5 important investment lessons 2019 taught us

Fixed deposits remain the preferred investment tool for countless Indians, especially for risk-averse investors like senior citizens and retirees Representational image  |  Photo Credit: BCCL Analysing financial events and practices of the past can help us improve our financial habits in the future. The calendar year 2019 has left a trail of learnings for all of us to ponder upon – things that can lead us to making wiser financial decisions in 2020 and beyond. I’ve highlighted a few of such money lessons that 2019 taught us to ensure we enter…

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China’s investment in highways, waterways up 2.9 pct in Jan.-Nov.

BEIJING, Dec. 22 (Xinhua) — China’s fixed-asset investment (FAI) in highways and waterways registered steady growth in the first 11 months of the year, official data showed. Total FAI in highways and waterways reached 2.16 trillion yuan (about 294 billion U.S. dollars) during the January-November period, a year-on-year growth of 2.9 percent, according to statistics from the Ministry of Transport. Specifically, investment in inland rivers expanded 7.5 percent to reach 54.75 billion yuan, while that of highway construction recorded a growth rate of 1.9 percent to 2.02 trillion yuan during…

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Govt plans to increase overseas investment limit in insurance to 74%

With an aim to attract long-term investment from overseas, the Indian government is planning to increase the Foreign Direct Investment (FDI) limit for insurance firms to 74% from the current 49% in the upcoming Union Budget. The Insurance Regulatory and Development Authority of India (IRDAI) is seeking inputs from the industry on government instructions and a report is expected to be submitted soon, said an ET report quoting a source aware of the development. On December 2, IRDAI in a letter to insurance firms had sought the opinion of stakeholders to increase…

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After roads, tailwinds favour private sector investment in airports

Recently, Zurich Airports International AG won the bid to develop and operate the Jewar airport near Delhi for 40 years. The Swiss firm’s bid to share revenue of ₹400.97 per passenger with the Airports Authority of India (AAI) beat competition by a wide margin. But keen participation by leading business firms such as Adani Enterprises Ltd, Delhi International Airports (GMR Group) and international firm Anchorage Infrastructure Investments Ltd shows the rising private sector interest in airports. Naveen Kumar Saini/Mint This follows the recent deal by Tata group with Singapore’s sovereign wealth fund GIC…

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Debt investment under NPS becomes safer from today. Check new rules

New Delhi: The quality of debt securities that your National Pension System (NPS) fund manager buys may see significant improvement from today. The Pension Fund Regulatory and Development Authority (PFRDA) last month revised the guidelines for the valuation of pension schemes, which becomes effective from today (December 1, 2019). In a circular, the pension fund regulator said that it has made changes in the ‘valuation of debt securities’ as well as ‘valuation policy for securities below investment grade’ in which pension funds in the National Pension System (NPS) can make investments.…

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Exclusive: Sachin Bansal on his investment strategy, his special interest in finance and the sectors he is bullish about

Flipkart co-founder Sachin Bansal, who has turned a devout investor after his exit from the ecommerce company, has turned his attention to the financial services sector. Bansal recently became CEO of Chaitanya Rural Intermediation Development Services, an NBFC focused on providing microfinance to lower economic groups in rural areas after he acquired a 90 percent stake for more than $100 million. Bansal, 37, told CNBC-TV18 in an interview that he is looking at a “long-term stint” at Chaitanya India Finance.  “Chaitanya is a 10-year-old company with a target of lower-income…

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