On 30th May 2023, the Governor of the Reserve Bank of India (RBI) submitted its annual report for 2022-2023 to the Finance Secretary. Let’s look at what it says about the country’s financial health and prospects for the next fiscal year, 2023-2024. What’s Happening? The report highlights a transfer of Rs 87,416 crore as surplus …
Amid global economic uncertainty, the Indian benchmark indices, the Nifty and the Sensex are back to their all-time highs. Here are some factors that makes the Indian economy stand out. Onwards and Upwards Between 1991 and 2020, the annual population growth was under 1%, whereas the Indian economy grew by 6.2% annually within the same …
Finally, the holiday season – December is about to begin. Companies are setting up the tables by sending marketing e-mails, restaurants are giving out discount coupons, and people wishlist their favourites to buy this holiday season. Even if the scenario is the same, a few things are different this year. The economies worldwide are slowing …
Recession Ties are Strengthening – What Should You Do? Read More »
IT Sector Indian IT firms have given away more than $1 billion in taxes due to the current provisions in the Double Taxation Avoidance Agreement (DTAA). Through this deal, an amendment has been passed by the Australian Parliament to the DTAA, thus putting an end to the longstanding tax issue! Most Indian IT firms in …
India-Australia Trade Deal: Who are the Gaining Sectors? Read More »
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