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Inflation, IIP Figures & Economy

Saturday, August 31st, 2019 Amritesh one response

Consumer and Producer Inflation moderated in July,’19. Retail Inflation fell marginally while Wholesale Inflation hit 25 month low as per the latest data released for the previous month. The slowness is attributed to fall in prices of Food Items and Crude. Retail Inflation remains below the mid-term target of 4%, much to the comfort of RBI. Retail Inflation for FY 2019-20 is estimated at 2.9% in Q1, 3% in Q2, 3.5% in Q3 & 3.8% in the last quarter. In the recent policy meet, Monetary Policy Committee (MPC) has further reduced the repo rate by 35 basis points to 5.45%, the fourth consecutive policy rate cut aimed at boosting the Industrial Output. This is the lowest repo rate in 9…

Union Budget 2019: Key Highlights

Friday, July 5th, 2019 Amritesh no responses

The Union Budget 2019 was presented in the parliament by the Union Finance Minister Nirmala Sitharaman. This is the first budget presented by the recently re-elected Government. The Budget did not spring any major surprises but did highlight the Government’s intent to strive towards becoming 5 trillion economy in the coming few years. Although, no tax rebates was announced but the benefits announced in the interim budget were retained for the Financial Year. Income Tax Slab Rates For Financial Year 2019-20 In the maiden budget presented by the new Finance Minister clearly highlighted Government’s intent to promote Digital Economy. Effort has also been made to attract Foreign Direct Investment (FDI) which would boost economy growth. Key highlights from the Union…

Budget 2019: Key Announcements

Friday, February 1st, 2019 Amritesh 4 responses

Interim Budget 2019 is the last budget presented before the Lok Sabha Election slated to be held later in the year. Incumbent Finance Minister Piyush Goyal presented the budget in Lok Sabha in absence of Arun Jaitley. The Budget has echoed similar sentiments highlighted in my post published yesterday on Budget 2019 Expectations. In the Interim Budget speech, the Incumbent Finance Minister highlighted the achievements of the Government in last 5 years. The attempt was made to present a budget which would lend balance between populism and economic reforms. Government’s achievement in extending health benefits, controlling inflation, attaining economic growth and good governance formed the core of the budget speech. Incentives announced for Middle Class and Small Farmers is bound…

Budget 2019 Expectations

Thursday, January 31st, 2019 Amritesh one response

Interim Finance Minister Piyush Goyal is slated to present the interim Budget 2019 in the Lok Sabha on 1st February (Friday), 2019. Since this is the last budget before Lok Sabha elections in 2019, expectations among the Tax Paying individuals is high. However, Government will look to balance between populism and economic reforms. Interim Budget 2019 is expected to focus on providing relief to the Farmers, Salaried Individuals and Small Businesses. Budget is also expected to address the issue of unemployment and generation of jobs for the youth. Interim Budget Announcements   Income Tax Slabs and Rates For Financial Year 2019-20 As per my opinion, Some of the major expectations from the Budget 2019 have been discussed below. Basic Income Tax…

Digital Banking: Emergence Of Payment Banks

Wednesday, November 21st, 2018 Amritesh no responses

Technology has transformed the way one banks or carries out business transactions. Fintech has played an important role in the evolution of the Financial Services industry. Digital Banking is fast becoming the preferred mode of operation among the millennial. It not only reduces cash based transaction but also leads to greater transparency and accountability, benefitting the economy as a whole. This brings us to the whole new concept of Payment Banks. In absence of a structured banking system and non availability of easy credit, Individuals from economically weaker section of the society are often subject to exploitation. To address such malpractices, Micro-Credit Institutions came into existence which provides financial assistance to needy Individuals. Over the last couple of decades, many…

Budget 2018: Highlights

Thursday, February 1st, 2018 Amritesh no responses

Budget 2018 is the last comprehensive budget for the current Government before General Election slated for 2019. The Budget was expected to be a populist one considering Lok Sabha as well as eight State Legislative Elections coming up. Government has tried to strike balance between Populism and Reforms. Budget 2018 may be seen as attempt to provide some benefits to each section of the society but primary focus was on Rural Population, Farmers and the Agriculture Sector. The Salaried Class and Investors might have reasons to feel disappointed with no changes in the tax slab and re-introduction of Long Term Capital Gain (LTCG) tax on Equities. However, introduction of Standard Deduction is aimed at providing marginal relief to the Salaried…

Digital Banking: The Technology Driven Revolution

Thursday, July 6th, 2017 Amritesh no responses

Payment Banks have gained prominence of late, the regulatory body Reserve Bank of India (RBI) is encouraging such type of banks which facilitate digital transaction and simplify the process of opening savings bank account for individual transaction. It is also aimed at driving the society to cashless economy by promoting digital transaction over cash based transaction. These banks are set to revolutionize the retail banking experience. Payment Banks facilitate smoother and hassle free platform for carrying out transaction. Similar to Payment Banks are the Digital Banks which offer similar features to the end customers. It is very easy for the Individuals to open the account using their mobile phone and within short span of time your account is ready for…

BUDGET 2017-18: Things To Know

Sunday, February 12th, 2017 Amritesh 2 responses

The Budget for Financial Year 2017-18 was presented earlier this week by our Hon’able Finance Minister in the parliament. This was the first budget post demonetization drive with a lot of expectation from the various sections of the society. The Government had to balance the budget keeping in mind the interest of the common people as well the need to address issues of reforms and economy growth. Many were quite skeptical about the Budget post the demonetization. The budget did announce few benefits for the Common Class but it was more directed towards the cleaning up of the parallel economy run through black money and move towards more compliant India. Some of the facts which came out during the budget…

Wholesale and Retail Inflation Go Reverse, Industrial Output Surges

Tuesday, January 24th, 2017 Amritesh no responses

WHOLESALE PRICE INDEX (WPI) Wholesale Price Index (WPI) for the month of December, 2016 rose marginally to 3.39% as compared to 3.15% in the previous month. The rise primarily fuelled by the rising Crude prices in the Global Market. The food inflation fell sharply by (-) 0.7% as compared to 1.54% in the previous month. The softness in the wholesale vegetables and pulses basket is a welcome relief for the economy. In fuel and power segment, inflation rose to 8.65% as compared to 7.07% in the previous month, it is expected to rise further as OPEC nations have decided to cut down the supply of crude. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods…

Inflation Softens in November Due to Fall in Food Prices and Demonetization, Industry Output Down

Thursday, December 15th, 2016 Amritesh one response

WHOLESALE PRICE INDEX (WPI) Wholesale Price Index (WPI) for the month of November, 2016 moderated to 3.15% as compared to 3.39% in the previous month. Softening of prices is the impact of the demonetization which has slowed the down the economy to a certain extent. The moderation in food inflation also has helped in keeping the inflation rates under check. The food inflation fell sharply to 1.54% as compared to 4.34% in the previous month. The softness in the wholesale vegetables and pulses basket is a welcome relief for the economy. In fuel and power segment, inflation rose to 7.07% as compared to 6.18% in the previous month, it is expected to rise further as OPEC nations have decided to…

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