Income Tax Slabs for Financial Year 2012-13

Here’s the Income Tax Slabs for the financial year 2012-13, based on the budget presented by the Finance Minister on 16th March 2012. Genera...

Inflation rates of India (2012)

This post tracks inflation rates of India for the year 2012. To have a look at previous inflation rates, please read, - Inflation rates of I...

Inflation rates of India (2010)

This post tracks inflation rates of India for the year 2010, like Inflation rates of India (2009) did for 2009 and Inflation rates of India...

New system for inflation rates in India

No, the government is not moving towards implementing CPI based inflation calculation, but from October onwards, instead of releasing weekly...

India moving closer to adopt GST

The 13th Finance Commission (TFC) has endorsed its proposal for single goods and services tax (GST) and recommended a “revenue-neutral” rat...

Inflation rates of India (2009)

This post tracks inflation rates of India for the year 2009, like Inflation rates of India (2008) did for 2008. Before that, a few facts ab...

Indian Inflation turns negative

For the first time since 1977, India's WPI Inflation rate fell to -1.61% for the week ended on June 6 2009!

India’s new Bimetallic 10 Rupee Coin

I might be a little late on this news, but here’s the picture of the new (and first ever) bimetallic coin of Rupees 10 denomination issued b...

New Symbol for Indian Rupee

The Government of India has invited the public to suggest a symbol for the Indian Rupee. Just as the Dollar is universally denoted by $‚ the...

L, V and U Recessions

These are the types of recessions according to economists worldwide; i.e. L-shaped, V-shaped and U-shaped ones. L-shape recession is a rece...

Indian Inflation Rate @ 0.44%

India’s WPI inflation rate fell to an recent low of 0.44% for the year ended March 7, 2009. What is more comforting is the fall in prices o...

Inflation dips further

India's WPI based inflation rate fell to a 7 year low of 2.43 percent for the year ended on 28 Feb 2009. However, this fall in inflati...

RBI cuts repo and reverse repo rates

The Reserve Bank of India lowered its Repo Rate and Reverse Repo Rate by 50 basis points to 5% and 3.5% respectively, with immediate effect....

India’s GDP growth slipped to 5.3% in the third quarter

India’s GDP growth slipped to 5.3% in the third quarter (October ~ December 2008) of the financial year. There were speculations that India...

Government cuts excise duty and service tax

The Government of India has reduced excise duty and service tax by 2 percent in its Interim Budget. The general excise duty has been reduced...

Highlights of India's Interim Budget

Here are the key points of Pranab Mukherjee's interim budget. > Economy grew at 9% for 3rd straight year > Per capita income grew ...

Govt. gives Rs. 3800 crore to 3 banks to raise capital adequacy

The Government of India has announced a Rs. 3800 crore (Rs. 38 billion) fund infusion into state run banks, UCO Bank, Central Bank of India...

Lessons from the sub-prime crisis

On Tuesday, the US senate passed the $819 billion economic stimulus bill , the second of the rescue package for the drowning US economy. Oth...

India could soon beat China in GDP growth rate

The current global economic decline and a sharp fall in an export dependant China’s GDP growth rate could make India the fastest growing amo...

Rise in NRI remittances to India

Despite economic recession, Indians working abroad had sent a record $40 billion as remittances to India in just 9 months of calendar year 2...