- Wealth PMS (50L+)
A crisp update on all that’s happened this week – Saturday Coffee with Capitalmind. ☕️ and a very special Holi Offer!
Stocks this week
A snapshot of how stocks in the CNX 500 did while the benchmark indices declined by 2%
Story of the week
But first, “Aap chronology samajhiye”..
March 2020: At the outbreak of the COVID19 pandemic, the RBI said something like: You don’t have to pay EMIs for three months. That was hugely misunderstood and apparently, hugely mis-thought also. And, then came a fancy Italian rooted word – moratorium. We wrote a simple explainer on this – 3 Months of no EMIs, But why you should pay if you can.
November 2020: The Government then issued a clarification on waiving “interest on interest”, which led to people receiving credits in their bank accounts – Is there an ex-gratia amount of money paid to your account? Here’s why.
This week: All these clarifications added more confusion than clarity and then there was also a case in Supreme Court seeking waiver of interest on interest for all the loans. The order for that case was out earlier this week – Ok, Tell them your NPAs, says the Court. Will all hell break loose now?
Search engine that’s Indian
This company started as a voice based local search engine in 1996. Yes, a little before google started! Over a period of time this company expanded to platforms like website, mobile app, text (sms) etc. Currently, the company has a robust pan-India presence of 250+ cities covering 11,000 pin codes.
[Premium]: Just Dial- How India’s first search engine is making a strong comeback
Taxes are taxing!
It was a rather extraordinary year – the world came to standstill, crude futures quoted negative prices, and we witnessed a pandemic after 100 years! But these little things can’t budge an eventuality of life – taxes. So here are some articles to help you avoid some last minute mistakes –
Slaying it on slack [Requires Premium Access]
[Premium] Quick links to some of the most awesome discussions we have on our slack community –
Links we liked
Here are some of the handpicked links from across the internet that we enjoyed and we think you will too –
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Until next week! 🤟