Showkat Kumar 
Japan’s economy grew at a surprisingly strong annualized rate of 3.1% in the second quarter, bouncing back from an earlier decline. This recovery was driven by a notable increase in consumer spending and bolsters the argument for a potential interest rate hike in the near future. The Bank of Japan (BOJ) expects that sustained economic … Read more
The consumer price index (CPI) increased by 0.2% last month, following a 0.1% decline in June.
Following the conclusion of the Lok Sabha elections, a new government has been formed. In response to this, the All India Railway Men’s Federation has sent a letter to the government, urging the establishment of the Eighth Pay Commission. This article aims to provide detailed information on the anticipated 8th Pay Commission. Role of the … Read more
The last 15 years have been the most eventful period of economic growth and transformation for Bangladesh, elevated to the position of one of the fastest-growing economies in Asia. Here is an overview of how this has all shaped Bangladesh’s economy over the past 15 years: 1. Consistent GDP Growth 4. Infrastructure and Energy Development … Read more
Binance, recognized as one of the world’s foremost cryptocurrency exchanges, has made a remarkable resurgence in the Indian market. The platform’s official website, which had been previously inaccessible, has now been unblocked, allowing Indian users to once again access the site with ease. This development enables them to trade on what is considered one of … Read more
Torrent Pharmaceuticals Ltd. is reportedly considering raising up to $3 billion from global banks to acquire a controlling stake in JB Chemicals & Pharmaceuticals Ltd. The Indian drugmaker is exploring various financing options, including issuing dollar and local currency bonds, to fund the potential purchase of KKR & Co.’s 53.8% stake in JB Chemicals, according … Read more
Following the release of the All India Consumer Price Index (AICPIN) data for June 2024, it has been confirmed that the Dearness Allowance (DA) for July 2024 will increase by 3%. This adjustment will bring the overall DA to 53% from 1st July 2024. While this increase is a welcome development for government employees, it … Read more
In the Budget 2024, Finance Minister Nirmala Sitharaman introduced changes to the income tax slabs under the new tax regime, effective from April 1, 2024. These changes were confirmed in the full budget presented in July 2024, following the Lok Sabha elections, with no modifications made in the interim budget of February 2024. New Tax … Read more
Employee salaries often include various allowances and reimbursements, some of which are partially or fully tax-exempt. Whether these exemptions apply depends on the tax regime chosen. The old tax regime, which allows for multiple exemptions, remains relevant for taxpayers who opt for it, while the new tax regime offers lower tax rates but with minimal … Read more
Employee salaries often include various allowances and reimbursements, some of which are subject to tax exemptions. The tax treatment of these allowances and reimbursements depends on whether the taxpayer opts for the old or new tax regime. Since the introduction of the new tax regime in FY 2020-21, individuals have to choose between lower tax … Read more