Union Budget 2025: In the Union Budget 2025, Finance Minister Nirmala Sitharaman revealed an increase in the basic tax exemption limit in the new tax regime. The limit has been raised from Rs 3 lakh to Rs 4 lakh, providing a significant benefit to a large portion of salaried taxpayers. With no income tax burden … Read more
“So, the bond vigilantes, as I like to call them, are disagreeing with the Fed and basically arguing that the Fed might be stimulating an economy that does not need stimulating. And you know what? It looks like they are right because Fed officials have started to indicate that they may be going on pause … Read more
Sometimes the most helpful of things can have an unintentional fallout. Take the 45-day payment rule for MSMEs for instance. With preparation underway for the Union Budget 2024-25, finance ministry officials are trying to understand the unintended impact of the new provision under the Income Tax Act that mandates payments to micro, small and medium … Read more
The second wave is a humanitarian crisis, but the economic impact is going to be far more muted than it was during the first wave, said Dr Aurodeep Nandi, Vice President, Nomura during ET Now’s India Development Debate in an interview with Tamanna Inamdar. Edited excerpts: What can we read from the numbers coming out … Read more
The economic impact of Covid 19 outbreak is progressing from a supply shock, to a demand shock as incomes and jobs shrink according to a survey by BofA Securities and it expects demand boosting measures from the government. A survey of over 1000 persons by BofA Securities shows that COVID- 19 outbreak is fast progressing … Read more
Mumbai: The total loans under moratorium for ICICI Bank fell to 17.5% by value in June from around 30% in April with less than 10% of customers added to the ones that had availled the moratorium facility in April, the bank said in a post earnings call. ICICI Bank’s fall in loans under moratorium is … Read more