M2 which is a broad measure of money supply, has grown 81% in the last 7yrs to nearly $20Trn. An increase in the supply of money typically lowers interest rates, which generates more investment and puts more money in the hands of consumers. Hence stimulating spending.
The new wage rules come into effect in April 2021. In this thread, we break down
•How this could impact you
•How a financial adviser can help
The government is seeking feedback on these rules and is yet to publish the final rules.
What: Basic component of #salary to be at least 50%
Impact for Individuals: Contribution to #PF increases, Take home reduces.
Impact for Corporates: Employee costs go up
Dec 9, 2020 • 5 tweets • 4 min read
We're at the crossroads of a new year and an evolving #market context☦️📈
So, what's the most powerful thing you can do today?
Review your #investments - objectively!
We've done this for 100 + people with great results. We're going to talk about one of them.
Watch our video to know more about ithought's Investment Review Engagement:
Dec 4, 2020 • 6 tweets • 2 min read
No surprises in today's #RBIPolicy
✅Key rates unchanged
✅Accommodative stance continues
✅Inflation an area of concern
✅Growth: green shoots visible
✅Bond markets will see deeper participation
- Repo: 4.00%
- Reverse Repo: 3.35%
- MSF: 4.25%
- Bank Rate: 4.25%
Remains accommodative into next financial year
Will continue to use OMO, TLTRO, and Operation Twists to manage yields
FM Announcement #Atmanirbhar Rozgar Yojana
• EPFO registered companies incentivized to hire freshers or those who have lost their jobs from Mar-Sep
• CG to contribute EPF on behalf of employees for the next 2 years where wages <15,000.on behalf of employers if <1000 employees
Emergency Credit Limit Guarantee Scheme
• Extended to stressed sectors per KV Kamat report
• Outstanding debt 50-500 Crores, to any sized company as long as account was not NPA pre #covid
• 20% extra borrowing to be repaid over 5 years. 1 year #moratorium
Nov 9, 2020 • 5 tweets • 3 min read
Working with a competent investment adviser could help you find the right risk-reward. We see value in selective credit and medium term strategies: ithought.co.in/fixed-income-o…
#Assetallocation changes as you near retirement. What if your equity #investments are stuck in a phase where the markets are battered?
Can I share #income by creating a trust?
Feb 6, 2020 • 10 tweets • 3 min read
Direct tax proposes a new optional #tax regime optional for taxpayers.
Under the new tax regime – tax rates are as follows
Up to 5 lakhs – 0%
5 lakhs to 7.5 Lakhs – 10% 7.5 Lakhs to 10 Lakhs – 15%
10 Lakhs – 12.5 Lakhs – 20% 12.5 Lakhs to 15 Lakhs – 25%
More than 15 Lakhs – 30%
DDT has been removed. #DDT will be taxed in the hands of individuals at their slab rate. With DDT scrapping, govt lets go of Rs 25,000 crore revenue.
Jan 8, 2020 • 8 tweets • 3 min read
When someone says the word #SIP, most of us associate it with equity #mutualfunds. But did you know that SIPs are possible in the fixed income asset class as well?
#Debt SIPs can be one of the most useful ways to meet your short term goals, recurring goals, and asset allocation needs.