New income-tax regime needs tweaks to get more attractive: Revenue secretary Tarun Bajaj
“We are reaching a stage where we need to give complete stability to the tax structures on both sides. We’ve done a bit of a journey on this, but I think some bits are still left out,” said Bajaj in an interview with ET.
Centre sure of meeting fiscal deficit target
Several ministries may not be able to utilise their full allocation for the year, providing a cushion to the finance ministry to meet the sharply higher requirement for food, fertiliser and petroleum subsidies. The higher-than-budgeted nominal gross domestic product (GDP) growth will also help deficit numbers.
Industry body urges RBI to moderate pace of monetary tightening
According to CII, domestic demand is recovering well as mirrored by the performance of a host of high-frequency indicators. However, the prevailing global ‘polycrisis’ is likely to impinge on India’s growth prospects too.
Rupee to stabilise once US reduces speed of rate hikes: Economist
In an email interview to PTI, the American economist also said that when the US raises exchange rates unexpectedly, the dollar tends to appreciate and things will normalise when interest rates are closer to each other in the US and India.
Signs of a swift recovery in demand. Is it the right time to buy silver?
Silver was reeling under the bearish grip for the past several weeks. It was the worst-performing precious metal in 2022. A firmer US dollar, rising global interest rates, and a decline in industrial demand lessened the sheen of the commodity throughout the year.A recent report published by the Silver Institute projects global silver demand is […]
A stock investor’s guide to whining about cricket
For those of you who are unfamiliar with the game of cricket, in day and night matches, as dew settles on the grass, it gets harder for the bowlers to grip the ball and so the team bowling second during the evening tends to have a harder time
Is there more risk to the Indian rupee hereon? 5 key factors to track
The rupee should depreciate to Rs82 in FY23 as compared to Rs75.8 at the end of FY22 based on the premise that rising trade deficit and steep capital outflows would hurt India’s external sector dynamic. High commodity prices led to 33% YoY growth in imports in FY23YTD while exports are lagging at 12.3% YoY.
Gold will find it difficult to breach $1,785 resistance next week: Praveen Singh
Weakness persists in the US Dollar Index as it fell from its cycle high of 113.92 on October 13 to its cycle low of 105.34 on November 15 on market participants adjusting to the slower rate hike path of the US Federal Reserve.Gold closed the week ended on November 27 with a gain of 0.15%, […]
A great rotation is brewing in Asia as investors shift from India to China, Korea
Strategists at Goldman Sachs Group Inc. expect Asia’s equity leadership to shift from Southeast Asia and India to markets like China and Korea next year, while Societe Generale SA says Taiwan’s tech-heavy market is also at an inflection point. Jefferies Financial Group Inc. has echoed similar views.