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Yesterday’s big news was related to home loans. Every year around 10 lakh home loans are given in the country. In 70% of these cases, banks, NBFCs or other financial institutions start the interest meter even before transferring the home loan amount. Whereas, RBI guidelines say that this cannot be done.
At the same time, an FIR has been registered in Kolkata against Dinesh Kumar Saraogi, CEO of Jindal Group company Vulcan Green Steel, for allegedly molesting a female co-passenger on a flight from Kolkata to Abu Dhabi. The incident is of July 16 last week.
Before tomorrow’s big news, today’s major events, which will be in focus…
- A rise can be seen in the stock market today on Monday.
- There has been no change in the prices of petrol and diesel.
Now read yesterday’s big news…
1. Banks are openly flouting the rules: They are starting to charge interest even before giving the home loan amount, doing so is wrong
Every year around 10 lakh home loans are given in the country. In 70% of these cases, banks, NBFCs or other financial institutions start the interest meter even before transferring the home loan amount. Whereas, RBI guidelines say that this cannot be done.
Click here to read the full news…
2. FIR in Kolkata against CEO of Jindal Group company: Accused of showing porn video to a woman on Kolkata-Abu Dhabi flight
An FIR has been registered in Kolkata against Dinesh Kumar Saraogi, CEO of Jindal Group company Vulcan Green Steel, for allegedly molesting a female co-passenger on a flight from Kolkata to Abu Dhabi. The incident took place on July 16 last week.
The parents of the 28-year-old victim Ananya filed a complaint at the Airport Police Station in Kolkata on Saturday, based on which an FIR has been registered at the Bidhannagar City Police Station. This information was given by an officer of Bidhannagar Police.
Click here to read the full news…
3. SEBI Chairperson said – household savings are going into speculation: Preparations for 30% tax on F&O earnings in the budget, government will consider it as speculative income
The number of individual traders has increased by more than 500% in FY 2022 as compared to FY 2019. 90% of active traders suffered an average loss of Rs 1.25 lakh during this period. This was said in the report published by SEBI on January 25, 2023 regarding profit and loss in F&O of individual traders.
‘Any uncontrolled explosion of retail trading in F&O could pose future challenges not just for markets, but also for investor sentiment and household finances. We want to safeguard and ensure this.’ Finance Minister, Nirmala Sitharaman said this at an event in May 2024.
Click here to read the full news…
4. Stock market expected to rise this week: From budget to quarterly results of companies to FII flow, these factors will decide the market movement
The stock market may see a rise this week. The market will keep an eye on Union Budget 2024, first quarter (Q1FY25) results of companies, domestic economic data, US GDP, global economic data, FII-DII flow and upcoming IPOs.
Click here to read the full news…
5. ₹8000 per year to farmers: Understand through the analysis of three budgets, which 5 big announcements can Nirmala Sitharaman make
President Draupadi Murmu said in a joint meeting of MPs on June 27, ‘The government is going to present the budget in the new session. Along with big economic and social decisions, many historic steps will also be seen in this budget.’
This announcement was not made by the President. She was just following a ritual by reading the speech written by the government. Since then, there is a discussion about what kind of announcements Finance Minister Nirmala Sitharaman is going to make on 23 July.
Click here to read the full news…
6. Why is the budget coming again in 5 months: Understand the budget of Modi government from the story of Vivek and his grandmother
‘It is raining heavily outside. You will get wet. Why don’t you take leave from office today?’ Grandma said to Vivek sitting at the breakfast table. Vivek is a journalist. Taking a bite of parantha, Vivek replied- ‘I cannot take leave Grandma. The budget is going to come today.’ The country’s budget means the accounts of the entire financial year of the country.
Financial year means the period of 12 months from 1st April to 31st March of the next year. This means that the Finance Minister prepares the accounts of where the government will get money from and where the government will spend it. In government papers, this is called Annual Financial Statement.
Click here to read the full news…
7. Value of 8 out of top 10 companies increased by ₹2.10 lakh crore: TCS market cap increased the most by ₹42,639 crore, Reliance’s value decreased by ₹56,799 crore
In terms of market capitalization, the value of 8 of the top 10 companies of the country increased by a combined Rs 2,10,330.26 crore (Rs 2.10 lakh crore) last week. During this period, Tata Consultancy Services Limited (TCS) was the top gainer.
During the week’s trading, the IT company valuation increased by Rs 42,639 crore. Now the company’s market cap has become Rs 15.57 lakh crore. Earlier, the company’s market cap was Rs 15.14 lakh crore.
Click here to read the full news…
Also see who were the top 10 richest people in the world yesterday…
The market was closed on Saturday and Sunday due to holiday, so know the status of stock market and gold-silver on Friday…
Know the latest price of petrol, diesel and gas cylinder…
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