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"Gold looks on a better footing. It has delivered great return like equity, but we will have to realise whether we will be able to liquidate gold or not," says Nilesh Shah, MD, Kotak AMC.Gold and Nifty have given similar returns. I mean, why are we doing so much of analysis every day? So much of volatility. We look at macro, we look at rupee, we look at earnings, we look at PE. Life is so simple. Just buy gold, forget it.Nilesh Shah: So, we will have to figure out when Indians decide to sell gold, who will buy. Today, gold prices are up because we are one of the largest buyer. Fortunately, for India, central banks of the world have become like our housewives. They have realised that keeping money in dollar, yen, euro, renminbi, securities is risky, as Russian central bankers have realised. Now they have joined the bandwagon and they are buying gold as much as Indian housewives are buying. So, yes, undoubtedly, gold looks on a better footing. It has delivered great return like equity, but we will have to realise whether we will be able to liquidate gold or not. Now, the point is, where do you go from here? I mean, we always talk about equity markets, but let us first understand where is the earnings and economy headed and is it now time to be optimistic because the macro, the data points in terms of tax collections, oil, dollar index, the macro is getting better now.Nilesh Shah: So, it is not about macro going down or earnings not growing. It is all about meeting expectation. At 22 times forward, earnings expectations were running in double digit. Actual earnings came at low-single digit, mid-single digit. In every quarter of this year, Nifty 50 earning per share is more than Rs 250 per share. Overall, we are on our way to achieve 1030 Nifty EPS. The growth is likely to be mid-single digit over last year and that was below expectation, which is why correction has set in. Now, expectations are low and there are reasonably good chances with good monsoon and improving domestic macros, we should be able to get somewhere around 1150 EPS for Nifty 50 next year. It is the earnings growth ahead of expectation which will drive the market upwards. So, what should be our approach now, stay with the market or sell the market on every uptick?Nilesh Shah: So, in the short-term market is like a machine. Money flow determines prices. In the long-term market is like weighing machine. Fundamentals determine prices. As of today, FPIs are seller. They have been selling quite consistently, quite aggressively, their side is well known. No one is going to give easy exit to them by taking market up. If they are selling, market will continue to fall. As their selling stops, market will bottom up. And as their buying starts, markets will start rising. Undoubtedly over longer-term fundamentals will play. This is fair value market where largecaps are below historical average. Mid and smallcap are still around historical average. So, you should maintain neutral weight to equity. Give preference to quality over momentum. Give preference to high floating stock market determined prices versus low floating stock kind of manipulated prices and go for reasonable valuation over expensive valuation. Be overweight largecap as small and midcaps are still trading at premium to historical average. Most importantly, do not buy everything in correction at one go. Keep on adding on a calibrated basis as FPIs are likely to sell for the near term. But when you talk about largecap and when you talk about the large exposure on the markets, it has to be the banking space. So, is that the space that you would advise one to look at very closely given the fact that the valuations now are at a reasonable level and you have seen persistent selling in that space as well?Nilesh Shah: Undoubtedly. The FPI selling in the banking and financial services space has resulted into valuations now trading way below historical average for many of the private banks. The NPA cycle is under control. RBI is improving liquidity which will push up deposit as well as credit growth and barring banks which have exposure to microfinance/unsecured personal lending, rest of the banking system seems to be in a better position. So, undoubtedly banking and financial services is one sector where one can look to add during this correction. The second space where we are bullish is consumer discretionary space. In the budget about one lakh crore tax rebate is given to taxpayers. Eighth pay commission should put money in the pockets of government employees towards the beginning of next year. Both these two things will be positive for consumer discretionary. We do not expect this class to spend money on roti, kapra, makaan, the basic necessities. We expect them to spend money on experiences like travelling, like tourism, like QSR, like education, like healthcare, like premium brands. So, consumer discretionary space is something which looks interesting apart from banking and financial services. As a house you have been bullish on cement. As a house, you have been bullish on IT and consumer you have already outlined. Let us stay with IT. IT stocks have corrected 15% to 20%, some stocks are down about 30%. Why have IT stocks corrected and after the correction, are they a buy now?Nilesh Shah: So, again, in IT stocks, it is all about expectation. There was fear that US might be slowing down. The Google searches on US recession has increased. So, we are probably looking at hard landing as well, that is direct impact on IT business. The second challenge is of technology. There are many IT companies which have significant exposure to BPO and clearly AI chatbot are taking over BPO jobs. Even programming is not far off and there are worries that AI related programming could take away many of the programming jobs. Undoubtedly, in IT, there will be two kinds of companies, one which leverages AI to deliver better, cheaper, faster solution to customers. Now, if you are a large behemoth, to turn around the tanker is likely to be a bit difficult, but to turn around a speedboat might be easy. We have been bullish, mid and small IT companies which are leveraging artificial intelligence, which has limited or no exposure to BPO, and we believe these companies should be able to gain market share as they provide better, cheaper, faster solutions to their customers. The companies which are investing in developing AI related ecosystem, as many of the companies will develop their small learning modules, small language models, SLMs, they will also create an ecosystem which is closed loop and this opportunity could be as big as IT services industry. So, one will have to become bottom-up in stock picking in IT services.

1. New Zealand vs Pakistan, 2nd T20I Highlights: Allen, Seifert six-hitting showcase gives Kiwis 2-0 lead  Hindustan Times
2. New Zealand vs Pakistan, 2nd T20I, Today, Pakistan tour of New Zealand, 2025  Cricbuzz
3. PAK vs NZ 2nd T20I: New Zealand Crushes Pakistan Again, Takes 2-0 Lead In 5 Match T20I Series  Zee News
4. Tim Seifert's Blazing 45 Takes New Zealand To Five-Wicket Win Over Pakistan  News18
5. New Zealand vs Pakistan Live Score: It’s a Wicket. Shaheen Afridi is out  Mint

1. Google Pixel 9a Beats Rival Samsung Galaxy A56 In Benchmark Face-Off  NDTV Profit
2. Google Pixel 9a unboxing video hits YouTube before the big reveal  Android Police
3. Google Pixel 9a leaked fully: 3 real-world differences from the iPhone 16e  Hindustan Times
4. Google Pixel 9a may launch tomorrow: 5 expected features  India Today
5. Google Pixel 9a leak reveals price, specs, and colour options ahead of launch  CNBCTV18

1. SENSEX soars over 800 points, NIFTY50 tops 22,750: Five reasons why markets are surging today  Upstox
2. Sensex soars 900 points, Nifty tops 22,750. 8 key drivers fueling this rally  The Economic Times
3. Sensex jumps 750 points; Nifty 50 reclaims 22,700. Why is Indian stock market rising? Explained with 5 key factors  Mint
4. Stock market today: BSE Sensex rallies over 800 points; Nifty50 above 22,700  The Times of India
5. Sensex Jumps 490 Points, Nifty Climbs 162 Points In Early Trade  NDTV

1. Raisina Dialogue: Jaishankar targets Pakistan, says 'world’s longest illegal occupation is in Kashmir'  Moneycontrol
2. 'Attacker and victim were put on par': Jaishankar takes a jibe at UN, cites Kashmir, calls for fair global order  The Times of India
3. Jaishankar says West, UN turned Kashmir ‘invasion’ into dispute: ‘I’ve got some question marks'  Hindustan Times
4. Jaishankar on Kashmir: ‘When West interferes, it’s for freedom; others have malign intention’  The Economic Times
5. Jaishankar Slams Pakistan, Calls Out West Over Kashmir: 'Invasion Was Made Into A Dispute'  News18

1. Gold price rises by Rs 320 per sovereign, gram costs Rs 8,250 in Chennai on March 18  DTNEXT
2. Gold nears Rs 90,000: Time to buy, hold, or book profits?  Moneycontrol
3. Gold Price And Silver Rate Today on March 19, 2025: Check latest Rates in India  Mint
4. Gold hits record high! Precious metal crosses Rs 91,000 as investors seek safe-haven amid Israel-Hamas te  The Times of India
5. Gold, Silver Prices Today: Gold hits new high on MCX, silver gains | Check city-wise rates on March 19  India TV News

1. All is well? Days after derivatives loss, IndusInd Bank raises Rs 11,000 crore CDs to boost liquidity  Moneycontrol
2. How deficiencies in derivative accounting at IndusInd Bank came to the fore  Moneycontrol
3. IndusInd Bank's liquidity adequate, capitalisation strong: CARE Ratings  Business Standard
4. Moody's places IndusInd Bank's Baseline Credit Assessment under review for downgrade  The Hindu
5. IndusInd raises Rs 11,000 crore via CDs in confidence boost  The Economic Times

1. Over 200 Killed In Israel's Biggest Strike On Gaza Since Ceasefire  NDTV
2. Israel Gaza Airstrike Live Updates: Hundreds killed as Israel launches airstrikes on Gaza  The Times of India
3. At least 330 killed by Israeli air strikes on Gaza, Hamas-run ministry says  BBC.com
4. What Israel and Palestinian groups are saying about the deadly attacks  Al Jazeera English
5. Israel Has Decided To "Sacrifice" Hostages By Resuming War, Says Hamas  NDTV

1. IPL 2025: MS Dhoni love story, to be continued at CSK  The Times of India
2. Harbhajan Singh Asked MS Dhoni About IPL Preparation At 43, Left Stunned By His Fitness  NDTV Sports
3. Watch: MS Dhoni smacks Pathirana for six in CSK training with vintage helicopter short  India Today
4. MS Dhoni’s fitness secrets at 43: Ex-captain says ‘yes, it’s difficult but…’ ahead of CSK vs MI mega IPL 2025 clash  Mint
5. As Dhoni plays 18th IPL season at 43, Harbhajan Singh reveals secret to CSK captain’s longevity  The Financial Express

1. Those glorifying Aurangzeb are ‘traitors’: Eknath Shinde  The Siasat Daily
2. Amid Nagpur Violence, Eknath Shinde Calls Those Praising Aurangzeb 'Traitors'  NDTV
3. A day after Nagpur clashes, Eknath Shinde unveils Chhatrapati Shivaji Maharaj's statue in Dombivli, calls  The Times of India
4. Eknath Shinde on Nagpur violence: ‘No one in Maharashtra will tolerate those who support Aurangzeb’  India TV News
5. Eknath Shinde calls Aurangzeb supporters 'traitors' while unveiling Chhatrapati Shivaji Maharaj's statue in Thane  mid-day.com

पीटीआई, पटना। आरजेडी सुप्रीमो लालू यादव की मुश्किलें एक बार फिर से बढ़ गई हैं। प्रवर्तन निदेशालय (ED) ने जमीन के बदले नौकरी के मामले में 19 मार्च को पूछताछ के लिए तलब किया है। समाचार एजेंसी पीटीआई ने इसकी जानकारी आधिकारिक सूत्रों के हवाले से दी है। लालू के अलावा उनकी पत्नी राबड़ी देवी और उनके बेटे तेज प्रताप यादव को भी पूछताछ के लिए बुलाया गया है।

परिवार के कुछ सदस्यों को भी पूछताछ के लिए बुलाया गया

इसी मामले में उनके परिवार के कुछ सदस्यों को भी पूछताछ के लिए बुलाया गया है। सूत्रों ने बताया कि उनके बयान धन शोधन निवारण अधिनियम (पीएमएलए) के तहत दर्ज किए जाने हैं। हालांकि, सूत्रों ने कहा कि प्रसाद और उनके परिवार के सदस्यों के एजेंसी के सामने पेश होने की उम्मीद नहीं है।

ईडी की चार्जशीट में कई खुलासे

ईडी की चार्जशीट के मुताबिक आरोपपत्र में नामित एक अन्य आरोपी हृदयानंद चौधरी राबड़ी देवी की गौशाला का पूर्व कर्मचारी है, जिसने एक उम्मीदवार से संपत्ति अर्जित की थी और बाद में उसे हेमा यादव को ट्रांसफर कर दिया था। एजेंसी ने कहा कि ए के इंफोसिस्टम्स प्राइवेट लिमिटेड और ए बी एक्सपोर्ट्स प्राइवेट लिमिटेड जैसी कंपनियां "शेल" कंपनियां थीं, जिन्होंने प्रसाद के परिवार के सदस्यों के लिए अपराध की आय प्राप्त की, एजेंसी ने कहा कि उक्त कंपनियों के नाम पर "फ्रंट मैन" द्वारा अचल संपत्तियां अर्जित की गईं।

पिछले साल ईडी ने लालू परिवार के सदस्यों के खिलाफ चार्जशीट दायर किया था

पिछले साल, ईडी ने दिल्ली की एक अदालत में लालू प्रसाद के परिवार के सदस्यों के खिलाफ मामले में आरोपपत्र दायर किया था, जिसमें उनकी पत्नी राबड़ी देवी और उनकी बेटियों मीसा भारती और हेमा यादव के अलावा कुछ अन्य लोगों को भी आरोपी बनाया गया था।

11 मार्च को तेज प्रताप और हेमा यादव को भी तलब किया गया था

बता दें कि इससे पहले 11 मार्च तेज प्रताप और हेमा यादव को भी तलब किया था। जिसमें तेज प्रताप यादव और हेमा यादव को 50 हजार के निजी मुचलके पर जमानत दे दी गई थी। अब अचानक लालू यादव को पूछताछ के लिए बुलाने से आरजेडी की टेंशन बढ़ गई है।

क्या है नौकरी के बदले जमीन घोटाले का मामला

बता दें कि जमीन बदले नौकरी के मामले में सीबीआई ने लालू समेत 78 लोगों के खिलाफ चार्जशीट दाखिल की थी। चार्जशीट के मुताबिक 2004 से 2009 के बीच रेल मंत्री के रूप में काम करते हुए लालू प्रसाद यादव ने रेलवे की ग्रुप-डी की नौकरियों के बदले उम्मीदवारों से जमीन और संपत्ति लिखवाई थी।

इस चार्जशीट में घोटाले के जोन के बारे में भी जानकारी दी गई थी। इनमें मुंबई, जबलपुर, कोलकाता, जयपुर और हाजीपुर समेत कई रेलवे जोन शामिल थे।

मामले में लालू परिवार के 5 सदस्य आरोपी

इस मामले में लालू परिवार के 5 सदस्यों को आरोपी बनाया गया जिनमें लालू प्रसाद, तेजस्वी यादव, तेज प्रताप, राबड़ी देवी, हेमा यादव और मीसा भारती शामिल हैं। इससे पहले 30 जनवरी 2025 को अदालत ने सीबीआई को एक पूर्व प्रशासनिक अधिकारी और उस समय रेलवे बोर्ड से सदस्य आरके महाजन सहित दो अधिकारियों के खिलाफ केस चलाने की अनुमति दी थी।

ये भी पढ़ें

Bihar Politics: तय हो गई निशांत की राजनीति में एंट्री? होली की इस एक तस्वीर ने कर दिया सब कुछ क्लियर

Bihar Politics: JDU में क्या होगी निशांत की भूमिका? नीतीश कुमार के करीबी ने बताई अंदर की बात

1. Chinese EV maker BYD says new fast-charging system could be as quick as filling up a tank  The Guardian
2. BYD shares rally after rolling out new technology it claims charges EVs in five minutes  CNBC
3. BYD unveils 1,000-volt EV platform, promises 400 kilometres on a 5-minute charge  CNBCTV18
4. Watch out Tesla: BYD super charger powers 400 km in 5 minutes  The Financial Express

1. Gold price today: MCX Gold hits record high on tariff uncertainty; US Fed policy in focus; can it hit ₹1 lakh mark soon?  Mint
2. Gold nears Rs 90,000: Time to buy, hold, or book profits?  Moneycontrol
3. Gold and silver reach historic highs, Motilal Oswal advises 'buy on dips'  Business Standard
4. With gold prices at all time-high, should you increase your allocation to gold, or is it time to scale bac  The Economic Times
5. Gold and silver price on March 18: 24k gold rate around ₹89,550 in Mumbai; check prices in your city  Upstox

1. Knowledge Nugget: Why are Raisina Dialogue and meeting of Intelligence heads relevant for UPSC exam?  The Indian Express
2. Jaishankar meets Ukrainian foreign minister, discuss efforts to end conflict  Hindustan Times
3. New Zealand Supports India's Bid For Permanent Seat At UN Security Council  NDTV
4. Raisina Dialogue a 'crossroads' offering free flowing multi-dimensional discussions: Misri  Deccan Herald
5. Jaishankar Meets UK NSA, Interacts With Counterparts From Other Countries At Raisina Dialogue  News18

1. Bajaj Finserv shares drop 1% on acquisition of Allianz’s 26% stake in Bajaj Allianz  The Economic Times
2. Bajaj Allianz breaks up in Rs 24,000-crore deal  The Economic Times
3. Bajaj Finserv to acquire Allianz's 26% stake in insurance ventures, securing full ownership  Business Standard
4. Bajaj Finserv buys out Allianz from life, general insurance JVs  The Financial Express
5. Bajaj to acquire Allianz's 26% stake, ending 24-year joint venture in insurance businesses  Hindustan Times

जागरण संवाददाता, पटना। Patna News: पटना में होल्डिंग टैक्स का निर्धारण 31 मार्च तक करा लें नहीं तो भारी जुर्माना देना पड़ेगा। पटना नगर निगम (Patna Nagar Nigam) बिना निर्धारण वाली नई संपत्तियों का 100 प्रतिशत जुर्माना के साथ कर निर्धारण करेगा। इसके साथ विकल्प दिया है बिहार नगरपालिका अधिनियम 2007 की सुसंगत धारा के तहत चल-अचल संपत्तियों की जब्ती और बिक्री तथा बैंक खाते को को फ्रिज किया जा सकता है।

नगर निगम इस सूचना को एसएमएस सहित कई प्लेटफार्म से नागरिकों तक पहुंचा रहा है। नगर निगम होल्डिंग टैक्स निर्धारण के लिए सभी अंचलों में टीम का भी गठन किया है। टीम भी टैक्स का निर्धारण कर रही है। होल्डिंग टैक्स का निर्धारण घर बैठे करने की सुविधा उपलब्ध कराई गई है।

अपनी नई संप​त्ति के स्व कर निर्धारण इस लिंक https://pmc.bihar.gov.in/newptax/mobile.aspx से कर सकते हैं। अधिकारियों के अनुसार, अब लोगों में स्व कर निर्धारण करने की प्रवृति बढ़ी है। इससे लगने वाले जुर्माना से बचा जा सकता है। नगर निगम क्षेत्र में तीन लाख होल्डिंग टैक्सधारक हैं।

यह संख्या करीब पांच लाख से अधिक होनी चाहिए। नगर आयुक्त अनिमेष कुमार पराशर ने बताया की स्व संपत्तिकर के निर्धारण करने पर दंड से बचा जा सकता है। 31 मार्च के पहले होल्डिंग टैक्स निर्धारण नहीं कराने वालों को चिह्नित कर जुर्माना लगाया जाएगा।