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Finance minister Nirmala Sitharaman has asked Indian industry to partner with startups and use their solutions in developing products. She also sought to know from the captains of Indian industry to give 'out of the box' ideas on what could act as catalyst to boost investment.
She said ‘I find the pace at which startups and their solutions are moving. Actually the solutions are for you. But you should move as fast as they do or else you will be where you are and they will find newer industry or business activity for which they will come up with solutions which are lucrative and you are going to be where you are’. She also said ‘So I would think working together with startups for products... or for technology requirement is the need of the hour and you should now unhesitatingly partner to get that benefit’.
She said for the new sunrise sector, Production Linked Incentive (PLI) scheme can be a good incentive. She said ‘But I also think beyond PLI is there is anything that you think is that one little catalyst which can give you the lead, what is that?’. She also urged industry to think of out-of-the-box investment drawing and technology drawing ideas, and out-of-the-box working together with startups to get your solutions. She said post-Covid the industry has started looking at the India opportunities beyond their own sectors and is calibrating investment plans in line with technology, SDG and sustainability imperatives.
On the suggestion of reducing Goods and Services Tax (GST) on cement from the current 28%, to bring down the cost of construction both for public works and private construction activities like housing, the finance minister said that the issue will be examined and if required will be considered for reference to the GST fitment committee.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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