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Market Special 'Mukurat Trading' on November 1

New Delhi, Oct. 21- The stock exchanges BSE and NSE are going to hold a one-hour special 'Mugurat Trading' on the occasion of Diwali on November 1.   Share market success India's leading stock exchanges Mumbai and National Stock Exchanges have announced that they are going to hold a one-hour special 'Mugurat Trading ' on November 1st on the occasion of Diwali. The trading session will be held from 6 pm to 7 pm, both the markets said separately in their circulars. 'Mugurat' refers to an auspicious period chosen based on planetary positions. Investors consider it the beginning of a new financial year of the Hindu calendar. To mark this, NSC and BSE conduct a special session during Diwali festival. Also, market analysts said that investors are hopeful that the share transactions carried out in this session will bring prosperity throughout the year. This special session will see simultaneous trading in various segments like Equity, Commodity Derivatives, Cu...

Ways to help reduce home loan costs

 You can reduce the cost of home loan through various means including seeking shorter loan tenure.   Home loan When trying to buy a home you need to plan the home loan process properly. Starting from choosing the right bank to get a loan and getting a favorable interest rate, many aspects are important. Also, try to reduce the cost of home loan . Apart from the interest rate, various factors influence it. Moreover, especially now that the Reserve Bank has said that the Repo Rate will continue unchanged, there is no chance of an immediate reduction in the interest rate. With this background let's look at ways to reduce the cost of home loan. Loan period The loan tenure can range from 10 years to 20 years. It is determined based on various factors like age, income of the borrower. Generally, the shorter the loan term, the higher the monthly installment. The longer the loan tenure, the lower the monthly installments. Many may prefer to go for a longer term to reduce the ...

4 lakh crore lost stock market

Yesterday, the first day of the week, stock market indices witnessed a sharp decline.  stock market stock market situation At the end of trading hours, the Nifty fell 368 points and the Sensex 1,272 points, leaving investors with losses of nearly Rs 4 lakh crore. Japan's stock market fell 5 percent yesterday as Japan plans to raise interest rates. With Israel's attack on Lebanon, war tensions in the Middle East and fears of a disruption in crude oil supply, Indian stock market indices opened lower yesterday at the start of bull trading. Foreign investment Foreign investors sold shares worth Rs 9,792 crore yesterday. Crude oil Global crude oil prices were down 0.19 percent at USD 71.84 per barrel yesterday. Rupee value The Indian rupee was down 10 paise at Rs 83.79 against the US dollar. During yesterday's trade , the Nifty fell 1.46 percent to 25,796.65 points as foreign investors began to sell stocks and exit; The Sensex fell 1.52 percent to 84,274.64 points. ...

FADF monitors the Indian jewelery industry

FATF says India's jewelery industry needs to be monitored,     Risks being used to finance terrorism  NEW DELHI, France-based financial watchdog FATF has warned that high-volume transactions in India's gems and jewelery sector are likely to be used as tools for money laundering and terrorist financing. In this regard, the organization's statement said As the trade in navarat gems and gold jewelery has grown in India, there is a risk of their smuggling and black money transactions also increasing. Removal of ban on gold loan to IIFL Mumbai, 'I.I.F. RBI has removed restrictions imposed on the gold loan business of L. Finance, the company said.  I.I. F. RBI had imposed restrictions on the gold loan business of L. Finance Company on March 4. They have now been withdrawn, the company said in the stock exchange. Through this, the company has been allowed to engage in gold loan business again. monitoring In this sector, there are about 1.75 lakh distrib...

How does inflation affect the return on investment?

Savings and investments play an important part in financial planning. This makes it possible to achieve future goals and build wealth. While choosing investment opportunities, they should consider the potential return, investment period and risk factor.    inflation affect However, there is another important aspect of investing that should be taken into account. That is inflation.  Let's look at the ways inflation affects investing. Purchasing Power: Inflation is the increase of goods over time Indicates an increase in price. This affects purchasing power. For example, if inflation is 5 percent, an item bought for Rs 100 now will cost Rs 105. Therefore, the return on investment should also be commensurate with this. Investment Impact: As inflation affects purchasing power, The return on investment is supposed to be higher than inflation. Because if inflation is 5 percent and the return on investment is less than that, the return on investment will be n...

At one time, the tax rate in India was 97.50

Many feel that foreign countries tax the rich very heavily and India does not. But did you know that at one time India had to pay 97.50 percent of income tax? Indira Gandhi What is the historical tax rate in India Debates such as distribution of wealth and introduction of inheritance tax have arisen and are currently being discussed in a frenzy. But, in our country, 50 years ago, maximum tax was collected up to 97.50 percent. There was such a period in India. During Indira Gandhi's tenure as Prime Minister, income tax in India was as high as 97.50 percent. However, this collection came to an end shortly after. Indira Gandhi saw taxation as an important mechanism to balance income and wealth. Based on this, in February 1970, he presented the budget in Parliament and addressed it. Social welfare was the theme of the budget. Since the green revolution was taking place, various announcements related to the agriculture sector were included in the budget. A huge sum...