ECONOMICS

TDS

How TDS works

TDS stands for ‘Tax Deducted at Source’. TDS has been introduced to collect tax from the source from where an Individual’s income is generated. It is applicable on the various incomes received such as salaries, interest received, commission received etc. Different rates of TDS have been prescribed by the Income Tax Act for different payments …

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interest rate

The interest rate dilemma

On 1st April 2017 the Government announced a 10 bps interest rate cut across all small savings schemes offered, from Senior Citizen Savings Schemes to Public Provident Fund and mind you this is not the first cut over the last year when the government decided to revise small savings rates every quarter depending on economic/market …

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Universal Basic Income- Cut out the subsidy

A basic income (also called unconditional basic income, Citizen’s Income, basic income guarantee, universal basic income or universal demogrant) is a form of social security in which all citizens or residents of a country regularly receive an unconditional sum of money, either from a government or some other public institution, in addition to any income …

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UNION BUDGET 2017-18 – Reviving Demonetized India

The Union Budget 2017-18 presented by Arun Jaitley on 1st February can be termed as a good effort under the prevailing circumstances. This was a challenging situation with very high expectation post demonetization. We feel the finance minister has done a good balancing act by not tinkering too much with tax rates (partly leaving changes …

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micro finance institutions

Re-energizing De-monetized micro finance institutions

Demonetization of Rs.500 & Rs.1000 notes which was announced by the Prime Minister of India on 8th November 2016 has had a negative impact on micro finance institutions (MFI). Microfinance largely works in the grassroot level and majorly deals with cash transactions. So due to cash crunch as a result of demonetization the MFI sector …

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Lehman Crisis

Things have changed since the Lehman Crisis crash in 2008

As evident from the table below we are far better off now in comparison with the Lehman Crisis crash in 2008. CAD, Fiscal Deficit, Forex Reserves & Inflation. Interest Rates & Import bill which are higher and declining with a significant fall in crude amongst other commodities. A possible current account surplus driven by a …

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Indian markets

Monday Mayhem and thereafter….do not press the panic button.

We need not panic & should firmly stay invested in this sell off over the last two weeks. Fundamentally nothing has changed in India & the domestic story remains intact. Low commodity prices, low inflation, improving GDP growth augers well for India. This selloff is purely due to global concerns especially China & huge FII …

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