Loknath Das, Author at Pinfaves

Low-risk mutual funds investment: Long-term gilt funds a good choice now

May 27, 2020May 27, 2020 Loknath Dasa, choice, Funds, gilt, Good, investment, long-term, Low-risk, Mutual

Gilt funds are taxed like debt mutual funds. Short-term capital gains are taxed as per the investor’s income tax slab if the units are redeemed before three years. At a time when many categories of debt mutual funds are reporting redemptions, investors are buying gilt funds as they are safer because there is no credit risk. In April, gilt funds saw net inflows of Rs 2,515 crore as compared with net outflows in funds such as Rs 19,239 crore from credit risk funds, Rs 6,841 crore from low duration funds…

PSU banks loan report: Govt banks lent this much for business, farming during coronavirus months

May 19, 2020May 19, 2020 Loknath Dasbanks, business, coronavirus, During, Farming, for, govt, lent, Loan, much, PSU, Report, This

Under the scheme, the banks provide an additional line of credit of 10 per cent of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore. State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between March 1 and May 15 when businesses were reeling under the impact of COVID-19 crisis. Loans sanctioned at the end of May 8 stood at Rs 5.95 lakh crore. “Loans worth over Rs 6.45 lakh crore were sanctioned…

Risk-wary banks may stall small business rescue

May 16, 2020May 16, 2020 Loknath Dasbanks, business, May, Risk-wary, Small, stall

Banks wary of bad loans could derail the government’s mega rescue package for small enterprises, industry officials said, since much of the promised money is to be given out as loans. Finance minister Nirmala Sitharaman on Wednesday announced ₹3 trillion collateral-free loans and partially guaranteed ₹20,000 crore of subordinated debt for cash-starved micro, small and medium enterprises (MSMEs). However, the whole plan hinges exclusively on greater lending by banks, which have so far preferred paltry interest from the central bank to greater returns from riskier loans. Experts said private banks…

Should you go for investment products that come with lock-in?

May 12, 2020May 12, 2020 Loknath Dascome, for, Go, investment, Products, Should, That, With, You

Uncertain financial situation and the market dynamics coupled with a bleak economic scenario are prompting people to take a hard look at their investment options. Investors are especially concerned about products with long lock-in periods, say five, 10 or 15 years. Many are wondering whether it is the right time to lock funds for the long term. Read more to know what you should do if you are in a similar situation. Enhance your liquidity position Considering job losses and pay cuts in the wake of the covid-19 pandemic, financial…

Mental Health Tips: Five ways to practise self-care during the COVID-19 pandemic

May 11, 2020May 11, 2020 Loknath DasCovid-19, During, Five, Health, mental, practise, self-care, The, Tips:, to, Ways

Self-care, often ignored, is essential for your physical and mental health. What it means is to pay attention to your body and mind, understand what they need and making time to give them that. In times like these, this becomes even more important – the COVID-19 pandemic has lead to a massive increase in stress and anxiety levels. And while it may seem like you can’t possibly find the time for it — given you’re managing your home as well as work — it’ll be better for you in the…

Why Bill Gates Is Not The Man To Reimagine New York Education

May 9, 2020May 9, 2020 Loknath DasBill:, Gates, Is, Man, New, Not, Reimagine, The, to, Why, York

It literally took less than an hour for the pushback to start. Governor Andrew Cuomo dismissively questioned why school buildings even exist these days, and announced that he was enlisting Bill Gates to help reimagine education in the Empire State. From a dozen different corners, the objections came. One day later, Cuomo’s Facebook page attempted to soften the announcement. “Teachers are heroes & nothing could ever replace in-person learning,” the post began, before assuring readers that the reimagining would be done “in full partnership with educators and administrators.” That does…