Saket Kumar Singh (FinWealth)

• We believe that slowdown in growth (aftermath of demonetization) and expected soft inflation could probably leave room for rate cuts by the RBI, which could augur well for duration strategies in 2017.  • There were credit concerns on individual companies during 2016, however, improving credit ratio seems to indicate that we broadly appear to be in a credit upgrade cycle, though it could take time for credit cycle to pick up. Anticipated fall in the lending rates post the currency swap exercise (increase in bank deposits) would help to bring down cost of capital for Indian companies, which in turn may bode well for the improvement of the credit environment and thus benefit accrual strategies. The liquidity in the banking system has improved post demonetisation which would henceforth result in lower deposit and lending rates. • Given the cash rich nature of our economy, we could see some slowdown in the overall economic activity thereby weighing on the GDP growth.  • The trad

B anks are now cutting savings interests rates as money is with them without any hassel to attract the depositors. Since October 2011, most banks barring few private banks were offering interest rate of 4 percent in these savings accounts. However, recently, banks have started reducing interest rate on savings account. The first salvo was fired by none other than the country's largest bank. On 31st July, 2017, State Bank of India slashed its interest rate on savings account deposits by 50 basis points to 3.5 per on balance of Rs 1 crore and below. Subsequently, eleven more banks have reduced the savings bank account interest rate and more could be expected to follow soon. Here are some of the banks that have reduced rates from the earlier rate of 4 percent for most deposits .  As the case depicts the situation that it is not worthy to keep the money idle with the savings account instead parking with some prudent options keeping aside the 6 months household expens

GST implementation has already been in place on july 1st 2017 and here comes the deadline to file the returns. Every registered tax payer has to file gstr1,2&3 returns before the deadline but apart from that for the month of july and august two separate returns have been introduced in order to report consolidated information to the government whose last date was 20th august for the month of july and 20th september for the month of august. Recently it has been announced that due to certain reasons such as flood in certain areas as well as network issues with softwares, the due date of filing gstr3b return postponed till 25th of august for the month of july. This step is remarkable from the taxpayers point of view as most of the businesses are to be ready for this. Apart from these two extra returns for these two months ,each one us have to file Gstr 1,2 &3 for the month of july and august in the month of september itself. Gstin portal have been well modified and arranged

It may be observed by most of the individual in our country who are less inclined towards taking insurance policy at the time they are bachelor. insurance may be from past years has been termed or considered as the risk covering tool for dependent but this myth should be out from the mind of the individual earning for his/her own. it may a possibility that why should one take insurance when  he or she is unmarried but it may happen if their parents needs that more than they do, or may be in case of independent parents when their expense may increase by the time when you are not there to support. Insurance should not only be considered as the risk transfer or risk covering instrument while it should be a important part of ones financial plan and it is advisable by most of the financial advisors apart from health insurance and mutual funds. working couples even needs a policy as their expenses are to be covered when both are earning and savings are taken care of mutually but for u

Mutual fund investments are becoming popular among most of the individual specially in the working or salaried segments in the form of SIP or systematic investment plan. There are common myths or we can say that rumours about the MUTUAL FUND SIP , which are being clarified below:- 1. GAME OF RICH PEOPLE: mutual funds does not show partiality among the investors income group , any body with a minimum of RS. 500 can enter into the mutual fund SIP in any scheme and get benefited from its performance. 2. NOT TO INVEST WHEN MARKET IS HIGH:  it is nothing to do with the market movements when its come on MUTUAL FUND SIP as its the averaging cocept which nullify the risk of high and low market . mutual fund sip is meant for the long run which itself faces all the turmoils and flourish situations during its lifetime 3. CANT BE STOP WHEN STARTED: mutual fund sip can be stopped and redeemed any point of time during the investment period, need only the request letter from the investor

Retirement planning is a prudent planning in every individual life but we come to decide for the same when we are near to our retirements. so pity of those who ignored the time factor in their lives and started saving for their family and self at the time when it is to withdraw the savings. it's true saying that, whatever we sow, we will get the same in return along with interest. many factors impacts the time factor of investments when we talk about retirement planning. Out of which inflation and interest rate factor is of prime importance which goes on eating our savings worth so, if we not start early savings as well as appropriate avenue to plan the retirement then we will loose the potential of our hard earned money to generate interest for us. posted by, saket kumar singh (Founder) Lakshya wealth services