Budget 2024 came at a rare moment in the history of Indian budgets. Tax revenues are up, bank and corporate balance sheets are cleaned up, reserves are looking good and a surprise bonus from the Reserve Bank of India has bolstered the ability of the government to spend without compromising the fiscal consolidation process. But...
The interim Budget 2024 has few policy announcements. Given the coming elections, a work-in-progress budget is better than a freebie laden one. he average middle-class person has two expectations from the budget. One, to get a lower tax burden and two, to see proposals that lead to lower inflation. In Budget 2024, being an interim...
On January 10, the US securities market regulator, the Securities and Exchange Commission (SEC) allowed 11 spot Bitcoin exchange-traded funds (ETFs) to list and trade on the stock market. This has opened a window for retail investors to trade safely in a digital token. The future of cryptocurrency has been hanging between the ban-it or...
The year 2024 is likely to see a continuation of the trend of volatility, uncertainty, confusion and ambiguity — the VUCA world seems to be here to stay. General elections in two of the world’s largest democracies, India and the United States (US), two ongoing wars, a global financial sector that some say is teetering...
Data released by the Income Tax Department last week had some points of headline news, but hidden in the pdfs were stats that, when analysed, show the growth roar of the Indian middle class. The headline numbers map the rise in income tax returns which have more than doubled starting financial year 2011-12 and ending...