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A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan and other Asian countries. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. In some variations of chit funds, the savings are for a specific purpose.
Nadar, nicknamed by friends as Magus (Old Persian for "wizard"), since the mid-1990s he has focused his efforts on developing the educational system of India through the Shiv Nadar Foundation. According to Forbes , He is the 3rd richest person in India and the 30th richest person in the world with an estimated net worth of US$40 billion as of ...
Political funding in India is a major concern under need for electoral reforms in India. The financing of the world's most extensive electoral process remains a perplexing issue, as the involvement of businesses in supporting both disclosed and undisclosed expenditures during elections has been a matter of public knowledge for a considerable period.
For example, imagine two companies, each paying a $1 annual dividend rate. The first company trades at $40 per share, whereas the next company trades at $20 per share. Calculate the yields on ...
Dividend per share allows investors in a business to determine how much dividend income they will receive per share of their common stock. Dividends are the portion of profit that a company ...
Vikram Pandit. Vikram Pandit at the World Economic Forum in 2011. Vikram Shankar Pandit (born 14 January 1957) is an Indian-American banker [5] and investor who was the chief executive officer of Citigroup from December 2007 [6] to 16 October 2012 [7] [8] and is the current chairman and chief executive officer of The Orogen Group.
Saradha Group financial scandal. The Saradha Group financial scandal was a major political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds [1] [2] [3] in Eastern India.
The Finance Act, 2020 also imposes a TDS on dividend distribution by companies and mutual funds on or after 1 April 2020. The normal rate of TDS is 10% on dividend income paid in excess of Rs 5,000 from a company or mutual fund. However, as a COVID-19 relief measure, the government reduced the TDS rate to 7.5% for distribution from 14 May 2020 ...