Clear signs of revival in industrial production, fixed investment: FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said there are clear signs of revival of industrial production and fixed investment after economic growth plunged to a six-year low. At a press conference called to announce the third part of the stimulus package for the economy, she said measures are being taken to improve credit outflow from banks. Also, transmission of interest rate cuts is being effected by banks, she said, adding she will meet heads of public sector lenders on 19 September to review the transmission. The Reserve Bank of India (RBI ) has since February…

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Mutual Fund Investment: 5 reasons to invest in tax saving mutual funds

Investing in tax-saving mutual funds gives the benefit of diversifying your portfolio as per requirement. Tax-saving mutual funds, over the years, have proven to be the best tax-saving option for investors. While there are various tax-saving investment options such as National Pension System (NPS), National Savings Certificate (NSC), and Public Provident Fund (PPF), among others, Equity-Linked Savings Scheme (ELSS) has remained the most preferred. Here are 5 reasons why you should consider investing in tax-saving mutual funds (ELSS): 1. Lowest Lock-in Period Conventional tax-saving instruments generally come with long lock-in…

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3-Point Analysis | Why should you increase investment in gold now?

Gold has surged nearly 20 percent in 2019 while Sensex has risen 3 percent in the same period. With fears of an economic slowdown, gold is a pick which will provide stability. Moneycontrol’s Shraddha Sharma does a 3-Point Analysis on why you should increase allocation of the yellow metal in your portfolio. [“source=moneycontrol”]

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British vapers are safe, claim health experts after deaths in US

 A man exhales after vaping at the Vape Jam Convention in London in April 2018. Photograph: Amer Ghazzal/REX/Shutterstock Health experts have moved to reassure British vapers in the wake of a severe respiratory illness that has killed at least five people and hospitalised many more in the US. More than 450 possible cases – all linked to vaping – among otherwise “healthy young people” are being investigated, US officials said on Friday. They have reported that affected individuals have experienced respiratory symptoms including a cough, shortness of breath, and fatigue. Some…

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UBS to revamp investment bank in bid to lift flagging earnings

Switzerland’s UBS plans another shake-up of its investment banking arm to help boost earnings and curb costs after tough market conditions precipitated a performance dip. The world’s largest investment banks have had their worst start to a year since 2006, the latest data published by industry analyst Coalition on Thursday shows. “What’s been communicated today was a reorganisation, which did not include a specific number of job cuts,” a person familiar with the matter said, adding that the restructuring would be carried out by the end of the year. Switzerland’s…

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Political stability makes India an investment hub: PM Modi urges NRIs to invest in J&K

Prime Minister Narendra Modi on Saturday said “political stability and predictable policy framework” have made India an “attractive” investment destination as he urged the Indian business leaders in the UAE to invest in Jammu and Kashmir, which he said could emerge as the country’s growth engine. Addressing a group of NRI business community in the UAE capital Abu Dhabi, Modi thanked them, saying they have made a vital contribution to India’s economic growth. Highlighting the economic opportunities in India, he said, “Political stability and predictable policies framework are key driving…

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