Economy News

PPF Calculator: A Public Provident Fund (PPF) account is a risk-free investment and tax-saving instrument backed by the central government. This small savings scheme offers attractive long-term returns. Currently, the PPF interest rate is 7.1%. The PPF account has a term of 15 years, but can be extended indefinitely in blocks of 5 years. This…

New Delhi, India remains the fastest growing economy in the world, with investment and private consumption driving growth, according to the IMF’s latest Regional Economic Outlook for Asia-Pacific. The IMF, in its World Economic Outlook report released on October 2, maintained India’s gross domestic product (GDP) growth forecasts at a robust 7 percent and 6.5…

The central recommendation is a period of 30 days for deploying these funds in accordance with the asset allocation specified in the scheme. Sebi’s push for this timely deployment of NFO funds is aimed at protecting investors from prolonged delays in market exposure and ensuring that their money is actively invested as intended. The current…

State administrations increased new expenditure by 67% to nearly ₹1.62 lakh crore, surpassing the central government’s investment plans, which, however, registered a sharper spike of 185.6% and reached around ₹1.54 in the second quarter lakh crore. | Photo credits: Getty Images/iStockphoto New investment plans rebounded strongly in the July to September quarter, with public investment…

Early planning was essential to save money, especially during Europe’s busy travel season in June and July. Gandhi, who carefully collected credit card points, took a strategic approach: spend more to accumulate points that could earn him free business class tickets and stays in luxury hotels. Collect Avios Gandhi and his family enjoy luxury travel,…

NEW DELHI: Optimistic GDP growth forecasts for FY25 depend on strong government investment and effective inflation control for India to achieve growth above 7 per cent, according to Ernst & Young (EY) report. Recent reports indicate a mixed outlook, with the Reserve Bank of India (RBI) maintaining a cautious stance on monetary policy amid rising…

I am a retired bank employee. My total annual income is around 15 lakhs which consists of pension, LIC annuity, house rent and interest on fixed deposit. I have the advantage that one percent are ex-staff and half are senior. I also get 8.2% on SCSS. If I open a HUF and transfer my fixed…

The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state colleagues, will meet on February 18. “The 49th meeting of the GST Council is scheduled to be held on February 18, 2023 in New Delhi,” the GST Council said in a tweet on Friday. The 49th meeting of the GST Council will…

Those who have grown up watching Doordarshan, those who read Amar Chitra Katha, those who have heard the lyrics sung at home, have seen many interpretations of the epic Ramayana in folktales and during the Ram Leela performed in small and big cities. . In fact, Dussehra and Diwali are celebrated in India as the…

File photo of Bibek Debroy, chairman of the Prime Minister’s Economic Advisory Council | Photo credit: PTI Renowned author and economist Bibek Debroy, who served as chairman of the Prime Minister’s Economic Advisory Council since 2017, passed away on Friday (November 1, 2024) at the age of 69. Mr Debroy was also a member of…