Finvest : Finance Club of ITS

Investment Avenues
1. Deposits
a) Bank Deposits
b) Post Office Deposits
c) Company Fixed Deposits
2. Government Savings Schemes
a) Public Provident Fund (For save tax, get benefit under Section 80C of Deduction)
b) Senior Citizen's Saving Scheme
c) NSC (National Savings Certificate)
3. Money Market Instruments
a) Treasury Bills
b) Certificates of Deposit
c) Commercial Paper
d) Repos
4. Bonds or Debentures
a) Govt. Securities
b) PSU Bonds
c) Debentures of Pvt. Sector companies
d) Preference Shares
5. Equity Shares
a) Blue Chip Shares (Best to invest, as risk is low based on personal experience)
b) Growth Shares
c) Income Shares
d) Cyclical Shares (price is affected by ups & downs in overall economy)
e) Speculative Shares (Extreme Risk with possibility of extreme return)
6. Mutual Funds
a) Equity Schemes
b) Debt Schemes
c) Balanced Schemes
7. Life Insurance
a) Endowment Assurance Policy
b) Money Back Policy
c) Whole Life Policy
d) Term Assurance Policy
8. Retirement Products
a) EPF Scheme, 1952
b) EPS, 1952
c) NPS, 2004
9. Real Estate
10. Precious Objects
a) Gold & Silver
b) Precious Stones
c) Art Objects
11. Financial Derivatives
a) Options
b) Futures
Note:- Best option to invest is Index Fund- Highly Recommend (without having a knowledge of stock market, with low risk) growth rate is 40,000% from the year 1979 (₹100) to 2019 (₹40,000 approx.)

HIGHLIGHTS OF BUDGET 2019

*Tax*
1. Within 2 years, Tax assessment will be done electronically
2. IT returns processing in just 24 hours
3. Minimum 14% revenue of GST to states by Central Govt.
4. Custom duty has abolished from 36 Capital Goods
5. Recommendations to GST council for reducing GST rates for home buyers
6. *Full Tax rebate upto 5 lakh annual income after all deductions.*
7. Standard deduction has increase from 40000 to 50000
8. Exempt on tax on second self-occupied house
9. Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000
10. Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000
11. Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.
12. Benefit u/s 80IB has increased to one more year i.e. 2020
13. Benefit has given to unsold inventory has increased to one year to two years.
*Other Areas*
14. State share has increased to 42%
15. PCA restriction has abolished from 3 major banks
16. 2 lakhs seats will increase for the reservation of 10%
17. 60000 crores for manrega
18. 1.7 Lakh crore to ensure food for all
19. 22nd AIIMS has to be opened in Haryana
20. Approval has to be given to PM Kisan Yojana
21. Rs. 6000 per annum has to be given to every farmer having upto 2 hectare land. Applicable from Sept 2018. Amount will be transferred in 3 installments
22. National kamdhenu ayog for cows. Rs. 750 crores for National Gokul Mission
23. 2% interest subvention for farmers pursuing animal husbandry and also create separate department for fisheries.
24. 2% interest subvention for farmers affected by natural calamities and additional 3% interest subvention for timely payment.
25. Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs
26. Bonus will be applicable for workers earning 21000 monthly
27. The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs. 3,000 with contribution of Rs. 100 per month for workers in unorganized sector after 6

Instagram is the new hit among political parties as they try to engage millennials
While all the spotlight has been on Facebook, WhatsApp and Twitter in India’s ‘like’ wars, Instagram, the Facebook-owned photo-sharing app, has quietly emerged as an important platform for India’s political parties ahead of the 2019 general elections.

Last week, the ruling Bharatiya Janata Party’s (BJP) “Good Governance Department” or Sushasan Vibhaag, launched an Instagram handle (), that was being aggressively pushed out on the party’s WhatsApp groups, besides those created by its supporters. The handle typically shares infographics highlighting the achievements of the National Democratic Alliance government over its four-and-ahalf-year stint at the Centre.

Get ready for Casethorn....!!

Warburg Pincus invests Rs 520 crore in Fusion Microfinance
Private equity investors led by US based Warburg Pincus LLC has acquired a significant minority stake in Fusion Microfinance, the New Delhi-based mid-sized non-banking financial company (NBFC) for Rs.520 crore ($ 75 million). Creation Investment, an existing investor, has also participated.
Warburg has acquired stake from existing investors along with a primary funding into the company. Fusion is backed by global investors such as Creation Investments Capital Management, the Netherlands-based Oikocredit International, Spanish fund GAWA Capital, Belgium's Incofin Investment Management, Belgian Investment Company for Developing Countries (BIO) and SIDBI.
This is Warburg’s second investment in financial services space in 2018 in India, after its acquisition of 26% stake in IndiaFirst Life Insurance in June and first investment in microfinance sector.

Reliance JioMusic-Saavn merger: Four things to know

country’s growing digital music industry, Reliance Jio will merge its JioMusic with streaming services provider Saavn, Bloomberg reported. The company expects that the merger deal, Reliance Industries, the parent company of Reliance Jio, will hold 81.7 percent stake in Saavn. Reliance Industries will acquire stakes from Tiger Global Management, Liberty Media and Bertelsmann in New York-based Saavn for Rs 676 crore.
Here are the key things to know:

1) Another Rs 130 crore will also be invested by Mukesh Ambani-led company in order to make the new entity one of the largest streaming services in the world.

2) Saavn holds rights over 36 million songs in 15 languages.

3) Saavn’s three co-founders namely Paramdeep Singh, Rishi Malhotra, and Vinodh Bhat will continue leading Saavn.

4) According to company’s release, Reliance has a goal to create a media platform that enjoys an international reach, original content from across borders.

How big is Paytm Mall’s loss? It is bigger than govt’s bullet train budget for this year.
The Narendra Modi government earmarked an amount of Rs 1,800 crore for the ambitious Mumbai-Ahmedabad bullet train project this year; Paytm Mall’s loss in the financial year 2017-18, its first full year of operation, was slightly bigger than that at Rs 1,805.6 crore.
Paytm had spun off a separate e-commerce entity in FY2017, which posted a hefty loss in its first operational year, which was bigger than government's bullet train budget for this year.

The government is planning an urgent infusion of more capital into public sector banks to push credit flow as it worries that liquidity constraints faced by non-banking finance companies may have hit growth.
The amount to be given to the banks could exceed the Rs 42,000 crore left under the capitalisation plan currently being implemented, said a government official aware of the deliberations

Lenders under the central bank’s Prompt Corrective Action (PCA) framework may appear relatively inactive to a casual observer, but they are changing their operating remit and competing with private banks for the lucrative retail pie rather than lumpy corporate loans. Although total loans for such lenders have shrunk over the past six months, they are competing with the likes of ICICI Bank and HDFC Bank for home loans and car loans, wresting market share.

Microsoft surpasses Apple to become most valuable US company
Microsoft has become the most valuable US company with $753.3 billion in market capitalisation , riding past Apple for the first time since 2010.
Apple which became the first $1 trillion US company.
The investors are now betting big on companies with robust Cloud services and software services which are witnessing an increased demand from big and small enterprises the world over for their digital journey, at a time when giants like Facebook and Google face intense scrutiny for users' data practices.

Paytm Partners With LIC For Insurance Premium Payments
Paytm (One 97 Communications Limited) has partnered with the Life Insurance Corporation of India (LIC) to offer online insurance premium payments on its platform. Softbank-backed Paytm will provide premium payment solutions from over 30 insurance companies including LIC, ICICI Prudential Life, Reliance Life, and Max Life Insurance among others.

World Bank Inks $172 Million Project Agreement With Andhra Pradesh
The Central and Andhra Pradesh governments and the World Bank have signed the loan agreement for a $172.20 million project to enhance agricultural productivity, profitability, and climate resilience of poor and marginalized farmers in Andhra Pradesh.

The projects seek to ensure that farming continues to remain a financially viable activity. The Andhra Pradesh Integrated Irrigation and Agriculture Transformation Project (APIIATP) will be implemented in rural areas largely dependent upon rain-fed agriculture.