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The Real Impact of AMFI’s Push for Tax Revisions on Your Investments!

Summary The Association of Mutual Funds in India (AMFI) has called on the government to reconsider recent budget proposals affecting debt mutual funds. The budget aims to amend Section 50AA of the Income Tax Act, redefining 'Specified Mutual Funds' and altering their tax treatment. The new definition would classify debt mutual funds as short-term capital assets regardless of the holding period, thus impacting the tax rates significantly. AMFI argues this change would disadvantage investors by eliminating long-term capital gains benefits for debt…

By Vishal Kumar

August 18, 2024

Ronaldo’s Euro 2024 Drama: Ex-Liverpool Player Slams His Lack of Support for Felix!

Summary Former Liverpool midfielder Dietmar Hamann criticized Cristiano Ronaldo for his lack of support toward Joao Felix following Portugal's elimination from Euro 2024. After Portugal lost to France in the quarter-finals, Ronaldo, who missed a chance to console Felix, was called out by Hamann for his perceived selfishness and poor team dynamics. Hamann condemned Ronaldo's behavior throughout the tournament, stating it was indicative of his individualistic approach to team sports despite his remarkable career. Key Points - Portugal was eliminated from Euro…

By Vishal Kumar

August 18, 2024

Entertainment / Sports

Find Out Which Football Legends Were Selected for UEFA EURO 2024 Team of the Tournament!

Summary The UEFA EURO 2024 Team of the Tournament was announced based on performances throughout the competition. A panel of technical observers, including notable football experts, evaluated each game to select standout players for each position. This selection highlights significant tactical trends and individual impact, showcasing top performers across different teams. Key Points Goalkeeper: Mike Maignan (France) Defenders: Kyle Walker (England), William Saliba (France), Manuel Akanji (Switzerland), Marc Cucurella (Spain) Midfielders: Rodri (Spain), Dani Olmo (Spain), Fabián Ruiz (Spain) Forwards: Lamine Yamal…

By Vishal Kumar

August 18, 2024

News / Business / Entertainment / Family

How a Man in a Small Village in Rajasthan Made ₹1 Crore from Aloe Vera

Summary Rakesh Choudhary, hailing from a small village in Rajasthan, embarked on a challenging journey to build a successful business in medicinal plants, specifically Aloe Vera. Despite initial failures and setbacks, Choudhary's persistence led to the establishment of Vinayak Agro Herbal Limited, a major player in the industry. His venture, which initially faced difficulties such as crop failures and market challenges, eventually thrived due to his strategic shift towards Aloe Vera and his innovative approach to supporting local farmers. Today, his company…

By Vishal Kumar

August 17, 2024

News

Delhi University Announces UG CSAS 2024 Round 1 Results – How to Check and Accept!

Summary Delhi University has released the results for the first round of seat allocation under the UG CSAS 2024 process on August 16, 2024. Candidates can now check and download their allocation results from the official entrance portal. To secure their seat, students must accept their allocation by August 18, 2024, and ensure the associated fee is paid by August 21, 2024. Those who wish to upgrade their seat must pay the fee in subsequent rounds. Out of the 2,45,287 applicants, 1,85,543…

By Vishal Kumar

August 17, 2024

News / Business / Technology

Big Billion Days Just Got More Expensive—Flipkart’s New Fee Explained

Summary Walmart-owned Flipkart has introduced a uniform platform fee of Rs 3 across its ecommerce platform, emulating quick commerce competitors like Swiggy, Zomato, and Zepto. This fee, which applies to orders up to Rs 10,000, is part of Flipkart's strategy to sustain efficient operations and enhance user experience. However, it is not applied to Flipkart Grocery or its travel vertical, Cleartrip. The fee is already in place on Flipkart's fashion vertical Myntra and its quick commerce arm Flipkart Minutes. This move aligns…

By Vishal Kumar

August 17, 2024

Business / Technology

HSBC Sees Big Future for Ola Electric: 26% Upside and Growing EV Market

Summary HSBC Global Research has initiated coverage on Ola Electric Mobility Ltd., assigning a 'buy' rating with a target price of Rs 140, which implies a 26.2% upside potential. The recommendation is based on Ola Electric's competitive pricing against petrol scooters and its promising battery venture. Despite current high production costs for electric scooters and potential challenges with battery manufacturing, HSBC believes that improvements in cost efficiency and growing consumer awareness will drive EV adoption. The report also notes increasing acceptance of…

By Vishal Kumar

August 17, 2024

News

Shocking DU Admission Numbers: Over 72,000 Accept Seats in Just 24 Hours!

Summary Delhi University (DU) has seen a significant response in its first round of undergraduate seat allocation. Despite having 71,600 seats available, the university allocated spots to 97,387 candidates to ensure full utilization. Within 24 hours, 72,277 candidates accepted their allocated seats, exceeding the total number of seats available. This proactive allocation aims to optimize seat filling and ensure a smooth start to the academic session, scheduled for August 29. The admission process includes multiple phases and a feature update that allows…

By Vishal Kumar

August 17, 2024

News / Sports

Cricket at the Youth Olympics? The ICC’s Game-Changing 2030 Vision!

Summary The International Cricket Council (ICC) has expressed interest in introducing cricket to the Youth Olympics in 2030, in collaboration with the International Olympic Committee (IOC). This move follows India's declaration to bid for both the Youth Olympic Games (YOG) 2030 and the Olympic Games 2036. The ICC's willingness was communicated through an email exchange between Vivek Gopalan and William Glenwright, with Gopalan highlighting strong support from Indian Prime Minister Narendra Modi and the strategic importance of cricket's inclusion. This development is…

By Vishal Kumar

August 17, 2024

News / Family / Politics

Education Inflation Outpacing Real Estate? Find Out How Schools Are Exploiting Parents!

Summary Aviral Bhatnagar, a Bengaluru-based investor, has highlighted the sharp increase in lower kindergarten (LKG) fees in Hyderabad, which have surged from Rs 2.3 lakh to Rs 3.7 lakh annually. He argues that this trend signifies a broader issue of education inflation that far outpaces real estate inflation. Bhatnagar's social media post, which has garnered significant attention, reflects a national pattern where education costs have risen dramatically over the past three decades. The discourse sparked by his post underscores the growing financial…

By Vishal Kumar

August 17, 2024

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