With social and development spending rising steadily, government finances have been under pressure. This seems to have put overzealous revenue authorities on a constant lookout for how to squeeze more money out of tax assessees. On Wednesday, revenue secretary Sanjay Malhotra told tax officials to be careful, lest they end up hurting industry and thus the economy. While efforts have …
Reserve Bank of India governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. With the headline reading now above RBI’s 6% upper tolerance limit, the odds of a rate cut in the monetary policy committee’s December meeting look bleak. Though the rate-setting panel recently shifted its monetary policy stance to neutral, it wouldn’t want inflationary …
Despite the share market selloff, retail investors seem to be in no panic. The total amount of money flowing into equity markets through SIPs hit a record ₹25,322.74 crore in October, up from ₹24,509 crore in September. The count of SIP accounts also climbed to a new peak of 101.2 million from 98.7 million, according to Amfi data released on …
