What is the new BSNL VRS Scheme about?
Economy

What is the new BSNL VRS Scheme about?

More than 60,000 employees of BSNL & MTNL have applied for VRS in just 4 days! What’s special about this VRS and what is BSNL expecting out of this?

Continue Reading about 16 hours ago
Why should we move towards a Simple Tax System?
Tax

Why should we move towards a Simple Tax System?

Albert Einstein once said, “The hardest thing to understand in the world is the Income Tax”. Why is that, even the smartest brains are unable to comprehend the taxes?

Continue Reading about 4 days ago
Fiscal Responsibility and Budget Management (FRBM) Act
Economy

Fiscal Responsibility and Budget Management (FRBM) Act

The government all over the world need money to function and deliver certain services. Though the government gets the money from its taxpaying individuals and companies, it is not enough.

Continue Reading about a month ago
Why is RBI cutting Repo rate constantly?
Investing

Why is RBI cutting Repo rate constantly?

Based on current and evolving macroeconomic situations, the Reserve Bank of India’s monetary policy committee decided to cut the repo rate under the liquidity adjustment facility by 35 basis points from 5.75 percent to 5.40 percent. This is the fourth time in a row that the RBI has cut the repo rate this calendar year (2019). In the last three monetary policy reviews, the rate cut is by 25 basis points. Repo rate is the benchmark-lending rate at which the central bank of the country lends money to commercial banks for about 7 to 14 days in the event of any shortfall of funds. The repo rate acts as a floor below which the short term interest rates don’t go. The repo rate is used by the central bank to control inflation. A decrease in repo rate means lower cost of short term money which reduces the EMIs on home and auto loans and the debt repayment burden, boosting economic growth.

Continue Reading about 2 months ago
Can Indian Investors invest in Foreign equities?
Investing

Can Indian Investors invest in Foreign equities?

As an investor, have you ever wondered if you could diversify your portfolio by holding international shares of companies such as Twitter, Facebook, Walmart, etc.? These companies aren’t listed on the Indian Stock Exchanges. Then how can you add these shares in your portfolio? Read on and find below.

Continue Reading about 3 months ago