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Developing countries ignoring cryptocurrency at their own risk: UN

August 17, 2022

Despite the warnings by the Reserve Bank of India about cryptocurrencies and the ambivalent response of the Indian government towards cryptocurrencies, a large number of Indians have already acquired these digital assets, says a report by the United Nations. The United Nations Co...

Despite rising inflation, RBI holds interest rates at lowest-ever

April 9, 2022

The Monetary Policy Committee of the Reserve Bank of India that ended its two-day meeting on Friday has decided to keep the repo and reverse repo rates at 4 pc and 3.5 pc respectively, the lowest-ever levels for both the benchmark rates. The decision was taken even as the MPC and...

India 4th most prone to spam calls & cyber crime

December 23, 2021

Over 202 million calls were made from just one number in India in a period of 10 months, or over 664000 calls every day, 27000 calls every hour of every day or 450 calls per minute every minute of every day in the period. That mindboggling figure explains the extent of spamming t...

GDP growth data hides deep potholes on road to recovery

December 1, 2021

The growth in Indian economy in the second quarter of the current year was more or less as per expectation of analysts. With 8.4 pc growth in the quarter ending September 30, added to the 20.1 pc growth registered in first quarter of the fiscal year, Indian Gross Domestic Product...

World Thrift Day: Global savings surge in pandemic

October 30, 2021

The United States, the country that invented credit cards and is famous for practically everyone living off credit and out-of-pocket, has seen a record jump in its personal savings rate during the pandemic, which raced ahead to 13.7 pc in 2020 from 7.6 pc in the preceding year. N...

No silver lining on economy’s dark clouds

August 21, 2020

Despite various measures announced by the government, there is no sign of any revival in the Indian economy which has continued its sharp decline since March. Inflation continues to rise, job losses spread across sectors and the economy continues to contract.

New rules for investment and taxes for NRIs

February 14, 2020

In a move to curb the exploitation of the residency rules to avoid paying taxes, the government has redefined the qualifications which categorises a person as a non-resident Indian (NRI) and target those who enjoy the stateless status through short stays in different countries. A...

Modi’s myriad challenges

January 9, 2020

After storming into office for a second time with a thumping majority, challenges for Narendra Modi’s government has not wilted in any way. Instead it has taken myriad forms…

Weakening of rupee will allow NRIs to send more money back home

July 17, 2018

Inward payments are expected to grow the in the next few months in India, especially from the Middle East, the US and Southeast Asian countries amid a falling rupee following the recent shifts in the foreign exchange market and India’s external debt crossing the half-trillion m...