Wealth Management
Only 61 individuals declared gross income of Rs 100 cr in FY2017-18
New Delhi: There were only 61 individuals who declared an income of more than Rs 100 crore during assessment year 2017-18, though the number has risen sharply from 38 in the previous year. This information was provided by Minister of State for Finance Pon Radhakrishnan...
Interim Finance Minister Piyush Goyal
Interim Budget 2019-20: Rs 3,000 monthly pension for unorganised sector workers, no tax on income up to Rs 5 lakh
New Delhi: With the Lok Sabha election round the corner, Interim Finance Minister Piyush Goyal in his Budget speech today unveiled mega sops for middle class, farmers and unorganised workers in the Narendra Modi government's sixth and final budget before the polls. . Finance Minister...
Prime Minister Narendra Modi
Budget 2019 a trailer, will guide India to prosperity, says PM Modi
New Delhi: Prime Minister Narendra Modi on Friday said the interim Budget is merely a “trailer” of what will guide India towards prosperity after the Lok Sabha polls, and described it as something that will benefit all sections of society. In his remarks after the...
Thefts, Scams of Cryptocurrencies surge 400% to $1.7 Billion in 2018
Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace released on Tuesday. Of the $1.7 billion, the report, which looks at criminal activity in the...
India’s richest 1% get richer by 39% in 2018; just 3% rise for bottom-half: Oxfam
Davos: India's richest 1% get richer by 39 percent in 2018, just 3 percent rise for bottom-half: Oxfam At Davos, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe Indian billionaires saw their fortunes...
MFs add Rs 1.24 lakh crore to asset base in 2018 on SIP flows, strong retail participation
NEW DELHI: Mutual funds have added a staggering Rs 1.24 lakh crore to their asset base in 2018 assisted by consistent increase in SIP flows and a robust participation of retail investors despite volatile markets. The asset under management (AUM) of the industry grew by...
Mutual funds add Rs 3 lakh-cr to assets base in 2018, eyes more traction in new year
Mumbai: Mutual funds have added a whopping Rs 3 lakh crore to their asset base in 2018 and the uptrend may continue in the new year, helped by consistent rise in the SIP flows and a strong participation of retail investors despite volatile markets. The...
India's stock market overtakes Germany to become 7th largest in the world
India’s ascent on the global stage has claimed another victory after its stock market overtook Germany to become the seventh largest in the world. In global ranking, currently, India ranks seventh with a market cap of $2.1 trillion. At the end of 2017, India was...
Asia's mega rich take a hit with $137 billion in losses in 2018
The world’s fastest growing source of mega-wealth hit a speed bump this year. The 128 people in Asia with enough money to crack the 500-member Bloomberg Billionaires Index lost a combined $137 billion in 2018, the first time wealth in the region has dropped since...
GST Led To Household Savings As Tax Rates Came Down, Says Official
An average Indian household is saving up to Rs 320 every month on purchase of commonly used goods including cereals, edible oil and cosmetics post goods and services tax implementation, a finance ministry source said citing an analysis of consumer expenditure data. An analysis of...
