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US economic growth contracted 1.4% on an annualized basis in the first quarter of 2022 as the Omicron variant of COVID-19 and reduced government spending hit consumers and businesses, data showed the government on Thursday. The data was much worse than the modest increase analysts had expected after the economy grew 6.9% in the last …
It will take almost 15 years for the Indian economy to recover from the losses suffered during the coronavirus pandemic, according to the Reserve Bank of India (RBI) FY22 monetary and financial report. “Assuming a real growth rate of -6.6% for 2020-21, 8.9% for 2021-22 and an assumed growth rate of 7.2% for 2022-23 and …
The Federation of Hotel and Restaurant Associations of India (FHRAI), which also includes MSMEs and other companies, has again issued a statement to the Secretary of the Treasury, Nirmala Sitharaman, requesting her intervention to support the loan guarantee program of 60 billion announced this year in June. The association had also asked Nirmala Sitharaman to …
Reasonable care must be taken when filing our tax returns to avoid significant inconvenience in the form of notices and penalties. Common mistakes taxpayers make include filing tax returns with incorrect forms, failing to report details for all bank accounts, misreporting sources of income, and failing to verify electronic tax returns. You don’t have to …
The center approved the construction of 3.61 lakh homes in 17 states and union territories under Pradhan mantri Awas Yojana (Urban), bringing the total number of sanctioned homes under the program to 1.14 crore, said the Ministry of Housing and urban development on November 24. A total of 3.61 lakhs of homes have been approved …
There may be a time in your life when you took a break between jobs, wanted to start over, or were hoping to start your own business. During these stages, people control their spending. However, there are times when you may need cash right away. You can always apply for a personal loan for such …
AI as a blockchain is a revolution in technology. It makes the work of different industries easier and more efficient. The evolution of AI is leading to great revolutions in all industries, but the most useful thing about AI is loan and credit management. Automated systems cost banks 50-90% less than the labor of hired …
Buying a resale property comes with its own benefits and challenges. While you have access to a strategic location, disputes related to real estate transactions due to property rights are not uncommon. Have you zeroed out the resale property you want to buy but don’t know how to authenticate your property? No freight! We are …
