Browsing: reduce

[ad_1] By Adhil Shetty Credit cards are popular financial tools; they allow consumers to convert their large purchases into EMIs. This feature also enables cardholders to make expensive purchases more affordable by spreading the cost over several months. Flexible repayment options, such as interest-free periods and the ability to pay the minimum amount due, provide additional financial flexibility to consumers. The recent RBI data show that credit card dues crossed the Rs 2-lakh crore mark in April 2023, which is a significant increase from the previous year. There could be several reasons for higher spends like the rising cost of…

[ad_1] Markets regulator Sebi on Wednesday approved various proposals, including reducing the time period for the listing of shares in a public issue, mandating additional disclosure requirements for foreign portfolio investors and introducing board nomination rights for unitholders of InvITs and REITs. These were among the seven proposals approved by Sebi’s board during its meeting. The board has cleared reducing the time period for the listing of shares in public issues from the existing 6 days to 3 days from the date of issue closure (T Day). “The revised timeline of T+3 days shall be made applicable in two phases…

[ad_1] Indiamart India’s largest B2B horizontal marketplace, is a dominant player in the B2B classifieds space, boasting 7.5 million sellers and 37 million active buyers. The company enjoys a high margin and generates healthy cash flow, making it a strong business in its sector. Our forecasts indicate a healthy compound annual growth rate (CAGR) of 20% for revenue, 24% for Ebitda, and 19% for EPS from FY2023-26. However, we believe that Indiamart should make aggressive investments in new capabilities and products to further enhance monetisation of its paying customers. Considering the company’s rich valuations and the potential risks posed by…

[ad_1] Asset allocation means dividing your investments among different asset classes, such as equity, bonds and bank deposits, among others. The strategy of asset allocation is used by investors to reduce risks and improve the chances of achieving financial goals. There are different asset allocation strategies, and the best one depends on your finances, age, risk tolerance, and investment goals. Asset allocation is important because it helps you reduce risks. No single asset class is immune to loss, but by diversifying your investments among different asset classes, you can reduce overall risk. Also read: From New Tax Regime to Old,…

[ad_1] Student loans have many benefits to achieve your educational goals and get into reputed institutions without worrying about funds. However, many students often hesitate to take an education loan owing to longer financial liabilities. An education loan can be a significant financial burden, but with the right strategies and commitment, you can pay it off faster. Here are some strategies to help you pay off your student loans quickly: Prepare a Repayment Plan Start by understanding the terms and conditions. Develop a repayment plan that outlines your goals, monthly payment amounts, and target payoff dates. Consider using online tools…

[ad_1] While India is not the richest country in the world, the tax collection here is one of the highest and the income tax rate should be reduced to 25 per cent from around 40 per cent at present, eminent economist Surjit Bhalla said. While speaking to PTI, Bhalla said reduction in tax rate is required to accelerate the pace of economic growth. “We are a much more globalised economy in the world and the world is a lot more globalised. If you look at the overall tax rate structure in India, collection of taxes is one of the highest…

[ad_1] The announcement of 20% Tax Collected at Source (TCS) on international credit card transactions from 1 July 2023 has raised concerns among taxpayers who often visit abroad. Many are worried that they may face liquidity issues as 20% extra will be cut as TCS on expenses made with a credit card during an international trip. While many of the concerns of international credit card users are valid, from a taxation point of view, TCS collected is not the final tax as it can be claimed back by filing Income Tax Return (ITR). Even the Government said this yesterday. “The…

[ad_1] In February 2021, Rory McIlroy had branded plans aimed at curbing driving distances as a waste of time and resourcesTwo years after branding research into golf equipment changes “a waste of money,” Rory McIlroy has given enthusiastic support for proposals to limit golf ball distances for top players.”For elite level play, I really like it. I really do,” said Northern Ireland’s world number three.McIlroy has also made the extraordinary suggestion that he might play a new shorter ball in PGA Tour events, even if the US circuit refuses to adopt the proposals announced last week.Golf’s rules makers, the R&A…