Economy News

Mayuresh Joshimain power, Market blacksmith IndiaIn the Indian context, much of the market expectation or consensus is that there could be a token rate cut, with food inflation expected to decline in the coming months. Therefore, a symbolic interest rate cut in the coming months cannot be ruled out. February. Beyond the rate cuts, the…

HDFC Bank is offering its Millennia, Diners Club Privilege, Biz Grow, PIXEL Play and PIXEL Go credit cards as ‘free for life’ for a limited period – from December 17, 2024 to January 16, 2025. The bank is also offering ‘Regalia Gold’. ‘free for the first year during the offer period. “Lifetime free offer valid…

A 2019 paper co-authored by Arvind Subramanian, former chief economic adviser to the Indian government, and Josh Felman, sheds light on the economic challenges India faced at the time. The authors highlighted a ‘Four Balance Sheet Challenge’, warning that the economy was heading towards an ‘Intensive Care Unit’ due to increasing financial stress. Subramanian argued…

When applying for a personal loan, an individual must meet several eligibility criteria. Some of these include age, income, credit score, debt-to-income ratio (DTI), occupation, work experience, etc. What if the loan applicant’s income is lower or credit score is lower than the bank’s requirements for personal loans? In such cases, hiring a loan guarantor…

China’s foreign lending has increased dramatically over the past two decades By the end of 2023, more than 25% of the world’s bilateral external debt was owed to China, making the country the largest debt collector. Twenty years ago the country rarely borrowed money; Japan lent the highest amount, followed by Germany, France, the United…

Traditionally, to get a personal loan, a borrower had to visit the bank branch to inquire about the loan and make several visits to the branch to apply for a loan. With the evolution of the financial landscape and digitalization, applying for a loan has become faster and more convenient. One such platform has an…

I am a domestic individual taxpayer. I bought a house for… ₹1 crore a few years ago. Now I have sold the house in 2024 for Rs 1.25 crore. What would my tax liability be for the capital gains under the new scheme? The indexed long-term capital calculated for the house is a loss, and…

The billionaire Gautam Adani-led promoter group has increased its stake in two of the group’s listed companies as the port-to-energy conglomerate continues to work on a clawback strategy after being hit by damaging reports. The promoter group has increased stake in flagship Adani Enterprises from 69.87% to 71.93%, stock exchange filings show. This is the…

Different credit cards have numerous features and benefits. Some of these include instant discounts, cashbacks, reward points, airport/railway lounge access, BOGO offers on movie tickets, various memberships, etc. A section of credit card holders use them for the cashbacks they offer. Looking at the popularity of this segment, banks have launched cashback-specific credit cards that…

When you apply for a loan or credit card, banks check several factors to approve your request. One of those factors is the CIBIL score. It is one of the most important parameters to determine whether you qualify for a loan or a credit card. This three-digit number reflects your creditworthiness. Banks check the CIBIL…