by OverviewFX | Jul 25, 2024 | Industry
New Delhi, Former finance minister P Chidambaram on Wednesday cautioned the government against taking inflation lightly, saying every family is hit hard by price rise and asked why the RBI has not reduced bank rates for 13 months if it was low as claimed. Initiating...
by OverviewFX | Jul 25, 2024 | Industry
Despite India’s robust economic growth exceeding 8% year-over-year for the past three fiscal years and a substantial government fiscal deficit at 9% of GDP, bond yields remain surprisingly low. A recent Goldman Sachs said that changes in household savings...
by OverviewFX | Jul 25, 2024 | Industry
Three former Reserve Bank of India (RBI) officials join the The Digital Lenders Association of India (DLAI) to further boost the mission of secure and reliable FinTech in India through their experience and expertise. “We are honoured to have such esteemed...
by OverviewFX | Jul 25, 2024 | Industry
A day after presenting her seventh straight budget, finance minister Nirmala Sitharaman sat down with TOI’s Surojit Gupta and Sidhartha to discuss the messages — from politics to reforms and the broader economy. Excerpts:Your budget is being described as a political...
by OverviewFX | Jul 25, 2024 | Industry
MUMBAI: The finance ministry was quick to notice that some taxpayers were not including taxes withheld outside India for the purpose of calculating their total income. This, in turn, led to under reporting of income. These individuals offered the overseas income net...
by OverviewFX | Jul 25, 2024 | Industry
India plans to move away from targeting a particular level of fiscal deficit after 2025-26, a senior finance ministry official said on Wednesday.Instead, the government will use the ratio of government debt-to-GDP as the anchor for fiscal policy, T.V. Somanathan,...
