Finance & Economics Club, BML Munjal University

Finance & Economics Club, BML Munjal University

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F&E Club is a student driven initiative whose basic idea is to generate and cultivate student interest in finance and economics as an academic discipline.

Everything about GST – News Capture 24/01/2016

In the Budget Speech of 2005-06, P. Chidambaram as Finance Minister of India, had set the goal of a Goods and Services Tax (GST). According to him, the fundamental objective of GST is to redeem the promise of Article 301 in Part XIII of the Constitution of India: “Subject to the other provisions of this Part, trade, commerce and in*******se throughout the territory of India shall be free.”

Everything about GST – News Capture

01/11/2015

Halloween Strategy

An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market until October 31, in order to increase capital gains. The Halloween strategy is based on the premise that most capital gains are made between October 31 (Halloween) and May 1, and that the other six months of the year should be spent investing in other investment types or not at all.

18/10/2015

Recent in economy-:

1) Tata consultancy services (TCS) net profit up by 16% at a 6,055 crore for the second quarter ended September 30.
2) BSE has become the fastest stock exchange in the world , said Managing Director and CEO Ashishkumar Chauhan on Wednesday.
3) Finance Minister Arun Jaitley has been named as the Finance Minister of the year , Asia ‘, for his contribution in India’s relative economic success in last 18 months.
4) The finance ministry said that deposits in accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme are now worth over a 25,000 crore.
5) Investment in India via Participatory Notes (P-Notes) slipped to 2.53 crore ($39 billion) at the end of august according to SEBI.
6) According to ‘Attractiveness Survey’ – India 2015 , Ernst and Young (EY) has been rated as India’s market for investment during the next three years.
7) Gold prices increased by Rs 385 closing at two week high of Rs 27,185. Silver prices also posted hike by Rs 500 to close at Rs 37,300 crore per kg.
8) According to the data on wealth by Credit Suisse , 53% of India’s wealth is owned by richest 1% Indian’s.
9) FM, Jaitley introduced measures to reduce prices of pulses which hit record high of Rs 190 per kg after a disappointing monsoon season.
10) Wholesale prices decreased by an annual 4.54% for the month of September , falling for the 11th straight month.

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