@Leisure - Vol-29 | srei

@Leisure - Vol-29

Newsletter
 

Reserve Bank of India introduces new Rs. 2000 banknote

The Reserve Bank of India has introduced a new Rs.2000 colour note. The new note became legal tender on the 9th of November 2016. The introduction of the Rs. 2000 note brings to the fore a new Mahatma Gandhi series of Indian banknotes and is being printed indigenously in Mysore, Karnataka. The 66mm X166mm note has a magenta colour and comes with the portrait of Mahatma Gandhi, the father of the nation. There is also an image of Mangalyaan, India’s first inter-planetary space mission on the obverse side of the banknote.

The banknote has several security features like '2000' written in Devnagari script and 'RBI' written in micro letters on its left side. The note also has a see-through register of the number '2000', which is visible when the note is held against light. When you hold the new Rs.2000 note at an angle of 45 degrees at the eye level, a latent image of the denomination '2000' shows up. The note also features a security thread which has 'Bharat' written in Devanagri and 'RBI' and '2000' written with a colour-shift effect. The colour of the security thread will change when the note is tilted.

The new series of banknotes including the Rs. 2000 note has been introduced by the Reserve Bank of India as the Government of India, in a surprise move, demonetised the old Rs. 500 and Rs. 1000 banknotes. In a surprise address to the nation on the evening of 8th of November 2016, Prime Minister Narendra Modi explained that the demonetisation would be a move against black money, counterfeit currency and terror financing from across the border.

There are several benefits of this move in the long-term. One advantage is that India will move on to cashless means of payments after demonetisation. For those using cash, the Rs. 2000 note will also be a legitimate means to pay for high value transactions because the enhanced security features have reduced the risk of coming across counterfeit currency as was the case with old notes, particularly the Rs.500 note. Demonetisation also instils a sense fear and dread in those who were hoarding black money or evading taxes. This welcome move will generally lead to a cleaner India and it does not come as a surprise then that the new Rs. 2000 note has the Swachh Bharat motif on it.

 

Srei Infrastructure Finance Net Profit surges to Rs. 62 crore in Q2 16

Srei Infrastructure Finance has seen over a five-fold increase in the PAT (Profit after tax) to Rs. 62 crore in the second quarter of 2016 as compared to Rs 11.50 crore recorded during the corresponding quarter of last year. The standalone PAT was Rs 23.02 crore during the second quarter of financial year 2016-17 as compared to Rs 8.15 crore recorded during the corresponding quarter of last year. Srei Infrastructure Finance's total income on a consolidated basis rose to Rs. 1,106.65 crore compared with Rs. 851.48 crore in 2015.

It is important to mention that Srei Infrastructure Finance is benefitting from the steps the company took in unlocking value of its strategic investment portfolio. As of September 30, 2016, assets under management (AUM) of Srei Infrastructure Finance stand at Rs. 36, 513 crore as against an AUM of Rs. 36,246 crore a year earlier.

Srei Infrastructure Finance Business recorded a disbursement of Rs 1,935 crore for the half year ended September 30, 2016. The portfolio size stood at Rs 12,616 crore as on September 30, 2016 as compared to Rs 12,776 crore as on September 30, 2015. The Infrastructure Finance Team made disbursements to a diverse set of infrastructure sectors while continuing to focus on infrastructure subsectors like renewable energy (wind and small hydro), road, port, thermal power, hospitality, SEZs and industrial parks etc.

Srei is one of India's largest private sector integrated infrastructure institutions, constantly and consistently delivering innovative solutions in the infrastructure sector.

 
 

Are Non Convertible Debentures (NCDs) in your retirement plan?

Retirement planning is essential for a secure future. As you near retirement, it makes sense to shift your retirement savings portfolio from being a vehicle of growth to a platform of stability. Non Convertible Debentures (NCDs) can play an important role in not only adding stable returns to your retirement plan but can also help diversify the debt component of your retirement plan.

Investors should consider NCDs for easy access to the debt market. NCDs come with a fixed tenure and are issued by companies to raise money. The difference between NCDs and convertible debentures are that NCDs do not convert into shares. Investors can access NCDs either by applying with a physical form or by buying directly online and storing their NCD investments in their demat account.

There are certain advantages of NCDs; for example, they offer higher interest rates than bank fixed deposits and there is no Tax Deduction at Source (TDS) if a customer opts for the demat route to invest in NCDs. Investors can choose from interest payment options like monthly, quarterly, half-yearly, yearly etc. Non Convertible Debentures are also highly liquid and can be traded on stock exchanges. As always, do your due diligence and check for the rating of the NCD, the credibility of the promoter and the coupon rate on offer before investing.

Having NCDs in your retirement plan will allow you to have access to liquidity, superior returns and eliminate the tension of TDS. Happy investing.

 
 

Buddy Jokes

JOKES

1. "Money is like a sixth sense - and you can't make use of the other five without it."
- William Somerset Maugham

2. "Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work."
- Robert Orben

3. Amit: Can I borrow that book of yours 'How to Become a Crorepati'?
Ramesh: Sure. Here take this.
Amit: Thanks.. but half the pages are missing.
Ramesh: What's the matter? Isn't half a crore enough for you?

4. After 40 years of hard work, a man retired with Rs. 50,00,000 which he had gained through daring, persistence, creativity, skill, devotion to duty, efficiency, smart investment. And the death of an uncle who left him Rs. 49,99,999.

5. Q: What book do women like the most?
A: "Their husbands cheque book!"

 

Buddy Quiz

Fill in the Blanks:

1. Rs. 2000 banknote is of ....... colour and features .......... spacecraft on obverse.

2. Srei Infrastructure finance has seen a .......... increase in consolidated net profit.

3. Non-Convertible Debentures are a .......... tenure instrument.

4. ............... is the highest denomination banknote in India.

5. NCDs are.............. as they can be sold and purchased on the stock markets.

Answer: 1: Magenta, Mangalyaan; 2: Five-Fold; 3: Fixed; 4: Rs. 2000; 5: Liquid;