SIP collections drop to Rs 96,000 cr in FY21 amid pandemic-led disruptions
2021-04-14
Covid-19 induced lockdowns led to income uncertainty. Source linkContinue Reading
Mutual funds' assets under management surge 41% to Rs 31 trillion in FY21
2021-04-14
Assets under management (AUM) of the mutual fund industry witnessed a growth of 41 per cent in the last financial year Source linkContinue Reading
Fundraising through public issues more than doubled in FY21
2021-04-14
In FY21, 21 rights issues were successfully completed as against 17 in the previous year. Source linkContinue Reading
Fund raising via NCDs drops 29% in FY21 on decline in credit ratings
2021-04-13
Fund raising through issuance of debentures dropped 29 per cent to Rs 10,587 crore in 2020-21 Source linkContinue Reading
Covid-19 pushed steel exports to record high in FY21: SteelMint data
2021-04-13
Finished steel exports in FY21 stood at 11.65 mn tonnes and semi-finished at 7.25 mn tonnes, up 31% and 153%, respectively, over previous year Source linkContinue Reading
Govt's indirect tax collections at Rs 10.71 lakh crore for FY21, 12% up vs FY20
2021-04-13
Net goods and service tax collections for Centre – which includes central GST, integrated GST and compensation cess – during FY21 is Rs 5.48 lakh crore, 8% lower than Rs 5.99 lakh crore in FY20. Source linkContinue Reading
India's provisional net indirect tax for FY21 at Rs 10.7 trn: FinMin
2021-04-13
Net tax collections on account of Central Excise and Service Tax (Arrears) during FY 2020-21 stood at Rs. 3.91 trillion as compared to Rs.2.45 trillion in the previous financial year. Source linkContinue Reading
Bank credit rise 5.56%; deposits 11.4% in FY21
2021-04-12
“Though the interest rates of banks have reduced by 107 basis points from February 2020 to February 2021, the overall credit growth continued to moderate due to risk aversion and continued parking of excess liquidity with the RBI,” Care Ratings said in a recent report. Source linkContinue Reading
Inflow into gold ETFs climbs 4-fold to Rs 6,900 cr in FY21
2021-04-11
According to the Amfi data, investors put in a net sum of Rs 6,919 crore in 14 gold-linked ETFs in the just-concluded financial year, much higher than the Rs 1,614 crore invested in 2019-20. Source linkContinue Reading
LIC manages to grow biz 10% in FY21 amid Covid
2021-04-10
The corporation’s chairman M R Kumar revealed on Friday that business growth for the year FY21 was 10 per cent. Source linkContinue Reading