China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the economy, in the most significant policy steps taken by Chinese officials to limit the impact of the trade war with the United States. The central bank, the People’s Bank of China, cut … Read more
The dollar was struggling to hold its ground on Monday even as concerns about a U.S. recession eased just a little, while investors awaited actual evidence of a thaw in Sino-U.S. trade relations, as opposed to just hints from officials. The solid March payrolls report had offered the dollar support by lengthening the odds on … Read more
“Even during Lehman Crisis also that revenue was always there. It cannot change. Even in covid that was there. So, in worst case scenario your revenue can only decline by 5-6% because 80% of the total revenue is very sticky,” says Sandip Agarwal, Sowilo Investment Managers.You heard the management commentary coming in from Infosys. Overall, … Read more
Asian stocks edged down at the open after President Donald Trump ramped up his criticism of Federal Reserve Chair Jerome Powell, raising concerns about the central bank’s independence and sparking a selloff in US assets. An index of Asian shares retreated while equity futures for US stocks rose slightly, indicating shares may bounce back after … Read more
The U.S. dollar extended its slide against other major currencies on Monday, the latest sign that investors may be starting to shun what has long been the safest haven in global financial markets. An index that tracks the dollar against a basket of major trading partners fell for a fifth straight day, even as U.S. … Read more
The Reserve Bank of India’s Monetary Policy Committee (MPC) has announced a 25 bps reduction in repo rates to 6% from 6.25% and has also shifted its stance from ‘neutral’ to accommodative. With this, it is expected that the home loan rates might go down. So far, home loan borrowers are experiencing a positive year … Read more
Post Office Savings Accounts (POSA) have emerged as a favourable option for individuals opting for the new tax regime, offering specific tax benefits not available with regular bank savings accounts. While savings accounts generally lack substantial tax advantages, POSAs provide exemptions that make them attractive to savers. The post office offers superior interest rates compared … Read more
In a recent announcement, the Centre has decided to maintain the current interest rates on post office savings schemes for the period from April to June 2025. This decision was confirmed through a circular issued by the Department of Economic Affairs under the Ministry of Finance on 28th March 2025. This decision affects a range … Read more
The upcoming financial year 2025-26, which commences on April 1, 2025, is poised to enhance the disposable income of numerous taxpayers nationwide, courtesy of recent policy changes. Finance Minister Nirmala Sitharaman introduced a Budget that is favourable to the middle class, introducing a range of tax benefits aimed at increasing the funds available to ordinary … Read more
Credit cards, while offering convenience and rewards, often come with fees that are not immediately apparent to the cardholder. These hidden charges can inflate the cost of using a credit card significantly. Understanding these fees can help you save money, budget effectively, and optimise the benefits of your card. Among the most common charges are … Read more