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Blockchain technology brought together the security of cryptography and the accessibility of the Internet and promised to revolutionize the way the world conducts financial transactions. Central banks and other intermediaries such as banks would not be necessary, and the information would be stored securely, preventing other users from adding, deleting or modifying it. Still, the …
The stock market typically enters a bear phase during a recession (when stocks are falling or are already at their lowest levels). Investors are often reluctant to reinvest in such a market, as the risks of falling share prices keep them further away. To complicate a gloomy situation, a recession has no expiration date: it …
India’s gold demand surged 43% in the April-June quarter, but factors including inflation, rupee-USD rates, and political action are likely to weigh on consumer sentiment, a report says. According to a World Gold Council (WGC) report, India’s gold demand was 170.7 tonnes in the April-June quarter, compared to 119.6 tonnes in the corresponding quarter of …
Credit growth in India hit a three-year high and is expected to rise further as economic activity gains traction, but much slower deposit growth could prompt banks to seek funding and raise interest rates. deposit quickly, analysts and bankers said. Deposit growth has taken a hit as high inflation led to lower savings and depositors …
In recent years, a forex chart has become a favorite travel companion for many travelers. A forex card is a prepaid debit card loaded with foreign currency. Nowadays, however, some neobanks have started offering global rupee travel cards. It is a new type of card in the highly competitive market of credit, debit, and prepaid …
There are a few days left to file your income tax return (ITR) for the fiscal year 2021-22 (the appraisal year 2022-23). You have the option of filing yourself or using the services of several experts to calculate your income and tax obligations, prepare the return, and file it. These experts include government-licensed service …
The central government budget deficit stood at Rs 3.52 lakh crore from April to June, 21.2 percent of the full-year target, according to data released by the Comptroller General on July 29. The budget deficit in the first three months of FY22 was Rs 2.74 crore. This means that the budget deficit for the first …
According to the tax agency, more than 37.3 million income tax returns (ITR) have been filed so far in the fiscal year (2022-23) as the July 31 filing deadline approaches. The official electronic filing portal recorded 37,341,425 returns as of July 27, 2022. As of July 26, more than 34 million RTAs had been filed, …