by Sujit Bangar | Jun 15, 2020 | Indian Economy
Government notifies Cost Inflation Index (CII) for F Y 2020-21 at ‘301’As per the Income tax Act, the Central Government is empowered to notify the cost inflation index for every year. Accordingly, it has notified the CII for current financial year 2020-21 at 301. It...
by Sujit Bangar | Jun 11, 2020 | Indian Economy
When Moodys lowered India’s ratings, I was thinking about few facts. India has never defaulted. Even in 1991, Indian economy was on the brinks of default risk, but it didn’t. India external debt is very comfortable vis a vis other developing nations. Major reason for...
by Ajay Shah | May 14, 2020 | Indian Economy
Have you ever wondered why the value of US Dollar keeps changing every day against Indian Rupee? Who determines USD-INR rates?No single institution or government determines the exchange rate of rupee not even the central bank. India has a floating exchange rate system...
by Sujit Bangar | Apr 27, 2020 | Indian Economy
The major reason for closure of six debt schemes by Franklin Templeton India was lack of liquidity in market in view of increasing redemption pressure from investors.There are three sources of fund for any Mutual Fund AMC to access liquidity to address redemption...
by Sujit Bangar | Apr 25, 2020 | Indian Economy
#conserveyourcash with finbingo.com Ultra-Safe Savings Schemes of the Central Government In times like Covid-19 crisis, when financial markets and their future looks uncertain, we look for safe ways to keep our money. In such pursuit, we tend to trade the growth of...
by Sujit Bangar | Apr 23, 2020 | Indian Economy
Facebook logs in Jio: What it means for India Present time is marred by uncertainties. Common words of wisdom across industries are ‘conserve cash’. The news of Facebook investing $ 5.7 billion assumes importance as its declared amidst these crisis times.Lately, China...
