Page 20 - Finance

'RBI need not rush to ease rates unless certain of stable-low inflation'

Bhide's comments echo that of Governor Shaktikanta Das that a pivot can be considered when price-gains settle near the mid-point of its 2%-6% range on a durable basis

NSE, NITIE ink pact for academic, research collaboration in economics

Leading stock exchange NSE on Friday said it has joined hands with the business school National Institute of Industrial Engineering (NITIE) Mumbai for an academic and research collaboration in finance and economics. The move is aimed at creating an industry-ready talent pool by utilising mutual capabilities, the National Stock Exchange (NSE) said in a statement. The pact covers a wide range of activities, including capacity building through the design and development of courses in finance and economics, undertaking research in areas like fintech and organising seminars, conferences and symposia, among others. Also, NSE and NITIE will collectively work towards contributing to the literature on financial market research in the country and promoting general financial market awareness and policy advocacy.

Manipur violence: What are RBI's riot relief measures invoked by the state?

The rules under these measures specify several norms that must be followed for restructuring the loans, providing fresh loans and other measures, including KYC norms

Rupee globalisation to spur easier trade with other nations: Ex-RBI dy guv

"India's share of global trade, both exports and imports, is around 7%," said Thorat. "Similarly the share in financial flows is also around the same"

Short term debt funds are in demand: Where should you park your funds?

The return of debt funds appears to be a reset of institutional allocation, as well as locking in higher rate

When is money gifted not taxable? All your tax queries on gifts answered

In India, if an individual receives a gift, whether it's cash, immovable property, or any other item of value exceeding Rs. 50,000 from a non-relative, it generally falls under taxable income.

Unlikely that the RBI will precede the US Fed in pivoting to a rate cut

RBI Guv Das needs to keep financing conditions easier to aid growth, while also maintaining adequate rate differential to attract foreign portfolio flows

Profit from your paradise: Enjoy vacations, earn rent in tourist hotspots

Do the due diligence before you invest, as low occupancy level could mar returns

Senior citizen saving scheme vs bank FD: What is the right strategy for you

senior citizens with an investment horizon of 5 years, who are seeking regular income at quarterly intervals and/or wishing to save tax under Section 80C would find SCSS more attractive than bank FDs

Emirates flying premium economy to India on A380: What it means for flyers

The launch on these popular routes is timed to coincide with the upcoming Diwali season.

Decoded: Why India's millionaires are flocking to Dubai and Singapore

Prohibitive tax laws coupled with convoluted and complex rules on outbound remittances that are open to misinterpretation and abuse are among the problems that have triggered the migration

Goldman Sachs' biggest office beyond New York attests to India's rise

India has roughly 1,600 of the centers, more than 40% of the number worldwide, according to Nasscom

What a hike in MCLR means for borrowers: Who gets impacted and who doesn't

Marginal Cost of Fund based Lending Rate refers to the minimum interest rate a bank must charge for lending. The bank cannot grant any loan below that rate, except in certain cases permitted by RBI

Why are airfares in India soaring and is there a way to beat it?

Airlines look at affordability, demand, availability and lots of other factors when pricing their flights

Bigger the better: Average flat sizes in Delhi NCR rise 50%

But Mumbai sees average flat sizes drop by 5 per cent

RBI monetary policy: Repo rate unchanged, what do experts say about it?

RBI repo rate: RBI governor Shaktikanta Das said that the MPC decided unanimously to keep the benchmark rate unchanged at 6.5 per cent

RBI expected to pause again with markets watching for shift in stance

India's latest quarterly growth figures exceeded estimates last week, bringing about an expansion of 7.2% for the last fiscal year

e-Rupi to wearables: How 50% of all transactions will be digital in 3 years

As of January 2022, there were 65 crore RuPay debit cards in circulation, accounting for 65% of the total debit cards issued

Explained: How to claim HRA if you are living with your parents

There's no prohibition to claim such deduction while living with houses owned by family member. However, to claim such deduction of HRA, one should be mindful of the following

Bank boards must hold mgmts accountable for their actions: RBI Dy Guv Rao

If the management fails to meet expectations, the board should even consider replacing it, he said