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

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….

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

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…

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

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…

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Direct Tax Mop Up at Rs 5.54 Lakh Cr, Indirect at Rs 5.69 Lakh Cr: Government

New Delhi: Government has collected Rs 5,54,179 crore from direct tax as on February 29 and Rs 5,69,056 crore from indirect tax as on January 31 this fiscal, Parliament was informed today. According to revised estimate, Rs 7.52 lakh crore was estimated to come from direct taxes (corporate, and income tax) and another Rs 7.03 lakh crore from indirect taxes (customs, excise and service tax), Minister of State for Finance Jayant Sinha said in a written reply to Lok Sabha. Replying to a separate query, Sinha said in 2015-16 (up to…

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