One of the big economic stories of the last 3 months has been the strength of the rupee. In fact, back in December 2016 when the INR had touched a low of 68.77/$, most analysts had predicted a weakening of the INR towards the 72/$ mark. Surprisingly, the rupee strengthened and has gained sharply closer …
The 5th Monetary Policy for the financial year 2016-17 was announced by the RBI on December 07th after 2 days of deliberations by the Monetary Policy Committee (MPC). It is necessary to understand the background to the policy to appreciate the key announcements in a better perspective. Firstly, there is the demonetization exercise whose full …
Transcript : This union budget 2016-17 People shared their expectations with us Speak up. Be Heard. Question: Should the tax exemption limit be raised? Answers: – Yes it should be raised, considering the expenditure. – To me, yes. Tax is taken by the government, he might not have a disposable income at hand. – I …
Transcript : The power of compounding what it means Aashish a young professional and his father an avid trader with Angel One are talking when are she asked what the power of compounding is all about his father explains through the power of compounding a small amount of money can grow into a substantial sum …
The February Trade data points at some distinct positives. Firstly, the Exports have shown a sharp growth in the month of February 2017 and are growing at its fastest clip in the last few months. A large part of this growth has been driven by sectors that were specifically identified for an export push. That …
The Ordinance to amend the Banking Regulations Act 1949, which was cleared by the Cabinet on 03rd May obtained presidential asset on May 05th. With the approval of the Ordinance, the Banking Regulations Ac t virtually confers unlimited powers on the Reserve Bank of India (RBI) to deal with NPAs. While the fine print of …
The month of July 2017 saw a marginal 3.94% growth in exports on a YOY basis but there was a perceptible fall in imports on an MOM basis which led to the trade deficit coming down. The big worry for exports growth has been the strong rupee. In fact, the INR strengthened from Rs.68.5/$ to …
Here are three primary reasons why you should start tax planning right from the time the new fiscal year starts. Most taxpayers tend to cluster their tax saving investments in the last quarter only. It is also during this period that issuers come out with a lot tax saving instruments to help taxpayers to reduce …
