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The bank credit growth in the fortnight ended 1 January  2021, increased compared to last fortnight (Dec 18, 2020) which can be ascribed to an increase in retail loans (Photo: Bloomberg)
The bank credit growth in the fortnight ended 1 January 2021, increased compared to last fortnight (Dec 18, 2020) which can be ascribed to an increase in retail loans (Photo: Bloomberg)

Bank credit grows 3.2% in 1st nine months of FY21

Bank deposits rose 8.5% to 147.27 lakh crore in the April-December 2020 period as against an increase of 5.1% a year ago, according to the recent data released by the RBI

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Nitish Mittersain, founder and MD of Nazara Technologies.
C. Vijayakumar, President and CEO, HCL Technologies.

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DHFL, once one of India's top 'shadow' lenders, accumulated total debts of almost  ₹1 trillion before defaulting on payments to its creditors
DHFL, once one of India's top 'shadow' lenders, accumulated total debts of almost 1 trillion before defaulting on payments to its creditors

DHFL creditors vote in favour of Piramal's 37,250 crore bid: Report

Creditors of Dewan Housing Finance Corp have voted in favour of a 37,250 crore takeover bid submitted by the Piramal Group for the troubled 'shadow' lender. DHFL's creditors finished voting on Friday evening, the report said

Vice President-elect Kamala Harris  (AP)
A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad (Representative image). (REUTERS)
The Franklin Templeton (Photo: Bloomberg)

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While Zomato was running Zomato Premier League, on its app, where users could make predictions about the ongoing IPL match, and earn cashbacks; Swiggy was running Match Day Mania offers during IPL matches (MINT_PRINT)
While Zomato was running Zomato Premier League, on its app, where users could make predictions about the ongoing IPL match, and earn cashbacks; Swiggy was running Match Day Mania offers during IPL matches (MINT_PRINT)

Budget 2021: Demand to rationalise GST on food delivery biz to 5%

The restaurants and food delivery sector has demanded that GST on home delivery of food be reduced to 5% from 18% now to boost the $3 billion segment, industry officials said

Back home, in a run-up to the Union Budget, hopes and expectations from the Budget could keep the market's mood jittery, analysts add (Photo: Mint)
Back home, in a run-up to the Union Budget, hopes and expectations from the Budget could keep the market's mood jittery, analysts add (Photo: Mint)

D-Street investors keep one eye on earnings, one eye on pace of vaccination

  • The mood of equity markets this week is likely to be driven by two factors—December quarter corporate earnings and pace of large-scale vaccination
  • In a run-up to the Union Budget, hopes and expectations from the Budget could keep the market's mood jittery

The new farm legislation, passed in Sept, will allow private firms to buy produce directly from farmers, moving from the decades-old system of state-run wholesale buyers and markets that guaranteed MSP
The new farm legislation, passed in Sept, will allow private firms to buy produce directly from farmers, moving from the decades-old system of state-run wholesale buyers and markets that guaranteed MSP

Two of India’s richest men caught in crossfire over farming laws

For weeks, thousands of farmers have camped outside Delhi, demanding the withdrawal of recently passed farm laws they say, without evidence, was designed to allow billionaires such as Mukesh Ambani and Gautam Adani to enter farming. The tycoons say they have no such interest. Over 1,500 phone towers of Ambani’s wireless carrier were vandalized last month

India’s first indigenous 9mm Machine Pistol
Photo: Reuters
IRFC is issuing shares at a price band of  ₹25 to  ₹26
BharatPe chief executive and co-founder Ashneer Grover. (MINT_PRINT)
Aadhaar PVC card is more durable and secure.
The WhatsApp app on a smartphone. (AP)
Delhi Health Minister Satyendar Jain speaks to media during a press conference.
FILE PHOTO: The platform is also offering extra 10% instant discount with SBI Credit cards and Credit EMI (REUTERS)
Prime Minister Narendra Modi flags off eight trains connecting Statue of Unity in Kevadia, Gujarat with different regions of the country, via video conference.
Prime Minister Narendra Modi flags off eight trains connecting Statue of Unity in Kevadia, Gujarat with different regions of the country, via video conference.

PM Modi flags 8 trains connecting Statue of Unity with different parts ofcountry

  • Several projects relating to the railways was also inaugurated and these include new station buildings of Kevadiya, Dabhoi and Chandod
  • Prime Minister Narendra Modi flags off eight trains connecting Kevadiya in Gujarat to Varanasi, Dadar, Ahmedabad, Hazrat Nizamuddin, Rewa, Chennai and Pratapnagar

The dispute between the two states over Belgaum and other border areas is pending before the Supreme Court for many years (HT)
Prime Minister Narendra Modi addresses during the flag-off of eight trains connecting Statue of Unity in Kevadia, Gujarat. (ANI)
Diesel sales during April-November 2020, stood at 44.9 million tonnes as compared to 55.4 million tonnes a year back, according to data from the oil ministry's Petroleum Planning and Analysis Cell. (Bloomberg)
Diesel sales during April-November 2020, stood at 44.9 million tonnes as compared to 55.4 million tonnes a year back, according to data from the oil ministry's Petroleum Planning and Analysis Cell. (Bloomberg)

Excise duty collection jump 48% this fiscal on record hike in taxes on petrol

  • Industry sources said the jump in excise duty was primarily because of a record increase in taxes on petrol and diesel during March and May last year

Ahmedabad-Kevadiya Jan Shatabdi Express
FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas/File Photo (REUTERS)
An IndiGo Airlines Airbus A320 aircraft. (REUTERS)
A logo of Lamborghini (REUTERS)
File Photo: A medic worker conducts a dry run for the COVID-19 vaccination program on a beneficiary, at Era Medical College in Lucknow. (ANI)
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration. (REUTERS)
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration. (REUTERS)

After dizzying gyrations, what's bitcoin really worth?

  • The virtual currency barrelled to new highs to rise more than 400% over the past year, before promptly sliding some 20% and then settling around $36,000

As the stock markets soared to new highs, the Scheme E of NPS delivered as high as 22% returns in the last one year, in line with the benchmark returns. Photo: Pradeep Gaur/Mint
As the stock markets soared to new highs, the Scheme E of NPS delivered as high as 22% returns in the last one year, in line with the benchmark returns. Photo: Pradeep Gaur/Mint

NPS schemes deliver returns up to 22% in one year

HDFC Pension Fund gave 21.77% returns in Tier I Account, in the last one year, followed by ICICI Prudential Pension Fund (20.50%), Aditya Birla Sun Life (20.90%).

Currently, long term capital gains on sale of any equity oriented mutual funds schemes and listed equity shares is exempt to the extent of  ₹One lakh every year and beyond one lakh rupees, it is taxed at a flat rate of 10%. Photo: iStock
Currently, long term capital gains on sale of any equity oriented mutual funds schemes and listed equity shares is exempt to the extent of One lakh every year and beyond one lakh rupees, it is taxed at a flat rate of 10%. Photo: iStock

What will be the tax implications on mutual fund returns after 10 years?

Will the money received from my life insurance and equity mutual funds be taxable in my hands after 10 years?

Picture for representational purpose only.
Frontline workers take a selfie with their vaccination record card after receiving the first dose of Covishield vaccine. (ANI)
Frontline workers take a selfie with their vaccination record card after receiving the first dose of Covishield vaccine. (ANI)

Day 1 of India's largest vaccination drive against Covid: Check state-wise list

  • The Central Government said that the Serum Institute's Covishield was supplied to all states and Union Territories while Covaxin developed by Bharat Biotech was used by 12 states
  • The shortfall is on account of Covid-19 vaccination being voluntary

A hospital staff member administers a Covishield vaccine at the Ganga Ram Hospital in New Delhi. (Bloomberg)
A hospital staff member administers a Covishield vaccine at the Ganga Ram Hospital in New Delhi. (Bloomberg)

On Day 1 of vaccination drive, Delhi, Maha, report adverse events: 10 points

  • The total number of adverse events following immunisation (AEFI) post-coronavirus vaccine in Delhi stands at 52 out of which only one is severe
  • Maharashtra reported 14 cases of adverse events, none of them fatal, on Day 1 of the Covid-19 vaccination drive in the state

EPFO has settled 197.91 lakh claims related to final settlement, death, insurance, advance claims and disbursed  ₹73,288 crore till December 31, 2020 (Mint)
8 countries in the @WHO_Europe region have now identified the new COVID-19 variant VOC-202012/01 (AP)
8 countries in the @WHO_Europe region have now identified the new COVID-19 variant VOC-202012/01 (AP)
wsj

Why the New Covid-19 Variants Could Be More Infectious

Mutations in the virus’s appendage have created potentially more infectious versions of the pathogen, including one currently circulating around the world

The strong flows are on account of the positive bias towards emerging markets and because of strong third-quarter earnings
The strong flows are on account of the positive bias towards emerging markets and because of strong third-quarter earnings

FPIs invest 14,886 crore in first half of January

  • As per depositories data, FPIs invested a net 18,490 crore into equities but pulled out 3,624 crore from debt segment between January 1-15
  • The forthcoming US stimulus could be another trigger for positive FPI bias towards emerging markets and India

SBI doorstep banking service facility provides the convenience of banking services to the customers at their doorsteps. (PTI)
A pharmacist holding with gloved hands a phial of the undiluted Pfizer-BioNTech vaccine for Covid-19. (AFP)
A pharmacist holding with gloved hands a phial of the undiluted Pfizer-BioNTech vaccine for Covid-19. (AFP)

Norway raises concern over Covid-19 vaccine jabs for the elderly

  • Pfizer and BioNTech are working with the Norwegian regulator to investigate the deaths in Norway, Pfizer said in an e-mailed statement
  • Australia, which has an agreement for 10 million doses of the Pfizer vaccine, is seeking urgent information on the issue from the producer

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