In relief to unit holders of the shut schemes of Franklin Templeton India, SBI Funds Management Pvt Ltd will distribute the available cash of Rs 9,122 crore in the funds, as of January 15, among them in the coming week.
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Given the current economic stagnation plaguing each sector of the economy, Union Budget 2021 was one of the most anticipated events of this financial year for taxpayers.
In an attempt to move the country out of the pandemic introduced slowdown, the Finance Minister introduced several tax exemptions and holidays for every segment including those for home buyers and developers.
This comes after a report that announces improvement of sales in the affordable housing segment since July 2020, following the lifting of stringent country-wise lockdown. A 150% Q-o-Q growth, between July and September 2020, indicates that the real estate sector is recovering at a rapid pace.
In a far-reaching reform on family pensions, Union Minister Jitendra Singh on Friday said the upper ceiling of the facility has been raised from Rs 45,000 to Rs 1,25,000 per month.
We had mentioned in last week’s closing report that Nifty, Sensex are on a strong uptrend. The major indices were volatile this week but ended with major gains.