One of the Famous Investor and chairman at O’Shares Investments O’Leary said “At the end of the day, dividends are the mother’s milk of investing”. Dividend income is one of the best sources of passive income one could earn being in the capital market. There are two types of gains equity investors hope to earn […]
LIC Revised Vaya Vandana Yojana Pension Scheme for Senior Citizen
After the Finance Ministry instructions, the LIC (Life Corporation of India) has extended the validity of Senior Citizens Pension Scheme (aged 60 and above) namely Pradhan Mantri Vaya Vandana Yojana by 3 years i.e. by March 31, 2023. The pension scheme was earlier valid till March 31, 2020 which is now extended by three financial […]
7.75% RBI Bonds (GOI Bonds) Features and Taxability
For the Quarter April to June 2020, the Government has reduced interest rates of almost all of its small savings schemes. PPF (Public Provident Fund) interest rate reduced to 7.10% from 7.90% while SCSS (Senior Citizen Savings Scheme) saw rates down to 7.40% from 8.60%, also all the Bank and Post office FDs (Fixed Deposits) […]
Is Stock Dividend Taxable Income in India
Taxability of Share Dividend Income in India What is a Dividend? A Dividend means any sum received by a shareholder in proportion to this shareholding in the company out of the total sum distributed by the company. As per section 2(22) of the Income Tax Act, the definition of dividend is an inclusive definition and […]
Government Pension Scheme for Senior Citizens, Workers and Traders
In the past few years, the Government of India has launched several pension schemes targeting the Indian population employed in unorganized sectors such as small traders, masons, painters, carpenters, plumbers, etc. and senior citizens. The main motto behind the Government Pension Scheme is to financially safeguard the post-retirement life of the people who are not […]
How much gold in investment portfolio to protect against market crash like 2008?
Buying Gold for investment purpose is not considered a good strategy because neither does the Gold gives handsome returns nor the dividend as equity investment gives. Warren Buffet has termed Investment in Gold is “Stupidity”. However, each time when the gold prices surges and market plunges, there is a talk about “hedging portfolio through Gold”. […]
Sukanya Samriddhi Yojana – Sovereign Term Deposit Scheme for Girl Child
Sukanya Samriddhi Yojana Updates Aiming to promote “Beti Bachao, Bet Padhao” campaign, The Government of India had started Sukanya Samriddhi Yojana as one of the most successful small savings scheme dedicated purely towards social security and betterment of girl child. The scheme is curated in such a manner that each and every class of person […]