Tag Archives: Economy

Indian consumers turn more glum about future, less likely to spend: Survey

By | April 8, 2021

Indian consumers turned more pessimistic about the present and less gung-ho about the future, making them less likely to spend big in an economy that’s driven by domestic consumption. The current situation index fell to 53.1 in March from 55.5 in January, according to the Reserve Bank of India’s consumer confidence survey, where 100… Read More »

Indian rupee at a higher risk of depreciation as oil prices surge

By | December 13, 2020

Rising crude oil prices along with widening trade deficit has elevated the depreciation risk level for the Indian rupee during the upcoming week. Accordingly, other factors like failure of Brexit talks as well as changes in US Fed’s stand might the downside risks. “We expect the rupee to trade… Read More »

Tax dept allows revision of declarations under ‘Vivad Se Vishwas’ scheme

By | December 6, 2020

Entities filing declaration under the direct tax dispute resolution scheme ‘Vivad Se Vishwas’ can revise them till the time tax authorities issue certificate mentioning details of tax arrear and the amount payable, the Income Tax Department has said. Issuing a set of FAQs on ‘Vivad Se Vishwas’ scheme, the Central Board of Direct Taxes… Read More »

Banks need to hire chief risk officers to deal with cybercrimes: Deloitte

By | December 6, 2020

The banking industry needs to upgrade its IT infrastructure and appoint experienced chief risk officers to effectively deal with incidence of cybercrimes, says a report by Deloitte India. Observing that banks are the most targeted sector, the report said that nearly 22 per cent of cybersecurity attacks which took place in India in 2018-19… Read More »

Foreign funds colonising Indian startups: Naukri.com founder Bikhchandani

By | December 6, 2020

In perhaps the first red flag by a significant start-up curator against ‘flipping’, a Naukri.com and Zomato investor has said foreign funds are the new East India Company that are colonising successful start-ups in India by transferring ownership overseas to skip Indian regulations and taxes. Internet entrepreneur Sanjeev Bikhchandani says an estimated Rs 17… Read More »

Latest News LIVE updates: Protesting farmers stay put at Delhi’s borders

By | December 6, 2020

Latest News LIVE updates: As their fifth round of talks with the government ended in a deadlock, thousands of farmers protesting the Centre’s new farm laws stayed put on the borders of Delhi with Haryana and Uttar Pradesh, blocking key routes leading to the national capital thatled to long traffic jams. The government proposed another meeting on December… Read More »

While US, Europe rebound, India yet to find firm ground as economy shrinks

By | November 30, 2020

China has come roaring back from the devastation of Covid-19, and the United States, Europe and Japan are finding their feet. But the hundreds of millions of laborers and shopkeepers who keep India’s economy running still can’t find relief. India’s economy shrank 7.5 percent in the three months that ended in September compared with… Read More »

Bank operations may be hit by unions’ one-day nationwide strike on Thursday

By | November 25, 2020

Banking operations across the country may be impacted on Thursday as some bank unions would be joining the one-day nationwide strike called by central trade unions. Ten central trade unions, except Bharatiya Mazdoor Sangh, will observe the nationwide general strike to protest against various policies of the central government. … Read More »

RBI becomes world’s 1st central bank to reach 1 mn followers on Twitter

By | November 22, 2020

With one million Twitter followers, the Reserve Bank of India has become the first central bank in the world to reach this milestone. The Reserve Bank of India (RBI) has beaten the US Federal Reserve and European Central Bank on Twitter by emerging as the most popular central bank on the microblogging site with… Read More »

Four lessons for investors from Samvat 2076 and the road ahead for markets

By | November 10, 2020

India still is not out of woods as far as the Covid-19 pandemic is concerned. That said, the latest macro and micro data are encouraging. However, some key worrying points remain – asset quality at lenders, stress in micro, medium and small enterprises (MSMEs), fiscal deficit, inflation, job creation etc. A bull market, though,… Read More »