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What are the problems with investing solely for tax savings?

 Income tax planning is important. Tax-saving investments play a key role in this planning. However, when it comes to investing for tax savings, it can be a mistake to act only with tax savings in mind.   Is it right or wrong to invest only for tax purposes? How does taxation affect savings and investment Many people take out insurance policies or other tax-saving investments for tax savings without considering whether they are suitable for their financial needs. Let's see the problems that arise from acting solely with the aim of tax savings.   Misalignment investing; Investments should be aligned with our financial goals. When we only work with tax savings in mind, investments may not align with our financial goals. This is not ideal. For example, if you are a young investor, your investment portfolio should include growth-oriented investments.    Investment Opportunities ; When tax savings are a primary consideration, the opportunities to choose ...

How much is the gold mine in China worth

 Beijing: 1 million kilograms of gold particles worth 7 lakh crore rupees have been discovered in the Wangu gold mine in Pingjiang, Hunan province of China. Gold mine china How much is China gold net worth The Geological Survey of Hunan Province, China , our neighbor, discovered a large amount of gold in more than 40 places at a depth of 6,500 feet underground in the Wangu gold mine. It was estimated that up to 300,000 kg of gold could be found here.   Using modern technology, a mine up to 10,000 feet deep has found gold particles larger than expected.   The amount of gold identified here is believed to be over 1 million kg. Its value is estimated to be over 7 lakh crore rupees.   It is said to be the largest gold mine discovered in recent history. Through this, Hunan Province has gained a very important place in the global gold mining market. The 'South Deep' mine in South Africa is estimated to contain 900,000 kg of gold. It has been named the world's largest gold ...

Vegetable and fruit exports from India increase

New Delhi: Fruits and vegetables grown in India have now reached the markets of 123 countries. Exports have increased by an all-time high of 47.30 percent. Fruits and vegetables   What are the most exported fruits and vegetables from India The Union Commerce Ministry has said that exports of vegetables and fruits have reached a new high in terms of weight from 2019 to 2023. This is attributed to various assistance from the Agriculture and Processed Foods Export Development Authority (APEDA). This organization provides financial assistance to traders and exporters for processing and exporting fruits and vegetables. With the increasing demand for Indian fruits and vegetables in the global market, exports have increased significantly in the last four years. With the financial assistance of A.P.E.D.A., a world-class export infrastructure has been established. Modern grading and packing centers have been set up. As a result, Indian fruits and vegetables have quickly reached 17 new mark...

Today gold price February 2025

Today gold rate status in tamilnadu, 22 carat gold is a type of gold alloy that is 91.67% pure gold. The remaining 8.33% is made up of other metals, such as copper, silver, or zinc. This makes 22 carat gold more durable than 24 carat gold, which is 99.99% pure gold. 22 carat gold is also more affordable than 24 carat gold.  Today's Gold Silver price   Updated on 06th February 2025 Contents What is the rate of 1 gram gold in Tamil Nadu Today gold silver price 22/24 carat 1 gm ₹7,930/25🔺️ 10 gm ₹87,500/600🔺️ 1 gm silver107,00/0↔️ 1 kg silver ₹98,470/30 🔻 This week Price chat Date 22 ct 1gm 24ct 10gm 1 kg silver 31/01/2025 ₹7,730 ₹84,780 ₹96,000 ...

What is the growth rate of the electronics sector

New Delhi: Union Electronics and Information Technology Minister Ashwini Vaishnaw said that the Indian electronics manufacturing sector will double to more than Rs 17.20 lakh crore in the next 3 to 4 years due to the reforms announced in the Budget. Technology Minister Ashwini Vaishnaw Which industry is growing faster The budget also allocates an additional Rs 2,000 crore for Indian AI technology . Based on this, the government aims to set up 20 AI high-tech observatories at the central level and 80 AI labs in various educational institutions across the country in the next financial year.   The electronics sector currently employs 25 lakh people. This is likely to increase fourfold in the next four years. The successes of electronics manufacturing can be used as a model for any sector. With the reforms announced in the Budget, the Indian electronics manufacturing sector is set to double to over Rs 17.20 lakh crore in the next 3-4 years. he said.      

Upi money transactions hit new highs in january india

Digital money transfer has become increasingly popular among the people in the last few years. In this regard, the number of money transactions through India's Unified Payments Interface (UPI) is increasing every month. Upi money transactions What is the growth in UPI transactions in India New Delhi: UPI transactions hit a new high of 1.70 crore in January, according to NBCI data.     Accordingly, UPI transactions increased by 1.60 per cent to 1.69 crore in January, up from 1.67 crore in December 2024. This is a new record in terms of number since the digital payment system was launched in April 2016. The number of daily transactions for January was 1.43 crore, up from 1.42 crore in December. The value of daily transactions increased to Rs 19,562 crore in January. Compared to the same month of the previous fiscal, the number of digital money transactions in January increased by 39 per cent and by 28 per cent in value. Similarly, the number of transactions in othe...