Gold prices in India have reached an unprecedented high, with one sovereign (8 grams) now priced at ₹60,200—a sharp increase of ₹600. The surge is attributed to global economic concerns and the weakening of the U.S. dollar, which has intensified demand for the precious metal. On the international stage, spot gold prices have hit an Read More…
In their pre-budget discussions with Finance Minister Nirmala Sitharaman, RSS-affiliated unions have put forward significant proposals for the 2025 Union Budget. Among the key recommendations is raising the income tax exemption threshold to ₹10 lakh, designed to enhance the disposable income of taxpayers and address ongoing economic challenges. Further, the unions have called for an Read More…
In a recent report highlighting consumer spending patterns across India, southern states like Kerala, Telangana, and Tamil Nadu have emerged as leaders in per capita expenditure, showcasing stronger purchasing power and better living standards. Industrialized states such as Gujarat and Maharashtra have reported spending levels hovering around the national average, reflecting balanced economic growth and Read More…
The Group of Ministers (GoM) has recommended increasing the Goods and Services Tax (GST) on aerated drinks, cigarettes, and tobacco products to 35% from the current highest slab of 28%. The proposal aims to generate additional revenue to offset losses incurred by the Centre and states due to GST rate cuts on essential commodities and Read More…
By our financial correspondent Kochi: Total business turnover of the Kerala-based five private sector banks touched to Rs 8.15 trillion at the end of the second quarter of the financial year 2024-25 , the banking sources said. They are : Federal Bank (FDL) Ltd, Aluva, The Southan Indian Bank (SIB), Thrissur, CSB Bank Limited , Read More…
The Reserve Bank of India (RBI) is preparing to disrupt the cloud services market by introducing an affordable, localized cloud storage solution for financial institutions in 2025. This initiative, led by the RBI’s Indian Financial Technology and Allied Services (IFTAS), targets smaller banks and financial firms struggling with the high costs of existing cloud services Read More…
Infosys founder Narayana Murthy has stirred a debate with his remarks on the contemporary 5-day work week. Speaking at a recent event, Murthy expressed his belief that the reduced work schedule has negatively impacted productivity, innovation, and the work ethic of employees. He stressed that in the early years of Infosys, the company thrived on Read More…
A report from the State Bank of India suggests the rupee could depreciate by 8-10% against the US dollar during Donald Trump’s second term. The expected rise in the dollar is linked to tighter economic policies, including interest rate hikes. However, India’s manufacturing and export sectors could gain from the shifting global landscape. Forex traders Read More…
India’s exchange rate policy is under renewed focus as experts advocate for allowing the Indian Rupee (INR) to respond more freely to market forces. This shift toward a more flexible exchange rate regime could enhance India’s economic resilience, helping the Rupee better reflect the country’s trade dynamics and global economic conditions. Currently, the Indian Rupee’s Read More…
Karnataka has now overtaken Delhi to secure the position of India’s second-largest tax revenue contributor, trailing only Maharashtra. This impressive achievement reflects Karnataka’s dynamic economy, which is driven by key sectors such as IT, manufacturing, and services. The state reported a 10% increase in Goods and Services Tax (GST) revenue for the fiscal year 2023-24, Read More…