In the Budget for 20019, the Indian government has chosen to keep the existing income tax slabs unchanged. However, the government has introduced a tax rebate of Rs 12,500 to make the effective tax ZERO for those having taxable income up to Rs 5 lakh. In the tax slab of…
Income tax rates for individuals has been halved in the India’s Union Budget 2017. In his Budget speech, Finance Minister Arun Jaitley announced that income tax rate for individuals with taxable income between Rs. 2.5 lakh and Rs 5 lakh will be reduced to 5% instead of the existing 10%….
The Reserve Bank of India (RBI) has constituted a working group on exposure of Indian entities to commodity price risks owing to growing integration of the Indian economy with the global economies and increased volumes of cross-border trade. The working group will review the guidelines for hedging of commodity price…
Everyone wants to earn more and save more. That’s why we have so many investment schemes and instruments such as bank fixed deposits, mutual funds, endowment insurance plans and real estate investment funds. How can you save more money every month? All that you need is a bit of planning…
In the last monetary policy review by the Reserve Bank of India (RBI) with Dr. Raghuram G. Rajan as its governor, the Indian central bank has kept the key monetary policy rates unchanged. The repo rate, or the rate at which the RBI lend to banks for infusing liquidity in…