It’s been five days since RBI announced its decision to phase out Rs 2000 currency note from active circulation by 30th September 2023. After the initial panic and furore settled over the validity of the denomination and exchange process, there are interesting trends to witness. In this article we discuss the immediate fallout of the … Read more
On May 19th, the Ministry of Finance announced an amendment to FEMA (Foreign Exchange Management) Act to include international payments done via credit cards under LRS (Liberalised Remittance Scheme) and liable to TCS (Tax Collected at Source). In this article, let us understand what is LRS and how this amendment will impact you. What is … Read more
In April, the most anticipated data, the US inflation hit its lowest level in almost two years. The Consumer Price Index rose by 4.9% over the last year. The CPI inflation rate cooled down from 9.1% in June 2022, an all time high level in 40 years! The drop was lower than what experts had … Read more
As we write, U.S. President Joe Biden is in talks with Congress leaders to arrive at a deal to raise the government debt ceiling and avert a debt default looming by June 1st and its domino impact not just on the U.S. economy, but a snowballing effect on the global economy. Let us take a … Read more
On May 5th, India’s Forex reserves went up by USD 7 billion to touch an 11 month peak of USD 596 billion, as per RBI report. In October 2021, the forex reserves went to an all time high level of USD 645 billion, to decline from there as the regulator utilised the USD kitty to … Read more
India’s retail inflation was reported at 4.7% in April on an annual basis, a level reached after 18 months, since Nov 2021. In March the CPI (Consumer Price Index) inflation was at 5.66%. For a second consecutive month the retail inflation is contained within RBI’s target range of 2 to 6 percent. The easing of … Read more
The money needed to establish and run a startup company is called funding. It is an angel investment aimed at production enhancement, expansion, sales and marketing, distribution, etc., of a startup. While some startup companies prefer to seek external finance, others rely on private funding to prevent debts and equity dilution. Most companies raise money … Read more