Forex traders said the overall uncertainty about the global economy continued to weigh on both currencies and commodities, keeping investors on edge. File photo The rupee witnessed high volatility in morning trade on Wednesday (January 22, 2025), as the support from positive domestic equities was weighed down by significant pressure from global uncertainties prompting investors…
In July 2024, the EU sourced close to 15% of its crude oil from the U.S | Photo Credit: Peter Boer U.S. President-elect Donald Trump threatened to impose tariffs on many countries if they do not fulfil certain conditions. In November last year, he said he would impose sweeping tariffs on imports from Canada, China,…
New Delhi: The Union budget for FY26 may allocate 5-10% more funds to the Panchayati Raj ministry with a higher outgo towards the Rashtriya Gram Swaraj Abhiyan (RGSA), said ministry secretary Vivek Bhardwaj in an interview. He added that in the runup to the budget the ministry is planning to take a few initiatives that…
Finance minister Nirmala Sitharaman is all set to present the budget for FY26 on 1 February. The upcoming Union budget presents a unique opportunity to accelerate the growth of India’s pharmaceutical and life sciences sector. By allocating substantial funds for healthcare, enhancing the accessibility and affordability of life-saving medicines, prioritizing cutting-edge research, and advancing infrastructure,…
New Delhi: The Union Budget for 2025-26 is likely to step up financial support for startups and small businesses that account for nearly a third of the nation’s economic output. The central government is looking to ensure they get adequate working capital, trade finance and funds needed for growth at attractive terms, according to two…
Managing credit card bills can be difficult, especially when the bill amount is large. To take away this financial burden, many credit card issuers give you the option to convert the bill amount into Equated Monthly Instalments (EMIs). Although this may provide you temporary relief, it is important to know how this decision will affect…
A personal loan can be a great option in helping you take care of immediate monetary needs such as paying for a medical emergency or to finance your dream vacation. However, it’s important to understand how a personal loan works through the life cycle so you can manage it responsibly and avoid financial burdens. Let…
Budget 2025: Finance Minister Nirmala Sitharaman, in the Union Budget 2024, had proposed to revamp the Income Tax Act, 1961, to make it concise and easier to understand. It is expected that in the upcoming budget session on February 1, a new Income Tax Act may be proposed. The government may introduce the certain changes…
How do I plan the smooth transition and safety of the estate that I have accumulated over my lifetime? -Name withheld on request The initial step in estate planning involves a thorough assessment of one’s assets and liabilities. This entails cataloguing all properties, business interests, investments, bank accounts, and personal possessions that comprise the individual’s…
The government has clarified that the Reserve Bank of India has not prohibited the use of black ink on cheques. The RBI has not prescribed specific ink colours to be used for writing cheques. The government issued this explanation after some social media posts claimed that the RBI issued guidelines prohibiting the use of black…
