Overnight indexed swap (OIS) rates, the principal tool for hedging interest rate risk in India, have climbed sharply since the RBI’s last policy in June and now suggest that the central bank would only lower the repo rate in August of next year as against the earlier pricing that pointed towards policy easing at the beginning of the next fiscal year.
Old tax regime to stay, but why would anyone want it now: CBDT chairman
The new income tax law will be easier to understand, free of outdated provisions, and aims to encourage taxpayers to switch to the new regime
February 2, 2025