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India's Economy Won't Overcome COVID-Related Losses Until FY35, RBI Reports Says - (A)

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 …

8 Simple tips achieving financial freedom - (A)

India has been independent for about 75 years, but are Indians still financially independent? Well, different people interpret financial freedom differently. For some, that may mean the freedom to buy what they want, when they want. For others, it may mean not having to worry about paying sudden bills and expenses. Some may see it …

Saving for Retirement - (A)

The main goal of a successful retirement plan is to ensure that you have adequate financial resources to maintain or enhance your lifestyle during your retirement years. If you’re retired and want to travel and shop more, you’ll need to save more. The amount you need to save depends on how you plan to spend …

Best budgeting tips to save money - (A)

A budget can be crucial to understanding – and controlling – where your money goes. Whether you’re new to planning your finances or have struggled in the past, these budget tips can help you stick to the plan. 7 budget tips for everyone Decide why you are budgeting Start by articulating what inspires you to …

What is budgeting - (A)

Budgeting is the process of creating a plan for spending your money. This spending plan is called a budget. By creating this spending plan, you can determine in advance whether you have enough money to do the things you need or want to do. What is budgeting? This is an important planning and forecasting process …

Here's everything you need to know about the Indian Railway Bharat Gaurav Program that was launched for the private sectors - (A)

Through this directive, which gives operators the “right to use” the information technology and infrastructure of the Indian railways, the national airline has liberalized and simplified some of the operations that were otherwise mainly carried out by the IRCTC. To encourage and attract tourism businesses, Indian Railways announced the introduction of Bharat Gaurav trains operated …

The ruling of Rs. 60,000cr for the sectors affected by covid has not yet been communicated five months after the announcement - FHRAI - (A)

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 …

Explained- All about errors filling tax returns and responding to income tax assessments

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 …

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