India’s 48 per cent of households expect a reduction in their household annual earnings and savings for the financial year 2024-2025 in comparison to the previous year, according to a survey conducted by LocalCircles, a research agency. The survey was conducted with a sample size of 21,000 respondents from 327 districts in India. The cluster … Read more
As India marches closer to the status of a $4 trillion economy and the world’s fourth largest, a crucial question emerges: how do we equip ourselves for the road ahead? For India to wear the crown of a developed nation, we require 10x growth targeting the $40 trillion mark. It is not just growth, but … Read more
In an interview on the sidelines of the Google I/O Connect held in Bengaluru on Wednesday, Ajjarapu reasoned that with its largest mobile-first population, micro-payment and digital payment models, a booming startup and developer ecosystem, and diverse language landscape, “India is uniquely positioned to drive the next generation of AI innovation.” In India, Google works … Read more
(Bloomberg) — The race to replace China’s top spot in emerging market equity portfolios is heating up, with Taiwan and India running neck to neck as formidable rivals. Thanks to record stock rallies, Taiwan and India now command more than 19% weightings each in the MSCI EM Index. That compares to China’s 22.8%, whose standing … Read more
On the one hand, the government aims to use the platform to “democratise” AI by not allowing any single entity to dictate terms while providing AI-as-a-service to its citizens, institutions and companies to build products that will help society in areas such as agriculture, healthcare, and education. On the other hand, the India AI stack … Read more
Indian government bonds with a combined nominal value of $330 billion will be included in JPMorgan Chase & Co.’s emerging markets bond index effective 28 June. This will make India’s bond market the 25th to join the widely tracked index since it was launched nine years ago. JPMorgan announced in September that it would include … Read more
Union Budget 2024: Industry leaders requested a host of considerations in the upcoming full Union Budget 2024 during their pre-Budget meeting with Finance Minister Nirmala Sitharaman on June 20. Expectations listed by India Inc. during the two-hour interaction include a reduction in the income tax burden for the common man, an increase in capital expenditure, … Read more
Union Budget 2024: The Prime Minister Narendra Modi-led government is contemplating measures worth over ₹50,000 crore ($6 billion) to boost consumption in India’s upcoming Union Budget. This includes potential tax cuts for lower income individuals, marking the first such cuts in seven years, sources told Bloomberg. Finance Ministry officials are evaluating proposals to reduce taxes … Read more
I am based in the UAE and have sold mutual funds and listed shares over the past year with gains of about ₹16 lakh. I have obtained TRC (taxation residency certificate) from the UAE tax authorities. TDS (tax deducted at source) has been deducted on both sales. An NRI (non-resident Indian) friend told me that … Read more
Union Budget 2024: The Union Budget 2024 will likely be presented by Finance Minister Nirmala Sitharaman in the Parliament on July 22, News18 reported, citing government sources. The Economic Survey document is likely to be released on July 3, according to the report. This will be the full Union Budget announcement by the government. An … Read more