Category: Finance

Finance Minister Nirmala Sitharaman announced relief measures for Indians to tackle Covid-19 (coronavirus)
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Key Coronavirus (COVID-19) Relief Measures Highlights

Insight Glimpse Editorial TeamMarch 26, 2020 121 Views

In the wake of COVID-19 outbreak, the Finance Minister of India Shri Nirmala Sitharaman has come up with a few initiatives and announced a series of relief measures which surely bring a smile on India's taxpayers. Coronavirus (COVID-19) relief measures announced by Finance Ministry mainly include Tax filling date extension, ATM withdrawal and bank charges waived off and more. Also, Reserve Bank of India (RBI) has taken very necessary giant steps in order to safeguard economic slowdown which is caused by the coronavirus outbreak. In the Press Conference, RBI Governor Shaktikanta Das has announced a massive 75 basis points cut in repo rates to boost economic activities. Top economists and PM Narendra Modi strongly believe that the steps announced under RBI's COVID-19 Rescue package woul...

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Airtel pays AGR dues to telecom department
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Bharti Airtel pays INR 8,004 crores towards AGR dues

Insight Glimpse Editorial TeamMarch 2, 2020 46 Views

In a letter dated 29 February 2020, Bharti Airtel has stated that it has paid INR 8,004 crores towards AGR dues, taking the total amount to INR 18,004 crores after doing a self-assessment from FY 2006-07 onwards till December 2019 and interest therein till February 29, 2020. Airtel initially had paid INR 10,000 crores on February 17th 2020 and yesterday it has paid INR 5000 crores and 3004 crores towards AGR dues. The company said after its self-assessment it has paid “an additional amount of Rs 3,004 crore towards the full and final amount due over and above the ad-hoc amount of Rs, 10,000 crore paid previously." This included dues of Bharti Airtel, Bharti Hexacom and Telenor India. The government estimated total dues of Bharti Airtel at Rs 35,000 crore, almost double the ...

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Vodafone, Airtel, Voda Idea, AGR, DoT, Indian Government, Latest News
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Vodafone, Airtel, Tata cough up INR 15,700 Crores as AGR dues to government after Supreme court order

Insight Glimpse Editorial TeamFebruary 21, 2020 41 Views

The Indian Government has received approximately INR 15,700 Crores in Adjusted Gross Revenue (AGR) Dues from the giant telecom operators - Vodafone and Airtel, according to an official source. Vodafone had INR 53,000 crore dues outstanding, of which it has paid INR 2,500  and 1000 crores on February 17th and 29th respectively. Meanwhile, Vodafone and Airtel heads are in discussion with the Ministry of Finance to sort out the payment of AGR dues. Airtel has paid INR 10,000 crore dues of its outstanding AGR dues, while Tata Teleservices has paid approximately 2,197 crores. While most Mutual fund houses have marked down the Vodafone share values as zero or have created separate portfolios for the same so that the client does not suffer much even in case the telecom giant...

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key wealth management trends every wealth manager should know
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These Top Wealth Management Trends 2020 Every Financial Adviser Should Follow

PranavFebruary 4, 2020 30 Views

The Wealth Management market is growing at a rapid pace. This very landscape is best known to High Net-worth Individuals (HNIs), big banks, and sophisticated financial planning advisers as a smart way of allocating finances to maintain liquidity and to invest money cleverly for a dominant growth. As the market matures further with the booming world economy, a great number of people are hiring wealth managers and financial professionals to micro-manage their funds. New Decade brings new trends with itself. As we enter this prosperous New Year 2020, financial planning goals and wealth management are undergoing a remarkable transformation. Let's delve deeper into Top Wealth Management Trends in 2020 to watch in this year 1. INTELLIGENT INVESTMENTS THROUGH SMART TECHNOLOGY ...

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Six Important Things To Focus On While Buying A Life Insurance Policy

PranavJuly 3, 2019 22 Views

Buying a life insurance cover is always a tiresome affair especially when you as a buyer hardly know all the ins and outs of the life insurance product you’re planning to consider to protect your finances. Only one thing you know is, life is so uncertain and you don’t know what will happen in next few seconds. All you can do is plan for a better future rather than predicting the future. Life insurance policy is an easy way to secure your loved ones even after your demise in every unwarranted situation. Wikipedia describes Life Insurance as: A contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

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