Page 7 - Harsh Roongta

Guaranteed loans have multiplier effect

Government guarantee will help and restart businesses which will kickstart the virtuous circle of employment, consumption, and growth

Taxpayers' charter: Expect more fairness

The tax charter has been issued under the newly minted Section 119A of I-T Act. It is no longer an unenforceable administrative promise made by CBDT more as a public-relations exercise

Risk and return: Make the right trade-off

An SIP in an equity fund can reduce the average cost of investing and boost return. But it can't eliminate the risk of loss of principal

Before the Will, prepare for disability

It's important for all heirs to present a united front to give comfort to banks/depository participants

Strategy for meeting goals

Moving money from equity to debt in the last stages of any financial goal ensures that the corpus does not erode suddenly due to a fall in the stock market

Move from debt to equity, but gradually

The only social distancing I am unable to do is give up my morning walks, which is in an open ground

Don't play with debt portfolio

Any investment can be evaluated on the three primary parameters - risk, return and liquidity. These three parameters are inversely linked

WIll SBI's loan revive trust?

In SBI's scheme, the buyer pays only the down payment. The developer pays the interest during the construction period

Gold is old

In most schemes, where the monthly investment is a fixed amount, investors run the risk of the price of gold rising during the tenure of the recurring deposit

Now, seller returning cash to realty buyer

The government needs to make the method of calculating the ready-reckoner rate for each locality completely data driven and transparent

Confidence in financial sector at stake

IL&FS, DHFL and PMC Bank scandals have left people apprehensive about financial institutions

Tax benefit to cooperatives should go

Return to societies from cooperative banks is almost double that from commercial banks

What will happen in the stock markets?

In most versions of the VIP strategy, the SIP amount will be varied depending on an objective parameter such as returns obtained

Budget 2019: A comparison with tax rates in advanced economies unjustified

The NPS exemption has been increased to 60% as promised earlier

Fence paradox and debt-market crisis

As recent incidents show, triple A ratings can turn to default in less than a year

Can we eliminate tax terrorism?

The tax department itself has marked 94 per cent of all direct tax arrears as "demand difficult to recover"

Solutions to lack of transmission

Make it mandatory to link savings bank interest rate with an external benchmark. Banks should also make public details of how they calculate their MCLRs

Employee benefits have turned into taxes

The government should convert "taxes" into real benefits. It should also pay for them on behalf of those in the lowest rungs

Aesop's fable revisited in banking sector

The apex bank has already prescribed a deadline for the implementation of new benchmark rates from April 1

Tax terrorism is thriving

There are cases of taxpayers being forced to pay 20 per cent of disputed demands