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Total public debt, measured as debt to government gross domestic product (GDP), is expected to remain high at 30-31% in the current fiscal year 2022-23, about the same as the previous fiscal year at around 31, 5 %. said the largest national rating agency CRISIL in its report published on November 10. Additionally, the report …
Last week, when inaugurating a new aircraft factory in western India, Prime Minister Narendra Modi resorted to a slogan he coined just months after taking office in 2014: “Make in India.” This time, however, he added: “Do it for the world.” This is not the first time Modi has pointed out that India needs to …
India’s headline retail inflation rate fell to a three-month low of 6.77% in October from 7.41% in previous months with a favorable base effect, data from the Ministry of Statistics and Program Implementation showed on 14 of November. At 6.77%, the latest Consumer Price Index (CPI) inflation reading is broadly in line with expectations. According …
Where there is a will, there is a way. Today, people do not want to leave their homes to earn money. Although there have been remedies before, it is only now that more and more people prefer these remedies “on or with” to traditional remedies. From my observation, the top 6 ways people in India …
A number of high-net-worth charities and trusts are at risk of losing their tax-exempt status due to two recent Supreme Court (SC) rulings if they don’t undertake a proper internal restructuring, tax experts said. However, since the judgments are applied prospectively, these companies do not have to pay higher amounts of taxes for previous periods …
The number of new home buyers is increasing across the country. Total sales in the seven largest cities are expected to exceed 3.6 lakh units in 2022, according to a report. The uptick in home buying makes it imperative to stay on top of property taxes and the implications of not paying. Local authorities collect …
Federal Bank credit card holders now benefit from a group credit protection facility that offers life insurance for a credit limit of up to a maximum of Rs 3 lakh. The Federal Bank has partnered with Ageas Federal Life Insurance to make this offer available to its credit card users. In a statement, the Federal …
While the Systematic Investment Plan (SIP) has become the most popular option for investing in stock funds, investors are often confused about the ideal pattern for long-term growth. Equity-oriented or growth mutual funds come in three varieties: large-cap, mid-cap, and small-cap. A recent report suggests that the small and mid-cap segments (SMIDs) could offer many …