Lakh Archives - Pinfaves

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…

No white elephants please! Where not to invest RBI surplus of Rs 1.76 lakh crore

August 28, 2019August 28, 2019 Loknath Das1.76, elephants, Invest, Lakh, No, Not, of, please!, RBI, Rs., surplus, to, where, White

Bimal Jalan panel’s decision to recommend transfer of Rs 1.76 lakh crore of RBI’s reserves and excess provisions to the government of India has rightly raised a host of questions about where the money would be deployed. Just as brazenly the Centre managed to transfer the reserves, the expectation was that their deployment would be equally transparent. If there were hopes from finance minister Nirmala Sitharaman’s press conference in Pune to throw light on the question, those were dashed. But more than where they are deployed, it’s important to understand…

Fake investment firm cons youth of Rs 3.35 lakh with big returns vow

March 10, 2019 Loknath Das3.35, Big, cons, fake, Firm, investment, Lakh, of, returns, Rs., vow, With, Youth

Representative Image LUCKNOW: An aspirant for Provincial Civil Services-Judiciary (PCS-J) has been duped of Rs 3.35 lakh in the name of an investment scheme. The victim, Sachin Tiwari, a resident of Manaknagar, lodged an FIR on Saturday. Sachin told the police that he read an advertisement of a lucrative investment scheme on a dating website in December last year. “I provided my details and phone number on the website. On December 1, I received a call from Komal who claimed being an employee of ‘Real dating Group’ and explained me various investment plans,” Sachin…

‘Investment in 8-10 stocks should be good enough if your budget is between Rs 2-5 lakh’

February 9, 2019 Loknath Das$2.5, 8-10, be, between, Budget, Enough, Good, if, In, investment, Is, Lakh, Rs., Should, stocks, Your

For most people, financial decisions pertaining to investing, buying insurance or taking loans are erratic, rather than an informed and planned process. This means that they have innumerable stocks and dozens of mutual funds without taking into consideration, the impact on their financial goals. In this article, I am going to highlight some of the asset classes to help you determine the optimum mix and how much is too much per investment instrument. Mutual Funds: Most of the people are often confused as to how they should segregate their funds.…

Govt to disqualify over 1 lakh directors for link with shell companies

September 13, 2017 Loknath Das1, companies, directors, disqualify, for, govt, Lakh, Link, Over, Shell, to, With

More than 1.06 lakh directors will be disqualified for their association with shell companies, according to the government, as it steps up the fight against black money. The latest move comes close on the heels of the corporate affairs ministry cancelling the registration of 2.09 lakh companies that have not been carrying out business activities for a long period. Besides, banks have been asked to restrict operations of these companies’ bank accounts by their directors or their authorised representatives. The ministry has “identified 1,06,578 directors for disqualification under Section 164(2)(a) of the…

5.5 Lakh Head and Neck Cancer Cases Every Year in India: Experts

October 15, 2016 Srijita5.5, and, Cancer, Cases:, Every, Experts, Head, In, India, Lakh, Neck, Year

Head and neck cancers account for more than 5.5 lakh of the total cancer cases reported in India every year, putting India in the sixth place worldwide, said health experts. Quoting the Indian Council of Medical Research (ICMR), the experts said approximately eight lakh cases are diagnosed each year, out of which 5.5 lakh cases are of head and neck cancer. “Primarily a lifestyle-related disease, such cancer is highly preventable. As much as 80 per cent of the causation is attributed to tobacco consumption, while 75 per cent is due…