GDP explained with an idli
By Rahul Mandre GDP is the buzzword currently; let's look at GDP and its constituents to understand what factors will play crucial role if the GDP is to be revived!! So, What...
NRIs park almost $2 billion in NRE deposits in April, at 26-month high
Non-Resident Indians poured in almost $2 billion in April in rupee deposits as they chased higher returns even as interest rates plunged to near zero in all developed nations. This...
July GST at Rs 87,422 crore, slips from June collections
The government collected goods and services tax (GST) of Rs 87,422 crore for July, lower than that collected in June, indicating stability in collections, analysts said. "During the previous...
Delhi Government slashes VAT on Diesel to boost Economy
Delhi Chief Minister Arvind Kejriwal announced a reduction in the Value Added Tax (VAT) on diesel from the existing 30 per cent to 16.75 per cent. The diesel price will...
Tax payers get an Extra time until September for filing FY19 income tax returns
Tax payers have been given an extra time of two more months until September end to file their income tax returns for FY19 . The Central Board of Direct Taxes...
Economic hit from the Pandemic will be here for a long time- says Top Economist
Raghuram Rajan, a professor of finance at the University of Chicago’s Booth School of Business has warned that while markets reacted positively this week to promising news of potential coronavirus...
Google data lets you have a peek into Indian economy
India’s economy is struggling to overcome the adverse hit from the world’s biggest lockdown, a series of high-frequency indicators show. From power consumption to jobs to Google’s mobility trends, the...
Kerala’s remittance rush may be over for good with return of Migrants
The return of Keralites from other Countries is sending ripples across the state. “Gone to Gulf.” That phrase came up a lot in conversations among grown-ups that I overheard...
RBI may Resort to Direct Financing after India’s Budget Blowout
India’s government is running out of options to fund its budget and may soon have to knock on the central bank’s door once again for support. The administration can get...
Lebanon frantically searches for US Dollars amidst economic chaos
US Dollars have become the hottest commodity in Lebanon as lines snaked around the block and swell to fill the whole street before they turned into a raucous mob of...