Traders work on the floor of the New York Stock Exchange during morning trading on April 22. | Photo Credit: Getty Images Not content with rewriting the rules of international trade, U.S. President Donald Trump has sought to upend a vital cornerstone of the U.S. financial architecture: the independence of the Central Bank. Mr. Trump…
Do you chase overvaulting dreams like owning malls in Mumbai, office spaces or warehouses in Bengaluru? Do you daydream about owning highways, renewable energy projects, toll plazas, dams or power grids in India? Well, you aren’t chasing a wild goose any more. Thanks to REITs and InVITs — a ticket to your real-estate dreams. Let’s…
Representational file image. | Photo Credit: Reuters Balance transfers allow cardholders to move outstanding balance from one credit card to another with the option of repaying via EMIs. While interest charges may still apply, it will be much lower compared with the high finance charges on overdue card balances, making it a smart strategy for…
Union Finance Minister Nirmala Sitharaman. | Photo Credit: ANI The government has notified the Goods and Services Tax Appellate Tribunal (Procedure) Rules, which provide for mandatory e-filing of applications and conducting hearings in a hybrid mode. The rules also provide that any urgent matter filed by an applicant before 12:00 noon shall be listed before…
China‘s top policymakers pledged to support firms and workers most affected by the impact of triple-digit U.S. tariffs, the ruling Communist Party’s politburo said on Friday (April 25, 2025), according to state media. The politburo, a top policy decision-making body, reiterated plans to accelerate debt issuance, ease monetary policy and vowed to support employers to…
Ajay Seth, Finance Secretary. | Photo Credit: ANI The direct hit from tariffs introduced by Donald Trump’s administration on India could shave off between 0.2-0.5 percentage points from GDP growth, the country’s Finance Secretary Ajay Seth said on Wednesday (April 23, 2025). “Now there is a sign of that…we grow about 6.5% in the current…
Image used for representational purposes only. File | Photo Credit: Reuters Luxury goods like handbags, wrist watches, footwear, and sportswear, priced above ₹10 lakh will now attract a 1% Tax Collected at Source (TCS). The Income Tax Department has notified the applicability of TCS at the rate of 1% on sale of specified luxury goods,…
World Bank said that amid increasing uncertainty in the global economy, South Asia’s growth prospects have weakened, with projections downgraded in most countries in the region. File | Photo Credit: Getty Images/iStockphoto The World Bank on Wednesday (April 23, 2025) lowered India’s growth forecast for the current fiscal by 4 percentage points to 6.3% amid…
President Donald Trump speaks with reporters in the Oval Office of the White House on April 22, 2025 | Photo Credit: AP Donald Trump said on Tuesday (April 22, 2025) he had no intention of firing the chair of the U.S. Federal Reserve and signalled a “substantial” lowering of tariffs on China — moves that…
International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas (C) and IMF Research Department Deputy Director Petya Koeva Brooks (R) take questions as they speak on the “World Economic Outlook” during the IMF/World Bank Group Spring Meetings in Washington, DC, on April 22, 2025. | Photo Credit: AFP The IMF said Tuesday it now believed China’s…
