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Just 38 Percent Of Franklin Templeton’s Unitholders Voted: SEBI-Appointed Observer

Posted under Business, Regulatory, by Neha Sonker / 54 minutes ago

The observer’s report on the recently-concluded e-voting held by Franklin Templeton Mutual Fund was submitted to the Supreme Court. It said that the e-voting exercise was generally conducted according to the e-voting notices sent by FT MF. “However, there were many grey areas in the procedure adopted, which raised doubts and apprehensions in the minds of investors,” the report said.

Retail Flower Traders In Badrian Street Get Relief From Madras HC

Posted under Business, Legal, by Neha Sonker / 18 hours ago

In a reprieve to the thousands of flower vendors of Badrian Street in Flower Bazaar, the Madras High Court ruled that such flower traders cannot be evicted from the Flower Bazaar if they carry out retail trade. However, the court also said that if any wholesale trade is carried outside the market area, the local authority can initiate action against those involved.

RBI Working Committee In Favour Of Setting Up NPCI-Type Agency For Fintechs

Posted under Business, Regulatory, by Neha Sonker / 21 hours ago

The newly-formed working committee of RBI favours setting up an agency that will act as an umbrella institution for financial technology firms because of growing complaints against the collection and recovery practices deployed by some digital lending applications. While digital lenders with NBFC licenses are monitored by Banks others, which function as loan-sourcing apps, are not regulated and are only registered with the corporate affairs ministry.

Tax On Your Gold And Real Estate Investments

Posted under Taxation, Business, by Neha Sonker / 22 hours ago

Real estate and gold have traditionally formed a large chunk of Indian investors' portfolios. However, over the past few years, returns from real estate have been poor to negative. On the other hand, gold does not give an attractive return in the long term and has a high transaction cost. Apart from keeping gold or real estate for their own use, investments in these two asset classes don't make much financial sense.

Investment Instruments That Are Helpful In Saving Your Tax Under Section 80C

Posted under Taxation, Business, by Neha Sonker / 23 hours ago

We have arrived in the last quarter of the financial year 2020-21 and this means that it is that time when a lot of us start making our investments for saving tax. Salaried individuals across India whose income falls under the taxable slab need to submit their actual investment proofs to their employers during the last quarter (January-March) of the fiscal year.