Demand for residential projects has completely flattened out thanks to the pandemic. There is a belief that revival of the sector can be achieved by reducing stamp duty. However the moot question is whether the state governments are willing to bite the bullet as revenue collection could be hit. Will states oblige?
The income tax department’s new, revamped portal is still not ready. There are several questions which remain unanswered. How soon will the new portal and mobile app be ready for use? Thankfully enough, it is lean season in terms of filing of IT returns else it would have been catastrophic.
Is it the light at the end of the tunnel for PMC Bank depositors? However some depositors believe that their deposits may not be repaid in full even as there is a new owner for the crisis-ridden bank. A clearer picture will only emerge post the RBI’s nod for the revival of the bank.
The glitches in the new income tax website were one issue which got prominent mention at the 40th AGM of Infosys Limited. Infosys is the vendor for this project. However the Infosys management sounded confident and clarified that its team of engineers were able to iron out many of the glitches.
Venture capitalists are willing to back the Indian cryptocurrency industry. This comes as a big boost despite regulatory headwinds. With investments coming in the industry can take off but the regulatory uncertainty needs to be addressed in a comprehensive manner to foster growth. Will that happen at the earliest?
The RBI has given nod to Centrum Capital to set up a SFB. This will take over PMC Bank. As the chairman of Centrum Capital, all eyes will be on Jaspal Bindra, the chairman. He is no stranger to banking after heading Standard Chartered. The second innings as a banker eagerly awaits this banker.
THE hawkish sentiment echoed by the Federal Open Market Committee (FOMC) on Wednesday had its deleterious impact on the Asian stock and currency markets and India was certainly not spared of the blushes. The commentary The FOMC which is the equivalent of RBI’s monetary policy committee or MPC is tasked with maintaining money supply and […]
THE U.S Federal Open Market Committee or FOMC announced that interest rates in the U.S which are currently ranging from 0% to 0.25% will be increased from CY2023 onwards. The FOMC announced its decision on June 16. The FOMC is the American equivalent of RBI’s Monetary Policy Committee or MPC. Like the MPC, the FOMC […]
He was the geek who gave millions the opportunity to use a personal computer, a device indispensable in our daily lives. However at some point, the source code had an error and that manifested in a divorce not before instances of wrongful booting came to light. How will Gates come out of this?
The second wave of COVID-19 infections is showing signs of abating in India. The RBI has painted a picture of how things would be in post second wave-hit India. There could be an impact on some industries which may remain permanently in a stunted form. The report highlights some key issues.