NEW NORMAL

  Nowadays whichever business paper we see, one thing is common a full or half-page ad with details of an IPO. A few had already raised funds in 2021 and many are lined up for the same. Here one thing is common that each IPO is fully subscribed fully or more. Though the new version of covid 19 is growing in many parts of the country. Few have seen lockdown either partial or full depending upon the situation there. Also, petro prices and WPI so CPI is in the upper band. Both are contrast but it is true that economy and business confidence is increasing day by day. All new sets of policies are being adopted by companies, to do business. Here we have to see that our present condition is a mix of both excitement and dullness. But if we talk to people they are more confident that we will thrive out of it in near future. If we check the no. of enterprises be it MSME or large investment is as per plan. No one is thinking to stop the plan from execution. A few days back in our blog we had ...

 A few days ago an incident happened, one of our customers called to stop the SIP to pay his EMI of home loan. Another incident was to clear  Mediclaim premium. Last year was very painful for each and everyone due to pandemics. So such things happened, which is quite usual. But we see the pattern one thing is commonly visible, that we have no plan and calculation for such unforeseen events. Normally, a life full of ups and downs. We increase our burden in uptime. & in the downtime, we try to meet the obligations that were taken from time to time. In the process majority of people changes the track. Or all together abandon the target or goal. As said above the majority of people do not want to plan for life or even if they plan, willpower to sustain is very rare. It is good to have an advisor who can guide you in the time of need and at the time of plenty to check. Even if you are capable of handling all yours goals. A second opinion is always a good option. The customer wa...

 The recent budget has one provision regarding the volunteer contribution, which states that above  Rs. 2.5 L of contribution is now taxable. Until now it was a tax-free investment with a Sovern guarantee. As PF is handled by the Government or Trust which follows the strict rules of the Government. It was one avenue that was used by High Networth individuals to get risk-free returns without any locking period or where redemption and investment are not fixed, in comparison to other products. In simple words, it was a lifetime product or a whole life product for them. Now after the budget provision, the tax-free return is over.  Here there are other options which one can think of. One is NPS, here one can choose the secure or balance option out of the six options available. One will get a tax deduction under 80CCD(1B). Here one will not get maturity or redemption tax-free. Also, the annuity is taxable. Another option is a Fixed deposit of any Bank or Corporate deposit. It i...

 A few years back financial experts use to say even if there is no government  India will still grow That time we had multiple issues in governance. Policy paralysis and political instability were major concerns. Now in the last six years, we have seen governance issues get sidelined but there are policy decisions that getting executed. There is still a lot going on in the market, but one change we noticed but yet to see the changes in the ground. The decision to take budget making and getting it cleared by parliament by the end of March of every year. More precisely by 31st March every year. Up to 2018, we had a similar process, but the time to complete the whole thing used to take the end of April every year. This means we had only six months to complete the project for a whole year. Let's understand the budget process, pre-budget consultation, budget making, and presentation. After this budget is discussed in parliament along with the standing committee of each ministry. Th...

 Five years ago we started our journey on Vasant Panchami, with the aim to give services which are actually in need of everybody. That was a time when we had no roadmap to achieve our targeted goal. Subsequently, we have added more products for our esteemed customers. Today when we have completed the journey of five years, everything which we saw is just the best experience of life. There is a good and bad instance in the journey but it was needed to bolster our determination. Now we are moving to the sixth year of our journey we are confident of achieving goals that we set for ourselves also for our patrons who stayed with us throughout the journey. Our offerings are ever-increasing for retail and corporate clients. But this is not just a statement from our side but it is actually happening with us.  There is a demand for different services from you and we are proud that we are actually delivering the same desired by you. The required ecosystem and processes which are the bac...

 Last week we saw a few things in the new budget Now we will conclude this with a few things which will impact us positively soon. As the startup ecosystem is being developed by the government, the system took only one view of funding, and then the tax regime came into the picture, for the exit of the funding organization. But one thing which is not gone with the regime is that in case of failure of enterprise what will be implications. Till now we are seeing most of the startups are proprietorship concerns, in case of failure funding agencies do not take it as a genuine failure but they start their usual recovery process with criminal proceedings. In the budget, LLP is being a failure will not be a criminal offense. It will be a civil offense, which will encourage more people to take risks. The risk and reward theory always works in its own way. One major announcement is that one person company notification will be issued shortly. There will be compliance, as more compliance more ...

 Just 48 hours back Finance Minister presented the budget for FY2021-2022. Lots of analysis is going on. We are listening from various sources to the pro and cons of the budget as well as the pluses and minuses of it. Before going forward we will look at the current condition of the economy first, the first indicator is GST collection for the month of Jan2021 it's an all-time high. In fact, if we see the total unlocking of the economy overall GST collection, as well as E-way bill, is increasing. Expert calls it to paint up demand or V shape recovery, but demand for goods and services was and is there in the market. But overall data which was released by  RBI from time to time showed resilience in the economy, During the covid-19 due to bumper crop, rural demand was there, after unlocking urban demand also came. First, there was job loss in the initial period but going forward it's not the main issue as rules relaxed business started running at a normal pace. Now the government...