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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 …
I’m sure I’m not the only one who says that credit cards are extremely useful. But from time to time they get a bad rap when some misuse them. So does that make credit cards bad? No problem. Some think that credit cards can cause them to spend more than they should. But if so, …
Loan interest rates are expected to rise and bank rates are expected to change in May. Investment funds will adopt the swing pricing mechanism and management companies will have to start investing more in their own devices. These are the main regulatory and operational changes that are expected to start in May. Home because loan …
India has asked utilities and private companies to ensure the delivery of 19 million tonnes of coal from abroad by the end of June, according to a letter from the Ministry of Energy, reflecting the urgency of securing supplies in a costly market in amidst ever-increasing blackouts. The move, which is the first time the …
India may not become a $5 trillion economy until FY29, according to the International Monetary Fund (IMF). According to data from the IMF’s World Economic Outlook database, updated last month, India’s nominal GDP is expected to reach US$4.92 trillion in FY28, leaving GDP to reach US$5 trillion in the following year, it will break the …
According to preliminary data released by the Commerce Department on January 1. However, imports did not fall by the same magnitude, totaling $58.26 billion compared to $60.74 billion in March. Thus, the goods trade deficit widened from US$18.51 billion to US$20.07 billion during the period. On an annual basis, export and import growth remained strong. …
The monthly Goods and Services Tax (GST) collection reached an all-time high of Rs. The gross GST tax exceeded Rs 1.5 crore for the first time in April 2022 and Rs 1 crore for the 10th consecutive year. The gross revenue of GST collected in April 2022 is Rs 167,540 crore, of which Rs 33,159 …
The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose to 54.7 in April from 54.0 in March. A reading above 50 indicates an expansion of activity, while a pressure below 50 is a sign of contraction. According to IHS Markit, the author of the PMI, Indian manufacturing activity saw a strong rise in new …