Nearly half of the gold underlying Sovereign Gold Bonds (SGBs) is fully backed by government reserves at current gold prices, senior officials told CNBC-TV18. The sources said the Centre has provisioned enough funding in the Gold Reserve Fund (GRF) to cover redemptions of 60–65 tons out of the 130 tons of gold currently outstanding under … Read more
As an Indian taxpayer, it’s imperative to file your Income Tax Returns (ITR) annually. The ITR encompasses details of your annual income and the corresponding tax payable to the government for that year. Individuals continually seek effective methods to minimize their tax liabilities. Through prudent tax planning, you can achieve substantial long-term savings. Smart tax … Read more
A shift to being a market-based economy from a nationalised system has led to simmering tensions between the Reserve Bank and the government and questions over the central bank’s independence, former RBI deputy governor Viral Acharya has said. The economist, who went back to teaching in the US after his surprise resignation from the RBI … Read more