India took ‘decisive’ steps to deal with coronavirus pandemic: IMF chief


IMF Managing Director Kristalina Georgieva has praised India for taking “very decisive” steps to deal with the pandemic and its economic consequences and asked the country to do more this year to support an accelerated transformation of the economy.

Participating in a global media roundtable on Thursday, the chief of the International Monetary Fund predicted a less bad outlook for India in the upcoming World Economic Update due to the steps taken by it.

When I called on everybody to stay tuned for January 26, that applies very much to India. You would see a picture in our update that is less bad. Why? Because the country actually has taken very decisive action, very decisive steps to deal with the pandemic and to deal with the economic consequences of it, Georgieva said.

The IMF is scheduled to release its World Economic Update on January 26. Talking about India, she said it was a very dramatic lockdown for a country of this size of the population with people clustered so closely together.

“Then India moved to more targeted restrictions and lockdowns. What we see is that that

‘As promised’: Elon Musk confirms Tesla’s India entry with 2-word tweet


CEO has confirmed the company’s plans to enter the Indian market, within days of the electric vehicle maker registering its arm in the country.

“As promised,” Musk tweeted in response to a thread linked to a blog that analysed how India could still be a market to be developed for cars despite its high prices.

Earlier this week, it emerged that US electric car maker has registered its Indian arm amid indications that the company is set to enter the country’s automobile market.

According to a regulatory filing, the firm has registered Tesla India Motors and Energy Pvt Ltd with Registrar of (RoC) Bangalore.

The company has been registered as an unlisted private entity with a paid-up capital of Rs 1 lakh.

Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein have been appointed as directors of Tesla India, as per the RoC filing.

The company is reportedly in talks with five states as it explores feasibility of setting up its manufacturing unit and research and development (R&D) centre in India.

Last month, Union Minister Nitin

Top 5 best SIP plans for FY 2018-19 in India


If you’re serious about building a huge corpus to meet your future financial goals, you will NEED to carefully select and invest your hard-earned money in the best SIP plans available. 

We’re sure you’re wondering: 

Why SIP Investment?

Here’s your answer: After demonetization,SIP investments Plans have emerged as the less risky investment instruments that provide capital security by hedging the risk of inflation. No wonder, SIP investment has become the go-to investment instrument for investors who want to generate attractive returns, without risking their capital investment.

And that’s not all: some of the best SIP plans have consistently generated annual returns of approximately 20% for the last two decades.

No wonder: A report by AMFI revealed that the Mutual Fund industry added an average of 10.07 lacs SIP accounts each month, with average SIP size of around ₹3,200 per SIP account in FY 2018-19. 

But here’s the deal: There are hundreds of SIP plans available in the market and taking the best pick remains a cumbersome task even for the most seasoned of investors. 

In this post, we will present to you the best SIP plans in India for FY2018-19 to help you take the best pick. 

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