ED seizes over Rs 1-Cr cash, undisclosed assets during raids against Cong MLA, others | India News

The Enforcement Directorate (ED) on Saturday said it has seized Rs 1.42 crore in cash, documents related to more than 30 “undisclosed” flats and land during searches against Haryana Congress MLA Rao Dan Singh, his son and some business entities as part of a bank-loan fraud-linked money-laundering investigation. The raids were launched on Thursday (July 18) in Mahendragarh and Gurugram in Haryana, apart from Delhi and Jamshedpur (Jharkhand), against the legislator, his family, a linked company called Suncity Projects Private Limited, another company called Allied Strips Limited (ASL) and its…

How investing in multiple assets through one fund can help you in volatile times

[ad_1] In the current market scenario, all asset classes are volatile. Equity markets are volatile, bond yields are rising, and gold is below its recent peak. The data has proven that over the long term, an appropriately diversified portfolio yields optimal returns, adjusted for volatility. When all asset prices are falling, your portfolio will also be vulnerable when the market is marked for current prices. However, in the long term, there is a negative correlation i.e. inverse volatility between asset classes, which helps you earn optimum returns. This is shown…

Govt to issue clarification on virtual digital assets soon

[ad_1] Employers have to pay 30% tax virtual digital asset (VDA) like cryptocurrency They provide their employees as compensation or otherwise. Officials told ET that the government is likely to give a detailed explanation this week regarding the tax on VDA announced in the budget. The difference between the cost of acquisition of the asset and the transfer value to the employee will be taxed. In case of employees, the transfer price will be treated as cost of acquisition. A government official said, “The rules are being worked out…these will…

Market Cap: 10 Stocks Where the Value of Fixed Assets Is Higher Than Market Cap: Time to Buy or Avoid?

[ad_1] Indian market Important support levels were re-tested in June as selloff by overseas investors pushed nifty 50 In 2022 so far less than 5 per cent and many large and midcap stocks fell in double digits. Looking to find value from the current fall, we’ve compiled a list of 10 stocks. trendline Those in the affordable PE range whose real estate value exceeds their market capitalizationand without a debt-to-equity ratio of less than 1. Companies use fixed assets to generate income over the long term. It appears in the…

Vodafone Idea will not create digital assets; to continue with the partnership model

[ad_1] Vodafone Idea said it will not build out its own digital assets, but will continue with the partnership model, in which the various services offered by digital players are deeply integrated into its Vi platform. Tactics completely different from rivals Bharti Airtel and Reliance Jio, which has created a large number of digital assets of its own, which can be availed by customers of other telecom operators as well. According to Ravinder Takkar, CEO and MD, Vodafone Idea, the company looks at digital in a way that may be…

Digital currency different from virtual digital assets |RJA

[ad_1] Digital currency and virtual digital assets What are the instruments of Virtual Digital Assets? The Finance Bill 2022 defined the term “virtual digital asset” by entering a new clause (47A) under Income Tax The definition of virtual digital asset is proposed to mean any information or code or tokens (not Indian currency or any foreign currency) generated through cryptographic means as per the proposed new clause. Cryptocurrency, by whatever name called, would be considered a virtual digital asset in India, which could be taxed. If it satisfies the following…

India moving towards digital assets

[ad_1] Digital Rupee (Indian bitcoin) A digital rupee is a digital currency that will be issued using blockchain and other technologies. Such a digital rupee will be issued by the Reserve Bank of India from the financial year 2022-2023. As quoted by the Finance Minister in his budget speech “The introduction of the Central Bank Digital Currency (CBDC) will give a major boost to the digital economy. The digital currency will also promote a more efficient and affordable currency management system”, issuing the Digital Rupee. It will change the entire…