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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 …
The cost of education at foreign institutions, already much higher than its Indian counterparts, has risen sharply in recent decades. While most major banks and some non-bank financial firms offer study abroad loans, large loan amounts and tighter work visa restrictions increase the risk of remaining in debt. This makes it even more important to …
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 …
As the Parliament of India prepares for the introduction of cryptocurrency law in the upcoming winter session, existing individual cryptocurrency holders have started to panic to sell their holdings. The price of Bitcoin has fallen by almost 18% in rupee terms. The price of the USD Tether (USD) also fell 17%. Why is this panic …
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 are several steps in planning for retirement, and the ultimate goal is to have enough money to stop working and do whatever you want. Our goal with this retirement planning guide is to help you achieve that goal. Step 1: Know when to start planning for retirement When should you start planning for retirement? …