The new Income Tax Bill aims to streamline taxation by using simpler language and reducing the number of sections. Replacing the complex 1961 Act is a welcome move.However, some provisions raise serious concerns about privacy and excessive state authority. One of the most contentious aspects is the ...
India’s retail inflation stood at 4.31 percent in January, marking a five-month low and a crucial moment in economic policy.This moderation strikes a rare balance between price stability and economic stimulus, creating room for potential rate cuts and further policy interventions.A key factor in t...
India has imposed restrictions on Chinese investments, a move driven not only by economic considerations but also by national security concerns and geopolitical realities.Any potential shift in this stance will not be immediate—and for good reason. The 2020 Galwan Valley clashes intensified scruti...
The Bolivian economy is in crisis. Once celebrated as an economic success story in South America, it has faltered due to a combination of poor governance and over-reliance on natural resources.Millions of lives have been disrupted, exposing deep flaws in both the country’s economic and political s...
Bitcoin has surpassed the $100,000 mark, marking a significant milestone in the history of cryptocurrencies. This achievement highlights its growing acceptance as a legitimate asset class.Once dismissed as an experiment by a small group of technologists, Bitcoin has evolved significantly, now captur...
The Indian banking system appears to be in robust health. According to a Reserve Bank of India (RBI) report, bad loans have fallen to a 12-year low of 2.6% in September 2024.This improvement in asset quality is evident across all sectors, with banks also reporting a healthy increase in profitability...
A potential shift is emerging in U.S. trade and foreign policy following President-elect Donald Trump’s repeated threats to impose sweeping tariffs on Mexico, Canada, and China. These tariffs are presented as solutions to issues like immigration, drug trafficking, and economic imbalances.However, ...
It may be too early to predict how Donald Trump’s second term as president will impact the global oil market. However, his victory, coupled with rising oil production from countries in the Western Hemisphere, is expected to increase oil availability in the international market, which would be bene...
Stocks soared following the election of Donald Trump as the 47th President of the United States. Investors anticipated that the Information Technology (IT) sector would benefit from lower corporate taxes under the Republican regime, with IT stocks leading the rally.Continuing its upward momentum int...
The Royal Swedish Academy of Sciences has awarded the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to three US-based economists—Daron Acemoglu, Simon Johnson, and James A. Robinson—”for their studies on how institutions are formed and affect prosperity.” The No...
