Dheeraj Arora

Founder @boomerangs.ai

I love talking about markets, economics, technology.

[Dheeraj Arora @dheerajarora]

@theskindoctor13 Nothing to do with trust. There are traffic rules - In Right Hand driving system, the car on someone's right gets preference and the other car must yield.

In most of the countries, people know traffic rules and follow them. In India, people don't

[Dheeraj Arora @dheerajarora]

This is clearly a violation of RBI guidelines, hence RBI’s scrutiny for these transactions:

https://t.co/lp6qkt7Txa

Note that earlier #Paytm and #AmazonPay had similar services but now they allow payments only when a merchant bank account exists.

[Dheeraj Arora @dheerajarora]

Everyone has heard of paying rent via #creditcards. There is one important regulation which is generally missed by many.

For a landlord to receive money via credit / debit card he needs to have a #MerchantBank account.

#rent #Finances #RBI

[Dheeraj Arora @dheerajarora]

Fintechs such as #Cred, #OneCard etc are allowing an individual to pay rent to the landlord without the merchant bank account.

These apps ask the landlord bank account details and allow to make payments via a credit card. Internally, they route funds via an escrow account.

[Dheeraj Arora @dheerajarora]

The trade pact between #EFTA and #India are in the news. Some major benefits to Switzerland (India's largest trading partner in EFTA bloc) and to India are:

#trade

[Dheeraj Arora @dheerajarora]

@BLR_Airport I saw 3 stray dogs at pick up area on Terminal 1. One of the dogs was violent, was continuously barking and scaring the passengers. This is a major security risk!!!

@JM_Scindia

[Dheeraj Arora @dheerajarora]

The government in the same period will also launch first ever 30 year #green bonds.

Green bonds are debt securities designated to finance environmentally friendly projects.

Market does not expect any premium in this segment, so to say no #greenium.

[Dheeraj Arora @dheerajarora]

#India is going to issue a 50-year government #bond for the very first time. The maximum tenor presently is 40 years.

The demand for this tenor has come from the insurance companies and the provident funds to manage their asset liability books.

[Dheeraj Arora @dheerajarora]

The government plans to raise 6.55 trillion INR from Oct 23 to Mar 24, out of which 300 billion INR will be from 50 year bonds.

The present #yield curve 30 year onwards will be flat, but the yields in the near future will go down largely because of #JPMorgan bond inclusion.

[Dheeraj Arora @dheerajarora]

If you want me to make an excel calculator to help you calculate the actual FD returns, comment in the thread and I will share in a week.

[Dheeraj Arora @dheerajarora]

Understanding a #FixedDeposit product is tedious. You always think that it is the simplest investment product out there. But is it?

May be that’s why #banks take advantage and don’t explain the #compounding. No two banks’ #FD rates for the same tenor can be directly compared.

[Dheeraj Arora @dheerajarora]

3. If the bank is offering you quarterly compounding, then your payout will be 111,457.

The payout under scenario 1 i.e. simple interest of 7.25% is equivalent to 6.95% FD compounded quarterly.

How many people can do these calculations before booking the #FD.

[Dheeraj Arora @dheerajarora]

6. In case of a global event which can have an impact on Indian capital markets, this extended trading session will allow the investors to #hedge their portfolio risk.

Let's see if #SEBI provides the approval. #nseindia

[Dheeraj Arora @dheerajarora]

1. #NSE has requested #SEBI 's approval for holding evening trading sessions in the #equity derivatives segment from 6 pm to 9 pm.

2. NSE plans to extend only index #futures and #options during this extended time.

[Dheeraj Arora @dheerajarora]

3. The trades executed during this time will have the next day expiry

4. If this happens, it will bring India on par with global exchanges.

5. Only index based futures and options are proposed so that there is no impact on interoperability of exchanges

[Dheeraj Arora @dheerajarora]

The deadline has been extended to 31st December 2023 now.

[Dheeraj Arora @dheerajarora]

The deadline for updating #nominees in the #demat accounts is 30th September 2023

Failure to comply with the deadline will result in frozen accounts or folios

This deadline has been extended multiple times, so seems like no more extension now

Go and update the nominees #SEBI

[Dheeraj Arora @dheerajarora]

The deadline for updating #nominees in the #demat accounts is 30th September 2023

Failure to comply with the deadline will result in frozen accounts or folios

This deadline has been extended multiple times, so seems like no more extension now

Go and update the nominees #SEBI