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Amitava Chakrabarty

Articles By Amitava Chakrabarty

736 Articles

Covid-19: What leads to bitcoin surge during pandemic period?

From around $7,000 on January 1, 2020 to around $17,000 on November 27, 2020, bitcoin has surged during the Covid-19 pandemic.

Cryptocurrency, bitcoin, Covid-19 pandemic, What leads to bitcoin surge during pandemic period, gold

Gold slides from all-time high level: What investors should do now?

As a luxury good, as an investment, a reserve asset, as a technology component – gold has various use and benefits from diverse sources of demand.

gold, gold investment, is it the right time to invest in gold, bullish on bullion, physical gold, gold jewellery, gold ETF, SIP, mutual funds, MF

Merger of Lakshmi Vilas Bank into DBS to provide respite to aggrieved customers, investors

Approval of the Union Cabinet came nearly a week after a 30-day moratorium by on Lakshmi Vilas Bank was put by the Reserve Bank of India.

Lakshmi Vilas Bank, merger of Lakshmi Vilas Bank, DBS Bank, DBS India, withdrawal of moratorium on Lakshmi Vilas Bank, Yes Bank, PMC Bank

Cryptocurrency: How different is it from other investments?

The most prominent cryptocurrency – bitcoin has witnessed a spectacular rally in the last 12 months, with its value going up by over 80 per cent during the period.

Cryptocurrency, bitcoin, How different is cryptocurrency from other investments, diversity in portfolio

Gold Investment: Know benefits of investing in digital gold over physical gold

Investment in gold is known as safe haven investment as it acts as a diversifier and mitigates losses in times of market stress.

Gold, Gold investment, physical gold vs digital gold, gold ETF, Sovereign Gold Bond

Covid-19: How this timely decision of RBI helped new investors enter financial markets

This gave the financial sector just enough time to put the technologies in place to enable the video-based eKYC process to allow new customers enter the financial markets digitally during the lockdown.

Novel Coronavirus Covid-19, nationwide lockdown, video KYC, Know Your Customer, eKYC, new investors, Optical Character Recognition, OCR, Live Video, Artificial Intelligence, AI, limitations of eKYC

SBI Alert: Beware! That free Covid-19 testing offer may be a trap

Taking advantage of the Corona nervousness, cyber criminals have adopted various methods to trap people by sending emails containing Covid-19 related communications.

Novel Coronavirus Covid-19, State Bank of India, SBI, cyber crime, online fraud, free medical tests, lottery, job offers, Google Search Engine

Investing for just saving and return: Know if it’s the right way to achieve your financial goals

Unless you know what your financial goals are, you can't determine how much to save and where to invest to reach the goals on time by taking minimum risks.

savings, rate of return, investment, saving and return benefits, financial planning, financial goals, aimless investors, where to invest, how much to invest

Flexi Cap option provides escape route to Multi Cap schemes from enhancing small-cap exposure

Multi Cap funds of most Asset Management Companies have majority of asset allocation in large-caps, moderate allocation in mid-caps and negligible allocation in high-risk small-caps.

mutual fund, MF, SEBI circular, Multi Cap Funds, Flexi Cap Funds, large cap, mid cap, small cap, AMFI

Decoding the financial needs of Generation Z

From simpler investment products and all-cash transactions to sophisticated technology-driven investments vehicles and online dealings – India has seen a sea change in the investment landscape.

How to manage your finances, financial tips for GenZ, Generation Z, Do It Yourself, DIY, financial independence

Income Tax Act allows tax benefits up to Rs 2 lakh on NPS contributions: Know the eligibility

The NPS was first introduced as defined-contribution New Pension Scheme in January 2004 to replace the defined-benefit Old Pension Scheme for government employees.

same day NAV, cut-off timings, NPS contribution, eNPS account, net banking

Jeevan Pramaan amid Covid-19: How pensioners may get Digital Life Certificate issued at doorstep

To help the elderly pensioners, who are not tech savvy, India Post Payments Bank (IPPB) has launched the doorstep Digital Life Certificate (DLC) service.

Central Government pensioners, timeline, extension, Life Certificate, submit, Due Date Extension, pension,

Investing in cryptocurrency? You may get interest, take loan against deposits

Apart from getting interest on the cryptocurrency deposit, customers may also opt for rupee loans against crypto, where the cryptocurrency will act as collateral.

Cryptocurrency, Cryptocurrency-based payment card, cryptocurrency trading, blockchain technology, crypto bank, cryptocurrency-based banks, interest on crypto deposits, loan against cryptocurrency

Need to submit ITR proof? You have to use Income Tax Acknowledgement

For professionals and others, who don't get regular salary, Income Tax Returns (ITRs) are used as income proof for various purposes.

income tax, income tax return, ITR, income tax return verification form, ITR-V, income tax return acknowledgement, income proof

New Format of ITR-V: Know how advantageous, disadvantageous it’s for you

Details like your income, deductions, taxes paid, tax payable, tax refund etc have been removed from the Income Tax Return Verification Form (ITR-V).

income tax, income tax return, ITR, income tax return verification form, ITR-V, income tax return acknowledgement

LTC Scheme: Can you take LTC advance, auto loan to buy a car?

Under the LTC scheme, an amount up to 100 per cent leave encashment and 50 per cent of the value of deemed fare is to be paid in advance to an employee opting for the same.

Leave Travel Concession, LTC, Cash in lieu of LTC, LTC Cash Voucher Scheme, what to buy with Cash in lieu of LTC, GST, LTC advance, auto loan, car loan

With figures of income, deductions, taxes removed, ITR-V can no longer be used as an income proof

Earlier, ITR-V was treated as a proof of filing of return of income as it used to contain data of income, deductions, tax payable, taxes paid etc of an assessee.

income tax return, ITR, ITR Verification Form, ITR-V

Kotak Life launches Kotak Health Shield, forays into comprehensive health insurance segment

It also provides benefits like daily hospitalisation cash benefit, waiver of premium on being diagnosed with minor conditions, and income benefit on being diagnosed with major conditions.

HDFC Life Click 2 Protect 3D Plus, Corona Kavach, Term Insurance, COVID-19, health cover, hospitalization

Sundaram Bluechip Fund reopens for subscription – should you invest?

Sundaram Bluechip Fund is an open-ended equity scheme that predominantly invests in large-cap stocks to generate capital appreciation.

mutual fund, MF, Sundaram Bluechip Fund, large-caps, should you invest in Sundaram Bluechip Fund, Nifty 100 TRI Index

Q&A on LTC Scheme: Can you make multiple purchases, pay in cash? Here are the answers

The LTC Cash Voucher Scheme has made the eligible employees curious, who want to know how to avail the scheme, what to purchase, how to pay etc.

Leave Travel Concession, LTC, Cash in lieu of LTC, LTC Cash Voucher Scheme, what to buy with Cash in lieu of LTC, GST, GST Receipt, GST Invoice, Q&A on LTC Scheme

LTC Scheme: Remember! Saving on taxes will give you no benefits

On purchasing cars, two-wheelers, ACs, etc, the beneficiaries have to pay the government first the GST of 28 per cent to get the additional reimbursement of around 27 per cent.

Mutual Fund: Time increased for submission of application forms, but you may not get same day NAV

With almost all the services reopened, AMFI had requested the market regulator SEBI to restore the original cutoff timings for MF transactions.

Mutual Fund NFO, Mahindra Manulife Focused Equity Yojana, equity MF scheme, large-cap, stocks, risk

Income Tax Return: Lack of instructions makes ITR filing difficult for AY 2020-21

Along with uploading Excel and Java utilities of ITR Forms, CBDT also publishes the PDF files containing instructions to help filing of the respective tax filing utilities.

income tax, income tax return, ITR, ITR Forms, ITR filing instructions, ITR utilities, changes in ITR Forms, AY 2020-21, CBDT, Income Tax Department, Covid-19 lockdown, due date of filing return

Government’s Festival Advance, LTC schemes give impetus to digital payments

While the Festival Advance Scheme is meant for the Central Government employees, the LTC Scheme may also be availed by state governments and private sector organisations.

digital, new business, Digital 2.0, digital technology, digitalisation, consumer behaviour

Staying on rent, but not getting HRA? Know how retired, other individuals may claim tax benefits

Most salaried individuals, who stay in rented accommodations, are eligible to claim tax deduction on rent paid out of the House Rent Allowance (HRA) they get.

LTC fare, Income-tax Exemption, non-Central Government employees, cash allowance, Block year 2018-21,

Corona Kavach, Rakshak: How to renew, port, migrate your Covid specific health insurance policy

The IRDAI has issued the norms on renewability, portability and migration of standard Covid specific products – Corona Kavach and Corona Rakshak.

There are other charges like biomedical disposal charge, which are charged by the hospitals. “It is the duty of hospital to dispose of biomedical waste, how can we pay such charges,” explained the official.

Risk labelling to help investors choose right mutual fund scheme to meet investment goals

To make things easier for the investors, market regulator Securities and Exchange Board of India (SEBI) has introduced a new risk labelling system.

mutual fund, MF, Securities and Exchange Board of India, SEBI circular on risk labelling, risk o meter, new risk labelling system, risk tolerance level, risk appetite
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