Anlon Healthcare Files DRHP Again With SEBI for IPO

Anlon Healthcare Ltd has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for the third time to raise funds through an Initial Public Offering (IPO). The company, which manufactures advanced pharmaceutical intermediates and active pharmaceutical ingredients (APIs), has retained the IPO structure and size from its previous filings.

Filing History

The company first submitted its draft papers in October 2024, which were returned by SEBI in December 2024. It filed the documents again on February 20, 2025, but later withdrew them on March 28 due to unstable market conditions. This is the third submission, and the company has not made any changes to the issue size.

Read more: SEBI Returns Anlon Healthcare’s IPO Draft Papers!

IPO Structure and Size

The proposed IPO will consist solely of a fresh issue of 1.4 crore equity shares. There is no offer-for-sale (OFS) component in this issue. Interactive Financial Services Ltd is the appointed merchant banker for the public offer.

Use of Funds

Proceeds from the IPO will be directed towards the expansion of the company’s manufacturing facility, repayment or prepayment of certain outstanding borrowings, meeting working capital needs, and general corporate requirements. The company has also mentioned the possibility of deploying funds for inorganic growth, though no specifics have been disclosed.

Company Profile

Anlon Healthcare is based in Gujarat and focuses on producing chemical components used in pharmaceutical formulations. Its product portfolio includes pharmaceutical intermediates and APIs used in manufacturing finished dosage forms like tablets, syrups, ointments, and capsules. These also have applications in nutraceutical, personal care, and veterinary products.

Financials

In the recent financial period, Anlon Healthcare reported a profit increase from ₹5.82 crore to ₹9.65 crore. However, revenue during the same period fell from ₹112.9 crore to ₹66.6 crore.

Conclusion

The company is continuing its plan to go public, keeping the IPO structure unchanged. Funds raised will be used across key operational areas, including manufacturing expansion and debt reduction.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

ITR Filing FY25: Can I Switch to the Old Income Tax Regime While Filing ITR?

The old income tax regime allows taxpayers to claim a range of exemptions and deductions under various sections, such as Section 80C for investments, Section 80D for health insurance premiums, and interest on housing loans under Section 24. This regime is typically more beneficial for those who have significant deductible expenses or investments. It provides flexibility to reduce taxable income through planned financial activities.

The New Default Tax Regime and Switching Rules

Since its introduction, the new tax regime has been set as the default option by the Income Tax Department. It offers lower slab rates but removes the majority of exemptions and deductions available under the old regime. If a taxpayer does not explicitly choose their regime at the time of filing, their taxes are computed under the new regime by default.

Fortunately, individuals not having income from business or profession are permitted to choose their preferred tax regime every assessment year. However, those who do have income from business or profession can switch between regimes only once in their lifetime.

Read More: ITR Filing 2025: A Step-by-Step Guide to Using the ‘e-Pay Tax’ Feature!

Can I Change My Tax Regime While Filing ITR?

Yes, individuals can change their tax regime at the time of filing their income tax return. The process is straightforward, but it varies depending on the ITR form you are using.

For ITR 1 and ITR 2

These forms include a direct question:
 “Do you wish to exercise the option u/s 115BAC(6) of opting out of the new tax regime (default is ‘No’)?”

  • Selecting ‘Yes’ means you are choosing the old tax regime.

  • Selecting ‘No’ means you are continuing with the new tax regime.

This feature makes regime selection user-friendly for salaried individuals and pensioners.

For ITR 3 and ITR 4

Taxpayers using these forms—typically those with income from business or profession—must complete and submit Form 10-IEA to change from the default (new) tax regime to the old tax regime.

  • Form 10-IEA must be filed on or before the due date of filing your ITR.

  • Failing to do so will result in tax calculation under the new regime by default.

Conclusion 

While the option to switch between tax regimes exists, the ability to do so is conditional based on the nature of your income and the ITR form applicable to you. Understanding these requirements ensures you select the regime that best aligns with your financial profile, all within the permissible timelines and compliance frameworks of the Income Tax Act.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

सरकार ने 8वें केंद्रीय वेतन आयोग पैनल के लिए प्रतिनियुक्ति पर भर्ती शुरू की

बेसमय से प्रतीक्षित 8वें केंद्रीय वेतन आयोग (सीपीसी) पर आखिरकार काम शुरू हो गया है, क्योंकि वित्त मंत्रालय के तहत व्यय विभाग (डीओई) ने आधिकारिक तौर पर नए वेतन पैनल के गठन की प्रक्रिया शुरू कर दी है। हाल ही में जारी एक रिक्ति परिपत्र में सरकार की प्रतिनियुक्ति के आधार पर आयोग में 35 प्रमुख पदों को भरने की योजना की रूपरेखा दी गई है।  

केंद्र ने 8वें वेतन आयोग पैनल के लिए 35 पदों को भरना शुरू किया 

17 अप्रैल, 2025 की अधिसूचना के अनुसार, सरकार इन पदों के लिए पात्र केंद्रीय सरकारी कर्मचारियों से आवेदन आमंत्रित कर रही है। ये भूमिकाएँ आयोग के अस्तित्व की अवधि के लिए भरी जाएंगी, और नियुक्त सदस्य पैनल के भंग होने पर अपने मूल विभागों में लौट जाएंगे। 

महत्वपूर्ण रूप से, यह भर्ती निरंतर आधार पर होगी, जिसका अर्थ है कि सभी नियुक्तियों को पूरा करने की कोई निश्चित समय सीमा नहीं है। इसके बजाय, उपयुक्त उम्मीदवारों की पहचान होने पर पद भरे जाएंगे। कहा जा रहा है कि आने वाले महीनों में इस प्रक्रिया में तेजी आने की उम्मीद है। 

8वां वेतन आयोग प्रतिनियुक्ति दिशानिर्देश 

नियुक्तियाँ कार्मिक और प्रशिक्षण विभाग (डीओपीटी) द्वारा उल्लिखित मानक मानदंडों का पालन करेंगी। इच्छुक केंद्रीय सरकारी कर्मचारियों को निम्नलिखित जमा करना होगा: 

  • एक नामांकन/आवेदन पत्र।
  • पिछले पाँच वर्षों के लिए एपीएआर (वार्षिक प्रदर्शन मूल्यांकन रिपोर्ट)।
  • विजिलेंस मंजूरी और अन्य आवश्यक दस्तावेज।

8वें वेतन आयोग के गठन की प्रासंगिकता 

यह कदम महत्वपूर्ण है क्योंकि जनवरी 2025 में आगामी 8वें सीपीसी के बारे में घोषणा के बावजूद, सरकार ने अभी तक आयोग या इसके संदर्भ की शर्तों को औपचारिक रूप नहीं दिया था – जो इसके संचालन के लिए मार्गदर्शक ढांचा है। जबकि उन विवरणों का अभी भी इंतजार है, भर्ती शुरू करने से औपचारिक आधार तैयार करने की शुरुआत का संकेत मिलता है। 

एक बार जब पैनल पूरी तरह से कर्मचारियों से भर जाएगा, तो यह केंद्रीय सरकारी कर्मचारियों के लिए वेतनमान, भत्ते और सेवा शर्तों की समीक्षा का व्यापक कार्य शुरू कर देगा। आयोग विभिन्न विभागों, कर्मचारी संघों और हितधारकों के साथ भी पूरी प्रक्रिया में शामिल होगा – एक ऐसा कार्य जिसमें कई महीने लग सकते हैं।   

निष्कर्ष 

सरकार द्वारा प्रतिनियुक्ति के माध्यम से कर्मचारियों को आगे बढ़ाने के साथ 8वें वेतन आयोग का गठन आधिकारिक तौर पर शुरू हो गया है। हालांकि कार्यान्वयन और वेतन संशोधन की सटीक समयसीमा अभी भी अस्पष्ट है, लेकिन यह भर्ती दौर केंद्रीय सरकारी कर्मचारियों के लिए वेतन और भत्ता सुधारों की अगली लहर को शुरू करने की दिशा में एक ठोस कदम का प्रतिनिधित्व करता है। 

 

  

अस्वीकरण: यह ब्लॉग विशेष रूप से शैक्षिक उद्देश्यों के लिए लिखा गया है। उल्लिखित प्रतिभूतियाँ केवल उदाहरण हैं और सिफारिशें नहीं हैं। यह व्यक्तिगत सिफारिश/निवेश सलाह नहीं है। इसका उद्देश्य किसी व्यक्ति या संस्था को निवेश निर्णय लेने के लिए प्रभावित करना नहीं है। प्राप्तकर्ताओं को निवेश निर्णय लेने के बारे में स्वतंत्र राय बनाने के लिए अपना स्वयं का शोध और मूल्यांकन करना चाहिए। 

 ₹30 लाख बनाम ₹40 लाख के घर का सपना: वास्तविक लागत क्या है? 

घर खरीदना कई भारतीयों के लिए एक बड़ा सपना होता है – और आमतौर पर जीवन में एक बार लिया जाने वाला निर्णय होता है। लेकिनफैसला लेने से पहले, आपको पूछना होगा: क्या मुझे ₹40 लाख का घर खरीदने के लिए अपना बजट बढ़ाना चाहिए, या अधिक किफायती ₹30 लाख के घर पर टिके रहना चाहिए?

आइए हम आपको वित्तीय प्रतिबद्धता, जोखिमों और दोनों के दीर्घकालिक प्रभाव की तुलना करके तय करने में मदद करते हैं।

होम लोन पात्रता: क्या आप वह घर खरीद सकते हैं जो आप चाहते हैं?

उधारदाता आमतौर पर आपकी वार्षिक आय के 5 गुना तक होम लोन देते हैं और संपत्ति के मूल्य का केवल 80% वित्तपोषित करेंगे। तो:

  • ₹30 लाख के घर के लिए → ऋण राशि = ₹24 लाख
  • ₹40 लाख के घर के लिए → ऋण राशि = ₹32 लाख

ऐसे ऋणों के लिए योग्यता प्राप्त करने के लिए, ₹30 लाख के घर के लिए आपकी वार्षिक सकल आय लगभग 6-8 लाख और ₹40 लाख के घर के लिए 8-10 लाख होनी चाहिए।

मासिक ईएमआई तुलना (20 साल की अवधि, 8.5% ब्याज)

मान लीजिए कि आप एक मानक 20-वर्षीय ऋण का विकल्प चुनते हैं:

ऋण राशि मासिक EMI मूलधन राशि ब्याज राशि कुल देय राशि
₹ 32,00,000 ₹27,770/माह ₹ 32,00,000 ₹ 34,64,882 ₹ 66,64,882
₹ 24,00,000 ₹20,828/माह ₹ 24,00,000 ₹ 25,98,662 ₹ 49,98,662

मुख्य जानकारी: भले ही बैंक आपकी आय का 60% तक ईएमआई की अनुमति देते हैं, लेकिन आपकी ईएमआई को आदर्श रूप से आपकी मासिक टेक-होम आय के 40-50% के भीतर रहना चाहिए। खर्चों की सीमा लांघना आपकी जीवनशैली और आपातकालीन योजना को नुकसान पहुंचा सकती है।

डाउन पेमेंट: बड़ा घर, बड़ी ज़िम्मेदारी

याद रखें, आपको घर के मूल्य का 20% अग्रिम (या अधिक) भुगतान करना होगा:

  • ₹30 लाख का घर → ₹6 लाख डाउन पेमेंट
  • ₹40 लाख का घर → ₹8 लाख डाउन पेमेंट

विशेषज्ञ आपकी डाउन पेमेंट को 30-40% तक बढ़ाने की सलाह देते हैं यदि आप कर सकते हैं। इससे ऋण राशि, ईएमआई बोझ और लंबी अवधि में भुगतान किया गया ब्याज कम हो जाता है।

क्या आप जीवनशैली प्रतिबद्धता के लिए तैयार हैं?

दीर्घकालिक स्थिरता

घर खरीदने का मतलब है कि आप खुद को बांध रहे हैं – स्थान-वार और वित्तीय रूप से – 15-20 वर्षों के लिए। सुनिश्चित करें:

  • घर आपके करियर और जीवन के लक्ष्यों के अनुरूप है
  • आप शहरों को स्थानांतरित करने या बार-बार नौकरी बदलने की संभावना नहीं रखते हैं
  • यह आपके भविष्य के परिवार की योजनाओं में फिट बैठता है

छुपी हुई लागतें

ऋण ईएमआई और डाउन पेमेंट के अलावा, आपको इस पर खर्च करने की आवश्यकता होगी:

  • पंजीकरण और स्टाम्प शुल्क
  • कानूनी शुल्क और बीमा
  • आंतरिक कार्य, फर्नीचर, मॉड्यूलर रसोई, आदि।

ये आसानी से संपत्ति की लागत में 5-10% जोड़ सकते हैं – तैयार रहें।

तो, ₹30 लाख या ₹40 लाख?

यहां बताया गया है कि इसके बारे में कैसे सोचें:

कारक ₹30 लाख का घर ₹40 लाख का घर
ईएमआई कम (₹20,828 प्रतिमाह) अधिक (₹27,770 प्रतिमाह)
डाउन पेमेंट ₹6-9 लाख ₹8-12 लाख
लचीलापन अधिक – मासिक बजट में राहत कम – मासिक बजट में तंगी
ब्याज (समय के साथ) कम अधिक
भविष्य में अपग्रेड बाद में अपग्रेड करना आसान अपग्रेड करने में अधिक समय लग सकता है

निष्कर्ष

एक बड़ा घर खरीदना लुभावना लग सकता है, लेकिन यह वित्तीय तनाव की कीमत पर नहीं आना चाहिए। यदि ₹30 लाख का घर आपको मन की शांति, बेहतर बचत और अधिक लचीलापन देता है – तो यह एक समझदारी भरा विकल्प है।

₹40 लाख तक फैलाना तभी समझ में आता है जब:

  • आपके पास मजबूत आय वृद्धि की संभावना है
  • आपने पहले ही एक बड़ा आपातकालीन कोष बना लिया है
  • आप एक दीर्घकालिक प्रतिबद्धता के लिए तैयार हैं

आप जो भी चुनें, बुद्धिमानी से योजना बनाएं, जिम्मेदारी से उधार लें और हमेशा सांस लेने के लिए जगह छोड़ दें।

अस्वीकरण: यह ब्लॉग केवल शैक्षिक उद्देश्यों के लिए लिखा गया है। उल्लिखित प्रतिभूतियां केवल उदाहरण हैं और सिफारिशें नहीं हैं। यह व्यक्तिगत सिफारिश/निवेश सलाह नहीं है। इसका उद्देश्य किसी भी व्यक्ति या संस्था को निवेश निर्णय लेने के लिए प्रभावित करना नहीं है। प्राप्तकर्ताओं को निवेश निर्णय के बारे में एक स्वतंत्र राय बनाने के लिए अपना शोध और आकलन करना चाहिए।

प्रतिभूति बाजार में निवेश बाजार जोखिमों के अधीन हैं। निवेश करने से पहले सभी संबंधित दस्तावेजों को ध्यान से पढ़ें।

ओडिशा ने आयुष्मान भारत लॉन्च किया; ऑनलाइन और ऑफलाइन आवेदन कैसे करें – प्रक्रिया जानें

एक ऐतिहासिक कार्यक्रम में, केंद्रीय स्वास्थ्य मंत्री श्री जगत प्रकाश नड्डा और ओडिशा के मुख्यमंत्री श्री मोहन चरण माझी ने संयुक्त रूप से आयुष्मान भारत प्रधान मंत्री-जन आरोग्य योजना (एबी-पीएमजेएवाई) और गोपबंधु जन आरोग्य योजना के तहत सह-ब्रांडेड स्वास्थ्य कार्ड लाभार्थियों को वितरित किए। यह पहल राज्य में सार्वभौमिक स्वास्थ्य कवरेज की दिशा में एक महत्वपूर्ण कदम है। 

स्वास्थ्य मंत्री के अनुसार, एकीकरण से लगभग 1 करोड़ परिवार जुड़ेंगे, जिससे गुणवत्ता और कैशलेस स्वास्थ्य सेवाओं के दायरे में लगभग 3.52 करोड़ नागरिक आएंगे। 

आयुष्मान भारत का राष्ट्रीय प्रभाव और ओडिशा का संरेखण 

अपनी स्थापना के बाद से, आयुष्मान भारत ने पूरे देश में जीवन को प्रभावित किया है। इस योजना के तहत 8.19 करोड़ से अधिक लोगों ने उपचार प्राप्त किया है, जिसमें सरकार ने आवश्यक स्वास्थ्य सेवा तक पहुंच सुनिश्चित करने के लिए ₹1.26 लाख करोड़ का संचयी व्यय किया है। 

इस योजना की सबसे उल्लेखनीय उपलब्धियों में से एक जेब से होने वाले स्वास्थ्य व्यय में कमी है, जो 62% से घटकर 38% हो गया है, जिससे नागरिकों को वित्तीय बोझ के बिना उपचार कराने में मदद मिली है। 

गोपबंधु जन आरोग्य योजना को एबी-पीएमजेएवाई के साथ जोड़कर, ओडिशा अपने लोगों के लिए एक एकीकृत मंच के तहत लाभों को सुव्यवस्थित कर रहा है, जिससे पहुंच और प्रशासनिक दक्षता दोनों में सुधार हो रहा है। 

आयुष्मान वाए वंदना योजना भी शुरू की गई 

सह-ब्रांडेड स्वास्थ्य कार्ड के साथ, आयुष्मान वाए वंदना योजना भी ओडिशा में शुरू की गई। यह नई पहल बुजुर्ग आबादी की स्वास्थ्य सेवा आवश्यकताओं को पूरा करने के लिए तैयार की गई है, जिससे व्यापक कवरेज और समावेशी पहुंच सुनिश्चित हो सके। 

ओडिशा में योजना के लिए कौन पात्र है? 

ओडिशा में आयुष्मान भारत योजना के लिए पंजीकरण करने के लिए पात्रता मानदंड में निम्नलिखित शामिल हैं: 

  • आवेदक ओडिशा के स्थायी निवासी होने चाहिए। 
  • 70 वर्ष से अधिक आयु के वरिष्ठ नागरिक पात्र हैं। 
  • व्यक्ति आर्थिक रूप से कमजोर वर्गों से संबंधित होने चाहिए। 

ये पैरामीटर सुनिश्चित करते हैं कि यह योजना उन लोगों तक पहुंचे जिन्हें इसकी सबसे अधिक आवश्यकता है और ओडिशा की न्यायसंगत स्वास्थ्य सेवा के प्रति प्रतिबद्धता का समर्थन करता है। 

ओडिशा में आयुष्मान भारत कार्ड के लिए ऑनलाइन पंजीकरण कैसे करें 

हालांकि ओडिशा ने अभी तक राज्य-विशिष्ट ऑनलाइन आवेदन शुरू नहीं किया है, लेकिन उम्मीद है कि यह नीचे उल्लिखित राष्ट्रीय प्रक्रिया का पालन करेगा: 

  • आधिकारिक आयुष्मान भारत वेबसाइट पर जाएं। 
  • अपना मोबाइल नंबर दर्ज करें, कैप्चा हल करें और लॉग इन पर क्लिक करें। 
  • राज्य, जिला, आधार नंबर, योजना का नाम, पीएमजेएवाई आईडी या परिवार आईडी का उपयोग करके खोजें। 
  • आगे बढ़ने के लिए ‘एक्शन’ बटन पर क्लिक करें। 
  • पंजीकरण फॉर्म भरें और आवश्यक दस्तावेज अपलोड करें। 
  • जानकारी की समीक्षा करें और प्रक्रिया को पूरा करने के लिए ‘सबमिट’ पर क्लिक करें। 

स्वास्थ्य केंद्र पर ऑफलाइन पंजीकरण कैसे करें 

जो लोग ऑफलाइन पंजीकरण पसंद करते हैं, उनके लिए प्रक्रिया इस प्रकार है: 

  • निकटतम स्वास्थ्य और कल्याण केंद्र (एचडब्ल्यूसी) पर जाएं। 
  • अधिकारी से परामर्श करें और आवश्यक दस्तावेज प्रदान करें। 
  • अपने यूआईडी कार्ड का उपयोग करके बायोमेट्रिक प्रमाणीकरण पूरा करें। 
  • सफल पंजीकरण पर, भौतिक आयुष्मान भारत कार्ड प्राप्त करें। 

निष्कर्ष 

सह-ब्रांडेड स्वास्थ्य कार्ड पहल केंद्र और राज्य के बीच एक सहयोगात्मक स्वास्थ्य सेवा मॉडल को दर्शाती है। दोहराव को समाप्त करके और राज्य-स्तरीय और केंद्रीय-स्तरीय योजनाओं को एकीकृत करके, ओडिशा का लक्ष्य स्वास्थ्य सेवा वितरण को निर्बाध और कुशल बनाना है। 

जैसे-जैसे यह पहल आगे बढ़ती है, यह न केवल कार्डों के वितरण का प्रतीक है, बल्कि स्वस्थ समुदायों और एक सशक्त सार्वजनिक स्वास्थ्य सेवा बुनियादी ढांचे की दृष्टि का भी प्रतीक है। 

अस्वीकरण: यह ब्लॉग केवल शैक्षिक उद्देश्यों के लिए लिखा गया है। उल्लिखित प्रतिभूतियां केवल उदाहरण हैं और सिफारिशें नहीं हैं। यह व्यक्तिगत सिफारिश/निवेश सलाह नहीं है। इसका उद्देश्य किसी व्यक्ति या संस्था को निवेश निर्णय लेने के लिए प्रभावित करना नहीं है। प्राप्तकर्ताओं को निवेश निर्णयों के बारे में स्वतंत्र राय बनाने के लिए अपना शोध और मूल्यांकन करना चाहिए।   

 

How ₹48 Lakh Can Become ₹6 Crore: The Power of 20% Compounding Through the 20-20-20 SIP Rule

The 20-20-20 rule is a popular heuristic in the world of systematic investment. It refers to investing ₹20,000 per month, for 20 years, at an assumed return of 20% per annum — the result being a corpus of ₹6 crore or more.

While 20% annualised returns are aggressive and historically uncommon across entire market cycles, the intent behind this rule is to demonstrate the phenomenal impact of compounding when time, capital, and return potential work in harmony.

The Basic Assumptions of the Model

Let’s break down the components of this investment model:

  • Monthly SIP Amount: ₹20,000

  • Total Investment Tenure: 20 years

  • Total Capital Invested: ₹48,00,000 (₹2.4 lakh per year × 20 years)

  • Expected CAGR (Compound Annual Growth Rate): 20%

Compounding at 20% Annually With Monthly SIPs

When a consistent SIP of ₹20,000 per month is invested for 20 years and compound annually at 20%, the results are staggering, calculated using a SIP calculator. 

  • Future Value: ₹6,32,29,587
  • Estimated Returns:₹5,84,29,587
  • Investment Period: 240 months
  • Total Capital Invested: ₹48,00,000 (₹2.4 lakh per year × 20 years)

This scenario represents the essence of the 20-20-20 rule — converting ₹48 lakh into a potential ₹6.32 crore corpus with time, discipline, and high compounding.

Read More: Retirement Planning with SIP: How ₹15,000 Monthly Investment for Just 5 Years Can Grow into ₹2.10 Crore by Retirement. 

The Underlying Power of Compounding

Compounding, when paired with regular investing and time, results in exponential wealth creation. At a 20% CAGR, each year’s returns build upon the previous year’s total — creating a snowball effect. The 20th year alone contributes a massive chunk of the final corpus, far outweighing the early years.

Conclusion

The 20-20-20 SIP rule is less about predicting exact returns and more about showcasing what’s possible when discipline, patience, and smart investing come together. Whether markets deliver 12%, 14%, or 20% over the long term, the foundation of wealth building remains the same: start early, invest consistently, and let compounding do its work.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Understanding Premature Redemption of SGBs: Tax Rules and Should You Redeem or Not?

Sovereign Gold Bonds (SGBs) were launched in November 2015 by the Government of India as part of the broader Gold Monetisation Scheme. These bonds were designed to serve multiple purposes — primarily to reduce the physical demand for gold, encourage the financialisation of household savings, and utilise idle gold for productive purposes within the economy.

The bonds are issued by the Reserve Bank of India (RBI) on behalf of the Government and offer a unique way for investors to gain exposure to gold without the need to hold the physical asset.

Understanding the Tenure and Redemption of SGBs

SGBs have a fixed tenure of 8 years, but investors are given the flexibility to exit after 5 years from the date of issue through a premature redemption window facilitated by the RBI. This provision gives investors a mid-way liquidity option while still allowing them to benefit from potential appreciation in gold prices.

Recently, with the price of gold (999 purity) witnessing a significant surge, the RBI has announced premature redemption options for several SGB series. This includes the upcoming redemption of SGB 2027-18 Series IV and Series V, scheduled in April 2025.

Why the RBI is Opting for Premature Redemptions

The decision to discontinue certain SGB series and initiate premature redemptions is closely tied to the current market conditions. High gold prices translate into increased redemption payouts, making the continued servicing of these bonds costly for the government. By offering early redemptions, the RBI aims to optimise borrowing costs while giving investors an opportunity to exit profitably.

What Should Investors Consider?

Over the past five years, especially post-COVID-19, gold prices have appreciated sharply. This uptrend presents a potentially lucrative exit point for SGB holders. However, whether to redeem prematurely or hold until maturity depends on individual financial goals and portfolio allocations.

If your gold exposure has increased beyond 10–15% of your overall portfolio due to the rally, it may be sensible to redeem and book profits to rebalance your asset allocation. On the other hand, if your gold holding is within the desired range, continuing with SGBs until maturity might still serve long-term goals, while also ensuring continued interest income.

How to Redeem SGBs Prematurely

To redeem SGBs before maturity, investors must approach the institution, bank, post office, or broker through which the bonds were originally purchased. The RBI specifies redemption dates and guidelines in advance, and SGB units must be tendered accordingly.

It is advisable to ensure that all KYC details and demat account linkages are up to date to facilitate a smooth redemption process.

Read More: Did You Miss SGB Premature Exit Window: Check What You Should Know. 

Tax Implications of Sovereign Gold Bonds

Interest earned on SGBs is taxable under the head ‘Income from Other Sources’ as per the Income-tax Act, 1961, and is taxed according to your applicable income tax slab.

However, the capital gains from premature redemption via the RBI’s five-year window are exempt from Long Term Capital Gains (LTCG) tax. This provides a considerable tax benefit for those planning to redeem through the official RBI schedule.

If the SGBs are sold on the secondary market instead, capital gains tax applies along with relevant surcharges and cess. Importantly, holding SGBs until the full tenure of 8 years results in zero capital gains tax, as these are not treated as transfers under the prevailing tax laws.

Conclusion 

While the RBI’s move to redeem certain SGBs prematurely aligns with fiscal prudence and market dynamics, investors must evaluate their individual circumstances before making any decision. Reviewing gold allocation within the broader portfolio, understanding tax implications, and being aware of the procedural requirements for redemption are all key elements to keep in mind.

This information is intended to help you stay informed about the structure and implications of holding Sovereign Gold Bonds. Always stay updated with RBI announcements and consult your financial adviser for personalised guidance.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

NPS Sees Surge with 12 Lakh New Private Sector Subscribers in FY25

The National Pension System (NPS) marked a significant achievement in the financial year 2024–25, registering over 12 lakh fresh enrollments from the private sector. This rise in participation has taken the total subscriber base to more than 165 lakh by March 2025, signalling a growing shift towards structured retirement planning among working professionals outside the government sector.

What is Driving the Growth in NPS?

Several factors have contributed to the spike in NPS participation. Chief among them is increased awareness of retirement security and the benefits of long-term investing. Additionally, reforms and technology-driven accessibility have made it easier for individuals in the private sector to open and maintain NPS accounts.

Read More: NPS: National Pension Scheme, All You Need to Know

NPS Vatsalya: Early Retirement Planning for Children

A noteworthy development during the year was the launch of NPS Vatsalya in September 2024, a sub-scheme designed specifically for minors. The concept of early financial planning resonated with families, leading to over one lakh children being enrolled in a short time. This initiative has helped embed retirement awareness from a young age.

APY’s Parallel Growth and Role in Pension Coverage

While the NPS led the way in private sector engagement, the Atal Pension Yojana (APY) also saw remarkable growth, with 11.7 million new enrollments during the same year. The total APY subscriber count crossed 76 million as of March 2025. The scheme continues to provide a guaranteed monthly pension of  ₹1,000 to ₹5,000, and offers family benefits upon the subscriber’s death.

Robust Asset Growth Reflects Rising Trust

The combined Assets Under Management (AUM) of NPS and APY increased by 23%, reaching Rs 14.43 lakh crore by the end of FY25. This financial performance underscores the growing role these schemes play in India’s pension architecture, especially as more individuals turn to them for building retirement wealth.

High Returns and Growing Inclusivity

The APY scheme maintained a high average annual return of 9.11%. Furthermore, FY25 witnessed encouraging signs of inclusivity, with women accounting for about 55% of the new APY subscribers. This shows an upward trend in financial literacy and retirement preparedness among women.

Simplified Processes Through Regulatory Reforms

To improve ease of access, the Pension Fund Regulatory and Development Authority (PFRDA) allowed account opening through three Central Recordkeeping Agencies—CAMS, KFin, and Protean eGov Technologies. Contributions to APY are now accepted via auto-debit from both bank and post-office savings accounts, streamlining the process for users.

Driving Awareness Through Outreach Initiatives

During FY25, PFRDA conducted 32 APY outreach programmes across the country. These initiatives, in collaboration with State Level Bankers’ Committees (SLBCs) and Lead District Managers (LDMs), aimed to train banking staff and raise public awareness about pension schemes, playing a key role in their sustained growth.

Conclusion

As more individuals opt for the National Pension System, especially from the private sector, NPS is increasingly being viewed as a foundational component of personal financial planning in India. Its structured approach, flexibility, and long-term benefits have positioned it as a prominent vehicle for retirement preparedness in the country.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

India’s Economic Edge Amid Global Supply Chain Shifts: Insights from RBI’s April Bulletin

According to the Reserve Bank of India’s (RBI) April bulletin, India stands at a strategic juncture as global supply chains undergo realignments. In an increasingly volatile global environment, companies are actively diversifying their manufacturing bases and investment destinations. With established trade linkages and a growing reputation for resilience and scalability, India is emerging as a compelling choice for multinational supply chains.

This shift is not accidental—it is the result of cumulative trade agreements, policy reforms, and India’s large domestic market, which together make the country a significant player in global trade dynamics.

FDI Diversification and Investor Confidence

The bulletin highlights the diversification of Foreign Direct Investment (FDI) sources as another positive signal for India’s external sector. As global investors seek to reduce risk and enhance resilience in their investment strategies, India’s consistent policy efforts and improved ease of doing business have made it a preferred destination.

The growing interest from multiple investor geographies not only mitigates concentration risk but also contributes to long-term economic stability. Engagement with a broader set of global stakeholders helps reinforce India’s image as a dependable economic partner.

Services Exports and Remittances: A Resilient Buffer

India’s strength in services exports and steady remittance inflows continues to be a reliable cushion for the current account. These two factors serve as vital financial buffers in times of global uncertainty.

Service sectors such as information technology, consulting, and business process outsourcing remain robust, helping offset trade imbalances. Additionally, remittances from the Indian diaspora, particularly from the Gulf and Western economies, provide stable foreign exchange earnings.

Domestic Demand: India’s Internal Growth Engine

Despite concerns over a slowing global economy due to heightened trade and tariff tensions, the RBI bulletin suggests that India’s domestic growth is driven primarily by internal engines—namely, consumption and investment. These components are deemed relatively insulated from external shocks.

Private consumption, supported by demographic trends and a growing middle class, continues to sustain demand. Meanwhile, public and private sector investments in infrastructure and manufacturing are expected to support economic momentum even if external demand softens.

Agricultural Outlook Buoyed by Monsoon Forecast

Adding to the positive domestic narrative is the forecast of an above-normal southwest monsoon for 2025. A favourable monsoon season typically enhances agricultural productivity, raises rural incomes, and contributes to food price stability.

For a largely agrarian economy, such developments are crucial not only for rural demand but also for maintaining inflation within a manageable band, thereby supporting broader economic stability.

Turning Volatility into Opportunity with Calibrated Policy

The bulletin article underscores that while global economic uncertainty poses challenges, it also presents a strategic opportunity for India. With well-calibrated policy interventions, the country can reinforce its standing in the evolving global economic order.

This includes policies that promote manufacturing competitiveness, ease of business, and infrastructure development, allowing India to attract more investment and play a larger role in global supply chains.

Read More: RBI Revises LCR Norms: New Run-Off Rates for Digital Deposits and Trust Funding. 

Conclusion

While the bulletin provides forward-looking observations, the RBI clarified that the views expressed in the ‘State of the Economy’ article are those of the authors and not the official stance of the central bank. Nonetheless, the analysis offers valuable insights into India’s positioning and prospects amid global shifts.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Nakoda Group of Industries Swings to Profit; Meeting on April 25 for Final Call on Rights Issue

Nakoda Group of Industries Limited, a key player in India’s food processing sector with reputed clients like Britannia, Amul, and HUL, marked a significant shift in its financial trajectory in Q3FY25, showing improved profitability despite relatively flat revenues.

Particulars Q3 FY25 (₹ Lakhs) Q3 FY24 (₹ Lakhs) Growth (%)
Revenue from Operations 1,423.15 1,445.90 -1.58%
Total Expenditure 1,350.55 1,438.91 -6.14%
EBITDA 72.60 7.06 928.33%
Profit Before Tax (PBT) 0.04 -71.70 Loss to Profit
Profit After Tax (PAT) 0.03 -54.18 Loss to Profit
Diluted EPS (₹) 0.11 -0.45 Loss to Profit

Key Highlights

Marginal Dip in Revenue

The company posted a revenue of ₹1,423.15 lakh in Q3FY25, a slight decline of 1.58% compared to ₹1,445.90 lakh in Q3FY24. This minimal drop suggests stable topline performance, despite broader market challenges.

Sharp Reduction in Operating Costs

A noteworthy reduction in raw material expenses—from ₹1,328.42 lakh in Q3FY24 to ₹1,249.22 lakh in Q3FY25—contributed significantly to cost control. Other expenses also saw a reduction of over ₹12 lakh year-on-year.

EBITDA Shows Dramatic Improvement

The EBITDA surged to ₹72.60 lakh from just ₹7.06 lakh in the same quarter last year, indicating a robust improvement in operational efficiency. The EBITDA margin expansion points to better absorption of fixed costs and optimised expenditure.

Return to Profitability

The company reported a modest net profit of ₹0.03 lakh in Q3FY25 compared to a loss of ₹54.18 lakh in Q3FY24. This turnaround is significant, demonstrating a positive shift in the bottom line.

Read More: HCLTech Q4 Results: Net Income Rises 8.1% YoY, ₹18 Dividend Announced; 6% Rise in Share Price. 

Overview of the Rights Issue Development

Nakoda Group of Industries Limited has announced an important update regarding its ongoing rights issue. As per the company’s intimation, a meeting of the Rights Issue Committee is scheduled to be held on Friday, April 25, 2025. The purpose of this meeting is to consider the second and final call on 49,54,654 partly paid-up equity shares that were previously issued under the rights issue scheme.

Details of the Partly Paid-Up Shares

The rights issue involved the issuance of partly paid equity shares. The company has already made an initial call on these shares, and the upcoming meeting aims to finalise the payment structure for the remaining balance. Once fully paid, these shares will be on par with existing fully paid equity shares in terms of rights and entitlements.

  • Number of shares pending final call: 49,54,654

  • Status: Awaiting second and final call decision

Conclusion

Nakoda Group of Industries’ Q3FY25 performance underscores a strategic recovery driven by operational efficiency. While revenues remained flat, significant gains in EBITDA and the swing to profitability indicate the company’s resilience and efficient cost management practices. These developments will be closely observed by stakeholders as the company moves forward in the fiscal year.

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