When the Interim Budget was being delivered, many were jubilant as the government had taken care of the middle class, farmers and workers. Stock markets were buoyant, on announcement of tax sops for the Middle Class. Only when it became clear that it was not a change in the tax slab and it was only a rebate, reality began
"It has been decided that Bank of India (BoI) and Bank of Maharashtra (BoM) which meet the regulatory norms including Capital Conservation Buffer (CCB) and have Net NPAs (non-performing assets) of less than 6 per cent as per third quarter results, are taken out of the PCA (prompt corrective action) framework subject to certain conditions and continuous monitoring."
Systematic Investment Plans (SIPs) allow you to invest small amounts each month, which can be as small as Rs 500. These SIPs have given returns more than bank deposits in the last 3 years, though returns are never assured. Here are some of the SIPs, which are rated well. Here are few of the SIPs that you can buy.
Markets are unlikely to have a runaway rally in the next few months, given that we have the General Elections in May.
All kind of predictions are holding, with even many now predicting the possibility of a weak coalition. The outcome of the elections remains difficult to predict and hence it is good to look at stocks with a good dividend yield. Her