In the social media-driven age, most of us would have come across memes relating to the stock of ITC Limited. These are mainly fuelled by the fact that despite being one of the favourite stocks of the fundamental analysts, the stock price has been relatively flat as compared to the market as a whole. Here …
The Bad Bank Takes Over – All You Need to Know
On 16th September, the Finance Minister Nirmala Sitharaman announced the plans for a bad bank - National Asset Reconstruction Co Ltd. But let's not start this story from the end and have a look at what it means. During the budget earlier this year, the FM had announced -" The high level of provisioning by …
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Union Budget 2021- Key Takeaways – Everything You Need to Know
The Union Budget of 2021 had everyone’s attention as the country was recovering from the economic impact of pandemic and lockdown imposed consequently. Though the recent IMF forecast for India’s GDP growth was a positive, it was to be seen whether the budget would prove to be a catalyst or hindrance to such growth. The …
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The Fall of Lakshmi Vilas Bank
News is abuzz with the recent downfall of Lakshmi Vilas Bank. An incident that has again shook the confidence of the public in Private sector banks, after the Yes Bank Fiasco not too long ago. Let us try and understand the series of events that led to the current diabolical situation that the bank has …
Taxation for Contractual Employees and Freelancers
There is often a certain level of confusion when it comes to contractual employees to file their returns. Do they show their income under head salaries or show under some other head? So income under head salaried is recorded only when there is an employer-employee contract. TDS for the same is deducted u/s 192. However, …
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The Financial Lens 