Investment Archives - Page 12 of 35

Entrepreneurs’ tax break fails to boost investment, finds IFS

October 22, 2019October 22, 2019 Loknath Das

Sajid Javid has been told that low rates of capital gains tax give an unfair advantage and fail to boost investment. Photograph: Tolga Akmen/AFP via Getty Images The chancellor, Sajid Javid, has been told by Britain’s foremost tax and spending thinktank that tax breaks for business owners give the rich an unfair advantage and fail to boost investment in the UK. Before Javid’s first budget next month, the Institute for Fiscal Studies (IFS) said low rates of capital gains tax on business income did not encourage companies to invest more in the…

Amid falling interest rates on FDs, these 4 investment options offer up to 8.6% interest rate

October 12, 2019October 12, 2019 Loknath Das4), 8.6%, Amid, Falling, FDs, interest, investment, Offer, On, Options, Rates, these, to, Up

New Delhi: The Reserve Bank of India has cut the repo rate for the fifth time in a row to give a further boost to consumption and private investment in a bid to revive growth as inflation remained within the central bank’s comfort level. The RBI cut the repo rate by 25 basis points to 5.15%. Following the suit, banks have cut interest rates on loans and fixed deposits (FDs). A fixed deposit is among the most preferred investment option among senior citizens and retirees. State Bank of India (SBI), the…

‘Teenage Bitcoin Millionaire’ Co-Founds $1 Million Investment Fund for Crypto Startups

October 11, 2019October 11, 2019 Loknath Das1, Bitcoin, Co-Founds, Crypto, for, Fund, investment, Million, Millionaire’, Teenage

The leaders of crypto payment app Metal Pay, Marshall Hayner and Erik Finman, are launching an investment fund. Dubbed Metal VC, the $1 million dollar fund will focus on micro and angel investments, primarily in early-stage companies involved in banking and decentralized finance. The fund will allow the startup to align with partners as it expands globally, according to Metal CEO Hayner. The Metal subsidiary closed its first deal last month, with an undisclosed stake in the Binance-backed startup Yellow Card, which provides a cash-to-crypto on-ramp for emerging markets. A week after…

How a newspaper ad and Rs 5 lakh investment set this entrepreneur on Rs 50 Cr journey in chemicals manufacturing

October 4, 2019October 4, 2019 Loknath Das5%;, 50, a, Ad, and, Chemicals, Cr, Entrepreneur, How, In, investment, journey, Lakh, newspaper, On, Rs., Set, This

In 2002, Bengaluru-based entrepreneur Srinivas M saw a newspaper ad about the MSME Ministry conducting a training session for chemical manufacturing. Srinivas was a chemical trader at the time, and thought it would be a good opportunity to start manufacturing chemical products himself. “I saw this a way into a manufacturing sector that could pay me dividends much more than a trading business ever could. I decided to seize this opportunity, and enrolled myself in the programme,” he says. Srinivas was about to enter the chemicals industry that has grown over the years, touching $163…

Can LIC’s investments in public sector units hurt policyholders?

October 1, 2019October 1, 2019 Loknath DasCan, Hurt, In, Investments, LICs, Public, sector, Units

In the last five years, Life Insurance Corp. of India’s (LIC) investments in state-run banks and the government’s disinvestment programme have almost doubled, according to news reports. Moreover, of the total investments made by LIC worth ₹26.6 trillion, as of March 2019, ₹22.6 trillion went into the public sector and only ₹4 trillion went into the private sector, showed data from the Reserve Bank of India. While this may work in favour of some of the public sector undertakings (PSUs), it’s not clear how it will impact the customers of the insurer. Disha Sanghvi asks experts how this might affect…

How to become a crorepati with PPF investment

September 21, 2019September 21, 2019 Loknath Dasa, become, crorepati, How, PPF, to, With

Although making one crore with moderate monthly investment without equity exposure is difficult, periodic investment in Public Provident Fund (PPF) for a long-term can do the trick with the power of compounding. The longer your money stays invested, the quicker it grows. The timeframe to reach Rs 1 crore will depend on the amount of your monthly investment and period of investment that you are willing to commit. However, one can only invest Rs 1.5 lakh in PPF in a year. Long-term commitment PPF is a long term investment product…