Gold Silver Reports – New Rules for Chit Funds and Deposit Schemes – Taking advantage of low financial literacy and greed of people looking for higher returns on their investments, many fraudulent deposit schemes and chit funds have collected huge amounts of money and vanished.
Economic
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Nifty Earnings Must Break Six-Year Jinx To Meet FY19 Forecasts
Gold Silver Reports – Nifty Earnings Must Break Six-Year Jinx To Meet FY19 Forecasts — Analysts expect average earnings of companies in the benchmark Nifty 50 Index to grow at its fastest pace in eight years. To be proven right, they will have to break a six-year jinx.
Gold Prices to Soar on Tax Reforms & Inflation Fuels
Gold Silver Reports – Gold Prices to Soar on Tax Reforms & Inflation Fuels — The Federal Reserve raised rates for the third time in 2017 following the Federal Open Market Committee (FOMC) meeting on 12 December. Since 2015, gold has established a year-end pattern where it becomes oversold ahead of the December Fed rate decision.
Goldman Says Growth Is Bigger Fed-Hike Factor Than Market Thinks
Gold Silver Reports – Investors have been underestimating the importance of U.S. economic growth for Federal Reserve policy, and giving too much relative emphasis to inflation and wage data that have tended to disappoint expectations, according to Goldman Sachs Group Inc.
New Deadline: Steps to Link PAN with Aadhaar
Gold Silver Reports – It has been decided to further extend the time for linking of Aadhaar with PAN till 31.03.2018; here is a quick look at how to do it