GOVT GOLD BONDS
Investment returns during coalition govt: Modi 3.0 might be good for stock market, mutual fund investors, show trends during previous govts
How will be Modi 3.0 for investments? The stock market experienced a sharp decline following the Lok Sabha elections 2024, causing concern among young investors. They are worried about their investments as a coalition National Democratic Alliance (NDA) government prepares to take oath on June 9, 2024. Will the volatility in the stock market continue? How will NDA-3.0 be for your hard-earned money? Is there a bad government for your investments? Should the incoming government worry debt investors? Should you invest in equities, mutual funds or debt instruments? Questions such as these are worrying investors. So here are some answers that should give an idea of what is in store for you in the next five years.
Union Mutual Fund files a draft document with Sebi for a multi-asset allocation fund
Union Multi Asset Allocation Fund, an open-ended scheme, aims for long-term capital appreciation through diversified investments in equity, debt, gold, silver, REITs & InvITs. Managed by Hardick Bora, Sanjay Bembalkar, and Anindya Sarkar, it follows a blend of top-down and bottom-up investment approaches.
Swaminathan Aiyar wonders how RBI managed to give Rs 2.1 lakh cr dividend to govt, says it will make a huge difference to July Budget
Finance Minister aims to reduce fiscal deficit from 5.8% to 4.5% in two years, relying on non-revenue RBI transfer. This strategy facilitates reaching 5.1% deficit this year. Challenges remain in sustaining revenue deficit reductions alongside fiscal targets. Aiyar says it is not very clear at this point what has resulted in this rise in the RBI dividend. Once we have greater clarity on that, we will be able to find out what are the consequences for different parts of the economy.
'Have delivered on 2019 promise of putting corrupt behind bars, our govt leveraged technology to tackle corruption': PM Modi
Prime Minister Narendra Modi, currently vying for a third consecutive term, reaffirms his 2019 pledge to incarcerate corrupt individuals, asserting that he has fulfilled this promise. In an extensive discussion with ET, PM Modi addressed various topics. He reiterates the government's dedication to ensuring that the benefits of progress extend to all individuals in need, irrespective of their caste, creed, or geographical location.
RBI's Rs 2.1 lakh crore payout: When it all adds up to deliver a windfall to govt
At a time when some of the central banks in the advanced world have reported losses and negative equity, RBI will hand over a dividend cheque of more than ₹2.1 lakh crore to its sole owner, the government.
22KT, 18KT, 14KT gold price today from Indian Bullion and Jewellers Association (IBJA)
Gold prices on Akshaya Tritiya: If an individual is buying gold jewellery, then they should know the prevailing gold price of 22KT, 18KT or 14KT. This is because these are purity karats used for making gold jewellery. Usually, one cannot buy gold jewellery made of 24 Karat of gold. Read on to know the current gold prices.
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Worsening US debt outlook seen more in gold and bitcoin than in bonds
Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country's fiscal path, market observers say.
Investment in government bonds: RBI to launch mobile app for Retail Direct portal
RBI Retail Direct Mobile App: The central bank announced the launch of mobile app for RBI Retail Direct portal for investing in government securities. This will make it easier for retail investors to buy, sell and invest in central government bonds, state government bonds, treasury bills, Sovereign Gold Bonds via Retail Direct Portal. The RBI launched the RBI Direct Scheme in November 2021 to make it easier for common man to invest.
Sovereign gold bond issue for FY25 pegged 10% higher at Rs 29,638 crore
The government plans to issue sovereign gold bonds worth ₹29,638 crore in FY25, a 10% increase from the current fiscal year. This surge in issuance is due to the growing investor appetite for 'paper gold'. The gross mop-up from gold bonds in FY24 exceeded expectations, reaching ₹26,852 crore. Investor interest in gold bonds has risen due to the safe haven status of gold and expectations of long-term price appreciation.
ETMarkets Smart Talk: Govt may set fiscal deficit target at 5.2%-5.4% of GDP in FY 2024-25 in Budget 2024: Christy Mathai
Christy Mathai says: The government is expected to set the fiscal deficit target at 5.2%-5.4% of GDP in FY 2024-25. The focus will be on moderating capex aggression and addressing tax inconsistencies. Bond investors are not likely to see any favorable moves in this budget. The government will continue its initiatives for import substitution and export opportunities. Sectors linked to government capex and rural recovery will be watched closely. Prudent asset allocation and systematic investing are recommended for equity markets.
Govt announces new Sovereign Gold Bond issues for December and February. 8 things to know
The sovereign gold bond scheme was launched in November 2015 to reduce the demand for physical gold and shift a part of the domestic savings -- used for the purchase of gold -- into financial savings.
Govt to issue sovereign gold bonds tranche in Dec, Feb
The SGBs will be sold through scheduled commercial banks (except small finance banks, payment banks and regional rural banks), Stock Holding Corporation of India Limited, Clearing Corporation of India Limited (CCIL), designated post offices, National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
ETMarkets Smart Talk: Policy reforms and infra spending will pick up if Modi govt is back to power in 2024: Rajesh Kumar Jain
The US & Europe which is 42% of the Global GDP and if they would go through a recession in this year as projected by most of analysts, then somewhere the growth across the globe will take a back seat.
ETMarkets Smart Talk: Deploy 50% in largecap equities & 30% in govt bonds, 10% in gold & rest in cash: Siddarth Bhamre
By now most of us know that the SVB fiasco was a clear case of asset-liability mismatch. Smaller the bank higher the chances of ALM when any asset class shows an unusually large move -- in this case it was ‘interest rates’.
Nirmala Sitharaman removes income tax benefit given to debt mutual fund investors
As of now, investors in debt mutual funds pay income tax on capital gains for a holding period of three years according to their tax slab. Those with investments of more than 3 years are taxed at the rate of 20% with indexation benefits or 10% without indexation.
Here's how Budget 2023 may change LTCG, STCG on stocks, mutual funds, gold and property
The provisions in income tax laws governing capital gains tax are wide and varied and may get confusing for a common man. At present, there is no consistency in tax rates or holding period for calculation of capital gains on different types of capital assets falling within the same asset class.
Amfi asks govt for preferential tax treatment for Gold ETFs, FoF
Alternatively, AMFI has suggested that holding period to avail long-term capital gains taxation in respect of Gold ETFs (exchange traded funds) should be reduced from existing three years to one year.
Govt doing the best it can under the circumstances: Mythili Bhusnurmath
“The market has had a slightly knee-jerk reaction to the imposition of import duty on gold and export duty on fuel. I think it is a tough job to govern a country like ours, especially when there are so many uncertainties. We will have to give the government a little bit of a long rope and say perhaps it is the best they could do in these circumstances.”
Govt mobilises Rs 31,290 cr from Sovereign Gold Bond Scheme: FM
With the main objective to develop an alternate financial asset and as an alternative to purchasing/holding of physical gold, the SGB Scheme was notified by the Government of India on November 5, 2015, Sitharaman said in a reply in Lok Sabha.
The SaaS gold rush
In today's ETtech Morning Dispatch newsletter: BrowserStack have become the most-valued Indian SaaS startup; Twitter's tussle wih the government hots up; and Facebook co-founder bets on Pharmeasy amid Tata-1mg deal.
As bond prices surge, should investors be worried?
Rising yields of benchmark government securities across global markets has remained the most discussed subject in recent weeks, triggering concerns not only in bond markets alone but other asset classes as well.
Govt offers discount to subscribers of gold bond scheme using digital mode
The Centre in consultation with the Reserve Bank of India will allow discount of Rs 50 per gram from the issue price to investors using the digital medium for subscription.
Sovereign Gold Bonds' issue open until Friday, have you invested?
SGBs come with a maturity period of eight years, with an exit option after the fifth year.
Govt to issue sovereign gold bonds starting April 20
"The Bonds will be restricted for sale to resident individuals, HUFs, Trusts, Universities and Charitable Institutions," the central bank said.
Govt rolls out 6th tranche of gold bonds; fixes issue price at Rs 3,835 per gram
The maximum limit of subscription is 4 kg for Hindu Undivided Family.
How RBI's surplus to govt will impact fiscal deficit and bond markets
The larger than anticipated capital windfall should ease the fiscal worries to a large extent.
Govt fixes Rs 3,119 per gram price for next series of gold bonds
The Sovereign Gold Bonds 2018-19 (Series IV) will be opened for the period December 24-28, 2018.
Govt will begin gold bond sale in festive season
Price of the bond will be fixed in rupees on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association
Govt fixes Sovereign Gold Bond rate at Rs 2,961/gram
The government, in consultation with the Reserve Bank, has decided to offer a discount of Rs 50 per gram to investors applying online and making payments digitally.
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