Consequences Financial News

Gifting manners during festivals have changed. However, not all have succumbed to the new-age glitzy gifting styles picked and decided in tune with marketing gimmicks and easy gifting options. However, some people still prefer the old-school line of thought when it comes to giving and receiving gifts in gold and silver. As our old people say, “Trends may change but values never change". Each day of the festival, commencing from the onset of Navaratris and extending until Diwali, brims with profound significance and symbolism.

(This story originally appeared in on Oct 19, 2023)

“Geopolitical events tend to have long-term consequences. However, these challenges are difficult to quantify for the equity markets,” says Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS. In an interview with ETMarkets, Kulkarni said: “More often than not, these challenges eventually manifest in the form of higher inflation, say higher crude oil prices, in this instant” Edited excerpts: October is turning out to be a roller coaster ride for investors in equity markets. Will geopolitical concerns have a long-term impact on equity markets if things escalate? Geopolitical events tend to have long-term consequences. However, these challenges are difficult to quantify for the equity markets.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Click here! A study by the National Institutes of Health involving 33,500 women in the US, suggested that women who use straightening products often face more than twice the risk of developing uterine cancer than those who do not, and they also have a harder time conceiving a baby. The study also noted that roughly 60% of the participants who reported using straighteners in the previous year were self-identified Black women.

Tiger Woods has revealed the lineup for his highly-anticipated Hero World Challenge, set to take place at Albany Golf Club in the Bahamas during the first weekend of December. However, the legendary player Woods is not party of the line up that was revealed recently. Despite, speculations, Woods name was not present in the list.

mutual funds through SIPs with monthly collections surging past the Rs 16,000 crore mark. However, there are still many myths surrounding this mode of investment into risk assets. Do sips offer guaranteed returns? Often illustrations for SIPs show past returns for tenures of 5-10 years, where returns could range between 10% and 20% annualised based on the type of equity fund chosen. However, this does not mean that these returns are guaranteed. Money managers point out that SIPs are merely a mode of investing in mutual funds, where a fixed amount is invested on a particular date every month. About 90% of the SIPs go into equity-oriented mutual funds in which case the money is deployed in the stock markets, which carry a degree of risk and volatility. Since returns from stocks are not guaranteed, consequently returns from SIPs are not guaranteed either. Can sips be done only in equity funds and are they meant only for retail investors? A SIP can be done in any mutual fund scheme — be it equity, debt, gold or an international fund. While a minimum SIP amount in most cases is Rs 500 per month or Rs 1,000 a month, there is generally no upper limit and it can be done even by rich investors. It is a method of investing in mutual funds and imparts discipline while investing; so it can be used by all investors.

The Fed has been investigating the pros and cons of a digital dollar for several years, publishing a discussion paper on the issue in January 2022. At a Harvard Law School event on Tuesday, Bowman argued that the US has a "safe and efficient" payments system that is already evolving with "responsible innovations, notably the recently-launched FedNow. She continued: "Future innovations may further build upon these services to more effectively address payment systems frictions and financial inclusion. It is quite possible that other proposed solutions may address many or all of the problems that a CBDC would address, but in a more effective and efficient way." Meanwhile, a retail CBDC could have unintended consequences for the US banking system and considerable consumer privacy concerns, said Bowman. "If not properly designed, a CBDC could disrupt the banking system and lead to disintermediation, potentially harming consumers and businesses and presenting broader financial stability risks." Despite her scepticism, Bowman said that she sees value in continuing to research CBDCs, noting the "interconnected and global nature of the financial system".

NEW DELHI : The Supreme Court on Tuesday refused to grant legal recognition to same-sex couples and said only Parliament and state legislatures can validate marital unions in a ruling that disappointed millions of lesbian, gay, bisexual, transgender and queer (LGBTQ+) people in India. By a 3-2 majority, the court also declined to grant constitutional protection to civil unions and adoption rights for queer couples, noting that mandating the state to grant recognition or legal status to some unions will violate the doctrine of separation of powers and could lead to unforeseeable consequences.

Supreme Court judgment delivered on 27 July 2022 examined the validity of the PMLA in its entirety. “In that matter, ultimately we will finalize the nitty-gritty on whether the earlier bench of three judges covered all provisions or something has to be addressed," a bench led by Justice Sanjay Kishan Kaul said in September while fixing the date for the hearing. Exciting news! Mint is now on WhatsApp Channels.

Congress MP Rahul Gandhi has moved the Bombay High Court seeking to quash a defamation complaint filed against him over his remarks allegedly linking the Rashtriya Swayamsevak Sangh (RSS) with the 2017 murder of journalist Gauri Lankesh. The case against him can not be clubbed with that filed against Communist Party of India (Marxist) leader Sitaram Yechury as they made the statements in question on different occasions and belong to two different parties with distinct or even opposite ideologies, Gandhi's petition said.

₹35 lakh in metropolitan centres (with a population of 10 lakh and above) and up to ₹25 lakh in other centres… provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed ₹45 lakh and ₹30 lakh, respectively." The remaining loans are non-priority loans. In the months leading up to May 2022, priority sector housing loans formed around 35-36% of the overall outstanding housing loans of banks. By June 2023, they had fallen to 31.5%, implying that banks are giving out more non-priority housing loans.

Sunaina Mittal has never let out any property to anyone in her entire life. But last year, while checking details on the income tax portal, she found that her Permanent Account Number (PAN) was misused by someone to claim fake HRA tax exemption. Surprised, she filed an RTI application before the Central Public Information Officer (CPIO) of the Income Tax (IT) Department to find out details of the person who had wrongly used her PAN to claim HRA.

Ways of Being. By James Bridle. Farrar, Straus and Giroux; 384 pages; $30.

I had bought a flat in 1992 and want to sell it now. To calculate the indexed cost of acquisition, the cost inflation index (CII) is available only from 2001-2. How do I get the index for earlier years? Preeti Khurana, Director of Advocacy and Regulations, ClearTax: Many taxpayers were facing difficulty in computing capital gains using 1 April 1981 as base due to the non-availability of relevant information.

UBS managing director and senior portfolio manager Jason Katz discusses whether the U.S. stock market is ignoring the threat of a wider Middle East war on 'Varney & Co.'

₹3 trillion, up from last year’s ₹2.5 trillion. September data on fast-moving consumer goods (FMCG) from retail technology platform Bizom indicated strong pre-festive stocking, especially in rural markets. Sales of FMCG were up nearly 5% in September versus a year ago; but down 2.3% year-on-year for the September quarter.

The federal government was forced to acknowledge the potential risks of climate change on the value of sovereign bonds as it settled a landmark case on Monday that alleged it had misled or deceived investors, and the Federal Court judge involved said global warming would likely be “a huge drain on Commonwealth resources”.

LONDON (Reuters) — U.S. Treasury Secretary Janet Yellen said on Monday it was too early to speculate on the economic consequences of the Israeli-Palestinian conflict, and that the impact would depend on whether the conflict spread to the wider region.