency and allow more flexible account structures and roll-over loans.
3) Government ministries should simplify foreign exchange transaction requirements and promote database sharing to streamline verification processes.
4) The EVFTA, expected to take effect in 2018, opens new opportunities
The Pradhan Mantri Awas Yojana (PMAY) aims to provide housing for all in urban areas by 2022. It will provide subsidies to low-income families to construct or purchase homes measuring up to 30-60 square meters. Subsidies of up to Rs. 2.67 lakh will be deposited directly into housing loans at interest rates of 6.5-4% for EWS/LIG and MIG families. The National Housing Bank and Housing and Urban Development Corporation are implementing the program through banks and monitoring progress towards the goal of constructing 2 crore affordable homes.
Successful business in Vietnam - What you must know and do :Dr. Oliver Massmann
This document provides advice and recommendations for foreign businesses looking to do business in Vietnam. It discusses benefits such as lower wages and production costs compared to other Asian countries. It emphasizes the importance of thoroughly researching the Vietnamese market and culture. The document recommends finding potential partners through online directories and ensuring any agreements are legally binding contracts. It also stresses the value of professional liability insurance and offshore dispute resolution for foreign investors due to ambiguities in Vietnamese law. Overall, it portrays opportunities in Vietnam while cautioning businesses to properly understand the legal and cultural landscape.
Public Provident Fund (PPF) is a long-term savings scheme offered by the Indian government to its citizens under the Public Provident Fund Act of 1968. Some key facts about PPF include:
- A minimum deposit of Rs. 100 is required to open a PPF account. Deposits can range from Rs. 500 to Rs. 1,50,000 annually with a 15-year maturity period.
- Interest on PPF deposits is exempt from income tax and accrues at a rate set by the government annually (currently 8% per annum).
- Account holders can take loans against their PPF deposits from the third year onward and make partial withdrawals from the seventh year.
This document provides information about retirement planning and generating a pension through a combination of life insurance policies. It recommends splitting one's expected pension amount over 15 years and taking out an endowment policy with LIC of India each year to cover that time period. The maturity amount from each policy would serve as the pension for that year and be received tax-free. This strategy provides tax benefits and life insurance coverage. It is presented as a simple way to create a guaranteed stream of tax-free retirement income through existing LIC products and income tax provisions.
LIC Jeevan Akshay VI is an immediate annuity plan that provides guaranteed lifetime income in exchange for a lump sum payment. Key features include no medical exam required, annuity options like lifetime only or lifetime with return of principal, and minimum purchase amount of Rs. 100,000. Factors to consider before purchasing include inflation, tax bracket, dependents, age, and other investment options. The plan is best suited for older, lower tax bracket individuals seeking hassle-free retirement income. Overall the plan received a rating of 2 out of 5.
The document provides a summary and warning for Indian bachelors considering marriage. It outlines several Indian laws that can be misused by an abusive wife to harass, blackmail, and falsely imprison a husband and his family. These include Section 498A of the IPC and the Domestic Violence Act. It lists warning signs of an abusive personality to watch out for in a potential wife or her family, such as controlling behavior, isolation from friends and family, jealousy, and a history of blaming others. The document aims to inform bachelors of these risks so they can take precautions or avoid an abusive marriage situation.
The document provides an economic spotlight report on the state of Indian states' finances. It notes that states have managed to keep their fiscal deficits within mandated limits but their outstanding debt as a percentage of GDP has risen in the last five years. It recommends that states continue planned capital expenditures to support overall economic activity and pursue measures to improve tax collection and debt management.
- Federal Bank reported loan growth of 19% year-over-year led by retail loans growing 26% and corporate loans growing 18%. However, growth slowed compared to previous quarters.
- Net interest income grew 18% year-over-year while other income grew 45% led by higher treasury income. Provisions increased 8% quarter-over-quarter and profits grew 46% year-over-year.
- Management guided for similar loan growth momentum to continue and shifting the portfolio towards higher yielding segments like unsecured retail, commercial vehicles, and business banking.
LAWYER IN VIETNAM DR.OLIVER MASSMANN - VIETNAM - SECURITIES AND BANKING GUIDE...Dr. Oliver Massmann
The document summarizes Vietnam's banking and securities regulations, including:
1. The State Bank of Vietnam (SBV) acts as Vietnam's central bank, regulating monetary policy and supervising financial institutions.
2. Vietnam began privatizing its banking sector in the 1990s, though state-owned banks still dominate. The goal is to reduce state ownership in major banks to 51-65% by 2025.
3. Foreign ownership of Vietnamese credit institutions is limited, with no single foreign investor allowed over 20% ownership and total foreign ownership capped at 30% for banks and 49% for non-banks. The government may allow higher limits for restructuring weak institutions.
Lawyer in Vietnam Dr. Oliver Massmann SECURITIES AND BANKING GUIDE UPDATE 2018Dr. Oliver Massmann
The State Bank of Vietnam (SBV) is the central bank of Vietnam and is responsible for monetary policy and supervision of financial institutions. A process of privatizing Vietnam's banking sector is underway, with the goal of reducing state ownership of the four largest state-owned commercial banks. Foreign ownership of Vietnamese credit institutions is restricted, with no single foreign investor allowed over 20% ownership and total foreign ownership capped at 30% for commercial banks and 49% for non-banking institutions. The government is drafting a new decree to increase the foreign ownership limit for commercial banks to 50%.
1. The document outlines interest rates on agriculture loans provided by banks, which vary based on loan size, credit rating, and term of the loan.
2. Lower interest rates are available for prompt paying farmers and those with higher credit ratings.
3. Additional interest rate concessions of 25-100 basis points are available for borrowers that are externally credit rated at investment grade or higher.
Vietnam has several key regulators and laws that govern the insurance industry. The Ministry of Finance regulates the insurance business and established the Insurance Supervisory Authority to directly govern insurance companies. Some of the main laws that regulate insurance include the Law on Insurance Business, Decree 73 guiding implementation of insurance laws, and Decree 98 on administrative sanctions. Insurance companies must comply with various capital reserve requirements like reserve funds, insurance reserves, and security deposits. Life insurers have specific legal capital requirements and qualifications for appointed actuaries. They are also limited to conducting only life insurance business.
The document provides information on the Public Provident Fund (PPF) scheme in India, including eligibility, investment limits and tax benefits. Some key details include:
- PPF is a long-term small savings scheme operated by the Indian government that allows tax-free investments of up to Rs. 1.5 lakhs per year and tax-free returns.
- Individual Indian residents can open a PPF account, with minimum annual deposits of Rs. 500 and a lock-in period of 15 years. Interest rates are set quarterly by the government.
- Contributions and returns are exempt from income tax and the balance is protected from creditors in case of legal disputes. Partial withdrawals are allowed after
The State Bank of Vietnam (SBV) is the central bank of Vietnam and is responsible for monetary policy, supervising financial institutions, managing foreign exchange reserves, and other monetary functions. In 1990, the bank system was reorganized to separate the SBV from commercial banks and establish the private banking sector. Today Vietnam's banking sector is still dominated by major state-owned commercial banks, but a process of privatization is underway to gradually reduce state ownership to 51%. Foreign ownership of Vietnamese credit institutions is regulated, with individual foreign ownership capped at 5% and total foreign ownership limited to 30% for commercial banks and 49% for non-bank institutions. The foreign exchange market and foreign borrowing are also governed by regulations issued by the S
Vietnam has taken steps to address money laundering risks through laws and regulations but its framework remains insufficient. Money laundering activities have been visible through various means like bank accounts and illegal currency transfers. Key directives include the 2012 Anti-Money Laundering Law and related decrees that establish regulators like the State Bank of Vietnam and require customer due diligence and record keeping by reporting entities. Violations of anti-money laundering laws can result in administrative or criminal penalties including imprisonment and asset forfeiture. Reporting entities must also implement internal anti-money laundering procedures and training.
GST (Goods and Service Tax) is one of the major indirect tax reform in the Indian economy. It has impacted the every sector of the economy of India from agriculture to industries, from individual to corporate. Insurance industry being a service sector is also not going to remain untouched from its impact. This paper is designed to give overview of the GST and its impact on the Insurance sector in India and how the new tax system in insurance premium going to affect policyholders if we see through policyholder’s point of view and insurance companies’ perspectives within the country. How it has effected the tax system in insurance premiums in life as well as non-life insurance in India including the schemes which have service tax exemption. And what we can make conclusion out of all this. This paper is made using exploratory research methodology using secondary data.
We are the provider of national pension scheme details and return related to government and retirement pension scheme. We also provide services for monthly and new pension scheme in India.
For more details please visit: http://fintrackindia.com/nps.html
The document provides information about the National Pension Scheme (NPS) in India. It discusses the regulations, tax benefits, eligibility, investment options, fund performance, and withdrawal process for the NPS. Key points include that the NPS is regulated by PFRDA and offers tax deductions on contributions. Subscribers can choose from multiple pension fund managers and allocate contributions across equity, corporate bond and government security asset classes. Partial and lump sum withdrawals are allowed under certain conditions.
The National Pension System (NPS) is a defined contribution pension scheme that replaced the existing pension scheme for new government employees in India starting January 2004. Principal Accounts Offices function as Primary Accounts Offices to facilitate registration of subscribers, upload contribution files, deposit contributions to the Trustee Bank for investment, update requests, and resolve grievances related to the NPS. The document provides details on the roles and responsibilities of Primary Accounts Offices and processes for registration, contributions, withdrawals and refunds under the NPS.
The National Pension Scheme is a Defined Contribution Scheme that was set up in 2004 for all Government Employees and was open to the general public in May 2009. It is a social security benefit to create a retirement corpus to meet post retirement income needs, initiated by the Government of India in association with the Pension Regulatory Development Authority.
VIETNAM - BANKING AND FINANCING – OUTLOOK ON THE EUROPEAN UNION VIETNAM FREE ...Dr. Oliver Massmann
This document discusses Vietnam's banking and financing sector and outlook regarding the EU-Vietnam Free Trade Agreement (EVFTA). It notes Vietnam's strong economic growth and makes several recommendations. Key points include:
1) Vietnam has steady economic growth but its banking system needs reforms to develop interbank markets, cash management products, and simplify paperwork for foreign exchange and lending.
2) The State Bank of Vietnam should amend regulations to strengthen loan efficiency and allow more flexible account structures and roll-over loans.
3) Government ministries should simplify foreign exchange transaction requirements and promote database sharing to streamline verification processes.
4) The EVFTA, expected to take effect in 2018, opens new opportunities
The Pradhan Mantri Awas Yojana (PMAY) aims to provide housing for all in urban areas by 2022. It will provide subsidies to low-income families to construct or purchase homes measuring up to 30-60 square meters. Subsidies of up to Rs. 2.67 lakh will be deposited directly into housing loans at interest rates of 6.5-4% for EWS/LIG and MIG families. The National Housing Bank and Housing and Urban Development Corporation are implementing the program through banks and monitoring progress towards the goal of constructing 2 crore affordable homes.
Successful business in Vietnam - What you must know and do :Dr. Oliver Massmann
This document provides advice and recommendations for foreign businesses looking to do business in Vietnam. It discusses benefits such as lower wages and production costs compared to other Asian countries. It emphasizes the importance of thoroughly researching the Vietnamese market and culture. The document recommends finding potential partners through online directories and ensuring any agreements are legally binding contracts. It also stresses the value of professional liability insurance and offshore dispute resolution for foreign investors due to ambiguities in Vietnamese law. Overall, it portrays opportunities in Vietnam while cautioning businesses to properly understand the legal and cultural landscape.
Public Provident Fund (PPF) is a long-term savings scheme offered by the Indian government to its citizens under the Public Provident Fund Act of 1968. Some key facts about PPF include:
- A minimum deposit of Rs. 100 is required to open a PPF account. Deposits can range from Rs. 500 to Rs. 1,50,000 annually with a 15-year maturity period.
- Interest on PPF deposits is exempt from income tax and accrues at a rate set by the government annually (currently 8% per annum).
- Account holders can take loans against their PPF deposits from the third year onward and make partial withdrawals from the seventh year.
This document provides information about retirement planning and generating a pension through a combination of life insurance policies. It recommends splitting one's expected pension amount over 15 years and taking out an endowment policy with LIC of India each year to cover that time period. The maturity amount from each policy would serve as the pension for that year and be received tax-free. This strategy provides tax benefits and life insurance coverage. It is presented as a simple way to create a guaranteed stream of tax-free retirement income through existing LIC products and income tax provisions.
LIC Jeevan Akshay VI is an immediate annuity plan that provides guaranteed lifetime income in exchange for a lump sum payment. Key features include no medical exam required, annuity options like lifetime only or lifetime with return of principal, and minimum purchase amount of Rs. 100,000. Factors to consider before purchasing include inflation, tax bracket, dependents, age, and other investment options. The plan is best suited for older, lower tax bracket individuals seeking hassle-free retirement income. Overall the plan received a rating of 2 out of 5.
The document provides a summary and warning for Indian bachelors considering marriage. It outlines several Indian laws that can be misused by an abusive wife to harass, blackmail, and falsely imprison a husband and his family. These include Section 498A of the IPC and the Domestic Violence Act. It lists warning signs of an abusive personality to watch out for in a potential wife or her family, such as controlling behavior, isolation from friends and family, jealousy, and a history of blaming others. The document aims to inform bachelors of these risks so they can take precautions or avoid an abusive marriage situation.
The document provides an economic spotlight report on the state of Indian states' finances. It notes that states have managed to keep their fiscal deficits within mandated limits but their outstanding debt as a percentage of GDP has risen in the last five years. It recommends that states continue planned capital expenditures to support overall economic activity and pursue measures to improve tax collection and debt management.
- Federal Bank reported loan growth of 19% year-over-year led by retail loans growing 26% and corporate loans growing 18%. However, growth slowed compared to previous quarters.
- Net interest income grew 18% year-over-year while other income grew 45% led by higher treasury income. Provisions increased 8% quarter-over-quarter and profits grew 46% year-over-year.
- Management guided for similar loan growth momentum to continue and shifting the portfolio towards higher yielding segments like unsecured retail, commercial vehicles, and business banking.
The document summarizes investment patterns of Indian mutual funds in October 2019. It notes that the largest share (47%) of debt assets under management (AUM) were invested in short-term instruments under 90 days. The second highest category was corporate debt papers at 27.4% of debt AUMs. It also analyzes fund deployment across various debt instruments like commercial papers, government securities, and exposures to sectors for equity AUMs.
- Equity schemes make up the largest share (72%) of total mutual fund folios in India, followed by hybrid schemes (96 lakh folios) and debt schemes (68 lakh folios).
- Systematic investment plans (SIPs) are growing in popularity, with an average of 9.24 lakh new SIP accounts added per month and total SIP accounts of ~2.84 crore.
- The assets under management of the Indian mutual fund industry stood at Rs. 24.51 lakh crore in September 2019, a 3% increase from March 2019. However, assets fell by Rs. 0.97 lakh crore from August 2019.
The document provides information on recent economic developments in India:
- Major Indian banks like SBI, IDBI and IndianBank will link floating rate loans for MSMEs, housing and retail to the repo rate starting October 1st, 2019.
- Bank credit to MSMEs has grown at 15% annually over the last decade, with services accounting for over 60% of total MSME credit. As of July 2019, outstanding MSME credit totalled Rs. 10.47 lakh crores.
- Incremental bank credit to MSMEs contracted by 1.8% from March to July 2019, an improvement from the 2.5% contraction in the same period last year.
- In the first half of fiscal year 2020 (H1 FY20), automobile sales in India witnessed their sharpest decline in 5 years at 14.4% year-over-year due to factors like price hikes from new safety regulations, higher insurance costs, and high dealer inventories.
- Commercial vehicle sales declined the most at 24.8% year-over-year in H1 FY20 due to increased axle load capacity and reduced lending by non-banking financial companies.
- While September 2019 sales continued to decline year-over-year, they increased month-over-month for passenger vehicles, commercial vehicles, and three-wheelers, indicating a potential recovery.
This document summarizes key points from an HDFC AMC report on the Indian mutual fund industry. It notes that while cash volumes have grown slowly, derivatives volumes have increased sharply. Delivery volumes have decreased slightly. It also outlines HDFC AMC's strong financial performance and market leadership position, with equity AUM growth outpacing the industry. The outlook is positive given growing SIP participation and a rising equity culture in India.
This document contains summaries of key points from several documents related to HDFC AMC and the Indian mutual fund industry:
1) HDFC AMC has demonstrated strong financial performance over years with 20% annual revenue growth and 28% AUM growth. It enjoys high margins from equity funds which make up 51% of its AUM.
2) HDFC AMC maintains a leadership position in the Indian MF industry with over Rs. 3 trillion in AUM and a 14% market share. It has a large share of high-yielding equity assets and the highest share of individual customers.
3) The Indian MF industry has seen strong growth in AUM over recent years and is expected to continue growing, led by
The consistent rise in interest income from private sector banks led to overall income growth for the banking system in the first quarter of fiscal year 2020. While public sector banks saw a slight slowdown in interest income growth, private banks continued to see sharp rises in interest income due to expansionary activities. The total income growth of all banks improved due to the growth in private bank interest income.
The World Bank has revised down its price forecasts in line with subdued global growth. Crude oil prices fell 8% in the third quarter despite attacks on Saudi oil infrastructure, and almost all major commodity price indexes declined due to slowing global demand from trade tensions, weak trade, slowing manufacturing and lower output growth. Global oil consumption is projected to grow by 1% in 2019, with non-OECD countries accounting for all the increase and China alone half the rise, while OECD consumption is expected to remain flat.
- Bank deposits as of June 2019 stood at Rs 126.7 lakh cr while outstanding credit was Rs 97.2 lakh cr, registering 10.1% deposit growth and 11.7% credit growth year-over-year. Public sector banks held the majority share of total deposits and credit.
- However, the share of private sector banks' credit increased considerably from 27.7% in June 2018 to 34% in June 2019, indicating higher credit growth from private banks.
- The quarterly growth in deposits and credit slowed down in the first quarter of fiscal year 2020, attributed to a slowdown in GDP growth for that quarter.
- UPL Ltd reported revenue growth of 91.2% year-over-year for Q1FY20 driven by its acquisition of Arysta. Excluding M&A effects, revenue grew 6.7% year-over-year.
- EBITDA margin declined due to purchase price allocation adjustments related to the Arysta acquisition but margins improved when excluding these effects.
- The company achieved expected synergies from the Arysta acquisition during the quarter and expects synergies to increase going forward to help boost margins.
- Management maintained its full-year revenue and EBITDA growth guidance.
The RBI has lowered its GDP growth forecast for FY20 substantially to 6.1% due to weak demand and investment conditions. To support measures by the government to arrest the economic slowdown, the RBI cut its repo rate by 25 bps to 5.15%, the lowest in 9 years, and maintained an accommodative monetary policy stance. The MPC revised GDP growth projections downward and said intensified efforts are needed to restore growth momentum.
The document summarizes the liquidity conditions in the Indian banking system for the week ending September 20, 2019. It notes that while the banking system maintained an overall liquidity surplus, the surplus declined sharply from the previous week due to tax payments and higher government borrowings. It also mentions that liquidity conditions are expected to improve slightly in the current week but could still be weighed on by various outflows.
The RBI approved trading of rupee derivatives with settlement in foreign currency at the International Financial Services Centre in GIFT City, Gujarat on October 4, 2019. This is expected to improve revenue prospects for onshore international exchanges located in GIFT-IFSC by attracting some offshore currency derivatives trading onshore. It also aims to make exchange rate management more effective and reduce disjointed price discovery. The decision was made in light of sharp growth in offshore rupee trading volumes exceeding onshore volumes, with around 50% of rupee derivatives traded offshore in exchanges like DGCX and SGX.
- Yields on long-term and short-term government securities as well as corporate bonds declined in October 2019, with the fall being larger for corporate bonds and commercial papers.
- The central government's borrowings in October 2019 were 48% lower than in the previous month, though borrowings for April-October 2019 were 48% higher than the previous year.
- Both issuances and yields declined for government securities and corporate debt in the primary and secondary markets in October 2019, while bank credit growth also contracted.
This document summarizes a study analyzing the impact of India's new corporate tax rate of 25.17% on companies' tax savings for the 2019 fiscal year. Key findings of the study include:
- 1,192 companies would see tax savings of Rs 41,555 crore from the new lower tax rate.
- Total tax paid by the 2,377 companies studied was Rs 2.37 lakh crore at an effective tax rate of 27.5%.
- The tax savings could increase banks' ability to lend by up to Rs 1.2 lakh crore if reserves increase due to lower taxes.
The document provides an economic spotlight report for 12 September 2019. It summarizes developments in the Indian debt market for August 2019, including a rise in central government and corporate bond issuances and borrowings. Yields on government and corporate bonds declined further. Bank credit growth slowed while external commercial borrowings by corporations increased.
This document summarizes a study analyzing the impact of India's new corporate tax regime on 2,377 companies that had positive profits before tax in fiscal year 2019. Some key findings of the study include:
- The new 25.17% corporate tax rate would result in estimated tax savings of Rs. 41,555 crore for 1,192 companies previously paying over 25.2% tax.
- Total tax paid by the 2,377 companies was Rs. 2.37 lakh crore at an effective tax rate of 27.5%.
- Private banks could see tax savings of Rs. 12,000 crore, allowing potential lending capacity of Rs. 1.2 lakh crore if reserves are increased
This document provides a summary of key economic data being released during the week of March 9-14, 2020. It lists the date, time, and country/region that the economic indicator is being released for, along with the specific indicator such as consumer confidence, GDP, manufacturing PMI, etc. There is also a disclaimer at the end related to the information provided and legal terms of using the website.
The document provides a report on gold and silver prices and analysis from the MCX (Multi Commodity Exchange) on March 21, 2020.
The 3 sentence summary is:
Gold prices on the MCX rose 0.75% to Rs. 40,129 per 10 grams as speculators created new positions amid a firm global trend, while silver prices soared Rs. 914 to Rs. 36,016 per kg as participants widened bets due to a firm global trend. The report provides technical analysis and recommendations to sell gold at Rs. 38,400 and silver at Rs. 33,047 based on support and resistance levels.
The document provides details of an option trading strategy for Ultratech Cement. It recommends buying 3400 call options of Ultratech Cement at Rs. 299 with a lot size of 200, maximum loss of Rs. 63,100, and unlimited profit potential. The strategy rationale is that Ultratech Cement has broken resistance and sustained above that level, indicating a high probability of the stock price rising further.
- The USD was higher against the INR on Friday after the Indian Prime Minister announced a nationwide curfew on Sunday to combat the spread of coronavirus.
- USD/INR was trading at 75.15, up 0.50% for the day. The research recommendation was to buy USD/INR at 75.24 with a target of 76.5 and stop loss of 74.2.
- The document provided a technical analysis of USD/INR along with a research recommendation for trading the currency pair.
The document provides analysis and recommendations on the Indian stock market and some specific stocks. It discusses key support and resistance levels for indexes like Nifty and Bank Nifty. It provides both short term and medium term buy recommendations for stocks like Reliance, Tata Steel, and Maruti among others. The document also summarizes global market conditions and movements in crude oil prices.
Silver, gold and crude oil futures prices rose on Friday according to the commodity snapshot document. Natural gas markets fluctuated after rising on Thursday. Nickel futures also gained on Friday due to rising demand. The aluminum industry may see reduced production and loads due to the automotive sector slowing down as a result of the coronavirus crisis in Germany and Europe. Rubber prices declined as tyre makers and domestic stockists were not interested in increasing commitments.
- The document provides a sector-wise breakdown of the movement in the Indian stock market on March 21, 2020. Most sectors saw gains ranging from 3.4% to 10.1%.
- It also lists support and resistance levels for the Nifty and Bank Nifty indexes. Foreign and domestic institutional investor activity is shown for the past few days.
- The indexes saw gains on March 20 on hopes of a government stimulus and positive global cues, breaking a four-day losing streak. However, the market remains sell-on-rally due to coronavirus pessimism.
JSW Steel is an Indian steel company and one of the fastest growing in India. It has a footprint in over 140 countries. JSW Steel is India's second largest private sector steel company with an installed capacity of 18 MTPA. The document provides a rating of "Buy" for JSW Steel with a target price of INR 250 and discusses the company's financial performance, growth, capacity expansion plans, and valuation compared to peers.
- The stock market indices in India ended lower for the fourth consecutive session on March 19 due to concerns over the COVID-19 pandemic and its economic impact. The Sensex closed down 581 points and Nifty fell 205 points.
- The economic impact of the COVID-19 pandemic is being felt globally via supply chain disruptions and a slowdown in demand as more countries implement lockdowns and social distancing measures. This will likely weaken the global economy in the first half of 2020.
- The effects of the pandemic are expected to be prolonged, with supply chain disruptions in China gradually easing by mid-April but the impact on travel and tourism likely lasting until June. Weak demand from lockdowns
- Gold futures rose on Friday due to safe haven demand amid the accelerated spread of COVID-19, lower US equities, and a weaker US dollar.
- The Dow Jones fell 0.8% and the US Dollar Index fell 0.25%, both lending support to gold prices.
- Silver markets also rallied, piercing the $13 level and looking to build a base as the market has been oversold, though industrial demand for silver will be negatively impacted by the pandemic.
Sector weekly perfomance 21 st mar - 2020stockquint
This document provides a weekly sector performance report covering several industries in India. It discusses how the continued spread of COVID-19 is negatively impacting the automobile sector through supply chain disruptions from China and potential declines in demand. It also notes challenges for the banking sector from the pandemic's economic effects. The FMCG sector continues to see a slowdown, especially in rural areas. The pharmaceutical industry may need to reduce dependence on China for active pharmaceutical ingredients. The NBFC, oil and gas, and stressed asset management sectors are also addressed.
Derivative weekly report 21 st mar - 2020stockquint
The document provides analysis of the Indian stock market and recommends buying Hindustan Unilever Limited futures. It analyzes technical indicators for the Nifty 50 index and Bank Nifty index, noting support and resistance levels. It also discusses currency movements between the Indian rupee and US dollar. Open interest data for various securities is presented.
- Several key sectors saw declines last week, with the BSE PSU index falling -133.2 points and the BSE Bankex index declining -236.68 points.
- The Nifty index failed to break above previous highs and closed the week down 32.6 points at 12,080.85. Technical indicators suggest the potential for further declines in the short term.
- Mobile carriers including Vodafone Idea were ordered to pay thousands of crores in dues following a Supreme Court ruling. Official macroeconomic data will be monitored for signs of economic revival.
This document provides a weekly sector analysis and stock picks for the third week of February 2020. It includes:
- A performance summary of various sectors for the week.
- Potential stock picks to buy or sell for the week, including entry prices and targets.
- A discussion of developments in sectors such as banking, auto, energy, and telecom.
This document provides a summary of key economic data being released for the week of February 24, 2020 to February 29, 2020 from various countries including New Zealand, Eurozone, Australia, Canada, China, and the United States. It also includes disclaimers about investment risks and responsibilities for the information provided.
- The weekly market report provides an overview of the performance of key indices like Nifty and Bank Nifty for the week ending February 20, 2020. Nifty ended the week lower by 32 points at 12,080 levels while Bank Nifty closed lower by 287 points at 30,942 levels.
- Most sectors ended in red for the week with auto, metal and PSU banking indices falling the most. IT was the only sector in green, gaining over 1%. Foreign institutional investors were net sellers in the cash market during the week.
- Going forward, analysts will monitor official economic data for signs of recovery in the slowing Indian economy. The report provides technical levels for the indices along with details of sector performances.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
2. 1
Chart 1 analyses average interest cost for centre and states for the period from
FY14 to FY20(BE). This average interest cost for a year has been computed by
calculating interest expenditure as a proportion of average outstanding liabilities
for the current and previous year. Outstanding liabilities for this computation
includes government market borrowings, ways and means advances from RBI
(WMA), loans from Centre and other public sector undertakings, National Social
Security Fund (NSSF) and other funds like provident funds, reserve funds,
contingency fund among others.
Interest expenditure, which accounts for almost 12% of the aggregate expenditure of all
states,is one of themost important committed expenditure.Aggregate interest expenditure
for all 30states (including union territories) stood at Rs 3.2 lakh crs during FY19(RE)and is
budgeted to increase toRs 3.5lakh crs during FY20(BE), having grown at a CAGR of 12%
during FY10-FY20(BE). The outstanding liabilitiesfor all statesis estimated at Rs 47.1 lakh crs
as at FY19(RE) and is budgeted to grow by 11.5% during FY20(BE) to Rs 52.5 lakh crs.
Outstanding liabilities have grown at a CAGR of 12.3% during FY10 –FY20(BE).
Mutual Funds Update For September2019
Economic Spotlight
17 October 2019
3. 2
There has been no clear trend in the average interest cost for states and centre. For 6 of the 7
yearsthe states had a higher costwhile only the budgeted FY20 numbers have higher cost for the
Centre. -The differential in average cost was 1 bps in FY14 and peaked at 38 bps in FY15.
It was 20bps in FY18 and 8 bps in FY19(RE).-The financial year end repo rate has declined from 8% in
FY14 to 6% in FY18 and rose again to 6.25% in FY19 year end. There has been a decline in repo rate
during FY14 to FY19 and the average interest cost of states have mimicked this movement in
direction though not magnitude as the average interest cost has declined from 7.36% in FY15 to
7.04% in FY19(RE).
On the other hand, the average interest cost for the centre declinedsteeply from 7.21% in FY14 to
6.98% in FY15, but has largely been flat during FY15 to FY19(RE).-For both the Central government
and the State governments, theaverage cost for FY19(RE) andbudgeted FY20(BE) has been lower
than FY14. -For state governments, this ratio had peaked at 7.36% in FY15 and had recorded its
lowest value of 7.04% in FY19(RE). -In case of the Central government, the average interest cost
peaked at 7.21% in FY14 and declined to its lowest level of 6.91% in FY17.
The sharp decline in the average cost of the state governments’vis-à-vis the Central government can
be attributed tothe longer tenures/duration of governments borrowings which in case of State
government areless than 10 years while for Central government a significant contribution is more
than 10 years. There is a positive relationship between interest rate and the duration of the
borrowing.
There are 16states which have the average cost more thanthe average for all states while 14
stateshave less than the average (7.04% for FY19(RE)).-The gap between the highest ratio of 9.50%
for Puducherry and lowest ratio of 5.11% for Mizoram is around 4.4%-Uttar Pradesh which has the
highest outstanding liabilities of Rs 5.6 lakh crs as of FY19(RE) has a lowaverage cost of 5.9%, which is
1.1% below the average for all the states.
Maharashtra on the other hand which has the second highest outstanding liabilities of Rs 4.4 lakh crs
as of FY19(RE) has anaverage cost of 7.75%, which is 0.71% higher than the average of all the states.
State-wise comparison of average interest cost
Economic Spotlight
17 October 2019
4. 9
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Economic Spotlight