Tag: Stock Market Advisory

15Jan

What are gold stocks and how prices of gold affect them?

Gold is known as the precious metal and is used for different purposes like industrial, manufacturing, personal jewelry and more. This particular commodity is most actively traded on mcx as it is of highly liquid nature. A large number of traders rely on the usage of mcx tips of market experts to ensure their good earnings here. Gold stocks are those shares which traders hold in a gold company which can be either mining corporation or gold mutual fund.Like other stocks, this also makes a trader eligible to claim any profit that comes out of his investment made by him in gold stocks.
Following are the two popular types of gold stocks:
1) Large-Cap gold stocks
These stocks belong to companies which usually have large market capitalisation. Companies with large-cap stocks are more stable and are likely to be a part of a market for long term.
2) Junior gold stocks
Junior or mid-cap stocks are more volatile and belong to companies which are in the business of mining or exploring new deposits of gold and therefore their market capitalisation is also less.
Things to keep in mind before investing in gold stocks:
1) Determine the investment mode
There are different ways by which you can invest in gold stocks: directly in gold mining companies, gold mutual funds and gold ETFs. Each of them has their own advantages and disadvantages.Before spending your hard earned money in them learn about them and after that make a wise choice.
2) Stay updated with market
It is very important to keep yourself updated with daily market movements.This will ensure that you know everything about the investment you have made at any time.
3) Consider experts advise
At times certain emotional factors can influence you to take wrong decisions. Considering a financial advisor may cost some extra amount but it will ensure that you are making the right investment.
Impact of gold price on gold stocks
Price of gold is a primary factor which has to be considered while predicting or understanding prices of gold stocks.The reason behind this is, it is believed that when price of gold rise, gold stocks prices also rises and vice versa.But there are times when we see a strong movement in gold prices and there is not much impact of it on prices of gold stocks. Therefore it can be concluded by saying this though gold prices have its impact on gold stocks but the correlation between both will not be always same. To be on the safer side financial advisory services provider can be consulted to get experts advise on your investment and ensure that you are on the right track. Since high capital is required to trade here it is better to consider experts advise rather than making a wrong investment.
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24Jul

World Bank Group President Visit To India Will Support To India’s Development?

Jim Yong Kim, World Bank’s group president was on a three day visit to India from 21-23 July 2014. He came to India to analyze the projects supported by the bank and recognize the development related concerns of Indian government. This will further help to decide about the allocation of funds and resources allocated by the World Bank group to support us well so they can be utilized in more optimal way.

This visit is special because India counts on the top beneficiaries of the World Bank and this is the first meeting of the Modi’s government after came into rule. Also, India has been amounted 6.4 billion dollars by the Bank during last fiscal (June 2013- June 2014).

India received 2 billion dollars from International Bank for Reconstruction and Development (IBRD), 3.1 billion dollars from the International Development Association (IDA), and 100 million dollars from the Clean Technology Fund that the World Bank Group administers. All in a group of World Bank which makes a total figure of 6.4 billion dollars

The meetings of Jim are scheduled with Prime Minister Narendra Modi and Finance Minister Arun Jaitely to discuss about the developmental policies and financial resources. There are two aims of the World Bank Group – ending the poverty from the world and help to increase the prosperity. In order, to fulfill those aims he also planned to go to the sites in Tamil Nadu where where bank-supported projects are under process to see the challenges of India’s rural-urban transformation.

After the meeting with Finance Minister he said in a statement that World Bank understands the importance of the relationship and assures the pledge to support India in all the way to develop the nation. He insisted that India is the land of great innovation and knowledge at global level and our growth contains a great importance in the global growth. Thus the bank use to support India for growth and development as it support us for so many years.

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23Jul

Revenue Collection Targets For The Fiscal 2014-15 Would Be Surpassed : Jaitely

Revenue generated after the collection of total taxes was set as Rs.736,221 crore by the Finance Minister Arun Jaitley in the national budget 2014-15 presented in the parliament dated 10th July 2014. In this budget all the revenues and expenditures are introduced publicly and a collection target of Rs. 736,221 crore was estimated for the financial year 2014-15 from various sources and taxes launched.

Mr. Jaitley was attending a two-day Annual Conference of the senior officers of Income Tax Department is held every year and this year it was held in New Delhi 21 – 22 July 2014. Along with the FM this conference was attended by the senior officers of the Revenue Department Shri Shaktikant Das, Revenue Secretary, Shri G.S. Sandhu, Secretary, Financial Services, Shri Ravi Mathur, Secretary (Disinvestment), Chairman and Members of CBDT, Chairperson and Members of CBEC.

After the inaugural ceremony of the conference, while addressing the senior members and other officers of the Income tax department Jaitely denoted the department’s credibility and accountability as country’s biggest asset. He shows that the government is hoping that the revenue target of Rs. 736,221 crore can be surpassed by the good techniques and dedication of the department. He further added that, “highest standards of ethics are expected from officers of the department.” to achieve the set target and increase the reputation too.

Further in the conference, Mr, Shaktikanta Das the Revenue Secretary said that the role play of the senior officers works as a guide for the junior and other staff working under them. Thus, it is necessary to use the fair and transparent means to facilitate and achieve the targets. There is a need to find the innovative ways to increase the collection of revenue without litigation.

However, other speakers added that various steps to be taken to smoothen the tax paying activity. The utmost efforts are required to improvise the quality of the tax payer services and achieve the targets. It is also important to brought efficiency and transparency in the whole process to attract tax payers towards their duty of paying tax on time. This will not only helpful to sustain the laws but also enhance the economic condition of the country to implement the growth driven strategies.

For more updates on Budget or post effects of Budget on stock market, keep reading further posts.

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