Day: October 9, 2020

Investors Dust Off Trump Trade, This Time Betting He’ll Lose

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Raymond James Predicts Over 100% Rally for These 3 Stocks

After a volatile September, the roller coaster hasn’t ended in October. We had a pleasant surprise for investors, when S&P 500 climbed back above 3,400 to start the month. However, markets didn’t like President Trump’s COVID diagnosis, and the resulting drop. The President is out of the hospital, but now the White House and Congressional Democrats are unable to reach agreement on an economic stimulus package. The combination of good news and bad news makes the markets an intriguing mix of risk and reward. Weighing in on current market

GST Intelligence busts fraud exporter companies who put govt at double loss

The fraud exporters availed Input Tax Credit (ITC) on the invoices of non-existing and fictitious firms or such firms which did not purchase themselves.

GST Intelligence has busted a few exporter companies for defrauding the government through fake claims of Input Tax Credit (ITC) and cash refund of around Rs 61 crore. The fraud exporters availed Input Tax Credit (ITC) on the invoices of non-existing and fictitious firms or such firms which did not purchase themselves, said the Ministry of Finance. The ITC thus availed was utilized to pay IGST on the export goods, which was again claimed

RBI makes priority sector lending smooth; now all NBFCs can collaborate with banks to disburse loans

“Co-Lending Model” is expected to leverage the comparative advantages of banks and NBFCs in a collaborative effort.

RBI Governor Shaktikanta Das today announced a ‘Co-Lending Model’ with an aim to improve the credit flow to the unserved and underserved sectors of the economy. With the new model, all non-banking finance companies (NBFCs), including housing finance companies (HFCs) will be allowed to collaborate with banks to undertake priority sector lending. This “Co-Lending Model” is expected to leverage the comparative advantages of banks and NBFCs in a collaborative effort, said Shaktikanta Das. In the year 2018, the RBI had put in place