NEW DELHI: India is considering cutting income tax for individuals making up to Rs 15 lakh a year in February’s budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters. The move could benefit tens of millions of taxpayers, especially city dwellers burdened by high…
NEW DELHI: The Indian rupee slid to a record low of 85.24 against the US dollar in early trade on Thursday, weighed down by rising US Treasury yields and a decline in most Asian currencies. The rupee, which had closed at 85.20 on Tuesday, opened lower after a mid-week holiday in Indian financial markets.The 10-year…
Representative photo (AI image) NEW DELHI: Indian stock markets opened marginally higher on Thursday after a mid-week break for the Christmas holiday. However, the initial gains were short-lived as persistent market pressures weighed on investor sentiment, dimming hopes for a year-end rally. By 11:15 am, the BSE Sensex traded at 78,510.17, up just 37.30 points…
MUMBAI: A relatively weak rupee, in the short term, benefits India’s trade balance, a report published by RBI said. However, in the long run, a stronger rupee is more beneficial to trade balance. Trade balance is the difference between exports and imports of goods and services.The report, published in RBI’s Nov bulletin, carries data on…
World Bank chief economist Indermit Gill believes there are several things going for India – from the demographics to geopolitics and from a large domestic market to low debt levels in the private sector. He tells TOI in an interview that India should seek to push its potential growth from 6% to 8% by focusing…
Last Updated:December 25, 2024, 12:06 IST Experts suggest senior citizens focus on investments that come with the lowest risk and yet provide guaranteed profits. You depend primarily on your savings after retirement. After retirement, our regular source of income comes to an end. Hence, it becomes all the more important to plan your finances. You…
Last Updated:December 25, 2024, 11:08 IST Scammers all over the world are impersonating DHL’s missed delivery notes by adopting the same typeface and colour. There have been recent reports of delivery scams in Singapore, India and Ireland. DHL courier delivery scams have recently targeted a large number of people globally. Reports of this scam have…
Last Updated:December 25, 2024, 10:48 IST Army Medical Pension: The centre provides information on eligibility guidelines for certain military retirees. Check out the medical pension for army personnel. The Defence Ministry recently responded to relevant questions in the Lok Sabha about the medical pension of Army personnel who have been deemed unfit for duty by…
In 2025, there are fewer trading holidays, with 14 scheduled closures compared to 16 in the current year. (AI image) Stock market holiday today: Stock markets will not open for trading on Wednesday, December 25 for Christmas celebrations. This closure applies to all market segments, including equity like BSE Sensex and Nifty50, derivative, and SLB…
NEW DELHI: The need to get back to 7-8% growth against the backdrop of global challenges, geopolitical tensions and to ensure that the country remains on track to reach developed nation status by 2047 dominated deliberations at a meeting of economists with PM Modi Tuesday.At pre-Budget consultations under the theme – ‘Maintaining India’s growth momentum…
