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In an exclusive episode of ETMarkets World View, Abhishek Banerjee ofLotusDew Wealth opens up about Indian sectors with potential, the RBI governor's stance on GDP growth, and much more. Recently, India recorded a current account surplus of $5.7 billion. What does it say? India was also included in the JPMorgan bond index recently. What key changes should we be aware of? Abhishek Banerjee: India's current account surplus is noteworthy because historically, India has been a current account deficit country, importing more than exporting. This deficit typically keeps the currency weaker to make exports more attractive and imports more expensive, which supports export-driven sectors like pharma and IT services.

I am purchasing a house from joint owners. One owner is an NRI, and the second is an Indian resident. The sale consideration is Rs58 lakh. I need to pay 50% to each seller. I know I can deduct 1% TDS on payments made to the resident Indian, but I am confused about the tax to be deducted on payments made to the non-resident joint owner. Can you please guide me?The provision of tax deduction@ 1% under Section 194-IA for purchasing a property is applicable when the seller is a resident, and the property's value exceeds ₹50 lakh.

What does retirement mean to you? It’s a question without a simple answer. Retirement isn’t solely about reaching a certain age or dealing with illness; it can be an escape from the daily routine whenever you choose.

Mobile insurance has become increasingly essential given the pivotal role smartphones play in our daily lives. With our heavy reliance on them for communication, work, and entertainment, the prospect of losing or damaging a smartphone can indeed lead to significant disruptions. 

Section 80D of the Income-tax Act of 1961 allows for the deduction of certain medical expenses and premiums for health insurance policies from your taxes. The limit under section 80D has remained unchanged for the past several years. Taxpayers who have opted for the old tax regime are hoping for an increase in the limit under section 80D in the upcoming Budget scheduled for July 2024, considering the significant rise in healthcare costs. Documents required for ITR filing: 10 documents you need to file income tax return «India faces a severe issue with inadequate insurance. When a family's primary earner passes away, the money left for the survivors to live and settle debts is usually less than nine percent of what's actually needed. Changing tax sections 80C and 80D to provide separate tax breaks for the life-threatening risk part of term life plans could help close the gap in death risk coverage and enhance social security,» said Satishwar B., MD and CEO, Bandhan Life.

Pranav Gundlapalle, Senior Research Analyst, Sanford C Bernstein, says expects private sector banks to outperform the public sector banks from now onwards, both in terms of the EPS growth numbers or even the fundamental metrics. What has not helped them from a stock price perspective has been the foreign outflows. So, with FII inflows potentially coming back, they would stand to benefit the most. What would the Indian bond inclusion in the JP Morgan Global Bond Index mean for the money market and the flows? How meaningful could it be for the interest rate environment in India?

India is attracting more and more German companies to the subcontinent. Nearly six in ten German companies are planning to increase their investments in India during the current financial year. In addition, 78% of companies expect rising sales, and 55% forecast higher profits. Expectations for the next five years are even more positive: 82% expect an increase in turnover and 74% expect higher profits.

Insurance is a critical factor that can help to mitigate the risks that are associated with the occurrence of any event in the economy by offering financial coverage to individuals and businesses. Whether you are buying insurance for yourself and your family or for a business, it should be a well thought through process and involve critical analysis of the risks we are seeking protection against.

Chakri Lokapriya, Managing Partner, RSB LLP, says ICICI among the private banks is still ahead. In terms of HDFC, there is still time to get onto the bus. Despite their merger integration and cost of capital issues, it is still a great bank. It has acquired another big home loan provider and it will take time. So, we will still wait on the sidelines until their cost of capital and merger-related issues are all sorted out. Lots of consolidation is taking place within the entire cement sector, in particular with the news on UltraTech and India Cements. How are you reading into this news? Chakri Lokapriya: UltraTech is the market leader at about 200 million tonnes.

Donald Trump has said his administration opted out of the landmark Paris Climate Accord in 2017 as it was a «rip-off» which would have cost Washington USD 1 trillion, as he claimed that India, China and Russia weren't paying for it. Trump, the presumptive candidate of the Republican Party, made the claims at the first of presidential debates with his Democratic Party rival President Joe Biden on Thursday, where the two 2024 presidential candidates sparred over the state of the economy, border, foreign policy, abortion, national security and climate change. During their roughly 90-minute debate marred by personal attacks, Trump, 78, claimed that the Paris Climate Accord would have cost USD 1 trillion and the US was the only country that had to pay.

gold in the last one week has been 1.6% .whereas in the last month it has been 1.53%.The cost of silver is Rs.87220.0 per kg up by Rs.100.0 per kg. Gold Price Today in Delhi is ₹73533.0/10 grams. Yesterday’s Gold Price on 27-06-2024 was ₹73532.0/10 grams.

Review Your Current Health Insurance Policy: Start by thoroughly reviewing your existing health insurance policy. Check for maternity coverage details, including waiting periods, coverage limits, and any exclusions related to pre-existing conditions.Understand Waiting Periods: Many health insurance policies have waiting periods specifically for maternity coverage. This means that you may need to wait for a certain period after purchasing the policy before being eligible for maternity benefits.

Gold prices edged lower on Friday but were headed for their third consecutive quarterly rise, while investors looked toward key U.S. inflation data due later in the day that could throw some light on the Federal Reserve's stance on interest rate cuts. FUNDAMENTALS

Selecting a health plan for kids with special needs Khare has decided to appoint herself, her husband, and two close relatives as trustees to look after her son. "The second line of trustees could be sons and daughters of our siblings, but we never know who would move abroad or stay in India. or be in the same city where my son lives.

Earth or passing near it, this warning is more serious. It will come closer to the Earth in a few hours and you may be one of those fortunate people who may watch it. As asteroid 2011 UL21 is likely to come near us on June 27, you may get ready to watch it. According to SpaceReference, this asteroid orbits the sun once every three years and is estimated to be somewhere between 1.1 and 2.4 miles wide. According to the European Space Agency, it is one of the known near-Earth asteroids. In a statement issued earlier, Virtual Telescope Project Scientific Director Gianluca Masi said that minor planets are those that are larger than 140 meters and can come within 7.5 million kilometers from the Earth. He also said that only the largest asteroids capable of approaching close enough to our planet are flagged as PHAs. They may not hit us, but better monitoring is required.

Baltasar Kormakur. Known for gripping films like 'Everest,' Kormakur now explores a poignant tale of human connection based on Olafur Johann Olafsson’s bestselling novel. "Touch" follows Kristofer, played by Egill Olafsson, a widower on a quest to rediscover lost love. Set across decades and continents, Kristofer embarks on a journey through memories and across the globe to reunite with someone he thought was gone forever. The film stars Koki, Palmi Kormakur, Masahiro Motoki, and Yoko Narahashi in pivotal roles, as reported by 'Collider.'

Tipi Penthouse Suite is available for guests to stay in during this year's Glastonbury Festival. This five-day suite, which costs £28,000, has five double bedrooms, a dining area, and an en suite shower room. At an additional cost, it can accommodate up to six guests over its initial capacity. Exclusive features of the Tipi Tenthouse Suite include an a la carte restaurant and a spa with saunas, pools, and hot tubs. It has big windows, wooden doors, and a carpeted floor for extra comfort. Deckchairs are available for guests to lounge on while they take in the British summer weather.

Luffy and Bonney, in their transformed states are cheered wildly. The giants while cheering the duo became optimistic about their future as ‘Nika’ figures have inspired hope and triggered admiration among them. But, Saint Marcus Mars expressed doubts about their forms, which he said were only clever tricks, and said that their transformation was a fake one. In an attempt to prove that his transformation is real, Luffy transforms himself into a giant balloon. It was also an effective defensive maneuver reminiscent of his 'Gear 4: Tankman form.'

A looming strike at WestJet “couldn’t be worse timing” for hundreds of thousands of Canadians who booked a trip with the Calgary-based air carrier over the July long weekend, according to travel experts.

Missouri Gov. Mike Parson says he expects the state to put together an aid plan by the end of the year to try to keep the Kansas City Chiefs and Royals in Missouri

India is keen to fast-track longstanding talks with Sri Lanka on setting up a power grid link between the two neighbours for electricity trading, especially renewable energy. The aim is to eventually sign a memorandum of understanding between state-owned Power Grid Corporation of India and Sri Lanka's Ceylon Electricity Board, said people familiar with the matter. «Discussion is still going on with the Sri Lankan government on the grid connectivity project,» an Indian government official said. The grid connectivity project is being planned through both overhead and under-sea cables, a second official added. Power Grid didn't respond to ET's queries.