myfinology Profile picture
Feb 3 5 tweets 2 min read
Why the Indian Government keeps its employees from trading in the stock markets. 🤔🤔

A must-read thread! 🧵(1/5)

#government #StockMarket
Read the first tweet again.

Employees are discouraged from engaging in the "speculative buying and selling of shares".

Thus trading is outlawed, investing isn't.😋(2/5)
👉Speculative trading comes at a benefit to said employees as they might possess insider information about the concerned shares.

👉They might also earn undue influence on companies during the ordinary discharge of their duties. (3/5)
These rules are specified in the Central Civil Services (Conduct) Rules, 1964. (4/5)
So, if you are a government employee who wants to trade or just someone who is curious to find out ‘aisi nainsafi kyu’, follow the link. (5/5)

blog.finology.in/Legal-news/gov…

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More from @myfinology

Feb 5
A new "bad boy" in the Industry : BharatPe's #ashneergrover 🤠

A popular face of social media after his appearance as a panelist in #SharkTankIndia, Grover is in d limelight, but this time “it’s -ve publicity”!

Read d complete thread to know "What's the buzz all about?"

(1/17)
It all started on 5th Jan, when a call recording leaked into the public resulting in exposing an ugly side of the Shark.📞

Grover was found bashing an employee of Kotak Mahindra Bank for failing to gain a share of allocation for Nykaa’s IPO.

(2/17) Image
Grover claimed that the audio clip was “fake” but soon after this, Kotak issued a statement stating that the bank is pursuing “appropriate legal action” against BharatPe’s MD, Ashneer Grover, for the “inappropriate language” used in the call.

#AshneerGrovervsKotak

(3/17)
Read 17 tweets
Feb 4
How to get Free Insurance of Rs 50 lakh with your Mutual Fund SIP?

PS: It’s not ULIP!🤫

(1/10)

#personalfinance #mutualfunds
Many individuals can’t opt for Term Insurance due to some "Medical Conditions"

What if we say, now you are eligible for it through your Mutual Funds!

But How? 👇

(2/10)
The name of the solution is “SIP Insure”

It’s a Term Group Insurance policy provided by the fund house for SIP investors without charging any additional cost!✌️

⏩ No Insurance Premiums means "free coverage"
⏩ No Medical Check-up means "anyone can be covered"

(3/10)
Read 10 tweets
Feb 3
How can I buy a house of 50 Lakhs & retire with a corpus of 1 Crore, both by the age of 45?

well, invest just Rs 15K per month! 😱
.
.
Don't believe? See, our experts have chalked out a way for you👇👇

(1/9)

#retirementplanning #personalfinance #FinancialFreedom #investing
Owning ur dream house & early retirement are two most important milestones for any individual. However, one often gets compromised for the other! 😕

People hv dreams, but haven't really planned for it! This was evident in a research we did based on millions of inputs ⤵️

(2/9)
⚠️ 83% Indians haven't planned for #retirement !
⚠️ 77% Indians haven't planned for dream house!

(Find more shocking facts in d full report for FREE: bit.ly/IndiaMoneyHabi…)

Anyway, if u r one of those who haven't planned, worry not. We'll help u👇

(3/9)

#personalfinance
Read 9 tweets
Feb 2
We thought this was a peculiar case of one client, until we did our research on millions of inputs .. & the result just blew our minds! 🤯

72% Indians don't have adequate emergency fund⚠️

This is a 🧵 on even more shocking facts (1/11) 👇

#personalfinance #FinancialFreedom
Are you just as shocked as we are? 🤔

Find out more such facts in the full report for FREE - bit.ly/IndiaMoneyHabi…

Well, absence of an #emergency fund could actually mess up ur entire #personalfinance ! Understand the reasons in this thread..

(2/11) #FinancialFreedom Image
A job loss or an unforeseen medical expense can backfire if u don’t hv readily available funds. That's where ur emergency fund comes in rescue!

It includes a highly liquid investment to meet any emergency & reduce ur dependence on loans.

But then, how much? 🤔

(3/11)
Read 11 tweets
Feb 2
Key Highlights of The Union Budget 2022-2023

A thread! 🧵 (1/9)

#UnionBudget2022 #economy
👉Taxes

In case of errors, an updated return can be filed within 2 years from the end of relevant A.Y.

Surcharge on long-term capital gains capped at 15% (2/9)
👉Cryptocurrency

Income from the transfer of virtual digital assets will be taxed at 30%.

Losses from these assets are neither eligible for deduction nor for set-off. (3/9)
Read 9 tweets
Dec 24, 2021
From Selling Balloons on the Streets to becoming a Tyre Giant.🤩

The MRF story.

A thread! 🧵 (1/9)

#business #finance
In the year 1946, a young man named K.M Mammen Mappillai was wandering around the streets of Madras selling balloons. (2/9)
It was a small manufacturing unit opened in a shed that used to make toy balloons.

Mammen would pack them in a bag and go from street to street to sell them. (3/9)
Read 9 tweets

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