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Markets GDP EUR/GBP: The Pound has come under notable pressure in recent sessions with last week seeing the currency post its worst week against the USD since December and September against the Euro. A factor behind the recent weakness had stemmed from the short squeeze in EUR/GBP. However, with the move looking to have taken its full course having failed to break the 0.87 handles, GBP may find a...

A 52-year-old female underwent a heart transplant for a dilated cardiomyopathy. It transpired that 30 years before she had complained of some palpitations and was taken into a major hospital. In the cardiac unit she underwent various tests. Her palpitations settled without any particular management, but she was told she had a “weak heart”. No follow-up was arranged at the time, but she was advised...

Markets GDP The pound has softened against most peer currencies over the last day. Cable has posted a six-day low at 1.3772, down on the 18-day high seen yesterday at 1.3920. The biggest moves have been seen against the yen and euro, which have outperformed the main currencies we keep tabs on over the last day. This is something of a reversal of recent themes, with the yen and euro having lately b...

Markets GDP The cable tipped back under 1.3900 after earlier pegging an 18-day high at 1.3920. The pound yesterday printed a 14-month high versus the euro, which although occurring in holiday-thinned trading reflects the contrasting fortunes of the reopening UK economy with the re-restricted economies across the Channel. The rate of new Covid cases now 4% of what it was at the peak seen in early J...

INDUSTRIAL PARKS ACT The Industrial Parks Act (the ’Act’) was promulgated on March 12, 2021 in vol. 21 of the State Gazette, which establishes a regulation regarding the status of industrial parks and the conditions for their creation, construction, operation and development. Among the goals of the new normative act is to improve the economic efficiency of the enterprises, to attract and stimulat...

By CA Nilesh M Kapadia Background Double taxation of income – first, in the hands of the companies and thereafter in the hands of the shareholders on distribution as dividend is prevalent worldwide and is the classical system of dividend taxation. The manner in which dividend income is taxed in India has undergone changes over the years. In 1997, India introduced the Dividend Distribution Tax (‘DD...

Markets GDP Cable held near the midway point of a sideways range that's been seen over the last four trading days, around the 1.3760-70 mark. We expect the pound to remain on a firming track against the euro and yen, but to struggle more in the cases against the dollar and cyclical currencies, such as the dollar bloc units. Incoming BoE policymaker remarks have been reflecting on the overall...

By Alan Rosca When the COVID-19 crisis sent global markets crashing in March 2020, most investors heard the advice: “Don’t look at your 401-K. Don’t look at your portfolio.” And that is excellent advice. For most investors, the best strategy is to have a well-diversified portfolio and stick with it through the ups and downs of the market. That is, assuming you have a well-diversified, fairly plain...